E15G.DE vs. TRD1.DE
E15G.DE (Amundi Euro Government Bond 15+Y UCITS ETF (Dist)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - E15G.DE tracks the Bloomberg Euro Treasury 50bn 15+ Year Bond Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, E15G.DE returned -8.00%/yr vs 4.03%/yr for TRD1.DE. At a correlation of -0.09, they often move in opposite directions. E15G.DE charges 0.15%/yr vs 0.06%/yr for TRD1.DE.
Performance
E15G.DE vs. TRD1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E15G.DE achieves a 1.08% return, which is significantly lower than TRD1.DE's 4.56% return.
E15G.DE
- 1D
- -0.31%
- 1M
- 0.98%
- 6M
- 2.09%
- YTD
- 1.08%
- 1Y
- -1.70%
- 3Y*
- -0.05%
- 5Y*
- -8.00%
- 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*
- —
E15G.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
E15G.DE Amundi Euro Government Bond 15+Y UCITS ETF (Dist) | 1.08% | -6.02% | -1.35% | 9.51% | -35.59% | -7.77% | 2.88% |
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 E15G.DE and TRD1.DE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
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 E15G.DE and TRD1.DE shifts across timeframes, from -0.25 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
E15G.DE vs. TRD1.DE — Risk / Return Rank
E15G.DE
TRD1.DE
E15G.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 15+Y UCITS ETF (Dist) (E15G.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.
| E15G.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.19 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.83 | -2.10 |
| Martin ratioReturn relative to average drawdown | -0.57 | 4.77 | -5.35 |
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Drawdowns
E15G.DE vs. TRD1.DE - Drawdown Comparison
The maximum E15G.DE drawdown since its inception was -46.08%, 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 E15G.DE and TRD1.DE.
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Drawdown Indicators
| E15G.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.08% | -17.81% | -28.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -3.70% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -11.60% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -44.05% | -11.70% | -32.35% |
Current DrawdownCurrent decline from peak | -39.63% | -5.44% | -34.19% |
Average DrawdownAverage peak-to-trough decline | -29.67% | -8.30% | -21.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 1.42% | +1.49% |
Volatility
E15G.DE vs. TRD1.DE - Volatility Comparison
Amundi Euro Government Bond 15+Y UCITS ETF (Dist) (E15G.DE) has a higher volatility of 2.20% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) at 1.79%. This indicates that E15G.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
| E15G.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.79% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 4.67% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 6.32% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 7.48% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.59% | 8.11% | +5.48% |
E15G.DE vs. TRD1.DE - Expense Ratio Comparison
E15G.DE has a 0.15% 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
E15G.DE vs. TRD1.DE - Dividend Comparison
E15G.DE's dividend yield for the trailing twelve months is around 2.96%, less than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
E15G.DE Amundi Euro Government Bond 15+Y UCITS ETF (Dist) | 2.96% | 2.99% | 2.47% | 2.13% | 2.81% | 1.91% | 0.73% |
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
E15G.DE and TRD1.DE have a correlation of -0.25, 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 0.15% for E15G.DE.
E15G.DE tracks Bloomberg Euro Treasury 50bn 15+ 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: 0.15% for E15G.DE and 0.06% for TRD1.DE.
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