- Issuer
- Invesco
- Inception Date
- Feb 20, 2024
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TRXS.L Performance Chart
Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist (TRXS.L) is down 1.0% since the beginning of the year. TRXS.L is currently trading at £33 per share. Investors who bought £1,000 worth of TRXS.L shares 5 years ago would now be looking at an investment worth £905.
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Returns By Period
Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist (TRXS.L) has returned -1.00% so far this year and 3.67% over the past 12 months.
Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist
- 1D
- -0.06%
- 1M
- -0.33%
- 6M
- -0.90%
- YTD
- -1.00%
- 1Y
- 3.67%
- 3Y*
- 2.46%
- 5Y*
- -1.97%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
TRXS.L Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2019, TRXS.L's average daily return is 0.00%, while the average monthly return is +0.05%. At this rate, an investment would double in approximately 115.6 years.
Historically, 48% of months were positive and 52% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TRXS.L closed higher 50% of trading days. The best single day was Mar 15, 2023 with a return of +2.2%, while the worst single day was Mar 18, 2020 at -2.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.64% | 2.37% | -2.27% | -0.00% | -0.00% | 0.42% | -0.83% | -1.00% | |||||
| 2025 | 0.53% | 2.39% | 0.43% | 0.95% | -1.27% | 1.50% | -0.24% | 1.33% | 0.87% | 0.52% | 0.97% | -0.20% | 8.01% |
| 2024 | -0.08% | -1.99% | 0.70% | -3.04% | 1.52% | 1.61% | 2.13% | 2.05% | 1.18% | -3.59% | 0.85% | -1.77% | -0.64% |
| 2023 | 2.95% | -3.38% | 3.51% | 0.91% | -1.52% | -1.22% | -0.66% | -0.72% | -3.09% | -1.86% | 4.25% | 3.71% | 2.50% |
| 2022 | -2.39% | -0.62% | -3.72% | -4.20% | 0.56% | -1.00% | 3.15% | -3.70% | -4.99% | -1.80% | 2.04% | -0.33% | -16.05% |
| 2021 | -1.02% | -3.22% | -1.44% | 0.77% | 0.55% | 1.07% | 1.90% | -0.42% | -1.83% | -0.31% | 0.93% | -0.13% | -3.23% |
Benchmark Metrics
Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist has an annualized alpha of 1.96%, beta of -0.05, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 11, 2019.
- This ETF participated in 12.90% of S&P 500 Index downside but only 7.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.05 may look defensive, but with R2 of 0.02 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 0.02 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
- 1.96%
- Beta
- -0.05
- R²
- 0.02
- Upside Capture
- 7.57%
- Downside Capture
- 12.90%
Expense Ratio
TRXS.L has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
TRXS.L ranks 25 for risk / return — below 25% 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 7-10 Year UCITS ETF GBP Hedged Dist (TRXS.L) 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.
| TRXS.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.50 | -1.62 |
| Martin ratioReturn relative to average drawdown | 2.36 | 9.11 | -6.75 |
Dividends
Dividend History
Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist provided a 4.29% dividend yield over the last twelve months, with an annual payout of £1.42 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | £1.42 | £1.41 | £1.42 | £1.19 | £0.85 | £0.68 | £0.79 | £0.84 |
Dividend yield | 4.29% | 4.11% | 4.30% | 3.44% | 2.42% | 1.59% | 1.77% | 2.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged 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 | £0.36 | £0.00 | £0.00 | £0.36 | £0.00 | £0.71 | |||||
| 2025 | £0.00 | £0.00 | £0.36 | £0.00 | £0.00 | £0.34 | £0.00 | £0.00 | £0.36 | £0.00 | £0.00 | £0.35 | £1.41 |
| 2024 | £0.00 | £0.00 | £0.34 | £0.00 | £0.00 | £0.35 | £0.00 | £0.00 | £0.35 | £0.00 | £0.00 | £0.38 | £1.42 |
| 2023 | £0.00 | £0.00 | £0.28 | £0.00 | £0.00 | £0.29 | £0.00 | £0.00 | £0.30 | £0.00 | £0.00 | £0.31 | £1.19 |
| 2022 | £0.00 | £0.00 | £0.16 | £0.00 | £0.00 | £0.20 | £0.00 | £0.00 | £0.25 | £0.00 | £0.00 | £0.24 | £0.85 |
| 2021 | £0.00 | £0.00 | £0.17 | £0.00 | £0.00 | £0.16 | £0.00 | £0.00 | £0.18 | £0.00 | £0.00 | £0.17 | £0.68 |
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 7-10 Year UCITS ETF GBP Hedged 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 7-10 Year UCITS ETF GBP Hedged Dist was 25.32%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist drawdown is 13.54%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-25.32%Oct 2023 | 3y 2mo | — | 5y 11moAug 2020 - now | — |
-4.48%Mar 2020 | 8d | 1mo 4d | 1mo 12dMar 2020 - Apr 2020 | COVID crash2020 |
-3.60%Nov 2019 | 2mo 9d | 3mo 11d | 5mo 20dSep 2019 - Feb 2020 | — |
-2.49%Jun 2020 | 1mo 14d | 1mo 18d | 3mo 2dApr 2020 - Jul 2020 | — |
-1.50%Apr 2019 | 20d | 26d | 1mo 16dMar 2019 - May 2019 | — |
Drawdown Indicators
| TRXS.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.32% | -37.07% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -8.03% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -22.15% | +14.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -22.15% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -13.54% | -1.42% | -12.12% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -5.29% | -5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.20% | -0.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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