PRAC.DE vs. JREB.DE
PRAC.DE (Invesco Preferred Shares UCITS ETF A) and JREB.DE (JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF) are both European Corporate Bonds funds - PRAC.DE tracks the Bloomberg Euro Corp TR EUR while JREB.DE tracks the JP Morgan EUR Corporate Bond Research Enhanced Index (ESG). Both are passively managed. Over the past 5 years, PRAC.DE returned -0.04%/yr vs 0.14%/yr for JREB.DE. Their correlation of 0.88 suggests significant overlap in exposure. PRAC.DE charges 0.50%/yr vs 0.04%/yr for JREB.DE.
Performance
PRAC.DE vs. JREB.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PRAC.DE having a 0.60% return and JREB.DE slightly lower at 0.57%.
PRAC.DE
- 1D
- 0.12%
- 1M
- 0.31%
- YTD
- 0.60%
- 6M
- 0.63%
- 1Y
- 2.36%
- 3Y*
- 4.57%
- 5Y*
- -0.04%
- 10Y*
- —
JREB.DE
- 1D
- 0.06%
- 1M
- 0.26%
- YTD
- 0.57%
- 6M
- 0.53%
- 1Y
- 2.34%
- 3Y*
- 4.65%
- 5Y*
- 0.14%
- 10Y*
- —
PRAC.DE vs. JREB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAC.DE Invesco Preferred Shares UCITS ETF A | 0.60% | 3.03% | 4.31% | 7.53% | -13.95% | -1.04% | 1.51% |
JREB.DE JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF | 0.57% | 3.18% | 4.24% | 7.63% | -13.23% | -1.04% | 1.69% |
Correlation
The correlation between PRAC.DE and JREB.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.88 |
The correlation between PRAC.DE and JREB.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
PRAC.DE vs. JREB.DE — Risk / Return Rank
PRAC.DE
JREB.DE
PRAC.DE vs. JREB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF A (PRAC.DE) and JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PRAC.DE | JREB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.71 | +0.05 |
| Martin ratioReturn relative to average drawdown | 2.65 | 2.52 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRAC.DE | JREB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.63 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.03 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.23 | -0.21 |
Drawdowns
PRAC.DE vs. JREB.DE - Drawdown Comparison
The maximum PRAC.DE drawdown since its inception was -17.86%, roughly equal to the maximum JREB.DE drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for PRAC.DE and JREB.DE.
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Drawdown Indicators
| PRAC.DE | JREB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -17.22% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.83% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -2.70% | -2.83% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -17.86% | -17.22% | -0.64% |
Current DrawdownCurrent decline from peak | -1.69% | -0.76% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -5.02% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.80% | -0.02% |
Volatility
PRAC.DE vs. JREB.DE - Volatility Comparison
The current volatility for Invesco Preferred Shares UCITS ETF A (PRAC.DE) is 0.99%, while JPMorgan EUR Corporate Bond Research Enhanced Index (ESG) UCITS ETF (JREB.DE) has a volatility of 1.16%. This indicates that PRAC.DE experiences smaller price fluctuations and is considered to be less risky than JREB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAC.DE | JREB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.16% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.85% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 3.17% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 4.39% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.96% | -0.23% |
PRAC.DE vs. JREB.DE - Expense Ratio Comparison
PRAC.DE has a 0.50% expense ratio, which is higher than JREB.DE's 0.04% expense ratio.
Dividends
PRAC.DE vs. JREB.DE - Dividend Comparison
Neither PRAC.DE nor JREB.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAC.DE and JREB.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREB.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREB.DE is cheaper with a 0.04% expense ratio, compared with 0.50% for PRAC.DE.
PRAC.DE tracks Bloomberg Euro Corp TR EUR, while JREB.DE tracks JP Morgan EUR Corporate Bond Research Enhanced Index (ESG). They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.50% for PRAC.DE and 0.04% for JREB.DE.
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