DFOB.DE vs. TRD1.DE
DFOB.DE (Amundi Euro Government Bond 25+Y UCITS ETF (Dist)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - DFOB.DE tracks the Bloomberg Euro Treasury 50bn 25+ Year Bond Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, DFOB.DE returned -10.73%/yr vs 4.03%/yr for TRD1.DE. At a correlation of -0.09, they often move in opposite directions. DFOB.DE charges 0.07%/yr vs 0.06%/yr for TRD1.DE.
Performance
DFOB.DE vs. TRD1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DFOB.DE achieves a 1.47% return, which is significantly lower than TRD1.DE's 4.56% return.
DFOB.DE
- 1D
- -0.33%
- 1M
- 0.82%
- 6M
- 2.46%
- YTD
- 1.47%
- 1Y
- -2.97%
- 3Y*
- -2.02%
- 5Y*
- -10.73%
- 10Y*
- —
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
DFOB.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DFOB.DE Amundi Euro Government Bond 25+Y UCITS ETF (Dist) | 1.47% | -10.03% | -3.74% | 9.37% | -40.96% | -10.62% | 3.53% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.56% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -6.99% |
Correlation
The correlation between DFOB.DE and TRD1.DE is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | -0.09 |
The correlation between DFOB.DE and TRD1.DE shifts across timeframes, from -0.22 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFOB.DE vs. TRD1.DE — Risk / Return Rank
DFOB.DE
TRD1.DE
DFOB.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 25+Y UCITS ETF (Dist) (DFOB.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFOB.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.19 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.83 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.86 | 4.77 | -5.63 |
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Drawdowns
DFOB.DE vs. TRD1.DE - Drawdown Comparison
The maximum DFOB.DE drawdown since its inception was -54.51%, which is greater than TRD1.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for DFOB.DE and TRD1.DE.
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Drawdown Indicators
| DFOB.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.51% | -17.81% | -36.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.66% | -3.70% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -18.08% | -11.60% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -51.78% | -11.70% | -40.08% |
Current DrawdownCurrent decline from peak | -49.98% | -5.44% | -44.54% |
Average DrawdownAverage peak-to-trough decline | -36.39% | -8.30% | -28.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 1.42% | +1.93% |
Volatility
DFOB.DE vs. TRD1.DE - Volatility Comparison
Amundi Euro Government Bond 25+Y UCITS ETF (Dist) (DFOB.DE) has a higher volatility of 2.61% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) at 1.79%. This indicates that DFOB.DE's price experiences larger fluctuations and is considered to be riskier than TRD1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFOB.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.79% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 4.67% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 6.32% | +4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.95% | 7.48% | +10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 8.11% | +9.02% |
DFOB.DE vs. TRD1.DE - Expense Ratio Comparison
DFOB.DE has a 0.07% expense ratio, which is higher than TRD1.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
DFOB.DE vs. TRD1.DE - Dividend Comparison
DFOB.DE's dividend yield for the trailing twelve months is around 3.34%, less than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DFOB.DE Amundi Euro Government Bond 25+Y UCITS ETF (Dist) | 3.34% | 3.39% | 1.55% | 2.16% | 2.43% | 1.51% | 0.58% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
Frequently Asked Questions
DFOB.DE and TRD1.DE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for DFOB.DE.
DFOB.DE tracks Bloomberg Euro Treasury 50bn 25+ Year Bond Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.07% for DFOB.DE and 0.06% for TRD1.DE.
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