IE15.L vs. PRIG.L

Last updated Jul 16, 2026

IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) and PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) are both Global Bonds funds - IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) while PRIG.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, IE15.L returned 0.69%/yr vs -2.67%/yr for PRIG.L. At a 0.34 correlation, their price movements are largely independent. IE15.L charges 0.20%/yr vs 0.05%/yr for PRIG.L.

Performance

IE15.L vs. PRIG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) and Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IE15.L is traded in EUR, while PRIG.L is traded in GBp. To make them comparable, the PRIG.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IE15.L achieves a -1.14% return, which is significantly lower than PRIG.L's 1.02% return.

IE15.L

• 1D: -0.18%
• 1M: -0.30%
• 6M: -1.34%
• YTD: -1.14%
• 1Y: -0.17%
• 3Y*: 3.65%
• 5Y*: 0.69%
• 10Y*: 0.76%

PRIG.L

• 1D: 0.07%
• 1M: 0.57%
• 6M: 0.52%
• YTD: 1.02%
• 1Y: 1.79%
• 3Y*: 0.61%
• 5Y*: -2.67%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IE15.L vs. PRIG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	-1.14%	3.42%	4.34%	5.77%	-7.79%	-0.34%	1.06%	2.10%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	1.02%	-5.40%	2.94%	1.01%	-13.01%	0.22%	0.21%	-4.89%

Correlation

The correlation between IE15.L and PRIG.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019	0.34

The correlation between IE15.L and PRIG.L shifts across timeframes, from 0.30 (1 year) to 0.47 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

IE15.L vs. PRIG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IE15.L

IE15.L Risk / Return Rank: 8
IE15.L Sharpe Ratio Rank: 8
IE15.L Sortino Ratio Rank: 7
IE15.L Omega Ratio Rank: 7
IE15.L Calmar Ratio Rank: 8
IE15.L Martin Ratio Rank: 8

PRIG.L

PRIG.L Risk / Return Rank: 8
PRIG.L Sharpe Ratio Rank: 8
PRIG.L Sortino Ratio Rank: 7
PRIG.L Omega Ratio Rank: 7
PRIG.L Calmar Ratio Rank: 8
PRIG.L Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IE15.L vs. PRIG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) and Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.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.

	IE15.L	PRIG.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	0.41	-0.52
Sortino ratio: Return per unit of downside risk	-0.13	0.63	-0.76
Omega ratio: Gain probability vs. loss probability	0.98	1.07	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.10	0.61	-0.71
Martin ratio: Return relative to average drawdown	-0.25	1.27	-1.52

IE15.L vs. PRIG.L - Sharpe Ratio Comparison

The current IE15.L Sharpe Ratio is -0.11, which is lower than the PRIG.L Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of IE15.L and PRIG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IE15.L vs. PRIG.L - Drawdown Comparison

The maximum IE15.L drawdown since its inception was -10.14%, smaller than the maximum PRIG.L drawdown of -23.83%. Use the drawdown chart below to compare losses from any high point for IE15.L and PRIG.L.

Drawdown Indicators

	IE15.L	PRIG.L	Difference
Max Drawdown Largest peak-to-trough decline	-10.14%	-23.83%	+13.69%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-2.90%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-2.86%	-8.06%	+5.20%
Max Drawdown (5Y) Largest decline over 5 years	-10.14%	-17.78%	+7.64%
Max Drawdown (10Y) Largest decline over 10 years	-10.14%	—	—
Current Drawdown Current decline from peak	-1.39%	-21.20%	+19.81%
Average Drawdown Average peak-to-trough decline	-1.46%	-15.27%	+13.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	1.40%	-0.24%

Volatility

IE15.L vs. PRIG.L - Volatility Comparison

The current volatility for iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) is 0.59%, while Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) has a volatility of 1.28%. This indicates that IE15.L experiences smaller price fluctuations and is considered to be less risky than PRIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IE15.L	PRIG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	1.28%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	1.85%	3.24%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	4.34%	-1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.75%	6.96%	-4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.32%	9.07%	-5.75%

IE15.L vs. PRIG.L - Expense Ratio Comparison

IE15.L has a 0.20% expense ratio, which is higher than PRIG.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

IE15.L vs. PRIG.L - Dividend Comparison

IE15.L's dividend yield for the trailing twelve months is around 3.00%, which matches PRIG.L's 3.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	3.00%	2.92%	2.50%	1.41%	0.51%	0.57%	0.59%	0.62%	0.62%	0.68%	0.90%	0.56%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	3.02%	2.96%	2.31%	1.97%	1.72%	1.50%	1.75%	1.23%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IE15.L and PRIG.L in my portfolio?

IE15.L and PRIG.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IE15.L or PRIG.L?

On fees, PRIG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IE15.L or PRIG.L?

PRIG.L is cheaper with a 0.05% expense ratio, compared with 0.20% for IE15.L.

What is the main difference between IE15.L and PRIG.L?

IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist), while PRIG.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for IE15.L and 0.05% for PRIG.L.