IBCC.DE vs. PR1G.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and PR1G.DE (Amundi Prime Global Government Bond UCITS ETF (Dist)) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond Index while PR1G.DE tracks the Solactive Global Developed Government Bond Index. Both are passively managed. Over the past 5 years, IBCC.DE returned 4.17%/yr vs -2.46%/yr for PR1G.DE. At a 0.45 correlation, their price movements are largely independent. IBCC.DE charges 0.07%/yr vs 0.05%/yr for PR1G.DE.
Performance
IBCC.DE vs. PR1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCC.DE achieves a 4.60% return, which is significantly higher than PR1G.DE's 1.29% return.
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
PR1G.DE
- 1D
- -0.12%
- 1M
- 1.11%
- 6M
- 1.61%
- YTD
- 1.29%
- 1Y
- 1.53%
- 3Y*
- 0.20%
- 5Y*
- -2.46%
- 10Y*
- —
IBCC.DE vs. PR1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 1.29% | -4.74% | 2.19% | 1.15% | -13.10% | 0.82% | 0.44% | 6.34% |
Correlation
The correlation between IBCC.DE and PR1G.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.45 |
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Return for Risk
IBCC.DE vs. PR1G.DE — Risk / Return Rank
IBCC.DE
PR1G.DE
IBCC.DE vs. PR1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) and Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.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.
| IBCC.DE | PR1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 0.53 | +1.57 |
| Martin ratioReturn relative to average drawdown | 4.78 | 1.11 | +3.67 |
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Drawdowns
IBCC.DE vs. PR1G.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum PR1G.DE drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and PR1G.DE.
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Drawdown Indicators
| IBCC.DE | PR1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -20.86% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -2.85% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -7.94% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -17.71% | +6.02% |
Current DrawdownCurrent decline from peak | -5.33% | -18.11% | +12.78% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -11.45% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.38% | +0.05% |
Volatility
IBCC.DE vs. PR1G.DE - Volatility Comparison
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a higher volatility of 1.88% compared to Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) at 1.23%. This indicates that IBCC.DE's price experiences larger fluctuations and is considered to be riskier than PR1G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCC.DE | PR1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.23% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 3.01% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 4.06% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 6.47% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.43% | 6.11% | +2.32% |
IBCC.DE vs. PR1G.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is higher than PR1G.DE'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
IBCC.DE vs. PR1G.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, more than PR1G.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 2.92% | 2.96% | 2.34% | 1.99% | 1.74% | 1.50% | 1.77% | 1.23% |
Frequently Asked Questions
IBCC.DE and PR1G.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1G.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1G.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for IBCC.DE.
IBCC.DE tracks ICE US Treasury Short Bond Index, while PR1G.DE tracks Solactive Global Developed Government Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IBCC.DE and 0.05% for PR1G.DE.
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