PRIT.L vs. TRSG.L
PRIT.L (Amundi Prime US Treasury UCITS ETF DR (D)) and TRSG.L (Invesco US Treasury Bond UCITS ETF Dist) are both Government Bonds funds - PRIT.L tracks the Solactive US Treasury Bond Index while TRSG.L tracks the Bloomberg US Treasury Index. Both are passively managed. Over the past 5 years, PRIT.L returned 0.68%/yr vs 0.66%/yr for TRSG.L. With a 0.98 correlation, they move nearly in lockstep. PRIT.L charges 0.05%/yr vs 0.06%/yr for TRSG.L.
Performance
PRIT.L vs. TRSG.L - Performance Comparison
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Returns By Period
In the year-to-date period, PRIT.L achieves a -0.24% return, which is significantly higher than TRSG.L's -0.29% return.
PRIT.L
- 1D
- 0.02%
- 1M
- 1.17%
- YTD
- -0.24%
- 6M
- -0.95%
- 1Y
- 4.33%
- 3Y*
- 0.28%
- 5Y*
- 0.68%
- 10Y*
- —
TRSG.L
- 1D
- 0.07%
- 1M
- 1.16%
- YTD
- -0.29%
- 6M
- -0.94%
- 1Y
- 4.44%
- 3Y*
- 0.29%
- 5Y*
- 0.66%
- 10Y*
- —
PRIT.L vs. TRSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | -0.24% | -1.06% | 2.57% | -1.73% | -1.79% | -0.98% | 4.03% | 5.36% |
TRSG.L Invesco US Treasury Bond UCITS ETF Dist | -0.29% | -0.91% | 2.57% | -1.87% | -1.86% | -1.12% | 4.13% | 6.86% |
Correlation
The correlation between PRIT.L and TRSG.L 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 (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019 | 0.98 |
The correlation between PRIT.L and TRSG.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
PRIT.L vs. TRSG.L — Risk / Return Rank
PRIT.L
TRSG.L
PRIT.L vs. TRSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L) and Invesco US Treasury Bond UCITS ETF Dist (TRSG.L). 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.
| PRIT.L | TRSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.84 | -0.01 |
| Martin ratioReturn relative to average drawdown | 1.98 | 2.03 | -0.05 |
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
| PRIT.L | TRSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.73 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.08 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.07 | +0.02 |
Drawdowns
PRIT.L vs. TRSG.L - Drawdown Comparison
The maximum PRIT.L drawdown since its inception was -20.06%, smaller than the maximum TRSG.L drawdown of -23.68%. Use the drawdown chart below to compare losses from any high point for PRIT.L and TRSG.L.
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Drawdown Indicators
| PRIT.L | TRSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -23.68% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -5.24% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -8.33% | -8.17% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.09% | -16.12% | +0.03% |
Current DrawdownCurrent decline from peak | -15.03% | -18.82% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -12.54% | -15.47% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.18% | +0.01% |
Volatility
PRIT.L vs. TRSG.L - Volatility Comparison
Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L) and Invesco US Treasury Bond UCITS ETF Dist (TRSG.L) have volatilities of 1.52% and 1.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIT.L | TRSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.48% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 4.45% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 6.06% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.89% | 8.71% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 9.42% | -0.09% |
PRIT.L vs. TRSG.L - Expense Ratio Comparison
PRIT.L has a 0.05% expense ratio, which is lower than TRSG.L's 0.06% 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
PRIT.L vs. TRSG.L - Dividend Comparison
PRIT.L's dividend yield for the trailing twelve months is around 3.23%, less than TRSG.L's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D) | 3.23% | 3.22% | 2.79% | 2.34% | 1.87% | 1.74% | 2.11% | 0.00% |
TRSG.L Invesco US Treasury Bond UCITS ETF Dist | 4.25% | 4.22% | 4.16% | 3.85% | 1.94% | 1.12% | 1.69% | 2.01% |
Frequently Asked Questions
With a correlation of 0.99, PRIT.L and TRSG.L 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.
On fees, PRIT.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRIT.L is cheaper with a 0.05% expense ratio, compared with 0.06% for TRSG.L.
PRIT.L tracks Solactive US Treasury Bond Index, while TRSG.L tracks Bloomberg US Treasury Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.05% for PRIT.L and 0.06% for TRSG.L.
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