2B7S.DE vs. TRD1.DE
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - 2B7S.DE tracks the ICE US Treasury 1-3 Year (EUR Hedged) Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, 2B7S.DE returned 0.04%/yr vs 3.98%/yr for TRD1.DE. At a correlation of -0.19, they often move in opposite directions. 2B7S.DE charges 0.10%/yr vs 0.06%/yr for TRD1.DE.
Performance
2B7S.DE vs. TRD1.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 TRD1.DE's 4.64% 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*
- —
TRD1.DE
- 1D
- 0.08%
- 1M
- 1.66%
- 6M
- 3.54%
- YTD
- 4.64%
- 1Y
- 5.35%
- 3Y*
- 4.01%
- 5Y*
- 3.98%
- 10Y*
- —
2B7S.DE vs. TRD1.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% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.64% | -7.35% | 11.23% | 1.38% | 6.73% | 3.43% |
Correlation
The correlation between 2B7S.DE and TRD1.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.19 |
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Return for Risk
2B7S.DE vs. TRD1.DE — Risk / Return Rank
2B7S.DE
TRD1.DE
2B7S.DE vs. TRD1.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 USD Dist (TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.44 | -0.02 |
| Martin ratioReturn relative to average drawdown | 3.37 | 3.75 | -0.38 |
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Drawdowns
2B7S.DE vs. TRD1.DE - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, smaller than the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and TRD1.DE.
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Drawdown Indicators
| 2B7S.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -17.81% | +10.13% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -3.70% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -11.60% | +10.57% |
Max Drawdown (5Y)Largest decline over 5 years | -7.50% | -11.70% | +4.20% |
Current DrawdownCurrent decline from peak | -0.59% | -5.36% | +4.77% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -8.29% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.42% | -1.01% |
Volatility
2B7S.DE vs. TRD1.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) is 0.57%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.48%. This indicates that 2B7S.DE experiences smaller price fluctuations and is considered to be less risky than TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 1.48% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 4.65% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 6.31% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.51% | 7.48% | -4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.45% | 8.09% | -5.64% |
2B7S.DE vs. TRD1.DE - Expense Ratio Comparison
2B7S.DE has a 0.10% expense ratio, which is higher than TRD1.DE's 0.06% 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
2B7S.DE vs. TRD1.DE - Dividend Comparison
2B7S.DE has not paid dividends to shareholders, while TRD1.DE's dividend yield for the trailing twelve months is around 3.86%.
| 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% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
Frequently Asked Questions
2B7S.DE and TRD1.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for 2B7S.DE.
2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for 2B7S.DE and 0.06% for TRD1.DE.
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