PRAP.DE vs. PR1P.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and PR1P.DE (Amundi Prime US Corporates UCITS ETF DR (D)) are both Corporate Bonds funds from Amundi - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while PR1P.DE tracks the Solactive USD Investment Grade Corporate. Both are passively managed. Over the past 5 years, PRAP.DE returned 0.94%/yr vs 0.94%/yr for PR1P.DE. With a 0.95 correlation, they move nearly in lockstep. PRAP.DE charges 0.07%/yr vs 0.05%/yr for PR1P.DE.
Performance
PRAP.DE vs. PR1P.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PRAP.DE having a 3.31% return and PR1P.DE slightly lower at 3.26%.
PRAP.DE
- 1D
- -0.05%
- 1M
- 1.93%
- 6M
- 3.54%
- YTD
- 3.31%
- 1Y
- 7.09%
- 3Y*
- 3.45%
- 5Y*
- 0.94%
- 10Y*
- —
PR1P.DE
- 1D
- -0.06%
- 1M
- 1.97%
- 6M
- 3.53%
- YTD
- 3.26%
- 1Y
- 7.05%
- 3Y*
- 3.44%
- 5Y*
- 0.94%
- 10Y*
- —
PRAP.DE vs. PR1P.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% |
PR1P.DE Amundi Prime US Corporates UCITS ETF DR (D) | 3.26% | -3.91% | 7.64% | 4.76% | -10.23% | 6.43% | -1.33% |
Correlation
The correlation between PRAP.DE and PR1P.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.95 |
The correlation between PRAP.DE and PR1P.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
PRAP.DE vs. PR1P.DE — Risk / Return Rank
PRAP.DE
PR1P.DE
PRAP.DE vs. PR1P.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 Prime US Corporates UCITS ETF DR (D) (PR1P.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 | PR1P.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.97 | -0.02 |
| Martin ratioReturn relative to average drawdown | 5.14 | 5.07 | +0.07 |
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Drawdowns
PRAP.DE vs. PR1P.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, roughly equal to the maximum PR1P.DE drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and PR1P.DE.
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Drawdown Indicators
| PRAP.DE | PR1P.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -19.63% | +0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -3.56% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -11.79% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -13.44% | +0.14% |
Current DrawdownCurrent decline from peak | -5.56% | -3.60% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -7.77% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.39% | -0.01% |
Volatility
PRAP.DE vs. PR1P.DE - Volatility Comparison
Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) and Amundi Prime US Corporates UCITS ETF DR (D) (PR1P.DE) have volatilities of 1.73% and 1.76%, 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 | PR1P.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.76% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 4.26% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 6.23% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 8.30% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 10.32% | -0.75% |
PRAP.DE vs. PR1P.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is higher than PR1P.DE's 0.05% expense ratio. However, 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. PR1P.DE - Dividend Comparison
PRAP.DE has not paid dividends to shareholders, while PR1P.DE's dividend yield for the trailing twelve months is around 4.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PR1P.DE Amundi Prime US Corporates UCITS ETF DR (D) | 4.59% | 4.74% | 4.35% | 4.14% | 4.21% | 3.33% | 3.35% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, PRAP.DE and PR1P.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, PR1P.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1P.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for PRAP.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while PR1P.DE tracks Solactive USD Investment Grade Corporate. Their fees differ too: 0.07% for PRAP.DE and 0.05% for PR1P.DE.
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