PRAP.DE vs. UCRP.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and UCRP.DE (Amundi USD Corporate Bond ESG UCITS ETF DR (Acc)) are both Corporate Bonds funds from Amundi - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while UCRP.DE tracks the Bloomberg MSCI US Corporate SRI Index. Both are passively managed. Over the past 5 years, PRAP.DE returned 0.57%/yr vs 0.65%/yr for UCRP.DE. Their correlation of 0.91 suggests significant overlap in exposure. PRAP.DE charges 0.07%/yr vs 0.14%/yr for UCRP.DE.
Performance
PRAP.DE vs. UCRP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAP.DE achieves a 2.33% return, which is significantly lower than UCRP.DE's 2.67% return.
PRAP.DE
- 1D
- 0.21%
- 1M
- 0.27%
- 6M
- 0.96%
- YTD
- 2.33%
- 1Y
- 6.08%
- 3Y*
- 4.04%
- 5Y*
- 0.57%
- 10Y*
- —
UCRP.DE
- 1D
- 0.24%
- 1M
- 0.57%
- 6M
- 1.53%
- YTD
- 2.67%
- 1Y
- 5.86%
- 3Y*
- 4.05%
- 5Y*
- 0.65%
- 10Y*
- —
PRAP.DE vs. UCRP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 2.33% | -3.96% | 7.69% | 4.70% | -10.24% | 6.82% | -11.43% |
UCRP.DE Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) | 2.67% | -4.44% | 7.79% | 4.77% | -9.83% | 6.55% | -2.40% |
Correlation
The correlation between PRAP.DE and UCRP.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.91 |
The correlation between PRAP.DE and UCRP.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. UCRP.DE — Risk / Return Rank
PRAP.DE
UCRP.DE
PRAP.DE vs. UCRP.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 USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.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 | UCRP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.77 | -0.10 |
| Martin ratioReturn relative to average drawdown | 4.29 | 4.87 | -0.58 |
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Drawdowns
PRAP.DE vs. UCRP.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, which is greater than UCRP.DE's maximum drawdown of -14.40%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and UCRP.DE.
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Drawdown Indicators
| PRAP.DE | UCRP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -14.40% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -3.29% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -11.27% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -12.94% | -0.36% |
Current DrawdownCurrent decline from peak | -6.45% | -4.50% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -5.31% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.20% | +0.21% |
Volatility
PRAP.DE vs. UCRP.DE - Volatility Comparison
Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) has a higher volatility of 1.85% compared to Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.DE) at 1.75%. This indicates that PRAP.DE's price experiences larger fluctuations and is considered to be riskier than UCRP.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 | UCRP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.75% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 3.90% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 5.72% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 8.35% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 9.06% | +0.49% |
PRAP.DE vs. UCRP.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than UCRP.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. UCRP.DE - Dividend Comparison
Neither PRAP.DE nor UCRP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, PRAP.DE and UCRP.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 0.14% for UCRP.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while UCRP.DE tracks Bloomberg MSCI US Corporate SRI Index. Their fees differ too: 0.07% for PRAP.DE and 0.14% for UCRP.DE.
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