CU71.L vs. TRIS.L
CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and TRIS.L (Invesco US Treasury Bond 0-1 Year UCITS ETF Dist) are both Government Bonds funds - CU71.L tracks the ICE U.S. Treasury 3-7 Year Bond Index while TRIS.L tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, CU71.L returned 1.47%/yr vs 4.36%/yr for TRIS.L. Their correlation of 0.86 suggests significant overlap in exposure. CU71.L charges 0.07%/yr vs 0.06%/yr for TRIS.L.
Performance
CU71.L vs. TRIS.L - Performance Comparison
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Returns By Period
In the year-to-date period, CU71.L achieves a -0.14% return, which is significantly lower than TRIS.L's 1.60% return.
CU71.L
- 1D
- 0.25%
- 1M
- 0.93%
- YTD
- -0.14%
- 6M
- -0.64%
- 1Y
- 4.29%
- 3Y*
- 1.05%
- 5Y*
- 1.47%
- 10Y*
- 2.15%
TRIS.L
- 1D
- 0.05%
- 1M
- 1.33%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.90%
- 3Y*
- 2.01%
- 5Y*
- 4.36%
- 10Y*
- —
CU71.L vs. TRIS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | -0.14% | -0.08% | 3.77% | -1.43% | 1.45% | -1.10% | 1.51% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 1.60% | -2.79% | 6.84% | -0.75% | 12.57% | 1.25% | -3.44% |
Correlation
The correlation between CU71.L and TRIS.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2020 | 0.87 |
The correlation between CU71.L and TRIS.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
CU71.L vs. TRIS.L — Risk / Return Rank
CU71.L
TRIS.L
CU71.L vs. TRIS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.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.
| CU71.L | TRIS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.09 | -0.24 |
| Martin ratioReturn relative to average drawdown | 2.09 | 2.75 | -0.66 |
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
| CU71.L | TRIS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.76 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.52 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.26 | +0.01 |
Drawdowns
CU71.L vs. TRIS.L - Drawdown Comparison
The maximum CU71.L drawdown since its inception was -20.50%, which is greater than TRIS.L's maximum drawdown of -18.99%. Use the drawdown chart below to compare losses from any high point for CU71.L and TRIS.L.
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Drawdown Indicators
| CU71.L | TRIS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -18.99% | -1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -4.49% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -7.33% | -9.71% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -15.37% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | — | — |
Current DrawdownCurrent decline from peak | -13.12% | -5.66% | -7.46% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -9.81% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.78% | +0.27% |
Volatility
CU71.L vs. TRIS.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) is 1.45%, while Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) has a volatility of 2.02%. This indicates that CU71.L experiences smaller price fluctuations and is considered to be less risky than TRIS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU71.L | TRIS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.02% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | 4.71% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 6.45% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 8.34% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 8.80% | +0.75% |
CU71.L vs. TRIS.L - Expense Ratio Comparison
CU71.L has a 0.07% expense ratio, which is higher than TRIS.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%.
Dividends
CU71.L vs. TRIS.L - Dividend Comparison
CU71.L has not paid dividends to shareholders, while TRIS.L's dividend yield for the trailing twelve months is around 4.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 4.01% | 4.26% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% |
Frequently Asked Questions
CU71.L and TRIS.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRIS.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRIS.L is cheaper with a 0.06% expense ratio, compared with 0.07% for CU71.L.
CU71.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while TRIS.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for CU71.L and 0.06% for TRIS.L.
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