IBGS.L vs. PRIR.L
IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and PRIR.L (Amundi Prime Euro Govies UCITS ETF DR (D)) are both European Government Bonds funds - IBGS.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR while PRIR.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, IBGS.L returned 0.92%/yr vs -2.11%/yr for PRIR.L. At a 0.42 correlation, their price movements are largely independent. IBGS.L charges 0.15%/yr vs 0.05%/yr for PRIR.L.
Performance
IBGS.L vs. PRIR.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBGS.L is traded in GBP, while PRIR.L is traded in GBp. To make them comparable, the PRIR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IBGS.L at -1.02% and PRIR.L at -1.02%.
IBGS.L
- 1D
- -0.07%
- 1M
- 0.24%
- YTD
- -1.02%
- 6M
- -0.96%
- 1Y
- 3.54%
- 3Y*
- 2.79%
- 5Y*
- 0.92%
- 10Y*
- 1.38%
PRIR.L
- 1D
- -0.46%
- 1M
- 0.32%
- YTD
- -1.02%
- 6M
- -1.46%
- 1Y
- 2.39%
- 3Y*
- 2.31%
- 5Y*
- -2.11%
- 10Y*
- —
IBGS.L vs. PRIR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | -1.02% | 7.76% | -1.67% | 1.50% | 1.00% | -7.25% | 5.39% | -1.54% |
PRIR.L Amundi Prime Euro Govies UCITS ETF DR (D) | -1.02% | 5.74% | -3.03% | 4.65% | -13.31% | -10.41% | 10.86% | 3.33% |
Correlation
The correlation between IBGS.L and PRIR.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.42 |
Over the past year, IBGS.L and PRIR.L have become more correlated (0.75) than their long-term average of 0.42, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBGS.L vs. PRIR.L — Risk / Return Rank
IBGS.L
PRIR.L
IBGS.L vs. PRIR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.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.
| IBGS.L | PRIR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 0.53 | +0.83 |
| Martin ratioReturn relative to average drawdown | 3.05 | 1.22 | +1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBGS.L | PRIR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.44 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.32 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.13 | +0.38 |
Drawdowns
IBGS.L vs. PRIR.L - Drawdown Comparison
The maximum IBGS.L drawdown since its inception was -16.59%, smaller than the maximum PRIR.L drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for IBGS.L and PRIR.L.
Loading charts...
Drawdown Indicators
| IBGS.L | PRIR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -25.98% | +9.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -4.70% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -6.17% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -20.58% | +14.63% |
Max Drawdown (10Y)Largest decline over 10 years | -13.11% | — | — |
Current DrawdownCurrent decline from peak | -3.95% | -18.41% | +14.46% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -18.53% | +12.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.99% | -0.83% |
Volatility
IBGS.L vs. PRIR.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) is 1.20%, while Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L) has a volatility of 1.82%. This indicates that IBGS.L experiences smaller price fluctuations and is considered to be less risky than PRIR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGS.L | PRIR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.82% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 4.30% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 5.70% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 8.66% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 10.68% | -3.59% |
IBGS.L vs. PRIR.L - Expense Ratio Comparison
IBGS.L has a 0.15% expense ratio, which is higher than PRIR.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
IBGS.L vs. PRIR.L - Dividend Comparison
IBGS.L's dividend yield for the trailing twelve months is around 2.18%, less than PRIR.L's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.39% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.28% |
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% | 0.00% |
Frequently Asked Questions
IBGS.L and PRIR.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRIR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIR.L is cheaper with a 0.05% expense ratio, compared with 0.15% for IBGS.L.
IBGS.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while PRIR.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IBGS.L and 0.05% for PRIR.L.
Find the right allocation for IBGS.L and PRIR.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer