GILS.L vs. PRIR.L

Last updated Jun 5, 2026

GILS.L (Lyxor Core UK Government Bond (DR) UCITS ETF - Dist) and PRIR.L (Amundi Prime Euro Govies UCITS ETF DR (D)) are both European Government Bonds funds - GILS.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks while PRIR.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, GILS.L returned -6.53%/yr vs -2.07%/yr for PRIR.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.05% expense ratio.

Performance

GILS.L vs. PRIR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) and Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GILS.L achieves a -1.13% return, which is significantly lower than PRIR.L's -0.78% return.

GILS.L

• 1D: 0.22%
• 1M: 1.40%
• YTD: -1.13%
• 6M: -4.27%
• 1Y: -0.95%
• 3Y*: -0.26%
• 5Y*: -6.53%
• 10Y*: -3.33%

PRIR.L

• 1D: 0.24%
• 1M: 0.90%
• YTD: -0.78%
• 6M: -0.88%
• 1Y: 2.66%
• 3Y*: 2.43%
• 5Y*: -2.07%
• 10Y*: —

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

GILS.L vs. PRIR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist	-1.13%	1.70%	-5.79%	1.51%	-25.53%	-6.84%	5.96%	2.77%
PRIR.L Amundi Prime Euro Govies UCITS ETF DR (D)	-0.78%	5.74%	-3.03%	4.65%	-13.31%	-10.41%	10.86%	3.33%

Correlation

The correlation between GILS.L and PRIR.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019	0.35

The correlation between GILS.L and PRIR.L shifts across timeframes, from 0.35 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GILS.L vs. PRIR.L — Risk / Return Rank

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

GILS.L

GILS.L Risk / Return Rank: 7
GILS.L Sharpe Ratio Rank: 8
GILS.L Sortino Ratio Rank: 7
GILS.L Omega Ratio Rank: 7
GILS.L Calmar Ratio Rank: 8
GILS.L Martin Ratio Rank: 7

PRIR.L

PRIR.L Risk / Return Rank: 16
PRIR.L Sharpe Ratio Rank: 17
PRIR.L Sortino Ratio Rank: 16
PRIR.L Omega Ratio Rank: 15
PRIR.L Calmar Ratio Rank: 17
PRIR.L Martin Ratio Rank: 15

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.

GILS.L vs. PRIR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) and Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.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.

	GILS.L	PRIR.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	0.49	-0.63
Sortino ratio: Return per unit of downside risk	-0.14	0.74	-0.88
Omega ratio: Gain probability vs. loss probability	0.98	1.08	-0.10
Calmar ratio: Return relative to maximum drawdown	-0.15	0.59	-0.74
Martin ratio: Return relative to average drawdown	-0.34	1.36	-1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GILS.L vs. PRIR.L - Sharpe Ratio Comparison

The current GILS.L Sharpe Ratio is -0.14, which is lower than the PRIR.L Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of GILS.L and PRIR.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

	GILS.L	PRIR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	0.49	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.65	-0.31	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	-0.12	+0.13

Drawdowns

GILS.L vs. PRIR.L - Drawdown Comparison

The maximum GILS.L drawdown since its inception was -38.75%, which is greater than PRIR.L's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for GILS.L and PRIR.L.

Drawdown Indicators

	GILS.L	PRIR.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.75%	-25.98%	-12.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-4.70%	-1.53%
Max Drawdown (3Y) Largest decline over 3 years	-9.33%	-6.17%	-3.16%
Max Drawdown (5Y) Largest decline over 5 years	-34.64%	-20.58%	-14.06%
Max Drawdown (10Y) Largest decline over 10 years	-38.75%	—	—
Current Drawdown Current decline from peak	-35.86%	-18.21%	-17.65%
Average Drawdown Average peak-to-trough decline	-12.02%	-18.53%	+6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	2.01%	+0.77%

Volatility

GILS.L vs. PRIR.L - Volatility Comparison

Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) has a higher volatility of 2.44% compared to Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L) at 1.81%. This indicates that GILS.L's price experiences larger fluctuations and is considered to be riskier than PRIR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GILS.L	PRIR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	1.81%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	5.64%	4.31%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	6.67%	5.71%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.11%	8.66%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.06%	10.68%	-1.62%

GILS.L vs. PRIR.L - Expense Ratio Comparison

Both GILS.L and PRIR.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GILS.L vs. PRIR.L - Dividend Comparison

GILS.L has not paid dividends to shareholders, while PRIR.L's dividend yield for the trailing twelve months is around 2.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
PRIR.L Amundi Prime Euro Govies UCITS ETF DR (D)	2.75%	2.72%	2.07%	1.88%	1.83%	1.57%	1.64%	1.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GILS.L and PRIR.L in my portfolio?

GILS.L and PRIR.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GILS.L or PRIR.L?

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GILS.L or PRIR.L?

GILS.L and PRIR.L have the same expense ratio: 0.05% per year.

What is the main difference between GILS.L and PRIR.L?

GILS.L tracks FTSE Actuaries UK Conventional Gilts All Stocks, while PRIR.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Lyxor and Amundi.