PR1S.DE vs. TRDS.DE
PR1S.DE (Amundi Prime US Treasury UCITS ETF DR (D)) and TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) are both Government Bonds funds - PR1S.DE tracks the Solactive US Treasury Bond while TRDS.DE tracks the Bloomberg US Treasury Index. Both are passively managed. Over the past 5 years, PR1S.DE returned 0.57%/yr vs 0.24%/yr for TRDS.DE. Their correlation of 0.91 suggests significant overlap in exposure. PR1S.DE charges 0.05%/yr vs 0.06%/yr for TRDS.DE.
Performance
PR1S.DE vs. TRDS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PR1S.DE achieves a 1.04% return, which is significantly higher than TRDS.DE's 0.86% 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*
- —
TRDS.DE
- 1D
- -0.02%
- 1M
- 0.72%
- YTD
- 0.86%
- 6M
- 0.02%
- 1Y
- 1.02%
- 3Y*
- -0.30%
- 5Y*
- 0.24%
- 10Y*
- —
PR1S.DE vs. TRDS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PR1S.DE Amundi Prime US Treasury UCITS ETF DR (D) | 1.04% | -5.53% | 6.59% | 0.45% | -6.79% | 5.94% | -1.86% | -5.27% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 0.86% | -5.91% | 6.16% | 0.07% | -6.97% | 5.67% | -2.04% | 6.04% |
Correlation
The correlation between PR1S.DE and TRDS.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2019 | 0.91 |
The correlation between PR1S.DE and TRDS.DE has been stable across timeframes, ranging from 0.91 to 0.99 - a consistent structural relationship.
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Return for Risk
PR1S.DE vs. TRDS.DE — Risk / Return Rank
PR1S.DE
TRDS.DE
PR1S.DE vs. TRDS.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 UCITS ETF Dist (TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.24 | +0.16 |
| Martin ratioReturn relative to average drawdown | 1.01 | 0.60 | +0.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PR1S.DE | TRDS.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 | 0.03 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.05 | -0.14 |
Drawdowns
PR1S.DE vs. TRDS.DE - Drawdown Comparison
The maximum PR1S.DE drawdown since its inception was -17.15%, roughly equal to the maximum TRDS.DE drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for PR1S.DE and TRDS.DE.
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Drawdown Indicators
| PR1S.DE | TRDS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.15% | -17.77% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -4.13% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.04% | -11.21% | +0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -13.10% | +0.26% |
Current DrawdownCurrent decline from peak | -12.54% | -14.15% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -10.46% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.68% | -0.06% |
Volatility
PR1S.DE vs. TRDS.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 UCITS ETF Dist (TRDS.DE) has a volatility of 0.93%. This indicates that PR1S.DE experiences smaller price fluctuations and is considered to be less risky than TRDS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR1S.DE | TRDS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.93% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.80% | 3.90% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 5.61% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 8.04% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 7.80% | +1.13% |
PR1S.DE vs. TRDS.DE - Expense Ratio Comparison
PR1S.DE has a 0.05% expense ratio, which is lower than TRDS.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. TRDS.DE - Dividend Comparison
PR1S.DE's dividend yield for the trailing twelve months is around 3.19%, less than TRDS.DE's 3.65% 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% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.65% | 3.76% | 3.83% | 3.58% | 1.90% | 0.94% | 1.47% | 1.48% |
Frequently Asked Questions
With a correlation of 0.96, PR1S.DE and TRDS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
PR1S.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRDS.DE.
PR1S.DE tracks Solactive US Treasury Bond, while TRDS.DE tracks Bloomberg US Treasury Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PR1S.DE and 0.06% for TRDS.DE.
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