CBU7.L vs. TRSX.L
CBU7.L (iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc) and TRSX.L (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - CBU7.L tracks the ICE U.S. Treasury 3-7 Year Bond Index while TRSX.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, CBU7.L returned 1.33%/yr vs 0.70%/yr for TRSX.L. Their correlation of 0.90 suggests significant overlap in exposure. CBU7.L charges 0.07%/yr vs 0.05%/yr for TRSX.L.
Performance
CBU7.L vs. TRSX.L - Performance Comparison
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Returns By Period
In the year-to-date period, CBU7.L achieves a -0.94% return, which is significantly lower than TRSX.L's -0.84% return. Over the past 10 years, CBU7.L has outperformed TRSX.L with an annualized return of 1.33%, while TRSX.L has yielded a comparatively lower 0.70% annualized return.
CBU7.L
- 1D
- -0.42%
- 1M
- -0.82%
- YTD
- -0.94%
- 6M
- -0.40%
- 1Y
- 2.86%
- 3Y*
- 3.59%
- 5Y*
- 0.30%
- 10Y*
- 1.33%
TRSX.L
- 1D
- 0.23%
- 1M
- -0.50%
- YTD
- -0.84%
- 6M
- -0.32%
- 1Y
- 3.93%
- 3Y*
- 2.66%
- 5Y*
- -1.00%
- 10Y*
- 0.70%
CBU7.L vs. TRSX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBU7.L iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc | -0.94% | 7.34% | 2.18% | 4.24% | -9.35% | -2.35% | 6.98% | 6.06% | 1.21% | 1.26% |
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | -0.84% | 8.40% | -0.27% | 3.37% | -15.02% | -3.14% | 9.54% | 8.79% | 0.61% | 2.71% |
Correlation
The correlation between CBU7.L and TRSX.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2016 | 0.90 |
The correlation between CBU7.L and TRSX.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
CBU7.L vs. TRSX.L — Risk / Return Rank
CBU7.L
TRSX.L
CBU7.L vs. TRSX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc (CBU7.L) and SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L). 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.
| CBU7.L | TRSX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.96 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.64 | 2.99 | +0.65 |
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
| CBU7.L | TRSX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.85 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.14 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.11 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.13 | +0.29 |
Drawdowns
CBU7.L vs. TRSX.L - Drawdown Comparison
The maximum CBU7.L drawdown since its inception was -14.18%, smaller than the maximum TRSX.L drawdown of -23.62%. Use the drawdown chart below to compare losses from any high point for CBU7.L and TRSX.L.
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Drawdown Indicators
| CBU7.L | TRSX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.18% | -23.62% | +9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -4.05% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -3.66% | -7.36% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -13.55% | -21.08% | +7.53% |
Max Drawdown (10Y)Largest decline over 10 years | -14.18% | -23.62% | +9.44% |
Current DrawdownCurrent decline from peak | -2.02% | -10.84% | +8.82% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -8.79% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.30% | -0.52% |
Volatility
CBU7.L vs. TRSX.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc (CBU7.L) is 1.16%, while SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) has a volatility of 1.86%. This indicates that CBU7.L experiences smaller price fluctuations and is considered to be less risky than TRSX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBU7.L | TRSX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.86% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 3.36% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 4.57% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 7.44% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.11% | 6.33% | -2.22% |
CBU7.L vs. TRSX.L - Expense Ratio Comparison
CBU7.L has a 0.07% expense ratio, which is higher than TRSX.L's 0.05% 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
CBU7.L vs. TRSX.L - Dividend Comparison
CBU7.L has not paid dividends to shareholders, while TRSX.L's dividend yield for the trailing twelve months is around 4.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CBU7.L iShares $ Treasury Bond 3-7yr UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.09% | 3.90% | 3.57% | 2.71% | 1.65% | 1.02% | 1.56% | 2.34% | 2.07% | 1.88% | 0.74% |
Frequently Asked Questions
With a correlation of 0.91, CBU7.L and TRSX.L 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, TRSX.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRSX.L is cheaper with a 0.05% expense ratio, compared with 0.07% for CBU7.L.
CBU7.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while TRSX.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for CBU7.L and 0.05% for TRSX.L.
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