PRIP.L vs. FLOA.L
PRIP.L (Amundi Prime US Corporates UCITS ETF DR (D)) and FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from Amundi and iShares respectively. Both are passively managed. Over the past year, PRIP.L returned 1.83% vs 5.73% for FLOA.L. A 0.51 correlation means they provide meaningful diversification when combined. PRIP.L charges 0.05%/yr vs 0.10%/yr for FLOA.L.
Performance
PRIP.L vs. FLOA.L - Performance Comparison
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Different Trading Currencies
PRIP.L is traded in GBp, while FLOA.L is traded in USD. To make them comparable, the FLOA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PRIP.L achieves a -0.05% return, which is significantly lower than FLOA.L's 2.35% return.
PRIP.L
- 1D
- -0.13%
- 1M
- 1.71%
- YTD
- -0.05%
- 6M
- -5.09%
- 1Y
- 1.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOA.L
- 1D
- 0.33%
- 1M
- 1.63%
- YTD
- 2.35%
- 6M
- 1.74%
- 1Y
- 5.73%
- 3Y*
- 3.13%
- 5Y*
- 5.38%
- 10Y*
- —
PRIP.L vs. FLOA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PRIP.L Amundi Prime US Corporates UCITS ETF DR (D) | -0.05% | 0.86% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.35% | 3.44% |
Correlation
The correlation between PRIP.L and FLOA.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.51 |
The correlation between PRIP.L and FLOA.L has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
PRIP.L vs. FLOA.L — Risk / Return Rank
PRIP.L
FLOA.L
PRIP.L vs. FLOA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.L) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
| PRIP.L | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 1.16 | -0.96 |
| Martin ratioReturn relative to average drawdown | 0.37 | 3.23 | -2.86 |
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
| PRIP.L | FLOA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.84 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.43 | -0.33 |
Drawdowns
PRIP.L vs. FLOA.L - Drawdown Comparison
The maximum PRIP.L drawdown since its inception was -9.14%, smaller than the maximum FLOA.L drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for PRIP.L and FLOA.L.
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Drawdown Indicators
| PRIP.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.14% | -14.84% | +5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.14% | -4.92% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.84% | — |
Current DrawdownCurrent decline from peak | -6.78% | -3.24% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -6.00% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 1.77% | +3.18% |
Volatility
PRIP.L vs. FLOA.L - Volatility Comparison
The current volatility for Amundi Prime US Corporates UCITS ETF DR (D) (PRIP.L) is 1.68%, while iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) has a volatility of 1.92%. This indicates that PRIP.L experiences smaller price fluctuations and is considered to be less risky than FLOA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIP.L | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.92% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.61% | 5.15% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.82% | 6.76% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.90% | 8.65% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.90% | 9.29% | -1.39% |
PRIP.L vs. FLOA.L - Expense Ratio Comparison
PRIP.L has a 0.05% expense ratio, which is lower than FLOA.L's 0.10% 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
PRIP.L vs. FLOA.L - Dividend Comparison
Neither PRIP.L nor FLOA.L has paid dividends to shareholders.
Frequently Asked Questions
PRIP.L and FLOA.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRIP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIP.L is cheaper with a 0.05% expense ratio, compared with 0.10% for FLOA.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRIP.L and 0.10% for FLOA.L.
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