PRIR.L vs. GLTA.L

Last updated Jun 5, 2026

PRIR.L (Amundi Prime Euro Govies UCITS ETF DR (D)) and GLTA.L (Invesco UK Gilts UCITS ETF Acc) are both European Government Bonds funds - PRIR.L tracks the Bloomberg Euro Agg Govt TR EUR while GLTA.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, PRIR.L returned -2.07%/yr vs -4.77%/yr for GLTA.L. At a 0.37 correlation, their price movements are largely independent. PRIR.L charges 0.05%/yr vs 0.06%/yr for GLTA.L.

Performance

PRIR.L vs. GLTA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L) and Invesco UK Gilts UCITS ETF Acc (GLTA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRIR.L achieves a -0.78% return, which is significantly higher than GLTA.L's -1.16% 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*: —

GLTA.L

• 1D: 0.22%
• 1M: 1.66%
• YTD: -1.16%
• 6M: -1.33%
• 1Y: 1.96%
• 3Y*: 2.19%
• 5Y*: -4.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRIR.L vs. GLTA.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%	-1.62%
GLTA.L Invesco UK Gilts UCITS ETF Acc	-1.16%	4.99%	-4.18%	3.52%	-25.15%	-5.17%	8.71%	1.44%

Correlation

The correlation between PRIR.L and GLTA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019	0.37

The correlation between PRIR.L and GLTA.L shifts across timeframes, from 0.37 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PRIR.L vs. GLTA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRIR.L

PRIR.L Risk / Return Rank: 16
PRIR.L Sharpe Ratio Rank: 17
PRIR.L Sortino Ratio Rank: 16
PRIR.L Omega Ratio Rank: 15
PRIR.L Calmar Ratio Rank: 17
PRIR.L Martin Ratio Rank: 15

GLTA.L

GLTA.L Risk / Return Rank: 13
GLTA.L Sharpe Ratio Rank: 14
GLTA.L Sortino Ratio Rank: 12
GLTA.L Omega Ratio Rank: 13
GLTA.L Calmar Ratio Rank: 13
GLTA.L Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRIR.L vs. GLTA.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 Invesco UK Gilts UCITS ETF Acc (GLTA.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	GLTA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.49	0.30	+0.18
Sortino ratio: Return per unit of downside risk	0.74	0.46	+0.29
Omega ratio: Gain probability vs. loss probability	1.08	1.06	+0.03
Calmar ratio: Return relative to maximum drawdown	0.59	0.34	+0.25
Martin ratio: Return relative to average drawdown	1.36	0.90	+0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRIR.L vs. GLTA.L - Sharpe Ratio Comparison

The current PRIR.L Sharpe Ratio is 0.49, which is higher than the GLTA.L Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of PRIR.L and GLTA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRIR.L	GLTA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.30	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	-0.45	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	-0.29	+0.17

Drawdowns

PRIR.L vs. GLTA.L - Drawdown Comparison

The maximum PRIR.L drawdown since its inception was -25.98%, smaller than the maximum GLTA.L drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for PRIR.L and GLTA.L.

Drawdown Indicators

	PRIR.L	GLTA.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.98%	-36.99%	+11.01%
Max Drawdown (1Y) Largest decline over 1 year	-4.70%	-5.70%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-7.70%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	-20.58%	-34.87%	+14.29%
Current Drawdown Current decline from peak	-18.21%	-28.33%	+10.12%
Average Drawdown Average peak-to-trough decline	-18.53%	-19.08%	+0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.17%	-0.16%

Volatility

PRIR.L vs. GLTA.L - Volatility Comparison

The current volatility for Amundi Prime Euro Govies UCITS ETF DR (D) (PRIR.L) is 1.81%, while Invesco UK Gilts UCITS ETF Acc (GLTA.L) has a volatility of 2.77%. This indicates that PRIR.L experiences smaller price fluctuations and is considered to be less risky than GLTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIR.L	GLTA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.81%	2.77%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	4.31%	5.12%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	5.71%	6.47%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.66%	10.56%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.68%	10.31%	+0.37%

PRIR.L vs. GLTA.L - Expense Ratio Comparison

PRIR.L has a 0.05% expense ratio, which is lower than GLTA.L's 0.06% 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. GLTA.L - Dividend Comparison

PRIR.L's dividend yield for the trailing twelve months is around 2.75%, while GLTA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GLTA.L Invesco UK Gilts 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

Can I hold both PRIR.L and GLTA.L in my portfolio?

PRIR.L and GLTA.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRIR.L or GLTA.L?

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.

Which ETF is cheaper, PRIR.L or GLTA.L?

PRIR.L is cheaper with a 0.05% expense ratio, compared with 0.06% for GLTA.L.

What is the main difference between PRIR.L and GLTA.L?

PRIR.L tracks Bloomberg Euro Agg Govt TR EUR, while GLTA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PRIR.L and 0.06% for GLTA.L.