PR1S.DE vs. TRDL.DE

Last updated Jun 5, 2026

PR1S.DE (Amundi Prime US Treasury UCITS ETF DR (D)) and TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) are both Government Bonds funds - PR1S.DE tracks the Solactive US Treasury Bond while TRDL.DE tracks the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 3 years, PR1S.DE returned 0.10%/yr vs -4.02%/yr for TRDL.DE. A 0.76 correlation means they provide meaningful diversification when combined. PR1S.DE charges 0.05%/yr vs 0.06%/yr for TRDL.DE.

Performance

PR1S.DE vs. TRDL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Prime US Treasury UCITS ETF DR (D) (PR1S.DE) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PR1S.DE achieves a 1.04% return, which is significantly higher than TRDL.DE's 0.56% return.

PR1S.DE

• 1D: 0.07%
• 1M: 0.83%
• YTD: 1.04%
• 6M: 0.32%
• 1Y: 1.64%
• 3Y*: 0.10%
• 5Y*: 0.57%
• 10Y*: —

TRDL.DE

• 1D: 0.19%
• 1M: 1.37%
• YTD: 0.56%
• 6M: -0.99%
• 1Y: 1.59%
• 3Y*: -4.02%
• 5Y*: —
• 10Y*: —

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

PR1S.DE vs. TRDL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PR1S.DE Amundi Prime US Treasury UCITS ETF DR (D)	1.04%	-5.53%	6.59%	0.45%	-6.07%
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist	0.56%	-6.69%	-1.18%	-1.92%	-4.24%

Correlation

The correlation between PR1S.DE and TRDL.DE is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022	0.76

The correlation between PR1S.DE and TRDL.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

PR1S.DE vs. TRDL.DE — Risk / Return Rank

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

PR1S.DE

PR1S.DE Risk / Return Rank: 13
PR1S.DE Sharpe Ratio Rank: 14
PR1S.DE Sortino Ratio Rank: 12
PR1S.DE Omega Ratio Rank: 12
PR1S.DE Calmar Ratio Rank: 14
PR1S.DE Martin Ratio Rank: 14

TRDL.DE

TRDL.DE Risk / Return Rank: 11
TRDL.DE Sharpe Ratio Rank: 12
TRDL.DE Sortino Ratio Rank: 11
TRDL.DE Omega Ratio Rank: 10
TRDL.DE Calmar Ratio Rank: 12
TRDL.DE Martin Ratio Rank: 11

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.

PR1S.DE vs. TRDL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Treasury UCITS ETF DR (D) (PR1S.DE) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.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.

	PR1S.DE	TRDL.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.18	+0.12
Sortino ratio: Return per unit of downside risk	0.46	0.31	+0.15
Omega ratio: Gain probability vs. loss probability	1.05	1.04	+0.02
Calmar ratio: Return relative to maximum drawdown	0.40	0.23	+0.17
Martin ratio: Return relative to average drawdown	1.01	0.51	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PR1S.DE vs. TRDL.DE - Sharpe Ratio Comparison

The current PR1S.DE Sharpe Ratio is 0.30, which is higher than the TRDL.DE Sharpe Ratio of 0.18. The chart below compares the historical Sharpe Ratios of PR1S.DE and TRDL.DE, 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

	PR1S.DE	TRDL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	0.18	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	-0.28	+0.19

Drawdowns

PR1S.DE vs. TRDL.DE - Drawdown Comparison

The maximum PR1S.DE drawdown since its inception was -17.15%, smaller than the maximum TRDL.DE drawdown of -21.20%. Use the drawdown chart below to compare losses from any high point for PR1S.DE and TRDL.DE.

Drawdown Indicators

	PR1S.DE	TRDL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.15%	-21.20%	+4.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.05%	-6.76%	+2.71%
Max Drawdown (3Y) Largest decline over 3 years	-11.04%	-16.89%	+5.85%
Max Drawdown (5Y) Largest decline over 5 years	-12.84%	—	—
Current Drawdown Current decline from peak	-12.54%	-16.50%	+3.96%
Average Drawdown Average peak-to-trough decline	-10.33%	-11.77%	+1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	3.09%	-1.47%

Volatility

PR1S.DE vs. TRDL.DE - Volatility Comparison

The current volatility for Amundi Prime US Treasury UCITS ETF DR (D) (PR1S.DE) is 0.86%, while Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a volatility of 2.50%. This indicates that PR1S.DE experiences smaller price fluctuations and is considered to be less risky than TRDL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PR1S.DE	TRDL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	2.50%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	3.80%	6.26%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	5.49%	9.00%	-3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.02%	13.14%	-5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.93%	13.14%	-4.21%

PR1S.DE vs. TRDL.DE - Expense Ratio Comparison

PR1S.DE has a 0.05% expense ratio, which is lower than TRDL.DE'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

PR1S.DE vs. TRDL.DE - Dividend Comparison

PR1S.DE's dividend yield for the trailing twelve months is around 3.19%, less than TRDL.DE's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PR1S.DE Amundi Prime US Treasury UCITS ETF DR (D)	3.19%	3.22%	2.83%	2.36%	1.91%	1.73%	2.14%	1.50%
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist	4.15%	4.26%	4.36%	2.87%	0.51%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PR1S.DE and TRDL.DE in my portfolio?

PR1S.DE and TRDL.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PR1S.DE or TRDL.DE?

On fees, PR1S.DE 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, PR1S.DE or TRDL.DE?

PR1S.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRDL.DE.

What is the main difference between PR1S.DE and TRDL.DE?

PR1S.DE tracks Solactive US Treasury Bond, while TRDL.DE tracks Bloomberg US Long Treasury Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PR1S.DE and 0.06% for TRDL.DE.