PRAP.DE vs. CBU0.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) are both Corporate Bonds funds - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while CBU0.DE tracks the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). Both are passively managed. Over the past 3 years, PRAP.DE returned 3.99%/yr vs 3.91%/yr for CBU0.DE. At a 0.39 correlation, their price movements are largely independent. PRAP.DE charges 0.07%/yr vs 0.25%/yr for CBU0.DE.
Performance
PRAP.DE vs. CBU0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAP.DE achieves a 2.44% return, which is significantly higher than CBU0.DE's -1.09% return.
PRAP.DE
- 1D
- 0.16%
- 1M
- 0.32%
- 6M
- 0.91%
- YTD
- 2.44%
- 1Y
- 5.54%
- 3Y*
- 3.99%
- 5Y*
- 0.59%
- 10Y*
- —
CBU0.DE
- 1D
- 0.00%
- 1M
- -1.09%
- 6M
- -1.99%
- YTD
- -1.09%
- 1Y
- 1.88%
- 3Y*
- 3.91%
- 5Y*
- —
- 10Y*
- —
PRAP.DE vs. CBU0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 2.44% | -3.96% | 7.69% | 3.61% |
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -1.09% | 4.57% | -0.38% | 4.77% |
Correlation
The correlation between PRAP.DE and CBU0.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.39 |
The correlation between PRAP.DE and CBU0.DE shifts across timeframes, from 0.22 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRAP.DE vs. CBU0.DE — Risk / Return Rank
PRAP.DE
CBU0.DE
PRAP.DE vs. CBU0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) and iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRAP.DE | CBU0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.07 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.43 | +1.09 |
| Martin ratioReturn relative to average drawdown | 3.88 | 1.14 | +2.75 |
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Drawdowns
PRAP.DE vs. CBU0.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, which is greater than CBU0.DE's maximum drawdown of -6.16%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and CBU0.DE.
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Drawdown Indicators
| PRAP.DE | CBU0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -6.16% | -12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -4.32% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -4.32% | -7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | — | — |
Current DrawdownCurrent decline from peak | -6.35% | -2.34% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -1.68% | -8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.65% | -0.23% |
Volatility
PRAP.DE vs. CBU0.DE - Volatility Comparison
Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) and iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) have volatilities of 1.49% and 1.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAP.DE | CBU0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.50% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 4.70% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 5.34% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 5.89% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 5.89% | +3.66% |
PRAP.DE vs. CBU0.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than CBU0.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PRAP.DE vs. CBU0.DE - Dividend Comparison
Neither PRAP.DE nor CBU0.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAP.DE and CBU0.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAP.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAP.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for CBU0.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for PRAP.DE and 0.25% for CBU0.DE.
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