ELFE.DE vs. TRDS.DE
ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) and TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) are both Government Bonds funds - ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD while TRDS.DE tracks the Bloomberg US Treasury Index. Both are passively managed. Over the past 5 years, ELFE.DE returned 0.02%/yr vs 0.24%/yr for TRDS.DE. With a 0.95 correlation, they move nearly in lockstep. ELFE.DE charges 0.07%/yr vs 0.06%/yr for TRDS.DE.
Performance
ELFE.DE vs. TRDS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ELFE.DE achieves a 0.55% return, which is significantly lower than TRDS.DE's 0.86% return.
ELFE.DE
- 1D
- 0.13%
- 1M
- 0.62%
- YTD
- 0.55%
- 6M
- -0.26%
- 1Y
- 1.89%
- 3Y*
- -0.01%
- 5Y*
- 0.02%
- 10Y*
- —
TRDS.DE
- 1D
- -0.02%
- 1M
- 0.72%
- YTD
- 0.86%
- 6M
- 0.02%
- 1Y
- 1.02%
- 3Y*
- -0.30%
- 5Y*
- 0.24%
- 10Y*
- —
ELFE.DE vs. TRDS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 0.55% | -3.68% | 5.37% | 0.04% | -9.38% | 5.11% | -0.09% | -4.86% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 0.86% | -5.91% | 6.16% | 0.07% | -6.97% | 5.67% | -2.04% | -4.20% |
Correlation
The correlation between ELFE.DE and TRDS.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.95 |
The correlation between ELFE.DE and TRDS.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
ELFE.DE vs. TRDS.DE — Risk / Return Rank
ELFE.DE
TRDS.DE
ELFE.DE vs. TRDS.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 UCITS ETF Dist (TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.24 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.60 | +0.44 |
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 | TRDS.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 | 0.03 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.05 | -0.18 |
Drawdowns
ELFE.DE vs. TRDS.DE - Drawdown Comparison
The maximum ELFE.DE drawdown since its inception was -20.67%, which is greater than TRDS.DE's maximum drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for ELFE.DE and TRDS.DE.
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Drawdown Indicators
| ELFE.DE | TRDS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.67% | -17.77% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -4.13% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -10.45% | -11.21% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -15.39% | -13.10% | -2.29% |
Current DrawdownCurrent decline from peak | -15.66% | -14.15% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -12.73% | -10.46% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.68% | +0.13% |
Volatility
ELFE.DE vs. TRDS.DE - Volatility Comparison
Deka US Treasury 7-10 UCITS ETF (ELFE.DE) has a higher volatility of 1.17% compared to Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) at 0.93%. This indicates that ELFE.DE's price experiences larger fluctuations and is considered to be riskier than TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.93% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 3.90% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 5.61% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.00% | 8.04% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.73% | 7.80% | +0.93% |
ELFE.DE vs. TRDS.DE - Expense Ratio Comparison
ELFE.DE has a 0.07% expense ratio, which is higher than TRDS.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. TRDS.DE - Dividend Comparison
ELFE.DE's dividend yield for the trailing twelve months is around 4.36%, more than TRDS.DE's 3.65% 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% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.65% | 3.76% | 3.83% | 3.58% | 1.90% | 0.94% | 1.47% | 1.48% |
Frequently Asked Questions
ELFE.DE and TRDS.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDS.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDS.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 TRDS.DE tracks Bloomberg US 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 TRDS.DE.
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