IGCB.L vs. PRIC.L
IGCB.L (Invesco GBP Corporate Bond UCITS ETF Dist) and PRIC.L (Amundi Prime Euro Corporates UCITS ETF DR (D)) are both European Corporate Bonds funds - IGCB.L tracks the Markit iBoxx GBP NonGilts TR while PRIC.L tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, IGCB.L returned -0.66%/yr vs -1.72%/yr for PRIC.L. At a 0.41 correlation, their price movements are largely independent. IGCB.L charges 0.10%/yr vs 0.05%/yr for PRIC.L.
Performance
IGCB.L vs. PRIC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGCB.L achieves a -0.24% return, which is significantly higher than PRIC.L's -0.37% return.
IGCB.L
- 1D
- 0.24%
- 1M
- 1.78%
- YTD
- -0.24%
- 6M
- 0.09%
- 1Y
- 4.63%
- 3Y*
- 6.06%
- 5Y*
- -0.66%
- 10Y*
- —
PRIC.L
- 1D
- 0.29%
- 1M
- 1.02%
- YTD
- -0.37%
- 6M
- -2.92%
- 1Y
- 2.15%
- 3Y*
- 2.44%
- 5Y*
- -1.72%
- 10Y*
- —
IGCB.L vs. PRIC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | -0.24% | 6.83% | 1.93% | 9.20% | -18.57% | -4.00% | 8.69% |
PRIC.L Amundi Prime Euro Corporates UCITS ETF DR (D) | -0.37% | 5.75% | -2.51% | 3.51% | -10.37% | -8.76% | 5.00% |
Correlation
The correlation between IGCB.L and PRIC.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2020 | 0.41 |
The correlation between IGCB.L and PRIC.L shifts across timeframes, from 0.28 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGCB.L vs. PRIC.L — Risk / Return Rank
IGCB.L
PRIC.L
IGCB.L vs. PRIC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) and Amundi Prime Euro Corporates UCITS ETF DR (D) (PRIC.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.
| IGCB.L | PRIC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.36 | +0.79 |
| Martin ratioReturn relative to average drawdown | 3.35 | 0.73 | +2.62 |
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
| IGCB.L | PRIC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.40 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.26 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.09 | +0.10 |
Drawdowns
IGCB.L vs. PRIC.L - Drawdown Comparison
The maximum IGCB.L drawdown since its inception was -30.44%, which is greater than PRIC.L's maximum drawdown of -24.61%. Use the drawdown chart below to compare losses from any high point for IGCB.L and PRIC.L.
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Drawdown Indicators
| IGCB.L | PRIC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -24.61% | -5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -5.89% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -5.89% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.39% | -18.42% | -10.97% |
Current DrawdownCurrent decline from peak | -7.54% | -16.60% | +9.06% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -14.39% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.95% | -1.57% |
Volatility
IGCB.L vs. PRIC.L - Volatility Comparison
Invesco GBP Corporate Bond UCITS ETF Dist (IGCB.L) has a higher volatility of 2.17% compared to Amundi Prime Euro Corporates UCITS ETF DR (D) (PRIC.L) at 1.49%. This indicates that IGCB.L's price experiences larger fluctuations and is considered to be riskier than PRIC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGCB.L | PRIC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | 1.49% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 4.33% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.93% | 5.31% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 6.49% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.73% | 7.35% | +0.38% |
IGCB.L vs. PRIC.L - Expense Ratio Comparison
IGCB.L has a 0.10% expense ratio, which is higher than PRIC.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
IGCB.L vs. PRIC.L - Dividend Comparison
IGCB.L's dividend yield for the trailing twelve months is around 5.27%, more than PRIC.L's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IGCB.L Invesco GBP Corporate Bond UCITS ETF Dist | 5.27% | 5.18% | 5.18% | 4.26% | 2.54% | 1.74% | 1.22% | 0.00% |
PRIC.L Amundi Prime Euro Corporates UCITS ETF DR (D) | 0.03% | 0.03% | 0.03% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
IGCB.L and PRIC.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRIC.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIC.L is cheaper with a 0.05% expense ratio, compared with 0.10% for IGCB.L.
IGCB.L tracks Markit iBoxx GBP NonGilts TR, while PRIC.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.10% for IGCB.L and 0.05% for PRIC.L.
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