UCRP.DE vs. PRAP.DE
UCRP.DE (Amundi USD Corporate Bond ESG UCITS ETF DR (Acc)) and PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds from Amundi - UCRP.DE tracks the Bloomberg MSCI US Corporate SRI Index while PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index. Both are passively managed. Over the past 5 years, UCRP.DE returned 0.91%/yr vs 0.94%/yr for PRAP.DE. Their correlation of 0.91 suggests significant overlap in exposure. UCRP.DE charges 0.14%/yr vs 0.07%/yr for PRAP.DE.
Performance
UCRP.DE vs. PRAP.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UCRP.DE having a 3.24% return and PRAP.DE slightly higher at 3.31%.
UCRP.DE
- 1D
- -0.16%
- 1M
- 1.82%
- 6M
- 2.96%
- YTD
- 3.24%
- 1Y
- 6.79%
- 3Y*
- 3.27%
- 5Y*
- 0.91%
- 10Y*
- —
PRAP.DE
- 1D
- -0.05%
- 1M
- 1.93%
- 6M
- 3.54%
- YTD
- 3.31%
- 1Y
- 7.09%
- 3Y*
- 3.45%
- 5Y*
- 0.94%
- 10Y*
- —
UCRP.DE vs. PRAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UCRP.DE Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) | 3.24% | -4.44% | 7.79% | 4.77% | -9.83% | 6.55% | -2.40% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 3.31% | -3.96% | 7.69% | 4.70% | -10.24% | 6.82% | -11.43% |
Correlation
The correlation between UCRP.DE and PRAP.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 UCRP.DE and PRAP.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
UCRP.DE vs. PRAP.DE — Risk / Return Rank
UCRP.DE
PRAP.DE
UCRP.DE vs. PRAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.DE) and Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.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.
| UCRP.DE | PRAP.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 | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.95 | +0.10 |
| Martin ratioReturn relative to average drawdown | 5.77 | 5.14 | +0.63 |
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Drawdowns
UCRP.DE vs. PRAP.DE - Drawdown Comparison
The maximum UCRP.DE drawdown since its inception was -14.40%, smaller than the maximum PRAP.DE drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for UCRP.DE and PRAP.DE.
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Drawdown Indicators
| UCRP.DE | PRAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.40% | -18.71% | +4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -3.62% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -11.27% | -11.80% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -12.94% | -13.30% | +0.36% |
Current DrawdownCurrent decline from peak | -3.97% | -5.56% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -10.15% | +4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.38% | -0.21% |
Volatility
UCRP.DE vs. PRAP.DE - Volatility Comparison
Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.DE) and Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) have volatilities of 1.70% and 1.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCRP.DE | PRAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.73% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 4.18% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 6.18% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.35% | 8.34% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 9.57% | -0.50% |
UCRP.DE vs. PRAP.DE - Expense Ratio Comparison
UCRP.DE has a 0.14% expense ratio, which is higher than PRAP.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
UCRP.DE vs. PRAP.DE - Dividend Comparison
Neither UCRP.DE nor PRAP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, UCRP.DE and PRAP.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.
UCRP.DE tracks Bloomberg MSCI US Corporate SRI Index, while PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index. Their fees differ too: 0.14% for UCRP.DE and 0.07% for PRAP.DE.
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