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CU31.L vs. TRXG.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CU31.L vs. TRXG.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) and Invesco US Treasury Bond 7-10 Year UCITS ETF A (TRXG.L).

CU31.L and TRXG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CU31.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jun 3, 2009. TRXG.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jan 11, 2019. Both CU31.L and TRXG.L 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

CU31.L vs. TRXG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) and Invesco US Treasury Bond 7-10 Year UCITS ETF A (TRXG.L). The values are adjusted to include any dividend payments, if applicable.

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CU31.L vs. TRXG.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CU31.L
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)		1.28%-1.98%5.81%-1.58%7.82%0.48%-0.40%1.17%
TRXG.L
Invesco US Treasury Bond 7-10 Year UCITS ETF A		0.64%1.07%1.43%-2.16%-4.76%-1.80%6.08%6.04%

Returns By Period

In the year-to-date period, CU31.L achieves a 1.28% return, which is significantly higher than TRXG.L's 0.64% return.

CU31.L

1D
-0.79%
1M
0.12%
YTD
1.28%
6M
2.56%
1Y
0.70%
3Y*
1.54%
5Y*
2.57%
10Y*
2.34%

TRXG.L

1D
-0.62%
1M
-1.17%
YTD
0.64%
6M
2.07%
1Y
0.83%
3Y*
0.12%
5Y*
0.19%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)

Invesco US Treasury Bond 7-10 Year UCITS ETF A

Often compared with CU31.L:
CU31.L vs. EUNA.DECU31.L vs. IBTU.LCU31.L vs. TREX.LCU31.L vs. CSP1.LCU31.L vs. PRIT.LCU31.L vs. IGLN.LCU31.L vs. IB01.L
Often compared with TRXG.L:
TRXG.L vs. IEFTRXG.L vs. PR1T.LTRXG.L vs. U10C.LTRXG.L vs. VDTY.LTRXG.L vs. BBLL.LTRXG.L vs. EQQQ.LTRXG.L vs. EQQU.L

CU31.L vs. TRXG.L - Expense Ratio Comparison

CU31.L has a 0.07% expense ratio, which is higher than TRXG.L'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%.

CU31.L
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)
TRXG.L
Invesco US Treasury Bond 7-10 Year UCITS ETF A

Return for Risk

CU31.L vs. TRXG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CU31.L
CU31.L Risk / Return Rank: 1313
Overall Rank
CU31.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
CU31.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
CU31.L Omega Ratio Rank: 1212
Omega Ratio Rank
CU31.L Calmar Ratio Rank: 1515
Calmar Ratio Rank
CU31.L Martin Ratio Rank: 1414
Martin Ratio Rank
TRXG.L
TRXG.L Risk / Return Rank: 1313
Overall Rank
TRXG.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
TRXG.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
TRXG.L Omega Ratio Rank: 1212
Omega Ratio Rank
TRXG.L Calmar Ratio Rank: 1414
Calmar Ratio Rank
TRXG.L Martin Ratio Rank: 1313
Martin Ratio Rank
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.

CU31.L vs. TRXG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) and Invesco US Treasury Bond 7-10 Year UCITS ETF A (TRXG.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.

CU31.LTRXG.LDifference

Sharpe ratio

Return per unit of total volatility

0.10

0.11

0.00

Sortino ratio

Return per unit of downside risk

0.20

0.20

0.00

Omega ratio

Gain probability vs. loss probability

1.02

1.03

0.00

Calmar ratio

Return relative to maximum drawdown

0.17

0.17

0.00

Martin ratio

Return relative to average drawdown

0.30

0.30

0.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CU31.L vs. TRXG.L - Sharpe Ratio Comparison

The current CU31.L Sharpe Ratio is 0.10, which is comparable to the TRXG.L Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of CU31.L and TRXG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CU31.LTRXG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.10

0.11

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.02

+0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.25

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.08

+0.20

Correlation

The correlation between CU31.L and TRXG.L is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CU31.L vs. TRXG.L - Dividend Comparison

CU31.L has not paid dividends to shareholders, while TRXG.L's dividend yield for the trailing twelve months is around 4.22%.

TTM2025202420232022202120202019
CU31.L
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TRXG.L
Invesco US Treasury Bond 7-10 Year UCITS ETF A		4.22%4.25%4.24%3.55%2.38%1.60%1.94%2.07%

Drawdowns

CU31.L vs. TRXG.L - Drawdown Comparison

The maximum CU31.L drawdown since its inception was -18.80%, smaller than the maximum TRXG.L drawdown of -26.41%. Use the drawdown chart below to compare losses from any high point for CU31.L and TRXG.L.

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Drawdown Indicators

CU31.LTRXG.LDifference

Max Drawdown

Largest peak-to-trough decline

-18.80%

-26.41%

+7.61%

Max Drawdown (1Y)

Largest decline over 1 year

-6.51%

-7.91%

+1.40%

Max Drawdown (5Y)

Largest decline over 5 years

-16.29%

-16.24%

-0.05%

Max Drawdown (10Y)

Largest decline over 10 years

-18.80%

—

—

Current Drawdown

Current decline from peak

-7.04%

-20.20%

+13.16%

Average Drawdown

Average peak-to-trough decline

-8.23%

-16.88%

+8.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

4.41%

-0.84%

Volatility

CU31.L vs. TRXG.L - Volatility Comparison

The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) is 2.04%, while Invesco US Treasury Bond 7-10 Year UCITS ETF A (TRXG.L) has a volatility of 2.23%. This indicates that CU31.L experiences smaller price fluctuations and is considered to be less risky than TRXG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CU31.LTRXG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.04%

2.23%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

4.33%

4.73%

-0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

6.71%

7.73%

-1.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.06%

9.54%

-1.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.22%

10.25%

-1.03%