PRIR.L vs. CE71.L
PRIR.L (Amundi Prime Euro Govies UCITS ETF DR (D)) and CE71.L (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, PRIR.L returned -2.07%/yr vs -0.55%/yr for CE71.L. A 0.57 correlation means they provide meaningful diversification when combined. PRIR.L charges 0.05%/yr vs 0.15%/yr for CE71.L.
Performance
PRIR.L vs. CE71.L - Performance Comparison
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Returns By Period
In the year-to-date period, PRIR.L achieves a -0.78% return, which is significantly higher than CE71.L's -1.10% return.
PRIR.L
- 1D
- 0.24%
- 1M
- 0.90%
- YTD
- -0.78%
- 6M
- -0.88%
- 1Y
- 2.66%
- 3Y*
- 2.43%
- 5Y*
- -2.07%
- 10Y*
- —
CE71.L
- 1D
- 0.20%
- 1M
- 0.75%
- YTD
- -1.10%
- 6M
- -1.03%
- 1Y
- 3.12%
- 3Y*
- 2.91%
- 5Y*
- -0.55%
- 10Y*
- 1.36%
PRIR.L vs. CE71.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRIR.L Amundi Prime Euro Govies UCITS ETF DR (D) | -0.78% | 5.74% | -3.03% | 4.65% | -13.31% | -10.41% | 10.86% | 3.33% |
CE71.L iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -1.10% | 7.79% | -2.51% | 3.91% | -7.07% | -8.68% | 8.08% | 0.54% |
Correlation
The correlation between PRIR.L and CE71.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2019 | 0.57 |
Over the past year, PRIR.L and CE71.L have become more correlated (0.90) than their long-term average of 0.57, meaning their price movements have been converging.
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Return for Risk
PRIR.L vs. CE71.L — Risk / Return Rank
PRIR.L
CE71.L
PRIR.L vs. CE71.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L) and iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.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.
| PRIR.L | CE71.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.74 | -0.15 |
| Martin ratioReturn relative to average drawdown | 1.36 | 1.76 | -0.40 |
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
| PRIR.L | CE71.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.64 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.09 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.19 | -0.31 |
Drawdowns
PRIR.L vs. CE71.L - Drawdown Comparison
The maximum PRIR.L drawdown since its inception was -25.98%, which is greater than CE71.L's maximum drawdown of -19.41%. Use the drawdown chart below to compare losses from any high point for PRIR.L and CE71.L.
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Drawdown Indicators
| PRIR.L | CE71.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.98% | -19.41% | -6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.70% | -4.18% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -5.12% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -14.10% | -6.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.41% | — |
Current DrawdownCurrent decline from peak | -18.21% | -9.79% | -8.42% |
Average DrawdownAverage peak-to-trough decline | -18.53% | -10.39% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.77% | +0.24% |
Volatility
PRIR.L vs. CE71.L - Volatility Comparison
Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L) has a higher volatility of 1.81% compared to iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) at 1.52%. This indicates that PRIR.L's price experiences larger fluctuations and is considered to be riskier than CE71.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIR.L | CE71.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.52% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 3.66% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.71% | 4.84% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.66% | 6.36% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.68% | 9.25% | +1.43% |
PRIR.L vs. CE71.L - Expense Ratio Comparison
PRIR.L has a 0.05% expense ratio, which is lower than CE71.L's 0.15% 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
PRIR.L vs. CE71.L - Dividend Comparison
PRIR.L's dividend yield for the trailing twelve months is around 2.75%, while CE71.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CE71.L iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRIR.L Amundi Prime Euro Govies UCITS ETF DR (D) | 2.75% | 2.72% | 2.07% | 1.88% | 1.83% | 1.57% | 1.64% | 1.05% |
Frequently Asked Questions
PRIR.L and CE71.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRIR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIR.L is cheaper with a 0.05% expense ratio, compared with 0.15% for CE71.L.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRIR.L and 0.15% for CE71.L.
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