IBTA.L vs. PRIT.L
IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and PRIT.L (Amundi Prime US Treasury UCITS ETF DR (D)) are both Government Bonds funds - IBTA.L tracks the ICE US Treasury 1-3 Year Index while PRIT.L tracks the Solactive US Treasury Bond Index. Both are passively managed. Over the past 5 years, IBTA.L returned 1.92%/yr vs -0.24%/yr for PRIT.L. At a 0.45 correlation, their price movements are largely independent. IBTA.L charges 0.07%/yr vs 0.05%/yr for PRIT.L.
Performance
IBTA.L vs. PRIT.L - Performance Comparison
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Different Trading Currencies
IBTA.L is traded in USD, while PRIT.L is traded in GBp. To make them comparable, the PRIT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTA.L achieves a 0.51% return, which is significantly higher than PRIT.L's 0.26% return.
IBTA.L
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 0.51%
- 6M
- 0.85%
- 1Y
- 3.12%
- 3Y*
- 4.33%
- 5Y*
- 1.92%
- 10Y*
- —
PRIT.L
- 1D
- -0.05%
- 1M
- 0.75%
- YTD
- 0.26%
- 6M
- 0.66%
- 1Y
- 3.02%
- 3Y*
- 3.02%
- 5Y*
- -0.24%
- 10Y*
- —
IBTA.L vs. PRIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.51% | 5.34% | 4.07% | 4.21% | -3.75% | -0.64% | 3.14% | 3.42% |
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | 0.26% | 6.41% | 0.87% | 3.45% | -12.28% | -1.88% | 7.22% | -16.84% |
Correlation
The correlation between IBTA.L and PRIT.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.45 |
Over the past year, the correlation between IBTA.L and PRIT.L has dropped to 0.22 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
IBTA.L vs. PRIT.L — Risk / Return Rank
IBTA.L
PRIT.L
IBTA.L vs. PRIT.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 UCITS ETF DR (D) (PRIT.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.
| IBTA.L | PRIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.10 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 0.97 | +3.65 |
| Martin ratioReturn relative to average drawdown | 15.80 | 2.58 | +13.22 |
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Drawdowns
IBTA.L vs. PRIT.L - Drawdown Comparison
The maximum IBTA.L drawdown since its inception was -5.80%, smaller than the maximum PRIT.L drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for IBTA.L and PRIT.L.
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Drawdown Indicators
| IBTA.L | PRIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.80% | -28.57% | +22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -3.10% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -0.89% | -5.41% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -5.70% | -16.48% | +10.78% |
Current DrawdownCurrent decline from peak | 0.00% | -17.56% | +17.56% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -19.99% | +19.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 1.17% | -0.97% |
Volatility
IBTA.L vs. PRIT.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) is 0.52%, while Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L) has a volatility of 1.71%. This indicates that IBTA.L experiences smaller price fluctuations and is considered to be less risky than PRIT.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 | PRIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 1.71% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 4.06% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.58% | 5.10% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.17% | 7.05% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.93% | 11.90% | -9.97% |
IBTA.L vs. PRIT.L - Expense Ratio Comparison
IBTA.L has a 0.07% expense ratio, which is higher than PRIT.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. PRIT.L - Dividend Comparison
IBTA.L has not paid dividends to shareholders, while PRIT.L's dividend yield for the trailing twelve months is around 3.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | 3.15% | 3.22% | 2.79% | 2.34% | 1.88% | 1.74% | 2.11% | 1.94% |
Frequently Asked Questions
IBTA.L and PRIT.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRIT.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIT.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 PRIT.L tracks Solactive US Treasury Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IBTA.L and 0.05% for PRIT.L.
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