PRAP.DE vs. CEBD.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and CEBD.DE (iShares iBonds Dec 2027 Term € Corp UCITS ETF EUR (Dist)) are both Corporate Bonds funds - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while CEBD.DE tracks the Bloomberg MSCI December 2027 Maturity EUR Corporate ESG Screened Index. Both are passively managed. Over the past year, PRAP.DE returned 5.54% vs 1.92% for CEBD.DE. At a correlation of -0.01, they often move in opposite directions. PRAP.DE charges 0.07%/yr vs 0.12%/yr for CEBD.DE.
Performance
PRAP.DE vs. CEBD.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 CEBD.DE's 0.83% 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*
- —
CEBD.DE
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 0.63%
- YTD
- 0.83%
- 1Y
- 1.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRAP.DE vs. CEBD.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% | 4.27% |
CEBD.DE iShares iBonds Dec 2027 Term € Corp UCITS ETF EUR (Dist) | 0.83% | 3.09% | 3.56% | 3.14% |
Correlation
The correlation between PRAP.DE and CEBD.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2023 | -0.01 |
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Return for Risk
PRAP.DE vs. CEBD.DE — Risk / Return Rank
PRAP.DE
CEBD.DE
PRAP.DE vs. CEBD.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 iBonds Dec 2027 Term € Corp UCITS ETF EUR (Dist) (CEBD.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 | CEBD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.09 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.55 | +0.97 |
| Martin ratioReturn relative to average drawdown | 3.88 | 1.20 | +2.68 |
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Drawdowns
PRAP.DE vs. CEBD.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, which is greater than CEBD.DE's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and CEBD.DE.
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Drawdown Indicators
| PRAP.DE | CEBD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -3.47% | -15.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -3.47% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | — | — |
Current DrawdownCurrent decline from peak | -6.35% | -1.84% | -4.51% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -0.84% | -9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.60% | -0.18% |
Volatility
PRAP.DE vs. CEBD.DE - Volatility Comparison
Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) has a higher volatility of 1.49% compared to iShares iBonds Dec 2027 Term € Corp UCITS ETF EUR (Dist) (CEBD.DE) at 0.87%. This indicates that PRAP.DE's price experiences larger fluctuations and is considered to be riskier than CEBD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAP.DE | CEBD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 0.87% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 5.13% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 5.91% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 5.33% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 5.33% | +4.22% |
PRAP.DE vs. CEBD.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than CEBD.DE's 0.12% 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. CEBD.DE - Dividend Comparison
PRAP.DE has not paid dividends to shareholders, while CEBD.DE's dividend yield for the trailing twelve months is around 2.89%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CEBD.DE iShares iBonds Dec 2027 Term € Corp UCITS ETF EUR (Dist) | 2.89% | 3.05% | 3.48% | 0.14% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRAP.DE and CEBD.DE have a correlation of -0.07, 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 0.12% for CEBD.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while CEBD.DE tracks Bloomberg MSCI December 2027 Maturity EUR Corporate ESG Screened Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for PRAP.DE and 0.12% for CEBD.DE.
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