PRAP.DE vs. XDGE.DE
PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) and XDGE.DE (Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist)) are both Corporate Bonds funds - PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index while XDGE.DE tracks the Bloomberg USD Liquid Investment Grade Corporate Index (EUR Hedged). Both are passively managed. Over the past 5 years, PRAP.DE returned 0.57%/yr vs -2.74%/yr for XDGE.DE. At a 0.46 correlation, their price movements are largely independent. PRAP.DE charges 0.07%/yr vs 0.21%/yr for XDGE.DE.
Performance
PRAP.DE vs. XDGE.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 higher than XDGE.DE's -1.50% 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*
- —
XDGE.DE
- 1D
- 0.10%
- 1M
- -1.36%
- 6M
- -1.88%
- YTD
- -1.50%
- 1Y
- 2.29%
- 3Y*
- 2.36%
- 5Y*
- -2.74%
- 10Y*
- -0.00%
PRAP.DE vs. XDGE.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% |
XDGE.DE Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) | -1.50% | 5.66% | -0.80% | 6.42% | -19.81% | -2.73% | 7.67% |
Correlation
The correlation between PRAP.DE and XDGE.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.46 |
The correlation between PRAP.DE and XDGE.DE has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
PRAP.DE vs. XDGE.DE — Risk / Return Rank
PRAP.DE
XDGE.DE
PRAP.DE vs. XDGE.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 Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) (XDGE.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 | XDGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.08 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.62 | +1.05 |
| Martin ratioReturn relative to average drawdown | 4.29 | 1.46 | +2.83 |
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Drawdowns
PRAP.DE vs. XDGE.DE - Drawdown Comparison
The maximum PRAP.DE drawdown since its inception was -18.71%, smaller than the maximum XDGE.DE drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for PRAP.DE and XDGE.DE.
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Drawdown Indicators
| PRAP.DE | XDGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -27.36% | +8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -3.66% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.80% | -8.34% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -26.98% | +13.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.36% | — |
Current DrawdownCurrent decline from peak | -6.45% | -14.53% | +8.08% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -9.16% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.56% | -0.15% |
Volatility
PRAP.DE vs. XDGE.DE - Volatility Comparison
Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) has a higher volatility of 1.85% compared to Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) (XDGE.DE) at 1.21%. This indicates that PRAP.DE's price experiences larger fluctuations and is considered to be riskier than XDGE.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 | XDGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.21% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 4.07% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.16% | 5.46% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 8.40% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 8.03% | +1.52% |
PRAP.DE vs. XDGE.DE - Expense Ratio Comparison
PRAP.DE has a 0.07% expense ratio, which is lower than XDGE.DE's 0.21% 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. XDGE.DE - Dividend Comparison
PRAP.DE has not paid dividends to shareholders, while XDGE.DE's dividend yield for the trailing twelve months is around 4.64%.
| 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% |
XDGE.DE Xtrackers USD Corporate Bond UCITS ETF EUR Hedged (Dist) | 4.64% | 4.71% | 5.47% | 3.79% | 7.81% | 3.10% | 4.79% | 2.91% | 2.56% | 1.70% |
Frequently Asked Questions
PRAP.DE and XDGE.DE have a correlation of 0.45, 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 0.21% for XDGE.DE.
PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index, while XDGE.DE tracks Bloomberg USD Liquid Investment Grade Corporate Index (EUR Hedged). They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.07% for PRAP.DE and 0.21% for XDGE.DE.
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