IBTA.L vs. PR1T.L
IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and PR1T.L (Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)) are both Government Bonds funds - IBTA.L tracks the ICE US Treasury 1-3 Year Index while PR1T.L tracks the Solactive US Treasury 0-1 Year Bond Index. Both are passively managed. Over the past 5 years, IBTA.L returned 1.87%/yr vs 3.24%/yr for PR1T.L. At a 0.36 correlation, their price movements are largely independent. IBTA.L charges 0.07%/yr vs 0.05%/yr for PR1T.L.
Performance
IBTA.L vs. PR1T.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTA.L achieves a 0.46% return, which is significantly lower than PR1T.L's 1.46% return.
IBTA.L
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- 0.46%
- 6M
- 0.92%
- 1Y
- 3.43%
- 3Y*
- 4.23%
- 5Y*
- 1.87%
- 10Y*
- —
PR1T.L
- 1D
- 0.06%
- 1M
- 0.28%
- YTD
- 1.46%
- 6M
- 1.75%
- 1Y
- 3.94%
- 3Y*
- 4.66%
- 5Y*
- 3.24%
- 10Y*
- —
IBTA.L vs. PR1T.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.46% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 0.10% |
PR1T.L Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) | 1.46% | 4.22% | 5.20% | 4.83% | 0.61% | 0.09% | -0.07% |
Correlation
The correlation between IBTA.L and PR1T.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020 | 0.36 |
The correlation between IBTA.L and PR1T.L shifts across timeframes, from 0.18 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTA.L vs. PR1T.L — Risk / Return Rank
IBTA.L
PR1T.L
IBTA.L vs. PR1T.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) and Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.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.
| IBTA.L | PR1T.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.15 | ||
| Sortino ratioReturn per unit of downside risk | -31.79 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 9.54 | -7.95 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 68.61 | -63.99 |
| Martin ratioReturn relative to average drawdown | 17.47 | 521.85 | -504.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTA.L | PR1T.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 12.95 | -10.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 8.38 | -7.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 7.41 | -6.33 |
Drawdowns
IBTA.L vs. PR1T.L - Drawdown Comparison
The maximum IBTA.L drawdown since its inception was -5.80%, which is greater than PR1T.L's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for IBTA.L and PR1T.L.
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Drawdown Indicators
| IBTA.L | PR1T.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.80% | -0.56% | -5.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.74% | -0.06% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -0.89% | -0.06% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -5.70% | -0.56% | -5.14% |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -0.05% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.01% | +0.19% |
Volatility
IBTA.L vs. PR1T.L - Volatility Comparison
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) has a higher volatility of 0.43% compared to Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.L) at 0.09%. This indicates that IBTA.L's price experiences larger fluctuations and is considered to be riskier than PR1T.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTA.L | PR1T.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.09% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 0.21% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.23% | 0.30% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 0.39% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 0.38% | +1.38% |
IBTA.L vs. PR1T.L - Expense Ratio Comparison
IBTA.L has a 0.07% expense ratio, which is higher than PR1T.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
IBTA.L vs. PR1T.L - Dividend Comparison
Neither IBTA.L nor PR1T.L has paid dividends to shareholders.
Frequently Asked Questions
IBTA.L and PR1T.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1T.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1T.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTA.L.
IBTA.L tracks ICE US Treasury 1-3 Year Index, while PR1T.L tracks Solactive US Treasury 0-1 Year Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IBTA.L and 0.05% for PR1T.L.
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