PRAC.DE vs. SPPS.DE
PRAC.DE (Invesco Preferred Shares UCITS ETF A) and SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) are both European Corporate Bonds funds - PRAC.DE tracks the Bloomberg Euro Corp TR EUR while SPPS.DE tracks the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. Both are passively managed. Over the past 3 years, PRAC.DE returned 4.57%/yr vs 3.72%/yr for SPPS.DE. A 0.55 correlation means they provide meaningful diversification when combined. PRAC.DE charges 0.50%/yr vs 0.12%/yr for SPPS.DE.
Performance
PRAC.DE vs. SPPS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAC.DE achieves a 0.60% return, which is significantly lower than SPPS.DE's 0.69% return.
PRAC.DE
- 1D
- 0.12%
- 1M
- 0.31%
- YTD
- 0.60%
- 6M
- 0.63%
- 1Y
- 2.36%
- 3Y*
- 4.57%
- 5Y*
- -0.04%
- 10Y*
- —
SPPS.DE
- 1D
- -0.02%
- 1M
- 0.01%
- YTD
- 0.69%
- 6M
- 0.82%
- 1Y
- 2.09%
- 3Y*
- 3.72%
- 5Y*
- —
- 10Y*
- —
PRAC.DE vs. SPPS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PRAC.DE Invesco Preferred Shares UCITS ETF A | 0.60% | 3.03% | 4.31% | 7.53% | -5.97% |
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc | 0.69% | 2.96% | 4.20% | 4.07% | -1.54% |
Correlation
The correlation between PRAC.DE and SPPS.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.55 |
The correlation between PRAC.DE and SPPS.DE shifts across timeframes, from 0.44 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRAC.DE vs. SPPS.DE — Risk / Return Rank
PRAC.DE
SPPS.DE
PRAC.DE vs. SPPS.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 SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.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 | SPPS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.70 | -0.94 |
| Martin ratioReturn relative to average drawdown | 2.65 | 6.89 | -4.24 |
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 | SPPS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.03 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 1.10 | -1.09 |
Drawdowns
PRAC.DE vs. SPPS.DE - Drawdown Comparison
The maximum PRAC.DE drawdown since its inception was -17.86%, which is greater than SPPS.DE's maximum drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for PRAC.DE and SPPS.DE.
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Drawdown Indicators
| PRAC.DE | SPPS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.86% | -2.70% | -15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -1.18% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -2.70% | -1.18% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.86% | — | — |
Current DrawdownCurrent decline from peak | -1.69% | -0.23% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -0.44% | -5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.29% | +0.49% |
Volatility
PRAC.DE vs. SPPS.DE - Volatility Comparison
The current volatility for Invesco Preferred Shares UCITS ETF A (PRAC.DE) is 0.99%, while SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) has a volatility of 1.05%. This indicates that PRAC.DE experiences smaller price fluctuations and is considered to be less risky than SPPS.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 | SPPS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.05% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.85% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 1.94% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 2.26% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 2.26% | +2.47% |
PRAC.DE vs. SPPS.DE - Expense Ratio Comparison
PRAC.DE has a 0.50% expense ratio, which is higher than SPPS.DE's 0.12% expense ratio.
Dividends
PRAC.DE vs. SPPS.DE - Dividend Comparison
Neither PRAC.DE nor SPPS.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAC.DE and SPPS.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPS.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPS.DE is cheaper with a 0.12% expense ratio, compared with 0.50% for PRAC.DE.
PRAC.DE tracks Bloomberg Euro Corp TR EUR, while SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.50% for PRAC.DE and 0.12% for SPPS.DE.
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