PRIG.L vs. HBKS.L
PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) and HBKS.L (HSBC Global Sukuk UCITS ETF C USD) are both Global Bonds funds - PRIG.L tracks the Bloomberg Global Aggregate TR USD while HBKS.L tracks the FTSE IdealRatings Sukuk Index. Both are passively managed. Over the past year, PRIG.L returned 1.28% vs 4.58% for HBKS.L. A 0.60 correlation means they provide meaningful diversification when combined. PRIG.L charges 0.05%/yr vs 0.40%/yr for HBKS.L.
Performance
PRIG.L vs. HBKS.L - Performance Comparison
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Different Trading Currencies
PRIG.L is traded in GBp, while HBKS.L is traded in GBP. To make them comparable, the HBKS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PRIG.L achieves a -0.94% return, which is significantly lower than HBKS.L's 0.38% 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*
- —
HBKS.L
- 1D
- -0.15%
- 1M
- 1.19%
- YTD
- 0.38%
- 6M
- -0.87%
- 1Y
- 4.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRIG.L vs. HBKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D) | -0.94% | -0.19% | -1.79% | 4.05% |
HBKS.L HSBC Global Sukuk UCITS ETF C USD | 0.38% | -0.34% | 4.48% | 1.79% |
Correlation
The correlation between PRIG.L and HBKS.L is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.60 |
The correlation between PRIG.L and HBKS.L has been stable across timeframes, ranging from 0.59 to 0.60 - a consistent structural relationship.
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Return for Risk
PRIG.L vs. HBKS.L — Risk / Return Rank
PRIG.L
HBKS.L
PRIG.L vs. HBKS.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 HSBC Global Sukuk UCITS ETF C USD (HBKS.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 | HBKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.11 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.86 | -0.57 |
| Martin ratioReturn relative to average drawdown | 0.55 | 1.86 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRIG.L | HBKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.65 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.33 | -0.45 |
Drawdowns
PRIG.L vs. HBKS.L - Drawdown Comparison
The maximum PRIG.L drawdown since its inception was -26.02%, which is greater than HBKS.L's maximum drawdown of -8.09%. Use the drawdown chart below to compare losses from any high point for PRIG.L and HBKS.L.
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Drawdown Indicators
| PRIG.L | HBKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -8.09% | -17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -5.33% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | — | — |
Current DrawdownCurrent decline from peak | -23.89% | -3.13% | -20.76% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -2.41% | -14.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.46% | -0.15% |
Volatility
PRIG.L vs. HBKS.L - Volatility Comparison
The current volatility for Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) is 1.34%, while HSBC Global Sukuk UCITS ETF C USD (HBKS.L) has a volatility of 1.90%. This indicates that PRIG.L experiences smaller price fluctuations and is considered to be less risky than HBKS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIG.L | HBKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.90% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 5.26% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 7.00% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 6.93% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 6.93% | +0.83% |
PRIG.L vs. HBKS.L - Expense Ratio Comparison
PRIG.L has a 0.05% expense ratio, which is lower than HBKS.L's 0.40% expense ratio.
Dividends
PRIG.L vs. HBKS.L - Dividend Comparison
PRIG.L's dividend yield for the trailing twelve months is around 2.99%, while HBKS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HBKS.L HSBC Global Sukuk UCITS ETF C USD | 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
PRIG.L and HBKS.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
PRIG.L is cheaper with a 0.05% expense ratio, compared with 0.40% for HBKS.L.
PRIG.L tracks Bloomberg Global Aggregate TR USD, while HBKS.L tracks FTSE IdealRatings Sukuk Index. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.05% for PRIG.L and 0.40% for HBKS.L.
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