PRIG.L vs. SAAA.L
PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) and SAAA.L (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) 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 -2.01%/yr for SAAA.L. Their correlation of 0.88 suggests significant overlap in exposure. PRIG.L charges 0.05%/yr vs 0.20%/yr for SAAA.L.
Performance
PRIG.L vs. SAAA.L - Performance Comparison
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Different Trading Currencies
PRIG.L is traded in GBp, while SAAA.L is traded in GBP. To make them comparable, the SAAA.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 SAAA.L's 0.11% 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*
- —
SAAA.L
- 1D
- -0.39%
- 1M
- 0.30%
- YTD
- 0.11%
- 6M
- -0.17%
- 1Y
- 2.91%
- 3Y*
- 1.22%
- 5Y*
- -2.01%
- 10Y*
- 0.42%
PRIG.L vs. SAAA.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% |
SAAA.L iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 0.11% | 2.96% | -3.46% | 2.32% | -11.40% | -6.94% | 8.12% | 4.41% |
Correlation
The correlation between PRIG.L and SAAA.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019 | 0.88 |
The correlation between PRIG.L and SAAA.L shifts across timeframes, from 0.78 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRIG.L vs. SAAA.L — Risk / Return Rank
PRIG.L
SAAA.L
PRIG.L vs. SAAA.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 AAA-AA Government Bond UCITS ETF (Dist) (SAAA.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 | SAAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.11 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.76 | -0.47 |
| Martin ratioReturn relative to average drawdown | 0.55 | 1.66 | -1.11 |
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 | SAAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.64 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.30 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.12 | -0.24 |
Drawdowns
PRIG.L vs. SAAA.L - Drawdown Comparison
The maximum PRIG.L drawdown since its inception was -26.02%, which is greater than SAAA.L's maximum drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for PRIG.L and SAAA.L.
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Drawdown Indicators
| PRIG.L | SAAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -24.70% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -3.83% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -5.68% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | -18.85% | +1.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.70% | — |
Current DrawdownCurrent decline from peak | -23.89% | -18.74% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -9.88% | -6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.74% | +0.57% |
Volatility
PRIG.L vs. SAAA.L - Volatility Comparison
Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) and iShares Global AAA-AA Government Bond UCITS ETF (Dist) (SAAA.L) have volatilities of 1.34% and 1.39%, 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.
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Volatility by Period
| PRIG.L | SAAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.39% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 3.45% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 4.49% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 6.75% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 7.87% | -0.11% |
PRIG.L vs. SAAA.L - Expense Ratio Comparison
PRIG.L has a 0.05% expense ratio, which is lower than SAAA.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. SAAA.L - Dividend Comparison
PRIG.L's dividend yield for the trailing twelve months is around 2.99%, more than SAAA.L's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SAAA.L iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.69% | 2.48% | 2.34% | 1.57% | 0.76% | 0.48% | 0.61% | 0.89% | 0.87% | 0.81% | 0.83% | 1.06% |
Frequently Asked Questions
PRIG.L and SAAA.L have a correlation of 0.78, 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 SAAA.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 SAAA.L.
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