VUCE.DE vs. PRAP.DE
VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) and PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds - VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD while PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index. Both are passively managed. Over the past 5 years, VUCE.DE returned 0.88%/yr vs 0.57%/yr for PRAP.DE. Their correlation of 0.92 suggests significant overlap in exposure. VUCE.DE charges 0.09%/yr vs 0.07%/yr for PRAP.DE.
Performance
VUCE.DE vs. PRAP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUCE.DE achieves a 2.88% return, which is significantly higher than PRAP.DE's 2.33% return.
VUCE.DE
- 1D
- 0.24%
- 1M
- 0.75%
- 6M
- 1.46%
- YTD
- 2.88%
- 1Y
- 6.27%
- 3Y*
- 4.41%
- 5Y*
- 0.88%
- 10Y*
- —
PRAP.DE
- 1D
- 0.21%
- 1M
- 0.27%
- 6M
- 0.96%
- YTD
- 2.33%
- 1Y
- 6.08%
- 3Y*
- 4.04%
- 5Y*
- 0.57%
- 10Y*
- —
VUCE.DE vs. PRAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating | 2.88% | -4.18% | 8.59% | 4.44% | -9.55% | 7.07% | -2.48% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 2.33% | -3.96% | 7.69% | 4.70% | -10.24% | 6.82% | -11.43% |
Correlation
The correlation between VUCE.DE and PRAP.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
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 | 0.92 |
The correlation between VUCE.DE and PRAP.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
VUCE.DE vs. PRAP.DE — Risk / Return Rank
VUCE.DE
PRAP.DE
VUCE.DE vs. PRAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.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.
| VUCE.DE | PRAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.67 | +0.26 |
| Martin ratioReturn relative to average drawdown | 5.08 | 4.29 | +0.79 |
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Drawdowns
VUCE.DE vs. PRAP.DE - Drawdown Comparison
The maximum VUCE.DE drawdown since its inception was -13.03%, smaller than the maximum PRAP.DE drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for VUCE.DE and PRAP.DE.
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Drawdown Indicators
| VUCE.DE | PRAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.03% | -18.71% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -3.62% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | -11.80% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.75% | -13.30% | +0.55% |
Current DrawdownCurrent decline from peak | -3.94% | -6.45% | +2.51% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -10.13% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.41% | -0.18% |
Volatility
VUCE.DE vs. PRAP.DE - Volatility Comparison
The current volatility for Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) is 1.73%, while Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) has a volatility of 1.85%. This indicates that VUCE.DE experiences smaller price fluctuations and is considered to be less risky than PRAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUCE.DE | PRAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.85% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 4.14% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 6.16% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.97% | 8.34% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.14% | 9.55% | -0.41% |
VUCE.DE vs. PRAP.DE - Expense Ratio Comparison
VUCE.DE has a 0.09% 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
VUCE.DE vs. PRAP.DE - Dividend Comparison
Neither VUCE.DE nor PRAP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, VUCE.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 0.09% for VUCE.DE.
VUCE.DE tracks Bloomberg Global Aggregate Corporate USD, while PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.09% for VUCE.DE and 0.07% for PRAP.DE.
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