PRAP.DE vs. FRNE.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and FRNE.DE (Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF) are both Corporate Bonds funds from Amundi - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while FRNE.DE tracks the iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. Both are passively managed. Over the past 5 years, PRAP.DE returned 0.94%/yr vs 2.21%/yr for FRNE.DE. At a correlation of -0.01, they often move in opposite directions. PRAP.DE charges 0.07%/yr vs 0.18%/yr for FRNE.DE.
Performance
PRAP.DE vs. FRNE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAP.DE achieves a 3.31% return, which is significantly higher than FRNE.DE's 1.22% return.
PRAP.DE
- 1D
- -0.05%
- 1M
- 1.93%
- 6M
- 3.54%
- YTD
- 3.31%
- 1Y
- 7.09%
- 3Y*
- 3.45%
- 5Y*
- 0.94%
- 10Y*
- —
FRNE.DE
- 1D
- -0.01%
- 1M
- 0.21%
- 6M
- 1.23%
- YTD
- 1.22%
- 1Y
- 2.46%
- 3Y*
- 3.52%
- 5Y*
- 2.21%
- 10Y*
- 1.05%
PRAP.DE vs. FRNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 3.31% | -3.96% | 7.69% | 4.70% | -10.24% | 6.82% | -11.43% |
FRNE.DE Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF | 1.22% | 2.63% | 4.47% | 3.62% | -0.49% | -0.38% | -0.02% |
Correlation
The correlation between PRAP.DE and FRNE.DE is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | -0.01 |
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Return for Risk
PRAP.DE vs. FRNE.DE — Risk / Return Rank
PRAP.DE
FRNE.DE
PRAP.DE vs. FRNE.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 Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.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 | FRNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.49 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 9.43 | -7.48 |
| Martin ratioReturn relative to average drawdown | 5.14 | 40.44 | -35.30 |
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Drawdowns
PRAP.DE vs. FRNE.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, which is greater than FRNE.DE's maximum drawdown of -6.19%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and FRNE.DE.
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Drawdown Indicators
| PRAP.DE | FRNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -6.19% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -0.26% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -0.50% | -11.30% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -1.43% | -11.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.19% | — |
Current DrawdownCurrent decline from peak | -5.56% | -0.01% | -5.55% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -0.52% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.06% | +1.32% |
Volatility
PRAP.DE vs. FRNE.DE - Volatility Comparison
Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) has a higher volatility of 1.73% compared to Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF (FRNE.DE) at 0.20%. This indicates that PRAP.DE's price experiences larger fluctuations and is considered to be riskier than FRNE.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 | FRNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 0.20% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 0.90% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 1.08% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 1.15% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 1.44% | +8.13% |
PRAP.DE vs. FRNE.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than FRNE.DE's 0.18% 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. FRNE.DE - Dividend Comparison
Neither PRAP.DE nor FRNE.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAP.DE and FRNE.DE have a correlation of 0.05, 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 0.18% for FRNE.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while FRNE.DE tracks iBoxx MSCI ESG EUR FRN Investment Grade Corporates TCA Index. Their fees differ too: 0.07% for PRAP.DE and 0.18% for FRNE.DE.
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