PRIG.L vs. IGLO.L
PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) and IGLO.L (iShares Global Government Bond UCITS) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR USD, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, PRIG.L returned -2.20%/yr vs -2.35%/yr for IGLO.L. A 0.75 correlation means they provide meaningful diversification when combined. PRIG.L charges 0.05%/yr vs 0.20%/yr for IGLO.L.
Performance
PRIG.L vs. IGLO.L - Performance Comparison
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Different Trading Currencies
PRIG.L is traded in GBp, while IGLO.L is traded in USD. To make them comparable, the IGLO.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 higher than IGLO.L's -1.45% 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*
- —
IGLO.L
- 1D
- -0.20%
- 1M
- 0.07%
- YTD
- -1.45%
- 6M
- -1.85%
- 1Y
- 0.76%
- 3Y*
- -1.19%
- 5Y*
- -2.35%
- 10Y*
- -0.08%
PRIG.L vs. IGLO.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% | 6.26% |
IGLO.L iShares Global Government Bond UCITS | -1.45% | -0.49% | -1.96% | -1.20% | -7.90% | -6.01% | 6.16% | 5.14% |
Correlation
The correlation between PRIG.L and IGLO.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019 | 0.75 |
The correlation between PRIG.L and IGLO.L shifts across timeframes, from 0.65 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRIG.L vs. IGLO.L — Risk / Return Rank
PRIG.L
IGLO.L
PRIG.L vs. IGLO.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 iShares Global Government Bond UCITS (IGLO.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 | IGLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.02 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.15 | +0.14 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.29 | +0.26 |
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 | IGLO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.12 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.28 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.10 | -0.22 |
Drawdowns
PRIG.L vs. IGLO.L - Drawdown Comparison
The maximum PRIG.L drawdown since its inception was -26.02%, roughly equal to the maximum IGLO.L drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for PRIG.L and IGLO.L.
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Drawdown Indicators
| PRIG.L | IGLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -25.42% | -0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -5.07% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -5.77% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | -17.10% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.42% | — |
Current DrawdownCurrent decline from peak | -23.89% | -24.09% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -10.64% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.59% | -0.28% |
Volatility
PRIG.L vs. IGLO.L - Volatility Comparison
The current volatility for Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) is 1.34%, while iShares Global Government Bond UCITS (IGLO.L) has a volatility of 2.11%. This indicates that PRIG.L experiences smaller price fluctuations and is considered to be less risky than IGLO.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 | IGLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.11% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 5.16% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 6.30% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 8.30% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 9.57% | -1.81% |
PRIG.L vs. IGLO.L - Expense Ratio Comparison
PRIG.L has a 0.05% expense ratio, which is lower than IGLO.L's 0.20% 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. IGLO.L - Dividend Comparison
PRIG.L's dividend yield for the trailing twelve months is around 2.99%, less than IGLO.L's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | 3.09% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PRIG.L and IGLO.L have a correlation of 0.65, 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 0.20% for IGLO.L.
Both ETFs track Bloomberg Global Aggregate TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRIG.L and 0.20% for IGLO.L.
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