PRAP.DE vs. IBCD.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while IBCD.DE tracks the iBoxx® USD Liquid Investment Grade. Both are passively managed. Over the past 5 years, PRAP.DE returned 0.59%/yr vs -0.03%/yr for IBCD.DE. Their correlation of 0.91 suggests significant overlap in exposure. PRAP.DE charges 0.07%/yr vs 0.20%/yr for IBCD.DE.
Performance
PRAP.DE vs. IBCD.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 IBCD.DE's 2.31% 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*
- —
IBCD.DE
- 1D
- 0.21%
- 1M
- 0.33%
- 6M
- 0.94%
- YTD
- 2.31%
- 1Y
- 5.33%
- 3Y*
- 3.70%
- 5Y*
- -0.03%
- 10Y*
- 1.74%
PRAP.DE vs. IBCD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 2.44% | -3.96% | 7.69% | 4.70% | -10.24% | 6.82% | -11.43% |
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 2.31% | -3.98% | 6.70% | 5.34% | -12.51% | 6.56% | -1.36% |
Correlation
The correlation between PRAP.DE and IBCD.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.91 |
The correlation between PRAP.DE and IBCD.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
PRAP.DE vs. IBCD.DE — Risk / Return Rank
PRAP.DE
IBCD.DE
PRAP.DE vs. IBCD.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 USD Corporate Bond UCITS ETF (Dist) (IBCD.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 | IBCD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.41 | +0.12 |
| Martin ratioReturn relative to average drawdown | 3.88 | 3.51 | +0.38 |
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Drawdowns
PRAP.DE vs. IBCD.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, smaller than the maximum IBCD.DE drawdown of -32.43%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and IBCD.DE.
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Drawdown Indicators
| PRAP.DE | IBCD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -32.43% | +13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -3.76% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -12.27% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -16.71% | +3.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.43% | — |
Current DrawdownCurrent decline from peak | -6.35% | -5.08% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -7.00% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.52% | -0.10% |
Volatility
PRAP.DE vs. IBCD.DE - Volatility Comparison
The current volatility for Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) is 1.49%, while iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a volatility of 1.60%. This indicates that PRAP.DE experiences smaller price fluctuations and is considered to be less risky than IBCD.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 | IBCD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.60% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 4.12% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 6.33% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 9.14% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 8.99% | +0.56% |
PRAP.DE vs. IBCD.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than IBCD.DE's 0.20% 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. IBCD.DE - Dividend Comparison
PRAP.DE has not paid dividends to shareholders, while IBCD.DE's dividend yield for the trailing twelve months is around 4.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.97% | 5.03% | 4.88% | 4.69% | 3.79% | 2.60% | 2.96% | 3.43% | 3.61% | 3.43% | 3.26% | 3.32% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, PRAP.DE and IBCD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.20% for IBCD.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while IBCD.DE tracks iBoxx® USD Liquid Investment Grade. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for PRAP.DE and 0.20% for IBCD.DE.
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