PRIP.L vs. USCR.L

Last updated Jun 4, 2026

PRIP.L (Amundi Prime US Corporates UCITS ETF DR (D)) and USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from Amundi and State Street respectively. Both are passively managed. Over the past year, PRIP.L returned 1.83% vs 6.36% for USCR.L. Their correlation of 0.80 suggests significant overlap in exposure. PRIP.L charges 0.05%/yr vs 0.15%/yr for USCR.L.

Performance

PRIP.L vs. USCR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.L) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRIP.L is traded in GBp, while USCR.L is traded in USD. To make them comparable, the USCR.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRIP.L achieves a -0.05% return, which is significantly lower than USCR.L's 0.29% return.

PRIP.L

• 1D: -0.13%
• 1M: 1.71%
• YTD: -0.05%
• 6M: -5.09%
• 1Y: 1.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USCR.L

• 1D: -0.09%
• 1M: 1.08%
• YTD: 0.29%
• 6M: -0.24%
• 1Y: 6.36%
• 3Y*: 2.39%
• 5Y*: 1.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRIP.L vs. USCR.L - Yearly Performance Comparison

	2026 (YTD)	2025
PRIP.L Amundi Prime US Corporates UCITS ETF DR (D)	-0.05%	0.86%
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	0.29%	6.06%

Correlation

The correlation between PRIP.L and USCR.L is 0.79, 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	0.79
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.80

The correlation between PRIP.L and USCR.L has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

PRIP.L vs. USCR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRIP.L

PRIP.L Risk / Return Rank: 11
PRIP.L Sharpe Ratio Rank: 12
PRIP.L Sortino Ratio Rank: 11
PRIP.L Omega Ratio Rank: 12
PRIP.L Calmar Ratio Rank: 11
PRIP.L Martin Ratio Rank: 11

USCR.L

USCR.L Risk / Return Rank: 37
USCR.L Sharpe Ratio Rank: 35
USCR.L Sortino Ratio Rank: 35
USCR.L Omega Ratio Rank: 34
USCR.L Calmar Ratio Rank: 42
USCR.L Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRIP.L vs. USCR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.L) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L). 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.

	PRIP.L	USCR.L	Difference
Sharpe ratio: Return per unit of total volatility	0.23	0.96	-0.72
Sortino ratio: Return per unit of downside risk	0.34	1.39	-1.05
Omega ratio: Gain probability vs. loss probability	1.05	1.17	-0.12
Calmar ratio: Return relative to maximum drawdown	0.20	1.26	-1.06
Martin ratio: Return relative to average drawdown	0.37	3.19	-2.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRIP.L vs. USCR.L - Sharpe Ratio Comparison

The current PRIP.L Sharpe Ratio is 0.23, which is lower than the USCR.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of PRIP.L and USCR.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRIP.L	USCR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.96	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	-0.04	+0.13

Drawdowns

PRIP.L vs. USCR.L - Drawdown Comparison

The maximum PRIP.L drawdown since its inception was -9.14%, smaller than the maximum USCR.L drawdown of -14.00%. Use the drawdown chart below to compare losses from any high point for PRIP.L and USCR.L.

Drawdown Indicators

	PRIP.L	USCR.L	Difference
Max Drawdown Largest peak-to-trough decline	-9.14%	-14.00%	+4.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-5.25%	-3.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.77%	—
Current Drawdown Current decline from peak	-6.78%	-3.14%	-3.64%
Average Drawdown Average peak-to-trough decline	-3.49%	-6.72%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	2.08%	+2.87%

Volatility

PRIP.L vs. USCR.L - Volatility Comparison

The current volatility for Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.L) is 1.68%, while SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) has a volatility of 2.06%. This indicates that PRIP.L experiences smaller price fluctuations and is considered to be less risky than USCR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIP.L	USCR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.68%	2.06%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	5.59%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	7.82%	6.93%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.90%	9.47%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.90%	9.39%	-1.49%

PRIP.L vs. USCR.L - Expense Ratio Comparison

PRIP.L has a 0.05% expense ratio, which is lower than USCR.L's 0.15% 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

PRIP.L vs. USCR.L - Dividend Comparison

Neither PRIP.L nor USCR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PRIP.L and USCR.L in my portfolio?

PRIP.L and USCR.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRIP.L or USCR.L?

On fees, PRIP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRIP.L or USCR.L?

PRIP.L is cheaper with a 0.05% expense ratio, compared with 0.15% for USCR.L.

What is the main difference between PRIP.L and USCR.L?

Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.05% for PRIP.L and 0.15% for USCR.L.