DTLE.L vs. TRDL.DE
DTLE.L (iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist) and TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) are both exchange-traded funds - DTLE.L is a Long-Term Bond fund managed by iShares, while TRDL.DE is a Government Bonds fund tracking the Bloomberg US Long Treasury Index. Over the past 3 years, DTLE.L returned -3.31%/yr vs -1.90%/yr for TRDL.DE. Their correlation of 0.81 suggests significant overlap in exposure. DTLE.L charges 0.10%/yr vs 0.06%/yr for TRDL.DE.
Performance
DTLE.L vs. TRDL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DTLE.L achieves a -0.13% return, which is significantly lower than TRDL.DE's 4.53% return.
DTLE.L
- 1D
- -0.35%
- 1M
- 1.63%
- YTD
- -0.13%
- 6M
- -0.13%
- 1Y
- 1.74%
- 3Y*
- -3.31%
- 5Y*
- -8.42%
- 10Y*
- —
TRDL.DE
- 1D
- 0.00%
- 1M
- 4.24%
- YTD
- 4.53%
- 6M
- 4.53%
- 1Y
- 7.54%
- 3Y*
- -1.90%
- 5Y*
- —
- 10Y*
- —
DTLE.L vs. TRDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | -0.13% | 2.14% | -9.03% | -0.61% | 1.47% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.53% | -6.13% | -0.85% | -1.72% | -4.67% |
Correlation
The correlation between DTLE.L and TRDL.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.81 |
The correlation between DTLE.L and TRDL.DE shifts across timeframes, from 0.69 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DTLE.L vs. TRDL.DE — Risk / Return Rank
DTLE.L
TRDL.DE
DTLE.L vs. TRDL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) 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.
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.
| DTLE.L | TRDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.15 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.17 | -0.97 |
| Martin ratioReturn relative to average drawdown | 0.49 | 2.55 | -2.05 |
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Drawdowns
DTLE.L vs. TRDL.DE - Drawdown Comparison
The maximum DTLE.L drawdown since its inception was -52.36%, which is greater than TRDL.DE's maximum drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for DTLE.L and TRDL.DE.
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Drawdown Indicators
| DTLE.L | TRDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -20.55% | -31.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -6.45% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.59% | -16.55% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | -45.79% | — | — |
Current DrawdownCurrent decline from peak | -47.11% | -12.18% | -34.93% |
Average DrawdownAverage peak-to-trough decline | -26.03% | -11.38% | -14.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.96% | +0.54% |
Volatility
DTLE.L vs. TRDL.DE - Volatility Comparison
iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) have volatilities of 2.34% and 2.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTLE.L | TRDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.39% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 6.30% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 9.08% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 13.18% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 13.18% | +2.32% |
DTLE.L vs. TRDL.DE - Expense Ratio Comparison
DTLE.L 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%.
Dividends
DTLE.L vs. TRDL.DE - Dividend Comparison
DTLE.L's dividend yield for the trailing twelve months is around 4.62%, less than TRDL.DE's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | 4.62% | 4.18% | 4.75% | 3.75% | 3.05% | 1.76% | 1.68% | 2.50% | 2.88% | 0.51% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.72% | 4.88% | 4.70% | 3.09% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DTLE.L and TRDL.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDL.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDL.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for DTLE.L.
DTLE.L is categorized as Long-Term Bond, while TRDL.DE is Government Bonds. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for DTLE.L and 0.06% for TRDL.DE.
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