JPMB.L vs. PRIG.L

Last updated Jul 16, 2026

JPMB.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist)) and PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) are both Global Bonds funds - JPMB.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) while PRIG.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, JPMB.L returned 1.32%/yr vs -3.23%/yr for PRIG.L. At a 0.38 correlation, their price movements are largely independent. JPMB.L charges 0.39%/yr vs 0.05%/yr for PRIG.L.

Performance

JPMB.L vs. PRIG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.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

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

Returns By Period

In the year-to-date period, JPMB.L achieves a 1.73% return, which is significantly higher than PRIG.L's -1.35% return.

JPMB.L

• 1D: 0.11%
• 1M: -0.58%
• 6M: 2.01%
• YTD: 1.73%
• 1Y: 9.61%
• 3Y*: 7.36%
• 5Y*: 1.32%
• 10Y*: —

PRIG.L

• 1D: 0.54%
• 1M: -0.46%
• 6M: -0.98%
• YTD: -1.35%
• 1Y: 0.66%
• 3Y*: 1.34%
• 5Y*: -3.23%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist)	1.73%	13.29%	1.97%	9.51%	-16.15%	-2.40%	5.30%	13.50%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	-1.35%	7.34%	-3.43%	4.13%	-18.09%	-6.76%	9.21%	-6.49%

Correlation

The correlation between JPMB.L and PRIG.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019	0.38

The correlation between JPMB.L and PRIG.L shifts across timeframes, from 0.38 (all time) to 0.57 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

JPMB.L

JPMB.L Risk / Return Rank: 69
JPMB.L Sharpe Ratio Rank: 70
JPMB.L Sortino Ratio Rank: 80
JPMB.L Omega Ratio Rank: 75
JPMB.L Calmar Ratio Rank: 53
JPMB.L Martin Ratio Rank: 66

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.

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

This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.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.

	JPMB.L	PRIG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	0.11	+1.70
Sortino ratio: Return per unit of downside risk	2.87	0.20	+2.67
Omega ratio: Gain probability vs. loss probability	1.35	1.02	+0.33
Calmar ratio: Return relative to maximum drawdown	2.16	0.15	+2.01
Martin ratio: Return relative to average drawdown	9.45	0.33	+9.12

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

The current JPMB.L Sharpe Ratio is 1.81, which is higher than the PRIG.L Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of JPMB.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

JPMB.L vs. PRIG.L - Drawdown Comparison

The maximum JPMB.L drawdown since its inception was -26.70%, smaller than the maximum PRIG.L drawdown of -30.07%. Use the drawdown chart below to compare losses from any high point for JPMB.L and PRIG.L.

Drawdown Indicators

	JPMB.L	PRIG.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.70%	-30.07%	+3.37%
Max Drawdown (1Y) Largest decline over 1 year	-4.51%	-4.28%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-7.27%	-8.06%	+0.79%
Max Drawdown (5Y) Largest decline over 5 years	-25.95%	-26.77%	+0.82%
Current Drawdown Current decline from peak	-0.71%	-20.20%	+19.49%
Average Drawdown Average peak-to-trough decline	-6.95%	-16.42%	+9.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	2.01%	-0.97%

Volatility

JPMB.L vs. PRIG.L - Volatility Comparison

The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.L) is 1.01%, while Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) has a volatility of 1.56%. This indicates that JPMB.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

	JPMB.L	PRIG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	1.56%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	4.55%	4.75%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	5.41%	6.19%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.48%	8.13%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.61%	9.79%	-0.18%

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

JPMB.L has a 0.39% expense ratio, which is higher than PRIG.L's 0.05% expense ratio.

Dividends

JPMB.L vs. PRIG.L - Dividend Comparison

JPMB.L's dividend yield for the trailing twelve months is around 5.89%, more than PRIG.L's 3.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist)	5.89%	5.98%	5.84%	5.31%	5.49%	4.13%	4.08%	4.41%	4.13%
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%

Frequently Asked Questions

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

JPMB.L and PRIG.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

PRIG.L is cheaper with a 0.05% expense ratio, compared with 0.39% for JPMB.L.

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

JPMB.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist), while PRIG.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.39% for JPMB.L and 0.05% for PRIG.L.