SPEH.L vs. PR1T.L
SPEH.L (iShares Spain Govt Bond UCITS ETF USD Hedged (Acc)) and PR1T.L (Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)) are both Government Bonds funds - SPEH.L tracks the iShares Spain Govt Bond UCITS ETF USD Hedged (Acc) while PR1T.L tracks the Solactive US Treasury 0-1 Year Bond Index. Both are passively managed. Over the past 5 years, SPEH.L returned -0.14%/yr vs 3.32%/yr for PR1T.L. At a 0.22 correlation, their price movements are largely independent. SPEH.L charges 0.22%/yr vs 0.05%/yr for PR1T.L.
Performance
SPEH.L vs. PR1T.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPEH.L achieves a 0.87% return, which is significantly lower than PR1T.L's 1.86% return.
SPEH.L
- 1D
- -0.17%
- 1M
- -0.68%
- 6M
- 0.34%
- YTD
- 0.87%
- 1Y
- 3.37%
- 3Y*
- 5.12%
- 5Y*
- -0.14%
- 10Y*
- —
PR1T.L
- 1D
- 0.04%
- 1M
- 0.30%
- 6M
- 1.72%
- YTD
- 1.86%
- 1Y
- 3.87%
- 3Y*
- 4.60%
- 5Y*
- 3.32%
- 10Y*
- —
SPEH.L vs. PR1T.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPEH.L iShares Spain Govt Bond UCITS ETF USD Hedged (Acc) | 0.87% | 3.59% | 4.70% | 9.02% | -16.01% | -2.52% | 1.88% |
PR1T.L Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) | 1.86% | 4.23% | 5.21% | 4.82% | 0.61% | 0.09% | -0.07% |
Correlation
The correlation between SPEH.L and PR1T.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020 | 0.22 |
The correlation between SPEH.L and PR1T.L shifts across timeframes, from 0.08 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPEH.L vs. PR1T.L — Risk / Return Rank
SPEH.L
PR1T.L
SPEH.L vs. PR1T.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Govt Bond UCITS ETF USD Hedged (Acc) (SPEH.L) and Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.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.
| SPEH.L | PR1T.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.81 | ||
| Sortino ratioReturn per unit of downside risk | -25.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 10.84 | -9.69 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 45.42 | -44.38 |
| Martin ratioReturn relative to average drawdown | 3.13 | 397.95 | -394.82 |
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Drawdowns
SPEH.L vs. PR1T.L - Drawdown Comparison
The maximum SPEH.L drawdown since its inception was -19.03%, which is greater than PR1T.L's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for SPEH.L and PR1T.L.
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Drawdown Indicators
| SPEH.L | PR1T.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -0.56% | -18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -0.08% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.54% | -0.08% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -0.56% | -17.65% |
Current DrawdownCurrent decline from peak | -2.84% | 0.00% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -0.05% | -6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.01% | +1.06% |
Volatility
SPEH.L vs. PR1T.L - Volatility Comparison
iShares Spain Govt Bond UCITS ETF USD Hedged (Acc) (SPEH.L) has a higher volatility of 1.16% compared to Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.L) at 0.18%. This indicates that SPEH.L's price experiences larger fluctuations and is considered to be riskier than PR1T.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEH.L | PR1T.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.18% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.60% | 0.29% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 0.40% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 0.45% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 0.43% | +5.39% |
SPEH.L vs. PR1T.L - Expense Ratio Comparison
SPEH.L has a 0.22% expense ratio, which is higher than PR1T.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPEH.L vs. PR1T.L - Dividend Comparison
Neither SPEH.L nor PR1T.L has paid dividends to shareholders.
Frequently Asked Questions
SPEH.L and PR1T.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1T.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1T.L is cheaper with a 0.05% expense ratio, compared with 0.22% for SPEH.L.
SPEH.L tracks iShares Spain Govt Bond UCITS ETF USD Hedged (Acc), while PR1T.L tracks Solactive US Treasury 0-1 Year Bond Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.22% for SPEH.L and 0.05% for PR1T.L.
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