IBGX.L vs. PRIR.L
IBGX.L (iShares € Govt Bond 3-5yr UCITS ETF EUR (Dist)) and PRIR.L (Amundi Prime Euro Govies UCITS ETF DR (D)) are both European Government Bonds funds - IBGX.L tracks the BBG EU Term 3-5 Year Index while PRIR.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, IBGX.L returned -0.61%/yr vs -2.73%/yr for PRIR.L. Their correlation of 0.89 suggests significant overlap in exposure. IBGX.L charges 0.15%/yr vs 0.05%/yr for PRIR.L.
Performance
IBGX.L vs. PRIR.L - Performance Comparison
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Different Trading Currencies
IBGX.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
The year-to-date returns for both investments are quite close, with IBGX.L having a -2.99% return and PRIR.L slightly higher at -2.96%.
IBGX.L
- 1D
- 0.16%
- 1M
- -2.35%
- 6M
- -2.43%
- YTD
- -2.99%
- 1Y
- -1.44%
- 3Y*
- 2.30%
- 5Y*
- -0.61%
- 10Y*
- 0.25%
PRIR.L
- 1D
- 0.24%
- 1M
- -2.86%
- 6M
- -2.60%
- YTD
- -2.96%
- 1Y
- -1.52%
- 3Y*
- 1.65%
- 5Y*
- -2.73%
- 10Y*
- —
IBGX.L vs. PRIR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBGX.L iShares € Govt Bond 3-5yr UCITS ETF EUR (Dist) | -2.99% | 7.79% | -2.42% | 3.20% | -5.19% | -7.77% | 6.63% | -1.29% |
PRIR.L Amundi Prime Euro Govies UCITS ETF DR (D) | -2.96% | 5.85% | -3.03% | 4.82% | -13.56% | -9.75% | 10.64% | -9.62% |
Correlation
The correlation between IBGX.L and PRIR.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.89 |
The correlation between IBGX.L and PRIR.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
IBGX.L vs. PRIR.L — Risk / Return Rank
IBGX.L
PRIR.L
IBGX.L vs. PRIR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 3-5yr UCITS ETF EUR (Dist) (IBGX.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.
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.
| IBGX.L | PRIR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.96 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -0.27 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.72 | -0.62 | -0.11 |
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Drawdowns
IBGX.L vs. PRIR.L - Drawdown Comparison
The maximum IBGX.L drawdown since its inception was -25.93%, roughly equal to the maximum PRIR.L drawdown of -26.55%. Use the drawdown chart below to compare losses from any high point for IBGX.L and PRIR.L.
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Drawdown Indicators
| IBGX.L | PRIR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.93% | -26.55% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -5.65% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -6.21% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | -20.66% | +8.60% |
Max Drawdown (10Y)Largest decline over 10 years | -18.07% | — | — |
Current DrawdownCurrent decline from peak | -10.56% | -20.44% | +9.88% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -15.50% | +6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.45% | -0.47% |
Volatility
IBGX.L vs. PRIR.L - Volatility Comparison
The current volatility for iShares € Govt Bond 3-5yr UCITS ETF EUR (Dist) (IBGX.L) is 1.17%, while Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L) has a volatility of 1.51%. This indicates that IBGX.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.
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Volatility by Period
| IBGX.L | PRIR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.51% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 4.42% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 5.45% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 7.47% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 9.55% | -2.61% |
IBGX.L vs. PRIR.L - Expense Ratio Comparison
IBGX.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
IBGX.L vs. PRIR.L - Dividend Comparison
IBGX.L's dividend yield for the trailing twelve months is around 2.51%, less than PRIR.L's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGX.L iShares € Govt Bond 3-5yr UCITS ETF EUR (Dist) | 2.51% | 2.47% | 2.65% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.08% | 0.12% | 0.60% |
PRIR.L Amundi Prime Euro Govies UCITS ETF DR (D) | 2.80% | 2.72% | 2.07% | 1.88% | 1.84% | 1.56% | 1.64% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, IBGX.L and PRIR.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.
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 IBGX.L.
IBGX.L tracks BBG EU Term 3-5 Year Index, 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 IBGX.L and 0.05% for PRIR.L.
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