PRAS.DE vs. SYBT.DE

Last updated Jun 5, 2026

PRAS.DE (Amundi Prime US Treasury UCITS ETF) and SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds - PRAS.DE tracks the Solactive US Treasury Bond while SYBT.DE tracks the Bloomberg US Treasury. Both are passively managed. Over the past 5 years, PRAS.DE returned 0.57%/yr vs 0.43%/yr for SYBT.DE. With a 0.98 correlation, they move nearly in lockstep. PRAS.DE charges 0.05%/yr vs 0.15%/yr for SYBT.DE.

Performance

PRAS.DE vs. SYBT.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Prime US Treasury UCITS ETF (PRAS.DE) and SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRAS.DE achieves a 1.07% return, which is significantly higher than SYBT.DE's 0.91% return.

PRAS.DE

• 1D: 0.03%
• 1M: 0.83%
• YTD: 1.07%
• 6M: 0.30%
• 1Y: 1.60%
• 3Y*: 0.10%
• 5Y*: 0.57%
• 10Y*: —

SYBT.DE

• 1D: -0.19%
• 1M: 0.79%
• YTD: 0.91%
• 6M: 0.11%
• 1Y: 1.42%
• 3Y*: 0.03%
• 5Y*: 0.43%
• 10Y*: 0.75%

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

PRAS.DE vs. SYBT.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PRAS.DE Amundi Prime US Treasury UCITS ETF	1.07%	-5.52%	6.51%	0.42%	-6.75%	6.02%	-5.49%
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF	0.91%	-5.48%	6.46%	0.26%	-7.00%	5.72%	-5.43%

Correlation

The correlation between PRAS.DE and SYBT.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 30, 2020	0.98

The correlation between PRAS.DE and SYBT.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

PRAS.DE vs. SYBT.DE — Risk / Return Rank

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

PRAS.DE

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

SYBT.DE

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

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.

PRAS.DE vs. SYBT.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 US Treasury Bond UCITS ETF (SYBT.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.

	PRAS.DE	SYBT.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.29	0.25	+0.05
Sortino ratio: Return per unit of downside risk	0.46	0.40	+0.06
Omega ratio: Gain probability vs. loss probability	1.05	1.05	+0.01
Calmar ratio: Return relative to maximum drawdown	0.41	0.34	+0.07
Martin ratio: Return relative to average drawdown	1.00	0.88	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRAS.DE vs. SYBT.DE - Sharpe Ratio Comparison

The current PRAS.DE Sharpe Ratio is 0.29, which is comparable to the SYBT.DE Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of PRAS.DE and SYBT.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

	PRAS.DE	SYBT.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	0.25	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.05	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.35	-0.44

Drawdowns

PRAS.DE vs. SYBT.DE - Drawdown Comparison

The maximum PRAS.DE drawdown since its inception was -17.44%, roughly equal to the maximum SYBT.DE drawdown of -17.66%. Use the drawdown chart below to compare losses from any high point for PRAS.DE and SYBT.DE.

Drawdown Indicators

	PRAS.DE	SYBT.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-17.66%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-3.91%	-4.22%	+0.31%
Max Drawdown (3Y) Largest decline over 3 years	-11.09%	-11.03%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-12.89%	-13.06%	+0.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.66%	—
Current Drawdown Current decline from peak	-12.85%	-13.25%	+0.40%
Average Drawdown Average peak-to-trough decline	-11.40%	-8.61%	-2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	1.62%	-0.02%

Volatility

PRAS.DE vs. SYBT.DE - Volatility Comparison

The current volatility for Amundi Prime US Treasury UCITS ETF (PRAS.DE) is 0.80%, while SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a volatility of 1.34%. This indicates that PRAS.DE experiences smaller price fluctuations and is considered to be less risky than SYBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRAS.DE	SYBT.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.80%	1.34%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	3.73%	4.16%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	5.45%	5.77%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.00%	8.18%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.04%	7.74%	+0.30%

PRAS.DE vs. SYBT.DE - Expense Ratio Comparison

PRAS.DE has a 0.05% expense ratio, which is lower than SYBT.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. SYBT.DE - Dividend Comparison

PRAS.DE has not paid dividends to shareholders, while SYBT.DE's dividend yield for the trailing twelve months is around 3.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF	3.62%	3.70%	2.94%	2.22%	1.31%	0.92%	1.98%	3.24%	1.58%	1.66%	1.29%	1.25%

Frequently Asked Questions

Can I hold both PRAS.DE and SYBT.DE in my portfolio?

With a correlation of 0.94, PRAS.DE and SYBT.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.

Which ETF is better, PRAS.DE or SYBT.DE?

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.

Which ETF is cheaper, PRAS.DE or SYBT.DE?

PRAS.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for SYBT.DE.

What is the main difference between PRAS.DE and SYBT.DE?

PRAS.DE tracks Solactive US Treasury Bond, while SYBT.DE tracks Bloomberg US Treasury. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.05% for PRAS.DE and 0.15% for SYBT.DE.