UCRP.DE vs. XGBE.DE
UCRP.DE (Amundi USD Corporate Bond ESG UCITS ETF DR (Acc)) and XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) are both Corporate Bonds funds - UCRP.DE tracks the Bloomberg MSCI US Corporate SRI Index while XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index. Both are passively managed. Over the past 5 years, UCRP.DE returned 0.91%/yr vs -0.79%/yr for XGBE.DE. At a 0.39 correlation, their price movements are largely independent. UCRP.DE charges 0.14%/yr vs 0.25%/yr for XGBE.DE.
Performance
UCRP.DE vs. XGBE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UCRP.DE achieves a 3.24% return, which is significantly higher than XGBE.DE's 1.11% return.
UCRP.DE
- 1D
- -0.16%
- 1M
- 1.82%
- 6M
- 2.96%
- YTD
- 3.24%
- 1Y
- 6.79%
- 3Y*
- 3.27%
- 5Y*
- 0.91%
- 10Y*
- —
XGBE.DE
- 1D
- -0.04%
- 1M
- 0.68%
- 6M
- 1.41%
- YTD
- 1.11%
- 1Y
- 1.81%
- 3Y*
- 4.36%
- 5Y*
- -0.79%
- 10Y*
- —
UCRP.DE vs. XGBE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCRP.DE Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) | 3.24% | -4.44% | 7.79% | 4.77% | -9.83% | 5.57% |
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 1.11% | 2.73% | 3.40% | 7.52% | -16.38% | -0.21% |
Correlation
The correlation between UCRP.DE and XGBE.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.39 |
Over the past year, the correlation between UCRP.DE and XGBE.DE has dropped to 0.18 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
UCRP.DE vs. XGBE.DE — Risk / Return Rank
UCRP.DE
XGBE.DE
UCRP.DE vs. XGBE.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 Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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 | XGBE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.10 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.69 | +1.37 |
| Martin ratioReturn relative to average drawdown | 5.77 | 2.16 | +3.61 |
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Drawdowns
UCRP.DE vs. XGBE.DE - Drawdown Comparison
The maximum UCRP.DE drawdown since its inception was -14.40%, smaller than the maximum XGBE.DE drawdown of -20.20%. Use the drawdown chart below to compare losses from any high point for UCRP.DE and XGBE.DE.
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Drawdown Indicators
| UCRP.DE | XGBE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.40% | -20.20% | +5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.29% | -2.62% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -11.27% | -2.62% | -8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.94% | -20.20% | +7.26% |
Current DrawdownCurrent decline from peak | -3.97% | -5.48% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -10.31% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.84% | +0.33% |
Volatility
UCRP.DE vs. XGBE.DE - Volatility Comparison
Amundi USD Corporate Bond ESG UCITS ETF DR (Acc) (UCRP.DE) has a higher volatility of 1.70% compared to Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) at 0.62%. This indicates that UCRP.DE's price experiences larger fluctuations and is considered to be riskier than XGBE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCRP.DE | XGBE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.62% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 2.74% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 3.22% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.35% | 5.04% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 5.03% | +4.04% |
UCRP.DE vs. XGBE.DE - Expense Ratio Comparison
UCRP.DE has a 0.14% expense ratio, which is lower than XGBE.DE's 0.25% 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
UCRP.DE vs. XGBE.DE - Dividend Comparison
Neither UCRP.DE nor XGBE.DE has paid dividends to shareholders.
Frequently Asked Questions
UCRP.DE and XGBE.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UCRP.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UCRP.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for XGBE.DE.
UCRP.DE tracks Bloomberg MSCI US Corporate SRI Index, while XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.14% for UCRP.DE and 0.25% for XGBE.DE.
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