TRD3.DE vs. PR1T.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and PR1T.DE (Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while PR1T.DE tracks the Solactive US Treasury 0-1 Year Bond Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 4.02%/yr for PR1T.DE. Their correlation of 0.93 suggests significant overlap in exposure. TRD3.DE charges 0.06%/yr vs 0.05%/yr for PR1T.DE.
Performance
TRD3.DE vs. PR1T.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD3.DE achieves a 3.63% return, which is significantly lower than PR1T.DE's 4.54% return.
TRD3.DE
- 1D
- 0.06%
- 1M
- 1.73%
- 6M
- 3.44%
- YTD
- 3.63%
- 1Y
- 6.18%
- 3Y*
- 2.75%
- 5Y*
- 2.62%
- 10Y*
- —
PR1T.DE
- 1D
- 0.00%
- 1M
- 1.75%
- 6M
- 4.40%
- YTD
- 4.54%
- 1Y
- 6.80%
- 3Y*
- 2.92%
- 5Y*
- 4.02%
- 10Y*
- —
TRD3.DE vs. PR1T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.63% | -6.54% | 10.06% | 0.57% | 2.12% | 7.70% | -6.78% |
PR1T.DE Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) | 4.54% | -7.38% | 11.28% | 1.27% | 6.78% | 8.43% | -6.80% |
Correlation
The correlation between TRD3.DE and PR1T.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2020 | 0.93 |
The correlation between TRD3.DE and PR1T.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
TRD3.DE vs. PR1T.DE — Risk / Return Rank
TRD3.DE
PR1T.DE
TRD3.DE vs. PR1T.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 US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.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 | PR1T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.01 | -0.21 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.78 | -0.44 |
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Drawdowns
TRD3.DE vs. PR1T.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, which is greater than PR1T.DE's maximum drawdown of -11.76%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and PR1T.DE.
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Drawdown Indicators
| TRD3.DE | PR1T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -11.76% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.39% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -11.71% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -11.76% | -0.73% |
Current DrawdownCurrent decline from peak | -5.25% | -5.55% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -5.20% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.42% | 0.00% |
Volatility
TRD3.DE vs. PR1T.DE - Volatility Comparison
Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) and Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.DE) have volatilities of 1.68% and 1.65%, 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
| TRD3.DE | PR1T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.65% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.27% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.08% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 7.44% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 7.25% | +0.66% |
TRD3.DE vs. PR1T.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is higher than PR1T.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. PR1T.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, while PR1T.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1T.DE Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.83% | 4.18% | 4.28% | 4.20% | 2.04% | 0.31% | 1.28% | 1.96% |
Frequently Asked Questions
With a correlation of 0.92, TRD3.DE and PR1T.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.
On fees, PR1T.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1T.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 PR1T.DE tracks Solactive US Treasury 0-1 Year Bond Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.06% for TRD3.DE and 0.05% for PR1T.DE.
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