IHHG.L vs. PRIP.L
IHHG.L (iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist)) and PRIP.L (Amundi Prime US Corporates UCITS ETF DR (D)) are both Corporate Bonds funds - IHHG.L tracks the iBoxx USD Liquid High Yield Capped (USD) while PRIP.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, IHHG.L returned 3.11%/yr vs 0.43%/yr for PRIP.L. At a 0.03 correlation, their price movements are largely independent. IHHG.L charges 0.55%/yr vs 0.05%/yr for PRIP.L.
Performance
IHHG.L vs. PRIP.L - Performance Comparison
Loading charts...
Different Trading Currencies
IHHG.L is traded in GBP, while PRIP.L is traded in GBp. To make them comparable, the PRIP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IHHG.L achieves a 1.59% return, which is significantly higher than PRIP.L's -0.61% return.
IHHG.L
- 1D
- -0.23%
- 1M
- 0.23%
- 6M
- 1.12%
- YTD
- 1.59%
- 1Y
- 5.78%
- 3Y*
- 7.40%
- 5Y*
- 3.11%
- 10Y*
- —
PRIP.L
- 1D
- 0.34%
- 1M
- -1.45%
- 6M
- -0.99%
- YTD
- -0.61%
- 1Y
- 3.89%
- 3Y*
- 3.65%
- 5Y*
- 0.43%
- 10Y*
- —
IHHG.L vs. PRIP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 9.03% | 6.38% | 9.77% | -10.41% | 3.44% | 2.55% | 1.69% |
PRIP.L Amundi Prime US Corporates UCITS ETF DR (D) | -0.61% | 0.72% | 3.72% | 2.34% | -5.39% | -0.76% | 6.78% | -22.25% |
Correlation
The correlation between IHHG.L and PRIP.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019 | 0.03 |
The correlation between IHHG.L and PRIP.L shifts across timeframes, from 0.03 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IHHG.L vs. PRIP.L — Risk / Return Rank
IHHG.L
PRIP.L
IHHG.L vs. PRIP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) and Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.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.
| IHHG.L | PRIP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.10 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 0.80 | +1.47 |
| Martin ratioReturn relative to average drawdown | 10.12 | 1.79 | +8.33 |
Loading charts...
Drawdowns
IHHG.L vs. PRIP.L - Drawdown Comparison
The maximum IHHG.L drawdown since its inception was -23.51%, smaller than the maximum PRIP.L drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for IHHG.L and PRIP.L.
Loading charts...
Drawdown Indicators
| IHHG.L | PRIP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.51% | -26.79% | +3.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.54% | -4.85% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.38% | -8.76% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -14.78% | -12.69% | -2.09% |
Current DrawdownCurrent decline from peak | -0.23% | -18.08% | +17.85% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -20.14% | +17.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.16% | -1.59% |
Volatility
IHHG.L vs. PRIP.L - Volatility Comparison
The current volatility for iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (IHHG.L) is 0.79%, while Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.L) has a volatility of 1.73%. This indicates that IHHG.L experiences smaller price fluctuations and is considered to be less risky than PRIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IHHG.L | PRIP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 1.73% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 4.82% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 6.49% | -2.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 8.83% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.01% | 12.06% | -4.05% |
IHHG.L vs. PRIP.L - Expense Ratio Comparison
IHHG.L has a 0.55% expense ratio, which is higher than PRIP.L's 0.05% expense ratio.
Dividends
IHHG.L vs. PRIP.L - Dividend Comparison
IHHG.L's dividend yield for the trailing twelve months is around 6.15%, more than PRIP.L's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IHHG.L iShares $ High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 6.15% | 6.06% | 6.23% | 5.55% | 5.21% | 4.25% | 4.89% | 5.47% | 3.58% |
PRIP.L Amundi Prime US Corporates UCITS ETF DR (D) | 4.76% | 4.73% | 4.29% | 4.10% | 4.14% | 3.33% | 3.30% | 0.00% | 0.00% |
Frequently Asked Questions
IHHG.L and PRIP.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRIP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIP.L is cheaper with a 0.05% expense ratio, compared with 0.55% for IHHG.L.
IHHG.L tracks iBoxx USD Liquid High Yield Capped (USD), while PRIP.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for IHHG.L and 0.05% for PRIP.L.
Find the right allocation for IHHG.L and PRIP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer