TRFE.DE vs. PR1S.DE
TRFE.DE (Invesco US Treasury Bond UCITS ETF EUR Hdg Dist) and PR1S.DE (Amundi Prime US Treasury UCITS ETF DR (D)) are both Government Bonds funds - TRFE.DE tracks the Bloomberg U.S. Treasury Total Return Index while PR1S.DE tracks the Solactive US Treasury Bond. Both are passively managed. Over the past 3 years, TRFE.DE returned 0.94%/yr vs 2.31%/yr for PR1S.DE. At a 0.37 correlation, their price movements are largely independent. TRFE.DE charges 0.10%/yr vs 0.05%/yr for PR1S.DE.
Performance
TRFE.DE vs. PR1S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRFE.DE achieves a -1.53% return, which is significantly lower than PR1S.DE's 2.62% return.
TRFE.DE
- 1D
- 0.16%
- 1M
- -0.36%
- 6M
- -1.25%
- YTD
- -1.53%
- 1Y
- 1.55%
- 3Y*
- 0.94%
- 5Y*
- —
- 10Y*
- —
PR1S.DE
- 1D
- 0.18%
- 1M
- 1.17%
- 6M
- 1.61%
- YTD
- 2.62%
- 1Y
- 4.99%
- 3Y*
- 2.31%
- 5Y*
- 0.00%
- 10Y*
- —
TRFE.DE vs. PR1S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | -1.53% | 4.63% | -1.17% | 1.55% | 4.74% |
PR1S.DE Amundi Prime US Treasury UCITS ETF DR (D) | 2.62% | -5.53% | 6.59% | 0.45% | -6.23% |
Correlation
The correlation between TRFE.DE and PR1S.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.37 |
Over the past year, the correlation between TRFE.DE and PR1S.DE has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
TRFE.DE vs. PR1S.DE — Risk / Return Rank
TRFE.DE
PR1S.DE
TRFE.DE vs. PR1S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) and Amundi Prime US Treasury UCITS ETF DR (D) (PR1S.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.
| TRFE.DE | PR1S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.24 | -0.79 |
| Martin ratioReturn relative to average drawdown | 1.14 | 3.22 | -2.08 |
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Drawdowns
TRFE.DE vs. PR1S.DE - Drawdown Comparison
The maximum TRFE.DE drawdown since its inception was -17.11%, roughly equal to the maximum PR1S.DE drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for TRFE.DE and PR1S.DE.
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Drawdown Indicators
| TRFE.DE | PR1S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.11% | -17.17% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -4.00% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.46% | -11.05% | +5.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.87% | — |
Current DrawdownCurrent decline from peak | -9.97% | -11.18% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -10.38% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 1.55% | -0.19% |
Volatility
TRFE.DE vs. PR1S.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) is 0.99%, while Amundi Prime US Treasury UCITS ETF DR (D) (PR1S.DE) has a volatility of 1.60%. This indicates that TRFE.DE experiences smaller price fluctuations and is considered to be less risky than PR1S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRFE.DE | PR1S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.60% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.81% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 5.52% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 7.97% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 8.75% | +2.44% |
TRFE.DE vs. PR1S.DE - Expense Ratio Comparison
TRFE.DE has a 0.10% expense ratio, which is higher than PR1S.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
TRFE.DE vs. PR1S.DE - Dividend Comparison
TRFE.DE's dividend yield for the trailing twelve months is around 4.29%, more than PR1S.DE's 3.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1S.DE Amundi Prime US Treasury UCITS ETF DR (D) | 3.14% | 3.22% | 2.83% | 2.36% | 1.91% | 1.73% | 2.14% | 1.50% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | 4.29% | 4.10% | 4.30% | 3.77% | 1.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRFE.DE and PR1S.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1S.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1S.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for TRFE.DE.
TRFE.DE tracks Bloomberg U.S. Treasury Total Return Index, while PR1S.DE tracks Solactive US Treasury Bond. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.10% for TRFE.DE and 0.05% for PR1S.DE.
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