PR1G.DE vs. TRFE.DE
PR1G.DE (Amundi Prime Global Government Bond UCITS ETF (Dist)) and TRFE.DE (Invesco US Treasury Bond UCITS ETF EUR Hdg Dist) are both Government Bonds funds - PR1G.DE tracks the Solactive Global Developed Government Bond Index while TRFE.DE tracks the Bloomberg U.S. Treasury Total Return Index. Both are passively managed. Over the past 3 years, PR1G.DE returned 0.63%/yr vs 0.94%/yr for TRFE.DE. A 0.62 correlation means they provide meaningful diversification when combined. PR1G.DE charges 0.05%/yr vs 0.10%/yr for TRFE.DE.
Performance
PR1G.DE vs. TRFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PR1G.DE achieves a 1.17% return, which is significantly higher than TRFE.DE's -1.53% return.
PR1G.DE
- 1D
- 0.31%
- 1M
- 0.43%
- 6M
- 0.61%
- YTD
- 1.17%
- 1Y
- 1.83%
- 3Y*
- 0.63%
- 5Y*
- -2.68%
- 10Y*
- —
TRFE.DE
- 1D
- 0.16%
- 1M
- -0.36%
- 6M
- -1.25%
- YTD
- -1.53%
- 1Y
- 1.55%
- 3Y*
- 0.94%
- 5Y*
- —
- 10Y*
- —
PR1G.DE vs. TRFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 1.17% | -4.74% | 2.19% | 1.15% | -12.34% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | -1.53% | 4.63% | -1.17% | 1.55% | 4.74% |
Correlation
The correlation between PR1G.DE and TRFE.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.62 |
The correlation between PR1G.DE and TRFE.DE shifts across timeframes, from 0.44 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PR1G.DE vs. TRFE.DE — Risk / Return Rank
PR1G.DE
TRFE.DE
PR1G.DE vs. TRFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) and Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE). 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.
| PR1G.DE | TRFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.45 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.32 | 1.14 | +0.18 |
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Drawdowns
PR1G.DE vs. TRFE.DE - Drawdown Comparison
The maximum PR1G.DE drawdown since its inception was -20.86%, which is greater than TRFE.DE's maximum drawdown of -17.11%. Use the drawdown chart below to compare losses from any high point for PR1G.DE and TRFE.DE.
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Drawdown Indicators
| PR1G.DE | TRFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -17.11% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -3.40% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -7.94% | -5.46% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | — | — |
Current DrawdownCurrent decline from peak | -18.21% | -9.97% | -8.24% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -10.81% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.36% | +0.03% |
Volatility
PR1G.DE vs. TRFE.DE - Volatility Comparison
Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) has a higher volatility of 1.27% compared to Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) at 0.99%. This indicates that PR1G.DE's price experiences larger fluctuations and is considered to be riskier than TRFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR1G.DE | TRFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.99% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.76% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.00% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.47% | 11.19% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 11.19% | -5.09% |
PR1G.DE vs. TRFE.DE - Expense Ratio Comparison
PR1G.DE has a 0.05% expense ratio, which is lower than TRFE.DE's 0.10% 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
PR1G.DE vs. TRFE.DE - Dividend Comparison
PR1G.DE's dividend yield for the trailing twelve months is around 2.92%, less than TRFE.DE's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 2.92% | 2.96% | 2.34% | 1.99% | 1.74% | 1.50% | 1.77% | 1.23% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | 4.29% | 4.10% | 4.30% | 3.77% | 1.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PR1G.DE and TRFE.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1G.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1G.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for TRFE.DE.
PR1G.DE tracks Solactive Global Developed Government Bond Index, while TRFE.DE tracks Bloomberg U.S. Treasury Total Return Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PR1G.DE and 0.10% for TRFE.DE.
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