PRAS.DE vs. SPP3.DE
PRAS.DE (Amundi Prime US Treasury UCITS ETF) and SPP3.DE (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - PRAS.DE tracks the Solactive US Treasury Bond while SPP3.DE tracks the Bloomberg US 3-7 Year Treasury Bond. Both are passively managed. Over the past 5 years, PRAS.DE returned 0.76%/yr vs 1.44%/yr for SPP3.DE. Their correlation of 0.91 suggests significant overlap in exposure. PRAS.DE charges 0.05%/yr vs 0.15%/yr for SPP3.DE.
Performance
PRAS.DE vs. SPP3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PRAS.DE achieves a 4.15% return, which is significantly higher than SPP3.DE's 3.41% return.
PRAS.DE
- 1D
- 0.17%
- 1M
- 3.37%
- YTD
- 4.15%
- 6M
- 4.63%
- 1Y
- 5.98%
- 3Y*
- 1.74%
- 5Y*
- 0.76%
- 10Y*
- —
SPP3.DE
- 1D
- -0.08%
- 1M
- 2.71%
- YTD
- 3.41%
- 6M
- 3.84%
- 1Y
- 5.21%
- 3Y*
- 2.45%
- 5Y*
- 1.44%
- 10Y*
- 0.87%
PRAS.DE vs. SPP3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PRAS.DE Amundi Prime US Treasury UCITS ETF | 4.15% | -5.50% | 6.49% | 0.41% | -6.73% | 6.04% | -13.19% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.41% | -4.58% | 7.67% | 0.68% | -3.88% | 5.69% | -4.08% |
Correlation
The correlation between PRAS.DE and SPP3.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.91 |
The correlation between PRAS.DE and SPP3.DE shifts across timeframes, from 0.76 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRAS.DE vs. SPP3.DE — Risk / Return Rank
PRAS.DE
SPP3.DE
PRAS.DE vs. SPP3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Treasury UCITS ETF (PRAS.DE) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.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.
| PRAS.DE | SPP3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.28 | +0.35 |
| Martin ratioReturn relative to average drawdown | 4.10 | 3.34 | +0.76 |
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Drawdowns
PRAS.DE vs. SPP3.DE - Drawdown Comparison
The maximum PRAS.DE drawdown since its inception was -17.76%, smaller than the maximum SPP3.DE drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for PRAS.DE and SPP3.DE.
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Drawdown Indicators
| PRAS.DE | SPP3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.76% | -21.43% | +3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -4.07% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.10% | -9.93% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -12.85% | -12.33% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.43% | — |
Current DrawdownCurrent decline from peak | -10.54% | -4.48% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -11.87% | -8.94% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.56% | -0.11% |
Volatility
PRAS.DE vs. SPP3.DE - Volatility Comparison
Amundi Prime US Treasury UCITS ETF (PRAS.DE) has a higher volatility of 1.59% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) at 1.27%. This indicates that PRAS.DE's price experiences larger fluctuations and is considered to be riskier than SPP3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAS.DE | SPP3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.27% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 3.73% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.74% | 5.31% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 7.55% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.82% | 10.58% | -1.76% |
PRAS.DE vs. SPP3.DE - Expense Ratio Comparison
PRAS.DE has a 0.05% expense ratio, which is lower than SPP3.DE's 0.15% 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
PRAS.DE vs. SPP3.DE - Dividend Comparison
PRAS.DE has not paid dividends to shareholders, while SPP3.DE's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PRAS.DE Amundi Prime US Treasury UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.82% | 3.96% | 3.12% | 1.99% | 1.13% | 0.93% | 1.80% | 2.12% | 1.59% | 1.48% | 0.44% |
Frequently Asked Questions
PRAS.DE and SPP3.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAS.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for SPP3.DE.
PRAS.DE tracks Solactive US Treasury Bond, while SPP3.DE tracks Bloomberg US 3-7 Year Treasury Bond. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.05% for PRAS.DE and 0.15% for SPP3.DE.
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