IBTL.L vs. PRIT.L
IBTL.L (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and PRIT.L (Amundi Prime US Treasury UCITS ETF DR (D)) are both Government Bonds funds - IBTL.L tracks the ICE U.S. Treasury 20+ Year Bond Index while PRIT.L tracks the Solactive US Treasury Bond Index. Both are passively managed. Over the past 5 years, IBTL.L returned -5.14%/yr vs 0.68%/yr for PRIT.L. A 0.79 correlation means they provide meaningful diversification when combined. IBTL.L charges 0.07%/yr vs 0.05%/yr for PRIT.L.
Performance
IBTL.L vs. PRIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTL.L achieves a -1.02% return, which is significantly lower than PRIT.L's -0.24% return.
IBTL.L
- 1D
- -0.23%
- 1M
- 1.40%
- YTD
- -1.02%
- 6M
- -2.44%
- 1Y
- 5.37%
- 3Y*
- -4.19%
- 5Y*
- -5.14%
- 10Y*
- -0.81%
PRIT.L
- 1D
- 0.02%
- 1M
- 1.17%
- YTD
- -0.24%
- 6M
- -0.95%
- 1Y
- 4.33%
- 3Y*
- 0.28%
- 5Y*
- 0.68%
- 10Y*
- —
IBTL.L vs. PRIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | -1.02% | -2.80% | -5.50% | -3.62% | -22.17% | -3.32% | 13.07% | 15.81% |
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | -0.24% | -1.06% | 2.57% | -1.73% | -1.79% | -0.98% | 4.03% | 5.36% |
Correlation
The correlation between IBTL.L and PRIT.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019 | 0.79 |
The correlation between IBTL.L and PRIT.L has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
IBTL.L vs. PRIT.L — Risk / Return Rank
IBTL.L
PRIT.L
IBTL.L vs. PRIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.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.
| IBTL.L | PRIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.83 | -0.18 |
| Martin ratioReturn relative to average drawdown | 1.41 | 1.98 | -0.57 |
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
| IBTL.L | PRIT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.71 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.08 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.09 | -0.12 |
Drawdowns
IBTL.L vs. PRIT.L - Drawdown Comparison
The maximum IBTL.L drawdown since its inception was -48.85%, which is greater than PRIT.L's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for IBTL.L and PRIT.L.
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Drawdown Indicators
| IBTL.L | PRIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.85% | -20.06% | -28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -5.19% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -8.33% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -39.35% | -16.09% | -23.26% |
Max Drawdown (10Y)Largest decline over 10 years | -48.85% | — | — |
Current DrawdownCurrent decline from peak | -45.46% | -15.03% | -30.43% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -12.54% | -11.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.19% | +1.61% |
Volatility
IBTL.L vs. PRIT.L - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) has a higher volatility of 2.42% compared to Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L) at 1.52%. This indicates that IBTL.L's price experiences larger fluctuations and is considered to be riskier 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
| IBTL.L | PRIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 1.52% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 4.44% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 6.04% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 8.89% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 9.33% | +7.21% |
IBTL.L vs. PRIT.L - Expense Ratio Comparison
IBTL.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
IBTL.L vs. PRIT.L - Dividend Comparison
IBTL.L's dividend yield for the trailing twelve months is around 4.36%, more than PRIT.L's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.36% | 4.32% | 4.59% | 3.78% | 2.96% | 1.72% | 1.86% | 2.54% | 2.75% | 2.66% | 2.44% | 2.07% |
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | 3.23% | 3.22% | 2.79% | 2.34% | 1.87% | 1.74% | 2.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTL.L and PRIT.L have a correlation of 0.72, 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 IBTL.L.
IBTL.L tracks ICE U.S. Treasury 20+ Year Bond 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 IBTL.L and 0.05% for PRIT.L.
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