18M1.DE vs. TRDE.DE
18M1.DE (Amundi Euro Government Bond 0-6 M UCITS ETF (Acc)) and TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) are both Government Bonds funds - 18M1.DE tracks the FTSE Eurozone Government Bill 0-6 Month Capped Index while TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index. Both are passively managed. Over the past 5 years, 18M1.DE returned 1.74%/yr vs -3.36%/yr for TRDE.DE. At a 0.06 correlation, their price movements are largely independent. 18M1.DE charges 0.14%/yr vs 0.10%/yr for TRDE.DE.
Performance
18M1.DE vs. TRDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18M1.DE achieves a 1.06% return, which is significantly higher than TRDE.DE's -1.75% return.
18M1.DE
- 1D
- 0.04%
- 1M
- 0.21%
- 6M
- 0.95%
- YTD
- 1.06%
- 1Y
- 1.89%
- 3Y*
- 2.77%
- 5Y*
- 1.74%
- 10Y*
- 0.52%
TRDE.DE
- 1D
- 0.03%
- 1M
- -0.56%
- 6M
- -1.72%
- YTD
- -1.75%
- 1Y
- 1.78%
- 3Y*
- 0.76%
- 5Y*
- -3.36%
- 10Y*
- —
18M1.DE vs. TRDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
18M1.DE Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) | 1.06% | 2.05% | 3.53% | 2.89% | -0.42% | -0.78% | -0.60% | -0.48% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.75% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | 8.23% | 4.48% |
Correlation
The correlation between 18M1.DE and TRDE.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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.06 |
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Return for Risk
18M1.DE vs. TRDE.DE — Risk / Return Rank
18M1.DE
TRDE.DE
18M1.DE vs. TRDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.DE) and Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.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.
| 18M1.DE | TRDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.66 | ||
| Sortino ratioReturn per unit of downside risk | +8.40 | ||
| Omega ratioGain probability vs. loss probability | 2.29 | 1.07 | +1.22 |
| Calmar ratioReturn relative to maximum drawdown | 29.27 | 0.43 | +28.85 |
| Martin ratioReturn relative to average drawdown | 105.96 | 1.03 | +104.93 |
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Drawdowns
18M1.DE vs. TRDE.DE - Drawdown Comparison
The maximum 18M1.DE drawdown since its inception was -4.83%, smaller than the maximum TRDE.DE drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for 18M1.DE and TRDE.DE.
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Drawdown Indicators
| 18M1.DE | TRDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.83% | -27.68% | +22.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.06% | -4.14% | +4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.13% | -7.64% | +7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -1.00% | -24.70% | +23.70% |
Max Drawdown (10Y)Largest decline over 10 years | -4.29% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -20.06% | +20.06% |
Average DrawdownAverage peak-to-trough decline | -1.37% | -13.77% | +12.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.72% | -1.70% |
Volatility
18M1.DE vs. TRDE.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.DE) is 0.08%, while Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) has a volatility of 1.22%. This indicates that 18M1.DE experiences smaller price fluctuations and is considered to be less risky than TRDE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M1.DE | TRDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 1.22% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 3.24% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.37% | 4.48% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.40% | 7.39% | -6.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.48% | 6.86% | -6.38% |
18M1.DE vs. TRDE.DE - Expense Ratio Comparison
18M1.DE has a 0.14% expense ratio, which is higher than TRDE.DE's 0.10% 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
18M1.DE vs. TRDE.DE - Dividend Comparison
18M1.DE has not paid dividends to shareholders, while TRDE.DE's dividend yield for the trailing twelve months is around 4.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
18M1.DE Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.33% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% |
Frequently Asked Questions
18M1.DE and TRDE.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, TRDE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDE.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for 18M1.DE.
18M1.DE tracks FTSE Eurozone Government Bill 0-6 Month Capped Index, while TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.14% for 18M1.DE and 0.10% for TRDE.DE.
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