CBU0.DE vs. TRDL.DE
CBU0.DE (iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc) and TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) are both exchange-traded funds - CBU0.DE is a Corporate Bonds fund tracking the iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while TRDL.DE is a Government Bonds fund tracking the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 3 years, CBU0.DE returned 3.94%/yr vs -4.02%/yr for TRDL.DE. A 0.59 correlation means they provide meaningful diversification when combined. CBU0.DE charges 0.25%/yr vs 0.06%/yr for TRDL.DE.
Performance
CBU0.DE vs. TRDL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBU0.DE achieves a -0.89% return, which is significantly lower than TRDL.DE's 0.56% return.
CBU0.DE
- 1D
- 0.17%
- 1M
- 0.91%
- YTD
- -0.89%
- 6M
- -0.71%
- 1Y
- 2.45%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
TRDL.DE
- 1D
- 0.19%
- 1M
- 0.81%
- YTD
- 0.56%
- 6M
- -0.74%
- 1Y
- 1.84%
- 3Y*
- -4.02%
- 5Y*
- —
- 10Y*
- —
CBU0.DE vs. TRDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | -0.89% | 4.58% | -0.25% | 5.06% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 0.56% | -6.69% | -1.18% | -7.37% |
Correlation
The correlation between CBU0.DE and TRDL.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.59 |
The correlation between CBU0.DE and TRDL.DE shifts across timeframes, from 0.40 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CBU0.DE vs. TRDL.DE — Risk / Return Rank
CBU0.DE
TRDL.DE
CBU0.DE vs. TRDL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.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.
| CBU0.DE | TRDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.04 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.23 | +0.35 |
| Martin ratioReturn relative to average drawdown | 1.62 | 0.51 | +1.10 |
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
| CBU0.DE | TRDL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.18 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.28 | +0.73 |
Drawdowns
CBU0.DE vs. TRDL.DE - Drawdown Comparison
The maximum CBU0.DE drawdown since its inception was -6.02%, smaller than the maximum TRDL.DE drawdown of -21.20%. Use the drawdown chart below to compare losses from any high point for CBU0.DE and TRDL.DE.
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Drawdown Indicators
| CBU0.DE | TRDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.02% | -21.20% | +15.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -6.76% | +2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -4.20% | -16.89% | +12.69% |
Current DrawdownCurrent decline from peak | -2.03% | -16.50% | +14.47% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -11.77% | +10.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 3.09% | -1.57% |
Volatility
CBU0.DE vs. TRDL.DE - Volatility Comparison
The current volatility for iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc (CBU0.DE) is 2.00%, while Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a volatility of 2.50%. This indicates that CBU0.DE experiences smaller price fluctuations and is considered to be less risky than TRDL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBU0.DE | TRDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 2.50% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 6.26% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.11% | 9.00% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 13.14% | -7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.81% | 13.14% | -7.33% |
CBU0.DE vs. TRDL.DE - Expense Ratio Comparison
CBU0.DE has a 0.25% expense ratio, which is higher than TRDL.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
CBU0.DE vs. TRDL.DE - Dividend Comparison
CBU0.DE has not paid dividends to shareholders, while TRDL.DE's dividend yield for the trailing twelve months is around 4.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBU0.DE iShares Core GBP Corporate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.15% | 4.26% | 4.36% | 2.87% | 0.51% |
Frequently Asked Questions
CBU0.DE and TRDL.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDL.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDL.DE is cheaper with a 0.06% expense ratio, compared with 0.25% for CBU0.DE.
CBU0.DE is categorized as Corporate Bonds, while TRDL.DE is Government Bonds. CBU0.DE tracks iBoxx® GBP Liquid Corporates Large Cap (EUR Hedged), while TRDL.DE tracks Bloomberg US Long Treasury Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for CBU0.DE and 0.06% for TRDL.DE.
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