PRAP.DE vs. LYEB.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and LYEB.DE (Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc)) are both Corporate Bonds funds from Amundi - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while LYEB.DE tracks the Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index. Both are passively managed. Over the past 5 years, PRAP.DE returned 0.94%/yr vs -0.03%/yr for LYEB.DE. At a 0.38 correlation, their price movements are largely independent. PRAP.DE charges 0.07%/yr vs 0.14%/yr for LYEB.DE.
Performance
PRAP.DE vs. LYEB.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 LYEB.DE's 1.19% 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*
- —
LYEB.DE
- 1D
- -0.06%
- 1M
- 0.82%
- 6M
- 1.32%
- YTD
- 1.19%
- 1Y
- 1.93%
- 3Y*
- 4.64%
- 5Y*
- -0.03%
- 10Y*
- 0.71%
PRAP.DE vs. LYEB.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% |
LYEB.DE Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) | 1.19% | 2.75% | 4.14% | 7.04% | -13.33% | -1.08% | 2.13% |
Correlation
The correlation between PRAP.DE and LYEB.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.38 |
The correlation between PRAP.DE and LYEB.DE shifts across timeframes, from 0.35 (1 year) to 0.46 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRAP.DE vs. LYEB.DE — Risk / Return Rank
PRAP.DE
LYEB.DE
PRAP.DE vs. LYEB.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 Corporate Bond Climate Paris Aligned UCITS ETF (Acc) (LYEB.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 | LYEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.72 | +1.23 |
| Martin ratioReturn relative to average drawdown | 5.14 | 2.38 | +2.76 |
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Drawdowns
PRAP.DE vs. LYEB.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, which is greater than LYEB.DE's maximum drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and LYEB.DE.
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Drawdown Indicators
| PRAP.DE | LYEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -17.06% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -2.67% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -2.67% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -17.06% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.06% | — |
Current DrawdownCurrent decline from peak | -5.56% | -1.21% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -2.74% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.81% | +0.57% |
Volatility
PRAP.DE vs. LYEB.DE - Volatility Comparison
Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) has a higher volatility of 1.73% compared to Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) (LYEB.DE) at 0.61%. This indicates that PRAP.DE's price experiences larger fluctuations and is considered to be riskier than LYEB.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 | LYEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 0.61% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 2.60% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 3.00% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 4.34% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 4.31% | +5.26% |
PRAP.DE vs. LYEB.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than LYEB.DE's 0.14% 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. LYEB.DE - Dividend Comparison
Neither PRAP.DE nor LYEB.DE has paid dividends to shareholders.
Frequently Asked Questions
PRAP.DE and LYEB.DE have a correlation of 0.35, 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 0.14% for LYEB.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while LYEB.DE tracks Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index. Their fees differ too: 0.07% for PRAP.DE and 0.14% for LYEB.DE.
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