TRFE.DE vs. PRAS.DE
TRFE.DE (Invesco US Treasury Bond UCITS ETF EUR Hdg Dist) and PRAS.DE (Amundi Prime US Treasury UCITS ETF) are both Government Bonds funds - TRFE.DE tracks the Bloomberg U.S. Treasury Total Return Index while PRAS.DE tracks the Solactive US Treasury Bond. Both are passively managed. Over the past 3 years, TRFE.DE returned 1.17%/yr vs 1.52%/yr for PRAS.DE. At a 0.37 correlation, their price movements are largely independent. TRFE.DE charges 0.10%/yr vs 0.05%/yr for PRAS.DE.
Performance
TRFE.DE vs. PRAS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRFE.DE achieves a -1.24% return, which is significantly lower than PRAS.DE's 2.88% return.
TRFE.DE
- 1D
- -0.16%
- 1M
- 0.24%
- 6M
- -0.59%
- YTD
- -1.24%
- 1Y
- 1.02%
- 3Y*
- 1.17%
- 5Y*
- —
- 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*
- —
TRFE.DE vs. PRAS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | -1.24% | 4.63% | -1.17% | 1.55% | 4.74% |
PRAS.DE Amundi Prime US Treasury UCITS ETF | 2.88% | -5.50% | 6.49% | 0.41% | -6.22% |
Correlation
The correlation between TRFE.DE and PRAS.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
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 PRAS.DE has dropped to 0.12 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRFE.DE vs. PRAS.DE — Risk / Return Rank
TRFE.DE
PRAS.DE
TRFE.DE vs. PRAS.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 (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.
| TRFE.DE | PRAS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.18 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.61 | -1.31 |
| Martin ratioReturn relative to average drawdown | 0.79 | 4.06 | -3.28 |
Loading charts...
Drawdowns
TRFE.DE vs. PRAS.DE - Drawdown Comparison
The maximum TRFE.DE drawdown since its inception was -17.11%, roughly equal to the maximum PRAS.DE drawdown of -17.76%. Use the drawdown chart below to compare losses from any high point for TRFE.DE and PRAS.DE.
Loading charts...
Drawdown Indicators
| TRFE.DE | PRAS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.11% | -17.76% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -3.67% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.46% | -11.10% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.85% | — |
Current DrawdownCurrent decline from peak | -9.71% | -11.63% | +1.92% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -11.87% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.46% | -0.17% |
Volatility
TRFE.DE vs. PRAS.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) is 0.87%, while Amundi Prime US Treasury UCITS ETF (PRAS.DE) has a volatility of 1.87%. This indicates that TRFE.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.
Loading charts...
Volatility by Period
| TRFE.DE | PRAS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 1.87% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 4.16% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 5.77% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 7.99% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.23% | 8.81% | +2.42% |
TRFE.DE vs. PRAS.DE - Expense Ratio Comparison
TRFE.DE has a 0.10% 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
TRFE.DE vs. PRAS.DE - Dividend Comparison
TRFE.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 |
|---|---|---|---|---|---|
PRAS.DE Amundi Prime US Treasury UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | 4.27% | 4.10% | 4.30% | 3.77% | 1.74% |
Frequently Asked Questions
TRFE.DE and PRAS.DE have a correlation of 0.12, 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 0.10% for TRFE.DE.
TRFE.DE tracks Bloomberg U.S. Treasury Total Return Index, while PRAS.DE tracks Solactive US Treasury Bond. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.10% for TRFE.DE and 0.05% for PRAS.DE.
Find the right allocation for TRFE.DE and PRAS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer