XGBE.DE vs. PRAP.DE
XGBE.DE (Xtrackers EUR Corporate Green Bond UCITS ETF (Acc)) and PRAP.DE (Amundi Core USD Corporate Bond UCITS ETF (Acc)) are both Corporate Bonds funds - XGBE.DE tracks the Bloomberg MSCI EUR Corporate and Agency Green Bond Index while PRAP.DE tracks the Bloomberg US Corporate Liquid Issuer Index. Both are passively managed. Over the past 5 years, XGBE.DE returned -0.79%/yr vs 0.94%/yr for PRAP.DE. At a 0.40 correlation, their price movements are largely independent. XGBE.DE charges 0.25%/yr vs 0.07%/yr for PRAP.DE.
Performance
XGBE.DE vs. PRAP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGBE.DE achieves a 1.11% return, which is significantly lower than PRAP.DE's 3.31% return.
XGBE.DE
- 1D
- -0.04%
- 1M
- 0.68%
- 6M
- 1.41%
- YTD
- 1.11%
- 1Y
- 1.81%
- 3Y*
- 4.36%
- 5Y*
- -0.79%
- 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*
- —
XGBE.DE vs. PRAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XGBE.DE Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) | 1.11% | 2.73% | 3.40% | 7.52% | -16.38% | -0.21% |
PRAP.DE Amundi Core USD Corporate Bond UCITS ETF (Acc) | 3.31% | -3.96% | 7.69% | 4.70% | -10.24% | 5.69% |
Correlation
The correlation between XGBE.DE and PRAP.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2021 | 0.40 |
The correlation between XGBE.DE and PRAP.DE shifts across timeframes, from 0.33 (1 year) to 0.44 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XGBE.DE vs. PRAP.DE — Risk / Return Rank
XGBE.DE
PRAP.DE
XGBE.DE vs. PRAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.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.
| XGBE.DE | PRAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.95 | -1.27 |
| Martin ratioReturn relative to average drawdown | 2.16 | 5.14 | -2.98 |
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Drawdowns
XGBE.DE vs. PRAP.DE - Drawdown Comparison
The maximum XGBE.DE drawdown since its inception was -20.20%, which is greater than PRAP.DE's maximum drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for XGBE.DE and PRAP.DE.
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Drawdown Indicators
| XGBE.DE | PRAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.20% | -18.71% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -3.62% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | -11.80% | +9.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.20% | -13.30% | -6.90% |
Current DrawdownCurrent decline from peak | -5.48% | -5.56% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -10.15% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.38% | -0.54% |
Volatility
XGBE.DE vs. PRAP.DE - Volatility Comparison
The current volatility for Xtrackers EUR Corporate Green Bond UCITS ETF (Acc) (XGBE.DE) is 0.62%, while Amundi Core USD Corporate Bond UCITS ETF (Acc) (PRAP.DE) has a volatility of 1.73%. This indicates that XGBE.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
| XGBE.DE | PRAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.73% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 4.18% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 6.18% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 8.34% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 9.57% | -4.54% |
XGBE.DE vs. PRAP.DE - Expense Ratio Comparison
XGBE.DE has a 0.25% 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
XGBE.DE vs. PRAP.DE - Dividend Comparison
Neither XGBE.DE nor PRAP.DE has paid dividends to shareholders.
Frequently Asked Questions
XGBE.DE and PRAP.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for XGBE.DE.
XGBE.DE tracks Bloomberg MSCI EUR Corporate and Agency Green Bond Index, while PRAP.DE tracks Bloomberg US Corporate Liquid Issuer Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XGBE.DE and 0.07% for PRAP.DE.
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