PR1S.DE vs. TRFE.DE
PR1S.DE (Amundi Prime US Treasury UCITS ETF DR (D)) and TRFE.DE (Invesco US Treasury Bond UCITS ETF EUR Hdg Dist) are both Government Bonds funds - PR1S.DE tracks the Solactive US Treasury Bond while TRFE.DE tracks the Bloomberg U.S. Treasury Total Return Index. Both are passively managed. Over the past 3 years, PR1S.DE returned 2.25%/yr vs 0.92%/yr for TRFE.DE. At a 0.37 correlation, their price movements are largely independent. PR1S.DE charges 0.05%/yr vs 0.10%/yr for TRFE.DE.
Performance
PR1S.DE vs. TRFE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PR1S.DE achieves a 2.75% return, which is significantly higher than TRFE.DE's -1.43% return.
PR1S.DE
- 1D
- 0.30%
- 1M
- 1.11%
- 6M
- 1.42%
- YTD
- 2.75%
- 1Y
- 4.73%
- 3Y*
- 2.25%
- 5Y*
- 0.03%
- 10Y*
- —
TRFE.DE
- 1D
- 0.19%
- 1M
- -0.39%
- 6M
- -0.87%
- YTD
- -1.43%
- 1Y
- 1.36%
- 3Y*
- 0.92%
- 5Y*
- —
- 10Y*
- —
PR1S.DE vs. TRFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PR1S.DE Amundi Prime US Treasury UCITS ETF DR (D) | 2.75% | -5.53% | 6.59% | 0.45% | -6.23% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | -1.43% | 4.63% | -1.17% | 1.55% | 4.74% |
Correlation
The correlation between PR1S.DE and TRFE.DE is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.37 |
Over the past year, the correlation between PR1S.DE and TRFE.DE has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PR1S.DE vs. TRFE.DE — Risk / Return Rank
PR1S.DE
TRFE.DE
PR1S.DE vs. TRFE.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 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.
| PR1S.DE | TRFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.06 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.40 | +0.78 |
| Martin ratioReturn relative to average drawdown | 3.05 | 0.99 | +2.06 |
Loading charts...
Drawdowns
PR1S.DE vs. TRFE.DE - Drawdown Comparison
The maximum PR1S.DE drawdown since its inception was -17.17%, roughly equal to the maximum TRFE.DE drawdown of -17.11%. Use the drawdown chart below to compare losses from any high point for PR1S.DE and TRFE.DE.
Loading charts...
Drawdown Indicators
| PR1S.DE | TRFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -17.11% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.40% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -5.46% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -12.87% | — | — |
Current DrawdownCurrent decline from peak | -11.07% | -9.88% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -10.81% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.38% | +0.17% |
Volatility
PR1S.DE vs. TRFE.DE - Volatility Comparison
Amundi Prime US Treasury UCITS ETF DR (D) (PR1S.DE) has a higher volatility of 1.31% compared to Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) at 1.02%. This indicates that PR1S.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.
Loading charts...
Volatility by Period
| PR1S.DE | TRFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.02% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 2.75% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 3.99% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.97% | 11.18% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.75% | 11.18% | -2.43% |
PR1S.DE vs. TRFE.DE - Expense Ratio Comparison
PR1S.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
PR1S.DE vs. TRFE.DE - Dividend Comparison
PR1S.DE's dividend yield for the trailing twelve months is around 3.13%, less than TRFE.DE's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1S.DE Amundi Prime US Treasury UCITS ETF DR (D) | 3.13% | 3.22% | 2.83% | 2.36% | 1.91% | 1.73% | 2.14% | 1.50% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | 4.28% | 4.10% | 4.30% | 3.77% | 1.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PR1S.DE and TRFE.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.10% for TRFE.DE.
PR1S.DE tracks Solactive US Treasury Bond, 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 PR1S.DE and 0.10% for TRFE.DE.
Find the right allocation for PR1S.DE and TRFE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer