TRDX.DE vs. PRAS.DE
TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and PRAS.DE (Amundi Prime US Treasury UCITS ETF) are both Government Bonds funds - TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while PRAS.DE tracks the Solactive US Treasury Bond. Both are passively managed. Over the past 5 years, TRDX.DE returned -0.68%/yr vs 0.01%/yr for PRAS.DE. Their correlation of 0.93 suggests significant overlap in exposure. TRDX.DE charges 0.06%/yr vs 0.05%/yr for PRAS.DE.
Performance
TRDX.DE vs. PRAS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRDX.DE achieves a 2.01% return, which is significantly lower than PRAS.DE's 2.65% return.
TRDX.DE
- 1D
- 0.07%
- 1M
- 0.79%
- 6M
- 0.99%
- YTD
- 2.01%
- 1Y
- 5.49%
- 3Y*
- 2.22%
- 5Y*
- -0.68%
- 10Y*
- —
PRAS.DE
- 1D
- 0.22%
- 1M
- 1.25%
- 6M
- 1.65%
- YTD
- 2.65%
- 1Y
- 5.01%
- 3Y*
- 2.33%
- 5Y*
- 0.01%
- 10Y*
- —
TRDX.DE vs. PRAS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist | 2.01% | -3.42% | 5.25% | 0.09% | -9.69% | 5.10% | -2.02% |
PRAS.DE Amundi Prime US Treasury UCITS ETF | 2.65% | -5.50% | 6.49% | 0.41% | -6.73% | 6.04% | -13.19% |
Correlation
The correlation between TRDX.DE and PRAS.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020 | 0.93 |
Over the past year, the correlation between TRDX.DE and PRAS.DE has dropped to 0.72 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
TRDX.DE vs. PRAS.DE — Risk / Return Rank
TRDX.DE
PRAS.DE
TRDX.DE vs. PRAS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.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.
| TRDX.DE | PRAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.36 | -0.10 |
| Martin ratioReturn relative to average drawdown | 3.24 | 3.39 | -0.15 |
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Drawdowns
TRDX.DE vs. PRAS.DE - Drawdown Comparison
The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than PRAS.DE's maximum drawdown of -17.76%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and PRAS.DE.
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Drawdown Indicators
| TRDX.DE | PRAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -17.76% | -3.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -3.67% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -11.10% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -12.85% | -2.67% |
Current DrawdownCurrent decline from peak | -14.58% | -11.83% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -11.87% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.48% | +0.21% |
Volatility
TRDX.DE vs. PRAS.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) is 1.76%, while Amundi Prime US Treasury UCITS ETF (PRAS.DE) has a volatility of 1.87%. This indicates that TRDX.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
| TRDX.DE | PRAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.87% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.14% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 5.77% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 7.99% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 8.79% | +0.57% |
TRDX.DE vs. PRAS.DE - Expense Ratio Comparison
TRDX.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
TRDX.DE vs. PRAS.DE - Dividend Comparison
TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, 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% |
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist | 4.27% | 4.34% | 4.22% | 3.57% | 2.45% | 1.57% | 1.94% | 2.02% |
Frequently Asked Questions
TRDX.DE and PRAS.DE have a correlation of 0.72, 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 TRDX.DE.
TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return 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 TRDX.DE and 0.05% for PRAS.DE.
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