PSFE.DE vs. PR1C.DE
PSFE.DE (Invesco Euro Corporate Bond UCITS ETF Dist) and PR1C.DE (Amundi EUR Corporate Bond UCITS ETF DR EUR (D)) are both European Corporate Bonds funds tracking the Bloomberg Euro Corporate Bond, from Invesco and Amundi respectively. Both are passively managed. Over the past 5 years, PSFE.DE returned 0.02%/yr vs -0.04%/yr for PR1C.DE. Their correlation of 0.92 suggests significant overlap in exposure. PSFE.DE charges 0.10%/yr vs 0.07%/yr for PR1C.DE.
Performance
PSFE.DE vs. PR1C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSFE.DE achieves a 0.57% return, which is significantly lower than PR1C.DE's 0.63% return.
PSFE.DE
- 1D
- 0.11%
- 1M
- 0.29%
- YTD
- 0.57%
- 6M
- 0.52%
- 1Y
- 2.18%
- 3Y*
- 4.54%
- 5Y*
- 0.02%
- 10Y*
- —
PR1C.DE
- 1D
- 0.09%
- 1M
- 0.30%
- YTD
- 0.63%
- 6M
- 0.56%
- 1Y
- 2.23%
- 3Y*
- 4.56%
- 5Y*
- -0.04%
- 10Y*
- —
PSFE.DE vs. PR1C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PSFE.DE Invesco Euro Corporate Bond UCITS ETF Dist | 0.57% | 3.04% | 4.16% | 7.18% | -13.28% | -0.82% | 2.40% | 4.47% |
PR1C.DE Amundi EUR Corporate Bond UCITS ETF DR EUR (D) | 0.63% | 3.02% | 4.32% | 7.43% | -13.89% | -1.11% | 2.40% | 4.83% |
Correlation
The correlation between PSFE.DE and PR1C.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | 0.92 |
The correlation between PSFE.DE and PR1C.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
PSFE.DE vs. PR1C.DE — Risk / Return Rank
PSFE.DE
PR1C.DE
PSFE.DE vs. PR1C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Bond UCITS ETF Dist (PSFE.DE) and Amundi EUR Corporate Bond UCITS ETF DR EUR (D) (PR1C.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.
| PSFE.DE | PR1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.76 | -0.08 |
| Martin ratioReturn relative to average drawdown | 2.30 | 2.59 | -0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSFE.DE | PR1C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.65 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.01 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.16 | -0.01 |
Drawdowns
PSFE.DE vs. PR1C.DE - Drawdown Comparison
The maximum PSFE.DE drawdown since its inception was -17.18%, roughly equal to the maximum PR1C.DE drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for PSFE.DE and PR1C.DE.
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Drawdown Indicators
| PSFE.DE | PR1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -17.73% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.61% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -2.61% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -17.18% | -17.73% | +0.55% |
Current DrawdownCurrent decline from peak | -1.40% | -1.67% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -5.51% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 0.77% | +0.03% |
Volatility
PSFE.DE vs. PR1C.DE - Volatility Comparison
Invesco Euro Corporate Bond UCITS ETF Dist (PSFE.DE) has a higher volatility of 1.19% compared to Amundi EUR Corporate Bond UCITS ETF DR EUR (D) (PR1C.DE) at 1.07%. This indicates that PSFE.DE's price experiences larger fluctuations and is considered to be riskier than PR1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSFE.DE | PR1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.07% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.69% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 3.07% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.38% | 4.43% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 5.08% | -0.43% |
PSFE.DE vs. PR1C.DE - Expense Ratio Comparison
PSFE.DE has a 0.10% expense ratio, which is higher than PR1C.DE's 0.07% 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
PSFE.DE vs. PR1C.DE - Dividend Comparison
PSFE.DE's dividend yield for the trailing twelve months is around 3.29%, more than PR1C.DE's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PR1C.DE Amundi EUR Corporate Bond UCITS ETF DR EUR (D) | 2.54% | 2.55% | 2.19% | 1.80% | 1.44% | 1.32% | 1.38% | 1.01% | 0.00% |
PSFE.DE Invesco Euro Corporate Bond UCITS ETF Dist | 3.29% | 3.32% | 3.50% | 2.97% | 1.00% | 0.54% | 0.77% | 0.71% | 0.58% |
Frequently Asked Questions
With a correlation of 0.96, PSFE.DE and PR1C.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, PR1C.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1C.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for PSFE.DE.
Both ETFs track Bloomberg Euro Corporate Bond. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.10% for PSFE.DE and 0.07% for PR1C.DE.
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