ELFE.DE vs. TRDL.DE
ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) and TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) are both Government Bonds funds - ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD while TRDL.DE tracks the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 3 years, ELFE.DE returned -0.01%/yr vs -4.02%/yr for TRDL.DE. Their correlation of 0.84 suggests significant overlap in exposure. ELFE.DE charges 0.07%/yr vs 0.06%/yr for TRDL.DE.
Performance
ELFE.DE vs. TRDL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ELFE.DE having a 0.55% return and TRDL.DE slightly higher at 0.56%.
ELFE.DE
- 1D
- 0.13%
- 1M
- 0.62%
- YTD
- 0.55%
- 6M
- -0.26%
- 1Y
- 1.89%
- 3Y*
- -0.01%
- 5Y*
- 0.02%
- 10Y*
- —
TRDL.DE
- 1D
- 0.19%
- 1M
- 1.37%
- YTD
- 0.56%
- 6M
- -0.99%
- 1Y
- 1.59%
- 3Y*
- -4.02%
- 5Y*
- —
- 10Y*
- —
ELFE.DE vs. TRDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 0.55% | -3.68% | 5.37% | 0.04% | -5.59% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 0.56% | -6.69% | -1.18% | -1.92% | -4.24% |
Correlation
The correlation between ELFE.DE and TRDL.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.84 |
The correlation between ELFE.DE and TRDL.DE has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
ELFE.DE vs. TRDL.DE — Risk / Return Rank
ELFE.DE
TRDL.DE
ELFE.DE vs. TRDL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka US Treasury 7-10 UCITS ETF (ELFE.DE) 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.
| ELFE.DE | TRDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.23 | +0.18 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.51 | +0.53 |
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
| ELFE.DE | TRDL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.18 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | -0.28 | +0.15 |
Drawdowns
ELFE.DE vs. TRDL.DE - Drawdown Comparison
The maximum ELFE.DE drawdown since its inception was -20.67%, roughly equal to the maximum TRDL.DE drawdown of -21.20%. Use the drawdown chart below to compare losses from any high point for ELFE.DE and TRDL.DE.
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Drawdown Indicators
| ELFE.DE | TRDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -21.20% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -6.76% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -10.45% | -16.89% | +6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -15.39% | — | — |
Current DrawdownCurrent decline from peak | -15.66% | -16.50% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -11.77% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 3.09% | -1.28% |
Volatility
ELFE.DE vs. TRDL.DE - Volatility Comparison
The current volatility for Deka US Treasury 7-10 UCITS ETF (ELFE.DE) is 1.17%, while Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a volatility of 2.50%. This indicates that ELFE.DE experiences smaller price fluctuations and is considered to be less risky than TRDL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELFE.DE | TRDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.50% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 6.26% | -2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 9.00% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.00% | 13.14% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.73% | 13.14% | -4.41% |
ELFE.DE vs. TRDL.DE - Expense Ratio Comparison
ELFE.DE has a 0.07% 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
ELFE.DE vs. TRDL.DE - Dividend Comparison
ELFE.DE's dividend yield for the trailing twelve months is around 4.36%, more than TRDL.DE's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 4.36% | 3.84% | 2.83% | 2.04% | 1.74% | 2.27% | 1.81% | 0.24% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.15% | 4.26% | 4.36% | 2.87% | 0.51% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELFE.DE and TRDL.DE have a correlation of 0.78, 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 0.07% for ELFE.DE.
ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD, while TRDL.DE tracks Bloomberg US Long Treasury Index. They also come from different issuers: Deka Investment GmbH and Invesco. Their fees differ too: 0.07% for ELFE.DE and 0.06% for TRDL.DE.
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