TRD3.DE vs. PRAS.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and PRAS.DE (Amundi Prime US Treasury UCITS ETF) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while PRAS.DE tracks the Solactive US Treasury Bond. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 0.25%/yr for PRAS.DE. A 0.79 correlation means they provide meaningful diversification when combined. TRD3.DE charges 0.06%/yr vs 0.05%/yr for PRAS.DE.
Performance
TRD3.DE vs. PRAS.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 higher than PRAS.DE's 2.88% 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*
- —
PRAS.DE
- 1D
- 0.17%
- 1M
- 2.12%
- 6M
- 2.82%
- YTD
- 2.88%
- 1Y
- 5.93%
- 3Y*
- 1.52%
- 5Y*
- 0.25%
- 10Y*
- —
TRD3.DE vs. PRAS.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% | -7.00% |
PRAS.DE Amundi Prime US Treasury UCITS ETF | 2.88% | -5.50% | 6.49% | 0.41% | -6.73% | 6.04% | -13.19% |
Correlation
The correlation between TRD3.DE and PRAS.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.79 |
The correlation between TRD3.DE and PRAS.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRD3.DE vs. PRAS.DE — Risk / Return Rank
TRD3.DE
PRAS.DE
TRD3.DE vs. PRAS.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 UCITS ETF (PRAS.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 | PRAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.61 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.06 | +0.28 |
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Drawdowns
TRD3.DE vs. PRAS.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, smaller than the maximum PRAS.DE drawdown of -17.76%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and PRAS.DE.
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Drawdown Indicators
| TRD3.DE | PRAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -17.76% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.67% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -11.10% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -12.85% | +0.36% |
Current DrawdownCurrent decline from peak | -5.25% | -11.63% | +6.38% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -11.87% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.46% | -0.04% |
Volatility
TRD3.DE vs. PRAS.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) is 1.68%, while Amundi Prime US Treasury UCITS ETF (PRAS.DE) has a volatility of 1.87%. This indicates that TRD3.DE experiences smaller price fluctuations and is considered to be less risky than PRAS.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 | PRAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.87% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.16% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.77% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 7.99% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 8.81% | -0.90% |
TRD3.DE vs. PRAS.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is higher than PRAS.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. PRAS.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, while PRAS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PRAS.DE Amundi Prime US Treasury UCITS ETF | 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
TRD3.DE and PRAS.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.
On fees, PRAS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAS.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 PRAS.DE tracks Solactive US Treasury Bond. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.06% for TRD3.DE and 0.05% for PRAS.DE.
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