PRIG.L vs. EGOV.L

Last updated Jun 4, 2026

PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) and EGOV.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR USD, from Amundi and UBS respectively. Both are passively managed. Over the past 5 years, PRIG.L returned -2.20%/yr vs -1.98%/yr for EGOV.L. Their correlation of 0.89 suggests significant overlap in exposure. PRIG.L charges 0.05%/yr vs 0.15%/yr for EGOV.L.

Performance

PRIG.L vs. EGOV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRIG.L achieves a -0.94% return, which is significantly higher than EGOV.L's -1.00% return.

PRIG.L

• 1D: -0.02%
• 1M: 0.59%
• YTD: -0.94%
• 6M: -1.58%
• 1Y: 1.28%
• 3Y*: -0.67%
• 5Y*: -2.20%
• 10Y*: —

EGOV.L

• 1D: 0.17%
• 1M: 0.63%
• YTD: -1.00%
• 6M: -1.57%
• 1Y: 0.57%
• 3Y*: -0.72%
• 5Y*: -1.98%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	-0.94%	-0.19%	-1.79%	-1.09%	-8.28%	-5.90%	5.97%	-1.90%
EGOV.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc	-1.00%	0.21%	-2.55%	-1.25%	-7.09%	-5.75%	5.54%	-1.92%

Correlation

The correlation between PRIG.L and EGOV.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019	0.89

The correlation between PRIG.L and EGOV.L has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.

Return for Risk

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

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

PRIG.L

PRIG.L Risk / Return Rank: 12
PRIG.L Sharpe Ratio Rank: 13
PRIG.L Sortino Ratio Rank: 12
PRIG.L Omega Ratio Rank: 11
PRIG.L Calmar Ratio Rank: 12
PRIG.L Martin Ratio Rank: 12

EGOV.L

EGOV.L Risk / Return Rank: 10
EGOV.L Sharpe Ratio Rank: 11
EGOV.L Sortino Ratio Rank: 10
EGOV.L Omega Ratio Rank: 10
EGOV.L Calmar Ratio Rank: 11
EGOV.L Martin Ratio Rank: 10

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.

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

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.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.

	PRIG.L	EGOV.L	Difference
Sharpe ratio: Return per unit of total volatility	0.26	0.15	+0.11
Sortino ratio: Return per unit of downside risk	0.43	0.25	+0.17
Omega ratio: Gain probability vs. loss probability	1.05	1.03	+0.02
Calmar ratio: Return relative to maximum drawdown	0.29	0.15	+0.14
Martin ratio: Return relative to average drawdown	0.55	0.30	+0.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current PRIG.L Sharpe Ratio is 0.26, which is higher than the EGOV.L Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of PRIG.L and EGOV.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

	PRIG.L	EGOV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	0.15	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	-0.24	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	-0.25	+0.13

Drawdowns

PRIG.L vs. EGOV.L - Drawdown Comparison

The maximum PRIG.L drawdown since its inception was -26.02%, roughly equal to the maximum EGOV.L drawdown of -25.11%. Use the drawdown chart below to compare losses from any high point for PRIG.L and EGOV.L.

Drawdown Indicators

	PRIG.L	EGOV.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.02%	-25.11%	-0.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.46%	-4.49%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-5.35%	-5.55%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-17.03%	-16.45%	-0.58%
Current Drawdown Current decline from peak	-23.89%	-22.88%	-1.01%
Average Drawdown Average peak-to-trough decline	-16.42%	-16.58%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.23%	+0.08%

Volatility

PRIG.L vs. EGOV.L - Volatility Comparison

Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L) have volatilities of 1.34% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIG.L	EGOV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.34%	1.38%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.53%	3.31%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	4.87%	4.51%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.13%	8.13%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.76%	8.77%	-1.01%

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

PRIG.L has a 0.05% expense ratio, which is lower than EGOV.L'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

PRIG.L vs. EGOV.L - Dividend Comparison

PRIG.L's dividend yield for the trailing twelve months is around 2.99%, while EGOV.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EGOV.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	2.99%	2.96%	2.31%	1.97%	1.72%	1.50%	1.75%	1.23%

Frequently Asked Questions

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

With a correlation of 0.93, PRIG.L and EGOV.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

PRIG.L is cheaper with a 0.05% expense ratio, compared with 0.15% for EGOV.L.

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

Both ETFs track Bloomberg Global Aggregate TR USD. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.05% for PRIG.L and 0.15% for EGOV.L.