PRIG.L vs. SGLO.L
PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) and SGLO.L (iShares Global Government Bond UCITS ETF USD (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 -1.81%/yr for SGLO.L. With a 0.96 correlation, they move nearly in lockstep. PRIG.L charges 0.05%/yr vs 0.20%/yr for SGLO.L.
Performance
PRIG.L vs. SGLO.L - Performance Comparison
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Different Trading Currencies
PRIG.L is traded in GBp, while SGLO.L is traded in GBP. To make them comparable, the SGLO.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 SGLO.L's -0.79% 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*
- —
SGLO.L
- 1D
- -0.11%
- 1M
- 0.63%
- YTD
- -0.79%
- 6M
- -1.43%
- 1Y
- 1.93%
- 3Y*
- -0.41%
- 5Y*
- -1.81%
- 10Y*
- 0.35%
PRIG.L vs. SGLO.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% |
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist) | -0.79% | 0.31% | -1.33% | -1.35% | -7.72% | -5.44% | 5.97% | 5.91% |
Correlation
The correlation between PRIG.L and SGLO.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019 | 0.96 |
The correlation between PRIG.L and SGLO.L has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
PRIG.L vs. SGLO.L — Risk / Return Rank
PRIG.L
SGLO.L
PRIG.L vs. SGLO.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 ETF USD (Dist) (SGLO.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 | SGLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.45 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.55 | 0.90 | -0.35 |
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 | SGLO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.37 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.24 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.19 | -0.31 |
Drawdowns
PRIG.L vs. SGLO.L - Drawdown Comparison
The maximum PRIG.L drawdown since its inception was -26.02%, roughly equal to the maximum SGLO.L drawdown of -25.55%. Use the drawdown chart below to compare losses from any high point for PRIG.L and SGLO.L.
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Drawdown Indicators
| PRIG.L | SGLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.02% | -25.55% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -4.26% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -5.41% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.03% | -16.48% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.55% | — |
Current DrawdownCurrent decline from peak | -23.89% | -22.83% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -10.09% | -6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.14% | +0.17% |
Volatility
PRIG.L vs. SGLO.L - Volatility Comparison
Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) has a higher volatility of 1.34% compared to iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) at 1.24%. This indicates that PRIG.L's price experiences larger fluctuations and is considered to be riskier than SGLO.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 | SGLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.24% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 3.88% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 5.24% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 7.47% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.76% | 8.77% | -1.01% |
PRIG.L vs. SGLO.L - Expense Ratio Comparison
PRIG.L has a 0.05% expense ratio, which is lower than SGLO.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. SGLO.L - Dividend Comparison
PRIG.L's dividend yield for the trailing twelve months is around 2.99%, less than SGLO.L's 4.16% 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% |
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist) | 4.16% | 3.86% | 3.15% | 1.87% | 0.95% | 0.85% | 1.35% | 1.60% | 1.37% | 1.26% | 1.34% | 0.89% |
Frequently Asked Questions
With a correlation of 0.91, PRIG.L and SGLO.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.
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 SGLO.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 SGLO.L.
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