XGSG.L vs. PRIG.L

Last updated Jun 5, 2026

XGSG.L (Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged) and PRIG.L (Amundi Prime Global Govies UCITS ETF DR (D)) are both Global Bonds funds - XGSG.L tracks the Bloomberg Global Aggregate TR Hdg GBP while PRIG.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, XGSG.L returned -3.22%/yr vs -2.19%/yr for PRIG.L. A 0.52 correlation means they provide meaningful diversification when combined. XGSG.L charges 0.25%/yr vs 0.05%/yr for PRIG.L.

Performance

XGSG.L vs. PRIG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) and Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XGSG.L achieves a -1.67% return, which is significantly lower than PRIG.L's -0.87% return.

XGSG.L

• 1D: 0.00%
• 1M: -0.33%
• YTD: -1.67%
• 6M: -1.46%
• 1Y: -1.24%
• 3Y*: -0.11%
• 5Y*: -3.22%
• 10Y*: -1.29%

PRIG.L

• 1D: 0.06%
• 1M: 0.80%
• YTD: -0.87%
• 6M: -1.36%
• 1Y: 1.26%
• 3Y*: -0.72%
• 5Y*: -2.19%
• 10Y*: —

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

XGSG.L vs. PRIG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged	-1.67%	0.95%	-1.45%	3.09%	-16.07%	-4.09%	4.20%	3.80%
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	-0.87%	-0.19%	-1.79%	-1.09%	-8.28%	-5.90%	5.97%	6.26%

Correlation

The correlation between XGSG.L and PRIG.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019	0.52

The correlation between XGSG.L and PRIG.L shifts across timeframes, from 0.36 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XGSG.L vs. PRIG.L — Risk / Return Rank

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

XGSG.L

XGSG.L Risk / Return Rank: 6
XGSG.L Sharpe Ratio Rank: 7
XGSG.L Sortino Ratio Rank: 6
XGSG.L Omega Ratio Rank: 6
XGSG.L Calmar Ratio Rank: 6
XGSG.L Martin Ratio Rank: 5

PRIG.L

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

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.

XGSG.L vs. PRIG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) and Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.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.

	XGSG.L	PRIG.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	0.26	-0.51
Sortino ratio: Return per unit of downside risk	-0.30	0.42	-0.73
Omega ratio: Gain probability vs. loss probability	0.96	1.05	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.33	0.28	-0.61
Martin ratio: Return relative to average drawdown	-0.85	0.54	-1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XGSG.L vs. PRIG.L - Sharpe Ratio Comparison

The current XGSG.L Sharpe Ratio is -0.25, which is lower than the PRIG.L Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of XGSG.L and PRIG.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

	XGSG.L	PRIG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.26	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.58	-0.31	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	-0.12	+0.01

Drawdowns

XGSG.L vs. PRIG.L - Drawdown Comparison

The maximum XGSG.L drawdown since its inception was -23.52%, smaller than the maximum PRIG.L drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for XGSG.L and PRIG.L.

Drawdown Indicators

	XGSG.L	PRIG.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.52%	-26.02%	+2.50%
Max Drawdown (1Y) Largest decline over 1 year	-3.73%	-4.46%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-4.86%	-5.35%	+0.49%
Max Drawdown (5Y) Largest decline over 5 years	-20.36%	-17.03%	-3.33%
Max Drawdown (10Y) Largest decline over 10 years	-23.52%	—	—
Current Drawdown Current decline from peak	-20.27%	-23.84%	+3.57%
Average Drawdown Average peak-to-trough decline	-8.29%	-16.42%	+8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.46%	2.32%	-0.86%

Volatility

XGSG.L vs. PRIG.L - Volatility Comparison

Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged (XGSG.L) has a higher volatility of 1.48% compared to Amundi Prime Global Govies UCITS ETF DR (D) (PRIG.L) at 1.26%. This indicates that XGSG.L's price experiences larger fluctuations and is considered to be riskier than PRIG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XGSG.L	PRIG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	1.26%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	2.92%	3.50%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	5.04%	4.85%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.52%	7.13%	-1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	7.75%	-3.07%

XGSG.L vs. PRIG.L - Expense Ratio Comparison

XGSG.L has a 0.25% expense ratio, which is higher than PRIG.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

XGSG.L vs. PRIG.L - Dividend Comparison

XGSG.L's dividend yield for the trailing twelve months is around 0.03%, less than PRIG.L's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRIG.L Amundi Prime Global Govies UCITS ETF DR (D)	2.98%	2.96%	2.31%	1.97%	1.72%	1.50%	1.75%	1.23%	0.00%	0.00%	0.00%	0.00%
XGSG.L Xtrackers II Global Government Bond UCITS ETF 2D GBP Hedged	0.03%	0.03%	0.03%	0.02%	0.03%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%

Frequently Asked Questions

Can I hold both XGSG.L and PRIG.L in my portfolio?

XGSG.L and PRIG.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XGSG.L or PRIG.L?

On fees, PRIG.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, XGSG.L or PRIG.L?

PRIG.L is cheaper with a 0.05% expense ratio, compared with 0.25% for XGSG.L.

What is the main difference between XGSG.L and PRIG.L?

XGSG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while PRIG.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XGSG.L and 0.05% for PRIG.L.