TRD3.DE vs. PR1G.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and PR1G.DE (Amundi Prime Global Government Bond UCITS ETF (Dist)) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while PR1G.DE tracks the Solactive Global Developed Government Bond Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.57%/yr vs -2.72%/yr for PR1G.DE. A 0.56 correlation means they provide meaningful diversification when combined. TRD3.DE charges 0.06%/yr vs 0.05%/yr for PR1G.DE.
Performance
TRD3.DE vs. PR1G.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD3.DE achieves a 3.72% return, which is significantly higher than PR1G.DE's 0.99% return.
TRD3.DE
- 1D
- 0.03%
- 1M
- 1.51%
- 6M
- 2.33%
- YTD
- 3.72%
- 1Y
- 4.65%
- 3Y*
- 3.61%
- 5Y*
- 2.57%
- 10Y*
- —
PR1G.DE
- 1D
- 0.18%
- 1M
- 0.18%
- 6M
- 0.24%
- YTD
- 0.99%
- 1Y
- 1.22%
- 3Y*
- 0.44%
- 5Y*
- -2.72%
- 10Y*
- —
TRD3.DE vs. PR1G.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.72% | -6.54% | 10.06% | 0.57% | 2.12% | 7.70% | -6.02% | -7.67% |
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 0.99% | -4.74% | 2.19% | 1.15% | -13.10% | 0.82% | 0.44% | 7.03% |
Correlation
The correlation between TRD3.DE and PR1G.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.56 |
The correlation between TRD3.DE and PR1G.DE has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.
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Return for Risk
TRD3.DE vs. PR1G.DE — Risk / Return Rank
TRD3.DE
PR1G.DE
TRD3.DE vs. PR1G.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) and Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.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.
| TRD3.DE | PR1G.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.43 | +0.93 |
| Martin ratioReturn relative to average drawdown | 3.27 | 0.87 | +2.40 |
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Drawdowns
TRD3.DE vs. PR1G.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, smaller than the maximum PR1G.DE drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and PR1G.DE.
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Drawdown Indicators
| TRD3.DE | PR1G.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -20.86% | +7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -2.85% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -7.94% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -17.71% | +5.22% |
Current DrawdownCurrent decline from peak | -5.17% | -18.36% | +13.19% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -11.48% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.39% | +0.03% |
Volatility
TRD3.DE vs. PR1G.DE - Volatility Comparison
Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) has a higher volatility of 1.35% compared to Amundi Prime Global Government Bond UCITS ETF (Dist) (PR1G.DE) at 1.17%. This indicates that TRD3.DE's price experiences larger fluctuations and is considered to be riskier than PR1G.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRD3.DE | PR1G.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.17% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.01% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 4.05% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 6.47% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 6.10% | +1.79% |
TRD3.DE vs. PR1G.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is higher than PR1G.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TRD3.DE vs. PR1G.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.82%, more than PR1G.DE's 2.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1G.DE Amundi Prime Global Government Bond UCITS ETF (Dist) | 2.93% | 2.96% | 2.34% | 1.99% | 1.74% | 1.50% | 1.77% | 1.23% |
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.82% | 4.18% | 4.28% | 4.20% | 2.04% | 0.31% | 1.28% | 1.96% |
Frequently Asked Questions
TRD3.DE and PR1G.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1G.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1G.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRD3.DE.
TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while PR1G.DE tracks Solactive Global Developed Government Bond Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.06% for TRD3.DE and 0.05% for PR1G.DE.
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