GGOV.L vs. PRIG.L

Last updated Jun 4, 2026

GGOV.L (Amundi Index J.P. Morgan GBI Global Govies) and PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) are both Global Bonds funds from Amundi tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, GGOV.L returned -2.30%/yr vs -2.20%/yr for PRIG.L. A 0.70 correlation means they provide meaningful diversification when combined. GGOV.L charges 0.10%/yr vs 0.05%/yr for PRIG.L.

Performance

GGOV.L vs. PRIG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGOV.L achieves a -1.07% return, which is significantly lower than PRIG.L's -0.94% return.

GGOV.L

• 1D: -0.12%
• 1M: 0.47%
• YTD: -1.07%
• 6M: -1.86%
• 1Y: 0.56%
• 3Y*: -1.19%
• 5Y*: -2.30%
• 10Y*: —

PRIG.L

• 1D: -0.02%
• 1M: 0.59%
• YTD: -0.94%
• 6M: -1.58%
• 1Y: 1.28%
• 3Y*: -0.67%
• 5Y*: -2.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GGOV.L vs. PRIG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GGOV.L Amundi Index J.P. Morgan GBI Global Govies	-1.07%	-1.06%	-1.97%	-1.94%	-7.40%	-5.91%	6.13%	-8.77%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	-0.94%	-0.19%	-1.79%	-1.09%	-8.28%	-5.90%	5.97%	-8.55%

Correlation

The correlation between GGOV.L and PRIG.L 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	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019	0.70

Over the past year, GGOV.L and PRIG.L have become more correlated (0.96) than their long-term average of 0.70, meaning their price movements have been converging.

GGOV.L vs. PRIG.L - Sectors Allocation Comparison

Sectors	GGOV.L	PRIG.L
Financial Services	19.1%	2.6%
Technology	18.1%	86.2%
Consumer Cyclical	12.2%	-
Industrials	9.9%	-
Basic Materials	9.0%	-
Consumer Defensive	8.2%	-
Healthcare	7.4%	7.7%
Communication Services	6.0%	3.5%
Energy	5.2%	-
Utilities	3.0%	-
Real Estate	1.9%	-

Return for Risk

GGOV.L vs. PRIG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGOV.L

GGOV.L Risk / Return Rank: 10
GGOV.L Sharpe Ratio Rank: 11
GGOV.L Sortino Ratio Rank: 10
GGOV.L Omega Ratio Rank: 9
GGOV.L Calmar Ratio Rank: 10
GGOV.L Martin Ratio Rank: 10

PRIG.L

PRIG.L Risk / Return Rank: 12
PRIG.L Sharpe Ratio Rank: 13
PRIG.L Sortino Ratio Rank: 12
PRIG.L Omega Ratio Rank: 11
PRIG.L Calmar Ratio Rank: 12
PRIG.L Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGOV.L vs. PRIG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L). 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.

	GGOV.L	PRIG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.12	0.26	-0.14
Sortino ratio: Return per unit of downside risk	0.21	0.43	-0.21
Omega ratio: Gain probability vs. loss probability	1.02	1.05	-0.02
Calmar ratio: Return relative to maximum drawdown	0.12	0.29	-0.17
Martin ratio: Return relative to average drawdown	0.23	0.55	-0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGOV.L vs. PRIG.L - Sharpe Ratio Comparison

The current GGOV.L Sharpe Ratio is 0.12, which is lower than the PRIG.L Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of GGOV.L and PRIG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GGOV.L	PRIG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.26	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	-0.31	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.52	-0.12	-0.39

Drawdowns

GGOV.L vs. PRIG.L - Drawdown Comparison

The maximum GGOV.L drawdown since its inception was -25.96%, roughly equal to the maximum PRIG.L drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for GGOV.L and PRIG.L.

Drawdown Indicators

	GGOV.L	PRIG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.96%	-26.02%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-4.46%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-5.70%	-5.35%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-16.68%	-17.03%	+0.35%
Current Drawdown Current decline from peak	-24.91%	-23.89%	-1.02%
Average Drawdown Average peak-to-trough decline	-18.42%	-16.42%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	2.31%	+0.14%

Volatility

GGOV.L vs. PRIG.L - Volatility Comparison

Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) have volatilities of 1.30% and 1.34%, 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.

Volatility by Period

	GGOV.L	PRIG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	1.34%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.42%	3.53%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.66%	4.87%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.20%	7.13%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.19%	7.76%	+1.43%

GGOV.L vs. PRIG.L - Expense Ratio Comparison

GGOV.L has a 0.10% expense ratio, which is higher than PRIG.L's 0.05% 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

GGOV.L vs. PRIG.L - Dividend Comparison

GGOV.L has not paid dividends to shareholders, while PRIG.L's dividend yield for the trailing twelve months is around 2.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GGOV.L Amundi Index J.P. Morgan GBI Global Govies	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	2.99%	2.96%	2.31%	1.97%	1.72%	1.50%	1.75%	1.23%

Frequently Asked Questions

Can I hold both GGOV.L and PRIG.L in my portfolio?

With a correlation of 0.96, GGOV.L and PRIG.L 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.

Which ETF is better, GGOV.L or PRIG.L?

On fees, PRIG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGOV.L or PRIG.L?

PRIG.L is cheaper with a 0.05% expense ratio, compared with 0.10% for GGOV.L.

What is the main difference between GGOV.L and PRIG.L?

Both ETFs track Bloomberg Global Aggregate TR USD. Their fees differ too: 0.10% for GGOV.L and 0.05% for PRIG.L.