- Issuer
- Invesco
- Inception Date
- Feb 23, 2024
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US Treasury Coupons Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TRD1.DE Performance Chart
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) is up 4.6% since the beginning of the year. TRD1.DE is currently trading at €35 per share. Investors who bought €1,000 worth of TRD1.DE shares 5 years ago would now be looking at an investment worth €1,218.
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Returns By Period
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has returned 4.56% so far this year and 6.79% over the past 12 months.
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
TRD1.DE Monthly Returns History
Based on dividend-adjusted daily data since Jan 21, 2020, TRD1.DE's average daily return is 0.00%, while the average monthly return is +0.08%. At this rate, an investment would double in approximately 72.2 years.
Historically, 52% of months were positive and 48% were negative. The best month was Apr 2022 with a return of +5.3%, while the worst month was Feb 2020 at -8.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TRD1.DE closed higher 45% of trading days. The best single day was Apr 3, 2020 with a return of +3.8%, while the worst single day was Feb 5, 2020 at -9.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.72% | 0.79% | 2.52% | -1.11% | 0.69% | 2.39% | -0.03% | 4.56% | |||||
| 2025 | 0.87% | 0.26% | -3.32% | -4.29% | 0.08% | -3.06% | 3.01% | -1.77% | 0.12% | 2.08% | -0.28% | -1.05% | -7.35% |
| 2024 | 2.34% | 0.64% | 0.47% | 1.44% | -1.00% | 1.67% | -0.50% | -1.59% | -0.23% | 2.93% | 3.25% | 1.41% | 11.23% |
| 2023 | -1.40% | 2.62% | -1.75% | -1.31% | 3.80% | -1.93% | -0.62% | 2.20% | 2.93% | 0.57% | -2.62% | -0.86% | 1.38% |
| 2022 | 1.05% | -0.30% | 1.08% | 5.28% | -1.58% | 2.26% | 2.73% | 1.33% | 2.71% | -0.77% | -3.93% | -2.96% | 6.73% |
| 2021 | 1.23% | 0.30% | 3.18% | -2.49% | -1.62% | 3.19% | -0.06% | 0.49% | 1.86% | 0.20% | 2.51% | -0.57% | 8.36% |
Benchmark Metrics
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist has an annualized alpha of 0.72%, beta of 0.04, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 21, 2020.
- This ETF participated in 5.41% of S&P 500 Index downside but only 4.54% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.72%
- Beta
- 0.04
- R²
- 0.01
- Upside Capture
- 4.54%
- Downside Capture
- 5.41%
Expense Ratio
TRD1.DE has an expense ratio of 0.06%, which is considered low.
Return for Risk
Risk / Return Rank
TRD1.DE ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) and compare them to S&P 500 Index.
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.
| TRD1.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.18 | -1.36 |
| Martin ratioReturn relative to average drawdown | 4.77 | 11.76 | -6.99 |
Dividends
Dividend History
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist provided a 3.86% dividend yield over the last twelve months, with an annual payout of €1.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | €1.37 | €1.50 | €1.88 | €1.73 | €0.59 | €0.03 | €0.25 |
Dividend yield | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | €0.00 | €0.00 | €0.34 | €0.00 | €0.00 | €0.33 | €0.00 | €0.67 | |||||
| 2025 | €0.00 | €0.00 | €0.43 | €0.00 | €0.00 | €0.38 | €0.00 | €0.00 | €0.35 | €0.00 | €0.00 | €0.34 | €1.50 |
| 2024 | €0.00 | €0.00 | €0.47 | €0.00 | €0.00 | €0.47 | €0.00 | €0.00 | €0.46 | €0.00 | €0.00 | €0.47 | €1.88 |
| 2023 | €0.00 | €0.00 | €0.40 | €0.00 | €0.00 | €0.42 | €0.00 | €0.00 | €0.46 | €0.00 | €0.00 | €0.45 | €1.73 |
| 2022 | €0.00 | €0.00 | €0.01 | €0.00 | €0.00 | €0.06 | €0.00 | €0.00 | €0.20 | €0.00 | €0.00 | €0.32 | €0.59 |
| 2021 | €0.00 | €0.00 | €0.02 | €0.00 | €0.00 | €0.01 | €0.00 | €0.00 | €0.01 | €0.00 | €0.00 | €0.00 | €0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist was 17.81%, occurring on Dec 30, 2020. Recovery took 392 trading sessions.
The current Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist drawdown is 5.44%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2020 correction2020 | -17.81%Dec 2020 | 10mo 29d | 1y 6mo | 2y 5moFeb 2020 - Jul 2022 |
2023 correction2023 | -11.70%Jul 2023 | 9mo 19d | 1y 4mo | 2y 1moSep 2022 - Nov 2024 |
2025 correction2025 | -11.60%Jul 2025 | 5mo 19d | — | 1y 5moJan 2025 - now |
Bear market2022 | -2.91%Aug 2022 | 26d | 12d | 1mo 8dJul 2022 - Aug 2022 |
Bear market2022 | -2.17%Sep 2022 | 5d | 9d | 14dSep 2022 - Sep 2022 |
Drawdown Indicators
| TRD1.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -51.62% | +33.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -7.57% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -23.99% | +12.39% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | -23.99% | +12.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -5.44% | -0.43% | -5.01% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -9.08% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.04% | -0.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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