PRAS.DE vs. SYBW.DE

Last updated Jul 18, 2026

PRAS.DE (Amundi Prime US Treasury UCITS ETF) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - PRAS.DE tracks the Solactive US Treasury Bond while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, PRAS.DE returned 0.04%/yr vs 2.52%/yr for SYBW.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.05% expense ratio.

Performance

PRAS.DE vs. SYBW.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 State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.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 2.82% return, which is significantly lower than SYBW.DE's 3.77% return.

PRAS.DE

• 1D: 0.34%
• 1M: 1.19%
• 6M: 1.65%
• YTD: 2.82%
• 1Y: 4.75%
• 3Y*: 2.29%
• 5Y*: 0.04%
• 10Y*: —

SYBW.DE

• 1D: 0.14%
• 1M: 1.61%
• 6M: 2.39%
• YTD: 3.77%
• 1Y: 4.75%
• 3Y*: 3.60%
• 5Y*: 2.52%
• 10Y*: 1.29%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PRAS.DE Amundi Prime US Treasury UCITS ETF	2.82%	-5.50%	6.49%	0.41%	-6.73%	6.04%	-13.19%
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)	3.77%	-6.50%	9.98%	0.49%	2.02%	7.59%	-7.13%

Correlation

The correlation between PRAS.DE and SYBW.DE is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.79

The correlation between PRAS.DE and SYBW.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PRAS.DE vs. SYBW.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: 29
PRAS.DE Sharpe Ratio Rank: 29
PRAS.DE Sortino Ratio Rank: 28
PRAS.DE Omega Ratio Rank: 26
PRAS.DE Calmar Ratio Rank: 32
PRAS.DE Martin Ratio Rank: 29

SYBW.DE

SYBW.DE Risk / Return Rank: 31
SYBW.DE Sharpe Ratio Rank: 31
SYBW.DE Sortino Ratio Rank: 30
SYBW.DE Omega Ratio Rank: 28
SYBW.DE Calmar Ratio Rank: 34
SYBW.DE Martin Ratio Rank: 31

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. SYBW.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 State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.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	SYBW.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.87	-0.03
Sortino ratio: Return per unit of downside risk	1.25	1.31	-0.06
Omega ratio: Gain probability vs. loss probability	1.15	1.15	0.00
Calmar ratio: Return relative to maximum drawdown	1.29	1.34	-0.05
Martin ratio: Return relative to average drawdown	3.21	3.36	-0.15

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

The current PRAS.DE Sharpe Ratio is 0.85, which is comparable to the SYBW.DE Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of PRAS.DE and SYBW.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.

Drawdowns

PRAS.DE vs. SYBW.DE - Drawdown Comparison

The maximum PRAS.DE drawdown since its inception was -17.76%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for PRAS.DE and SYBW.DE.

Drawdown Indicators

	PRAS.DE	SYBW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.76%	-28.24%	+10.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.67%	-3.52%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-11.10%	-10.87%	-0.23%
Max Drawdown (5Y) Largest decline over 5 years	-12.85%	-12.61%	-0.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.37%	—
Current Drawdown Current decline from peak	-11.68%	-5.13%	-6.55%
Average Drawdown Average peak-to-trough decline	-11.87%	-9.74%	-2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.40%	+0.08%

Volatility

PRAS.DE vs. SYBW.DE - Volatility Comparison

Amundi Prime US Treasury UCITS ETF (PRAS.DE) has a higher volatility of 1.56% compared to State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) at 1.12%. This indicates that PRAS.DE's price experiences larger fluctuations and is considered to be riskier than SYBW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRAS.DE	SYBW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	1.12%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	4.13%	3.89%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	5.70%	5.46%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.99%	7.16%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.79%	10.47%	-1.68%

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

Both PRAS.DE and SYBW.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PRAS.DE vs. SYBW.DE - Dividend Comparison

PRAS.DE has not paid dividends to shareholders, while SYBW.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	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%
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)	3.82%	4.34%	3.98%	3.01%	0.64%	0.54%	1.91%	2.03%	1.33%	1.05%	0.68%	0.53%

Frequently Asked Questions

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

PRAS.DE and SYBW.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

PRAS.DE and SYBW.DE have the same expense ratio: 0.05% per year.

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

PRAS.DE tracks Solactive US Treasury Bond, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: Amundi and State Street.