IS04.DE vs. PR1G.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and PR1G.DE (Amundi Prime Global Government Bond UCITS ETF (Dist)) are both Government Bonds funds - IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index while PR1G.DE tracks the Solactive Global Developed Government Bond Index. Both are passively managed. Over the past 5 years, IS04.DE returned -6.77%/yr vs -2.72%/yr for PR1G.DE. Their correlation of 0.80 suggests significant overlap in exposure. IS04.DE charges 0.07%/yr vs 0.05%/yr for PR1G.DE.
Performance
IS04.DE vs. PR1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS04.DE achieves a 1.63% return, which is significantly higher than PR1G.DE's 0.99% return.
IS04.DE
- 1D
- 0.74%
- 1M
- -0.54%
- 6M
- -0.18%
- YTD
- 1.63%
- 1Y
- 5.06%
- 3Y*
- -2.54%
- 5Y*
- -6.77%
- 10Y*
- -2.46%
PR1G.DE
- 1D
- 0.18%
- 1M
- 0.18%
- 6M
- 0.24%
- YTD
- 0.99%
- 1Y
- 1.22%
- 3Y*
- 0.44%
- 5Y*
- -2.72%
- 10Y*
- —
IS04.DE vs. PR1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 1.63% | -7.08% | -2.45% | -1.26% | -25.93% | 3.50% | 6.45% | 18.16% |
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 0.99% | -4.74% | 2.19% | 1.15% | -13.10% | 0.82% | 0.44% | 7.03% |
Correlation
The correlation between IS04.DE and PR1G.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.80 |
The correlation between IS04.DE and PR1G.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
IS04.DE vs. PR1G.DE — Risk / Return Rank
IS04.DE
PR1G.DE
IS04.DE vs. PR1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) and Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE). 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.
| IS04.DE | PR1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.06 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.43 | +0.25 |
| Martin ratioReturn relative to average drawdown | 1.42 | 0.87 | +0.55 |
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Drawdowns
IS04.DE vs. PR1G.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, which is greater than PR1G.DE's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for IS04.DE and PR1G.DE.
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Drawdown Indicators
| IS04.DE | PR1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -20.86% | -26.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -2.85% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -7.94% | -10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -17.71% | -22.25% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | — | — |
Current DrawdownCurrent decline from peak | -43.27% | -18.36% | -24.91% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -11.48% | -11.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 1.39% | +2.15% |
Volatility
IS04.DE vs. PR1G.DE - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a higher volatility of 2.62% compared to Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) at 1.17%. This indicates that IS04.DE's price experiences larger fluctuations and is considered to be riskier than PR1G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS04.DE | PR1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 1.17% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 3.01% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.84% | 4.05% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 6.47% | +8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 6.10% | +8.49% |
IS04.DE vs. PR1G.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is higher than PR1G.DE'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
IS04.DE vs. PR1G.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.68%, more than PR1G.DE's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.68% | 4.38% | 4.61% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.78% | 2.73% | 2.57% | 2.14% |
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 2.93% | 2.96% | 2.34% | 1.99% | 1.74% | 1.50% | 1.77% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS04.DE and PR1G.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1G.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1G.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for IS04.DE.
IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while PR1G.DE tracks Solactive Global Developed Government Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IS04.DE and 0.05% for PR1G.DE.
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