PR1G.DE vs. IBCL.DE
PR1G.DE (Amundi Prime Global Government Bond UCITS ETF (Dist)) and IBCL.DE (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) are both Government Bonds funds - PR1G.DE tracks the Solactive Global Developed Government Bond Index while IBCL.DE tracks the Bloomberg Euro Government Bond 15-30 Year Index. Both are passively managed. Over the past 5 years, PR1G.DE returned -2.72%/yr vs -8.15%/yr for IBCL.DE. A 0.65 correlation means they provide meaningful diversification when combined. PR1G.DE charges 0.05%/yr vs 0.15%/yr for IBCL.DE.
Performance
PR1G.DE vs. IBCL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PR1G.DE achieves a 0.99% return, which is significantly higher than IBCL.DE's -1.15% return.
PR1G.DE
- 1D
- 0.18%
- 1M
- 0.18%
- 6M
- 0.24%
- YTD
- 0.99%
- 1Y
- 1.22%
- 3Y*
- 0.44%
- 5Y*
- -2.72%
- 10Y*
- —
IBCL.DE
- 1D
- 0.25%
- 1M
- -2.80%
- 6M
- -2.31%
- YTD
- -1.15%
- 1Y
- -2.15%
- 3Y*
- -0.84%
- 5Y*
- -8.15%
- 10Y*
- -2.67%
PR1G.DE vs. IBCL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | -1.15% | -5.38% | -0.90% | 9.73% | -34.35% | -6.57% | 11.60% | 14.04% |
Correlation
The correlation between PR1G.DE and IBCL.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.65 |
The correlation between PR1G.DE and IBCL.DE shifts across timeframes, from 0.56 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PR1G.DE vs. IBCL.DE — Risk / Return Rank
PR1G.DE
IBCL.DE
PR1G.DE vs. IBCL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) and iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.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.
| PR1G.DE | IBCL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.97 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.35 | +0.78 |
| Martin ratioReturn relative to average drawdown | 0.87 | -0.70 | +1.58 |
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Drawdowns
PR1G.DE vs. IBCL.DE - Drawdown Comparison
The maximum PR1G.DE drawdown since its inception was -20.86%, smaller than the maximum IBCL.DE drawdown of -43.80%. Use the drawdown chart below to compare losses from any high point for PR1G.DE and IBCL.DE.
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Drawdown Indicators
| PR1G.DE | IBCL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -43.80% | +22.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -6.13% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.94% | -11.97% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -42.19% | +24.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.80% | — |
Current DrawdownCurrent decline from peak | -18.36% | -38.14% | +19.78% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -12.56% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 3.06% | -1.67% |
Volatility
PR1G.DE vs. IBCL.DE - Volatility Comparison
The current volatility for Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) is 1.17%, while iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) has a volatility of 2.55%. This indicates that PR1G.DE experiences smaller price fluctuations and is considered to be less risky than IBCL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR1G.DE | IBCL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.55% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 7.30% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 9.24% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 13.68% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 11.50% | -5.40% |
PR1G.DE vs. IBCL.DE - Expense Ratio Comparison
PR1G.DE has a 0.05% expense ratio, which is lower than IBCL.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PR1G.DE vs. IBCL.DE - Dividend Comparison
PR1G.DE's dividend yield for the trailing twelve months is around 2.93%, less than IBCL.DE's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 3.71% | 3.53% | 3.19% | 2.64% | 1.31% | 0.53% | 0.74% | 1.26% | 1.50% | 1.35% | 1.47% | 1.83% |
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
PR1G.DE and IBCL.DE have a correlation of 0.56, 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 0.15% for IBCL.DE.
PR1G.DE tracks Solactive Global Developed Government Bond Index, while IBCL.DE tracks Bloomberg Euro Government Bond 15-30 Year Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PR1G.DE and 0.15% for IBCL.DE.
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