PRIT.L vs. CNYB.L
PRIT.L (Amundi Prime US Treasury UCITS ETF DR (D)) and CNYB.L (iShares China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - PRIT.L is a Government Bonds fund tracking the Solactive US Treasury Bond Index, while CNYB.L is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, PRIT.L returned 0.04%/yr vs 3.58%/yr for CNYB.L. A 0.56 correlation means they provide meaningful diversification when combined. PRIT.L charges 0.05%/yr vs 0.35%/yr for CNYB.L.
Performance
PRIT.L vs. CNYB.L - Performance Comparison
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Different Trading Currencies
PRIT.L is traded in GBp, while CNYB.L is traded in GBP. To make them comparable, the CNYB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PRIT.L achieves a 0.11% return, which is significantly lower than CNYB.L's 5.08% return.
PRIT.L
- 1D
- 0.10%
- 1M
- 0.03%
- 6M
- -0.02%
- YTD
- 0.11%
- 1Y
- 3.39%
- 3Y*
- 2.17%
- 5Y*
- 0.04%
- 10Y*
- —
CNYB.L
- 1D
- 0.23%
- 1M
- -0.13%
- 6M
- 4.82%
- YTD
- 5.08%
- 1Y
- 7.11%
- 3Y*
- 4.85%
- 5Y*
- 3.58%
- 10Y*
- —
PRIT.L vs. CNYB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | 0.11% | -1.06% | 2.58% | -1.73% | -1.78% | -0.98% | 4.03% | -3.43% |
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 5.08% | -2.20% | 6.65% | -4.09% | 6.21% | 9.69% | -19.80% | 0.53% |
Correlation
The correlation between PRIT.L and CNYB.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019 | 0.56 |
The correlation between PRIT.L and CNYB.L shifts across timeframes, from 0.56 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRIT.L vs. CNYB.L — Risk / Return Rank
PRIT.L
CNYB.L
PRIT.L vs. CNYB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L) and iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRIT.L | CNYB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.57 | -1.88 |
| Martin ratioReturn relative to average drawdown | 1.57 | 6.13 | -4.55 |
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Drawdowns
PRIT.L vs. CNYB.L - Drawdown Comparison
The maximum PRIT.L drawdown since its inception was -24.81%, roughly equal to the maximum CNYB.L drawdown of -25.82%. Use the drawdown chart below to compare losses from any high point for PRIT.L and CNYB.L.
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Drawdown Indicators
| PRIT.L | CNYB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.81% | -25.82% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -2.75% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -8.19% | -9.03% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -16.09% | -15.44% | -0.65% |
Current DrawdownCurrent decline from peak | -18.47% | -7.25% | -11.22% |
Average DrawdownAverage peak-to-trough decline | -17.37% | -12.53% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.16% | +1.12% |
Volatility
PRIT.L vs. CNYB.L - Volatility Comparison
Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L) has a higher volatility of 1.86% compared to iShares China CNY Bond UCITS ETF USD (Dist) (CNYB.L) at 1.68%. This indicates that PRIT.L's price experiences larger fluctuations and is considered to be riskier than CNYB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIT.L | CNYB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.68% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 4.69% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 6.29% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.67% | 7.66% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.82% | 11.48% | +1.34% |
PRIT.L vs. CNYB.L - Expense Ratio Comparison
PRIT.L has a 0.05% expense ratio, which is lower than CNYB.L's 0.35% expense ratio.
Dividends
PRIT.L vs. CNYB.L - Dividend Comparison
PRIT.L's dividend yield for the trailing twelve months is around 3.22%, more than CNYB.L's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CNYB.L iShares China CNY Bond UCITS ETF USD (Dist) | 1.72% | 1.89% | 2.24% | 2.55% | 2.72% | 2.74% | 2.65% | 0.72% |
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | 3.22% | 3.22% | 2.79% | 2.34% | 1.88% | 1.74% | 2.11% | 1.94% |
Frequently Asked Questions
PRIT.L and CNYB.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRIT.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIT.L is cheaper with a 0.05% expense ratio, compared with 0.35% for CNYB.L.
PRIT.L is categorized as Government Bonds, while CNYB.L is Emerging Markets Bonds. PRIT.L tracks Solactive US Treasury Bond Index, while CNYB.L tracks Bloomberg China Treasury + Policy Bank Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.05% for PRIT.L and 0.35% for CNYB.L.
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