PRAP.DE vs. QDVY.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and QDVY.DE (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while QDVY.DE tracks the Bloomberg US Floating Rate Notes 1-5. Both are passively managed. Over the past 5 years, PRAP.DE returned 0.94%/yr vs 5.09%/yr for QDVY.DE. A 0.56 correlation means they provide meaningful diversification when combined. PRAP.DE charges 0.07%/yr vs 0.10%/yr for QDVY.DE.
Performance
PRAP.DE vs. QDVY.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 lower than QDVY.DE's 5.04% 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*
- —
QDVY.DE
- 1D
- 0.23%
- 1M
- 1.85%
- 6M
- 4.80%
- YTD
- 5.04%
- 1Y
- 7.69%
- 3Y*
- 3.93%
- 5Y*
- 5.09%
- 10Y*
- —
PRAP.DE vs. QDVY.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% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 5.04% | -6.57% | 12.71% | 2.90% | 7.46% | 9.00% | -9.11% |
Correlation
The correlation between PRAP.DE and QDVY.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.56 |
The correlation between PRAP.DE and QDVY.DE has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
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Return for Risk
PRAP.DE vs. QDVY.DE — Risk / Return Rank
PRAP.DE
QDVY.DE
PRAP.DE vs. QDVY.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 Floating Rate Bond UCITS ETF (QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.38 | -0.43 |
| Martin ratioReturn relative to average drawdown | 5.14 | 5.76 | -0.62 |
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Drawdowns
PRAP.DE vs. QDVY.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, roughly equal to the maximum QDVY.DE drawdown of -19.19%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and QDVY.DE.
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Drawdown Indicators
| PRAP.DE | QDVY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -19.19% | +0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -3.21% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -11.29% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -11.29% | -2.01% |
Current DrawdownCurrent decline from peak | -5.56% | -4.24% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -7.36% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.33% | +0.05% |
Volatility
PRAP.DE vs. QDVY.DE - Volatility Comparison
The current volatility for Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) is 1.73%, while iShares USD Floating Rate Bond UCITS ETF (QDVY.DE) has a volatility of 1.97%. This indicates that PRAP.DE experiences smaller price fluctuations and is considered to be less risky than QDVY.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 | QDVY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.97% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 4.37% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 6.11% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 7.84% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.57% | 9.02% | +0.55% |
PRAP.DE vs. QDVY.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than QDVY.DE's 0.10% 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. QDVY.DE - Dividend Comparison
PRAP.DE has not paid dividends to shareholders, while QDVY.DE's dividend yield for the trailing twelve months is around 4.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDVY.DE iShares USD Floating Rate Bond UCITS ETF | 4.61% | 5.18% | 5.89% | 5.61% | 1.50% | 0.57% | 1.75% | 2.94% | 2.20% | 0.47% |
Frequently Asked Questions
PRAP.DE and QDVY.DE have a correlation of 0.52, 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 0.10% for QDVY.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while QDVY.DE tracks Bloomberg US Floating Rate Notes 1-5. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for PRAP.DE and 0.10% for QDVY.DE.
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