36BD.DE vs. TRD7.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) are both Government Bonds funds - 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped while TRD7.DE tracks the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs 2.55%/yr for TRD7.DE. Their correlation of 0.95 suggests significant overlap in exposure. 36BD.DE charges 0.15%/yr vs 0.06%/yr for TRD7.DE.
Performance
36BD.DE vs. TRD7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly higher than TRD7.DE's 0.62% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
TRD7.DE
- 1D
- 0.05%
- 1M
- 1.02%
- YTD
- 0.62%
- 6M
- -0.50%
- 1Y
- 1.03%
- 3Y*
- 2.16%
- 5Y*
- 2.55%
- 10Y*
- —
36BD.DE vs. TRD7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 0.62% | -5.07% | 9.77% | 4.23% | -2.71% | 3.98% |
Correlation
The correlation between 36BD.DE and TRD7.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.95 |
The correlation between 36BD.DE and TRD7.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
36BD.DE vs. TRD7.DE — Risk / Return Rank
36BD.DE
TRD7.DE
36BD.DE vs. TRD7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.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.
| 36BD.DE | TRD7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.03 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.17 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.13 | 0.41 | +0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BD.DE | TRD7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.13 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.33 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.34 | -0.16 |
Drawdowns
36BD.DE vs. TRD7.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, roughly equal to the maximum TRD7.DE drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and TRD7.DE.
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Drawdown Indicators
| 36BD.DE | TRD7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -12.09% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -4.12% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -10.16% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -10.30% | -1.67% |
Current DrawdownCurrent decline from peak | -6.13% | -6.97% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -5.17% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.65% | -0.10% |
Volatility
36BD.DE vs. TRD7.DE - Volatility Comparison
iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) have volatilities of 0.74% and 0.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | TRD7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.76% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 3.83% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 5.40% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 7.68% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 7.31% | -0.15% |
36BD.DE vs. TRD7.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is higher than TRD7.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
36BD.DE vs. TRD7.DE - Dividend Comparison
36BD.DE has not paid dividends to shareholders, while TRD7.DE's dividend yield for the trailing twelve months is around 3.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 3.55% | 3.67% | 5.86% | 7.13% | 2.92% | 1.54% | 2.59% | 3.26% |
Frequently Asked Questions
With a correlation of 0.90, 36BD.DE and TRD7.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TRD7.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD7.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for 36BD.DE.
36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for 36BD.DE and 0.06% for TRD7.DE.
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