PRAS.DE vs. VAGT.DE
PRAS.DE (Amundi Prime US Treasury UCITS ETF) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - PRAS.DE tracks the Solactive US Treasury Bond while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, PRAS.DE returned 0.10%/yr vs 0.08%/yr for VAGT.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.
Performance
PRAS.DE vs. VAGT.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with PRAS.DE at 1.07% and VAGT.DE at 1.07%.
PRAS.DE
- 1D
- 0.03%
- 1M
- 0.83%
- YTD
- 1.07%
- 6M
- 0.30%
- 1Y
- 1.60%
- 3Y*
- 0.10%
- 5Y*
- 0.57%
- 10Y*
- —
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.83%
- YTD
- 1.07%
- 6M
- 0.30%
- 1Y
- 1.62%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
PRAS.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRAS.DE Amundi Prime US Treasury UCITS ETF | 1.07% | -5.52% | 6.51% | -0.40% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
Correlation
The correlation between PRAS.DE and VAGT.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.99 |
The correlation between PRAS.DE and VAGT.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
PRAS.DE vs. VAGT.DE — Risk / Return Rank
PRAS.DE
VAGT.DE
PRAS.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.40 | 0.00 |
| Martin ratioReturn relative to average drawdown | 1.00 | 1.00 | -0.01 |
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
| PRAS.DE | VAGT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.29 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.05 | -0.14 |
Drawdowns
PRAS.DE vs. VAGT.DE - Drawdown Comparison
The maximum PRAS.DE drawdown since its inception was -17.44%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for PRAS.DE and VAGT.DE.
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Drawdown Indicators
| PRAS.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.44% | -11.03% | -6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -3.91% | -4.00% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -11.09% | -11.03% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -12.89% | — | — |
Current DrawdownCurrent decline from peak | -12.85% | -7.21% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -5.04% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.61% | -0.01% |
Volatility
PRAS.DE vs. VAGT.DE - Volatility Comparison
The current volatility for Amundi Prime US Treasury UCITS ETF (PRAS.DE) is 0.80%, while Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) has a volatility of 0.86%. This indicates that PRAS.DE experiences smaller price fluctuations and is considered to be less risky than VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.86% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 3.76% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 5.49% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 7.33% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.04% | 7.33% | +0.71% |
PRAS.DE vs. VAGT.DE - Expense Ratio Comparison
Both PRAS.DE and VAGT.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. VAGT.DE - Dividend Comparison
Neither PRAS.DE nor VAGT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, PRAS.DE and VAGT.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.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PRAS.DE and VAGT.DE have the same expense ratio: 0.05% per year.
PRAS.DE tracks Solactive US Treasury Bond, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Amundi and Vanguard.
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