CEMF.DE vs. TRDL.DE

Last updated Apr 1, 2026

Compare and contrast key facts about iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE).

CEMF.DE and TRDL.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEMF.DE is a passively managed fund by iShares that tracks the performance of the ICE US Treasury 7-10 Year Bond Index. It was launched on Mar 28, 2024. TRDL.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Long Treasury. It was launched on Oct 12, 2022. Both CEMF.DE and TRDL.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CEMF.DE vs. TRDL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.DE) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE). The values are adjusted to include any dividend payments, if applicable.

CEMF.DE vs. TRDL.DE - Yearly Performance Comparison

	2026 (YTD)	2025
CEMF.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc	-1.01%	2.59%
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist	1.39%	1.03%

Returns By Period

In the year-to-date period, CEMF.DE achieves a -1.01% return, which is significantly lower than TRDL.DE's 1.39% return.

CEMF.DE

• 1D: -0.09%
• 1M: -2.57%
• YTD: -1.01%
• 6M: -0.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRDL.DE

• 1D: -0.87%
• 1M: -1.73%
• YTD: 1.39%
• 6M: 0.64%
• 1Y: -6.47%
• 3Y*: -4.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEMF.DE vs. TRDL.DE - Expense Ratio Comparison

CEMF.DE has a 0.10% 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%.

CEMF.DE

iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc

TRDL.DE

Invesco US Treasury Bond 10+ Year UCITS ETF Dist

Return for Risk

CEMF.DE vs. TRDL.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRDL.DE

TRDL.DE Risk / Return Rank: 4
TRDL.DE Sharpe Ratio Rank: 4
TRDL.DE Sortino Ratio Rank: 3
TRDL.DE Omega Ratio Rank: 3
TRDL.DE Calmar Ratio Rank: 4
TRDL.DE Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEMF.DE vs. TRDL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Acc (CEMF.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CEMF.DE	TRDL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	-0.27	+0.80

Correlation

The correlation between CEMF.DE and TRDL.DE is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CEMF.DE vs. TRDL.DE - Dividend Comparison

CEMF.DE has not paid dividends to shareholders, while TRDL.DE's dividend yield for the trailing twelve months is around 4.11%.

	TTM	2025	2024	2023	2022
CEMF.DE iShares $ Treasury Bond 7-10yr 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	4.11%	4.26%	4.36%	2.87%	0.51%

Drawdowns

CEMF.DE vs. TRDL.DE - Drawdown Comparison

The maximum CEMF.DE drawdown since its inception was -3.14%, smaller than the maximum TRDL.DE drawdown of -21.20%. Use the drawdown chart below to compare losses from any high point for CEMF.DE and TRDL.DE.

Drawdown Indicators

	CEMF.DE	TRDL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-3.14%	-21.20%	+18.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.74%	—
Current Drawdown Current decline from peak	-2.57%	-15.81%	+13.24%
Average Drawdown Average peak-to-trough decline	-0.81%	-11.50%	+10.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.96%	—

Volatility

Volatility by Period

	CEMF.DE	TRDL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	12.38%	-7.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	13.37%	-8.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.42%	13.37%	-8.95%