2B7S.DE vs. T1EU.DE
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, 2B7S.DE returned 0.04%/yr vs 1.40%/yr for T1EU.DE. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
2B7S.DE vs. T1EU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2B7S.DE achieves a -0.20% return, which is significantly lower than T1EU.DE's 0.85% return.
2B7S.DE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -0.20%
- YTD
- -0.20%
- 1Y
- 1.40%
- 3Y*
- 2.34%
- 5Y*
- 0.04%
- 10Y*
- —
T1EU.DE
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.81%
- YTD
- 0.85%
- 1Y
- 1.84%
- 3Y*
- 2.69%
- 5Y*
- 1.40%
- 10Y*
- —
2B7S.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | 2.49% | 1.90% | -5.78% | -1.18% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.85% | 2.00% | 3.48% | 2.83% | -1.53% | -0.76% |
Correlation
The correlation between 2B7S.DE and T1EU.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.26 |
Over the past year, the correlation between 2B7S.DE and T1EU.DE has dropped to 0.06 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
2B7S.DE vs. T1EU.DE — Risk / Return Rank
2B7S.DE
T1EU.DE
2B7S.DE vs. T1EU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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.
| 2B7S.DE | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.62 | -2.20 |
| Martin ratioReturn relative to average drawdown | 3.37 | 17.64 | -14.27 |
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Drawdowns
2B7S.DE vs. T1EU.DE - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and T1EU.DE.
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Drawdown Indicators
| 2B7S.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -3.20% | -4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -0.51% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -0.51% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -7.50% | -2.36% | -5.14% |
Current DrawdownCurrent decline from peak | -0.59% | 0.00% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -0.85% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.10% | +0.31% |
Volatility
2B7S.DE vs. T1EU.DE - Volatility Comparison
iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) has a higher volatility of 0.57% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.06%. This indicates that 2B7S.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B7S.DE | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.06% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.05% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 1.44% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.51% | 0.81% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 0.73% | +1.72% |
2B7S.DE vs. T1EU.DE - Expense Ratio Comparison
Both 2B7S.DE and T1EU.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
2B7S.DE vs. T1EU.DE - Dividend Comparison
Neither 2B7S.DE nor T1EU.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% |
Frequently Asked Questions
2B7S.DE and T1EU.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE and T1EU.DE have the same expense ratio: 0.10% per year.
2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco.
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