PR1T.L vs. IBTU.L

Last updated Jun 5, 2026

PR1T.L (Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - PR1T.L tracks the Solactive US Treasury 0-1 Year Bond Index while IBTU.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, PR1T.L returned 3.24%/yr vs 3.38%/yr for IBTU.L. At a 0.32 correlation, their price movements are largely independent. PR1T.L charges 0.05%/yr vs 0.07%/yr for IBTU.L.

Performance

PR1T.L vs. IBTU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PR1T.L having a 1.46% return and IBTU.L slightly lower at 1.39%.

PR1T.L

• 1D: 0.06%
• 1M: 0.28%
• YTD: 1.46%
• 6M: 1.75%
• 1Y: 3.94%
• 3Y*: 4.66%
• 5Y*: 3.24%
• 10Y*: —

IBTU.L

• 1D: 0.01%
• 1M: 0.30%
• YTD: 1.39%
• 6M: 1.78%
• 1Y: 3.98%
• 3Y*: 4.74%
• 5Y*: 3.38%
• 10Y*: —

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

PR1T.L vs. IBTU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PR1T.L Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)	1.46%	4.22%	5.20%	4.83%	0.61%	0.09%	-0.07%
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)	1.39%	4.36%	5.23%	4.96%	1.09%	-0.01%	0.02%

Correlation

The correlation between PR1T.L and IBTU.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 23, 2020	0.32

The correlation between PR1T.L and IBTU.L shifts across timeframes, from 0.13 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PR1T.L vs. IBTU.L — Risk / Return Rank

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

PR1T.L

PR1T.L Risk / Return Rank: 100
PR1T.L Sharpe Ratio Rank: 100
PR1T.L Sortino Ratio Rank: 100
PR1T.L Omega Ratio Rank: 100
PR1T.L Calmar Ratio Rank: 100
PR1T.L Martin Ratio Rank: 100

IBTU.L

IBTU.L Risk / Return Rank: 99
IBTU.L Sharpe Ratio Rank: 99
IBTU.L Sortino Ratio Rank: 99
IBTU.L Omega Ratio Rank: 99
IBTU.L Calmar Ratio Rank: 99
IBTU.L Martin Ratio Rank: 99

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.

PR1T.L vs. IBTU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.

	PR1T.L	IBTU.L	Difference
Sharpe ratio: Return per unit of total volatility	12.95	8.12	+4.83
Sortino ratio: Return per unit of downside risk	36.41	17.26	+19.15
Omega ratio: Gain probability vs. loss probability	9.54	3.95	+5.59
Calmar ratio: Return relative to maximum drawdown	68.61	24.79	+43.82
Martin ratio: Return relative to average drawdown	521.85	183.92	+337.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PR1T.L vs. IBTU.L - Sharpe Ratio Comparison

The current PR1T.L Sharpe Ratio is 12.95, which is higher than the IBTU.L Sharpe Ratio of 8.12. The chart below compares the historical Sharpe Ratios of PR1T.L and IBTU.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.

Sharpe Ratios by Period

	PR1T.L	IBTU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	12.95	8.12	+4.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	8.38	6.79	+1.59
Sharpe Ratio (All Time) Calculated using the full available price history	7.41	5.05	+2.35

Drawdowns

PR1T.L vs. IBTU.L - Drawdown Comparison

The maximum PR1T.L drawdown since its inception was -0.56%, smaller than the maximum IBTU.L drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for PR1T.L and IBTU.L.

Drawdown Indicators

	PR1T.L	IBTU.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.56%	-0.62%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-0.06%	-0.16%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	-0.16%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-0.56%	-0.29%	-0.27%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.03%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.02%	-0.01%

Volatility

PR1T.L vs. IBTU.L - Volatility Comparison

Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.L) has a higher volatility of 0.09% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.08%. This indicates that PR1T.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PR1T.L	IBTU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	0.08%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	0.21%	0.31%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	0.30%	0.49%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	0.50%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.38%	0.54%	-0.16%

PR1T.L vs. IBTU.L - Expense Ratio Comparison

PR1T.L has a 0.05% expense ratio, which is lower than IBTU.L's 0.07% 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

PR1T.L vs. IBTU.L - Dividend Comparison

PR1T.L has not paid dividends to shareholders, while IBTU.L's dividend yield for the trailing twelve months is around 4.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)	4.07%	4.43%	6.82%	3.99%	0.44%	0.10%	1.28%	1.21%
PR1T.L Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PR1T.L and IBTU.L in my portfolio?

PR1T.L and IBTU.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PR1T.L or IBTU.L?

On fees, PR1T.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, PR1T.L or IBTU.L?

PR1T.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTU.L.

What is the main difference between PR1T.L and IBTU.L?

PR1T.L tracks Solactive US Treasury 0-1 Year Bond Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PR1T.L and 0.07% for IBTU.L.