EUN6.DE vs. TRD1.DE
EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, EUN6.DE returned 1.62%/yr vs 4.03%/yr for TRD1.DE. At a 0.02 correlation, their price movements are largely independent. EUN6.DE charges 0.07%/yr vs 0.06%/yr for TRD1.DE.
Performance
EUN6.DE vs. TRD1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN6.DE achieves a 1.02% return, which is significantly lower than TRD1.DE's 4.56% return.
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.23%
- 6M
- 0.95%
- YTD
- 1.02%
- 1Y
- 1.89%
- 3Y*
- 2.83%
- 5Y*
- 1.62%
- 10Y*
- 0.49%
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
EUN6.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.02% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.53% |
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% | -17.72% |
Correlation
The correlation between EUN6.DE and TRD1.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.02 |
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Return for Risk
EUN6.DE vs. TRD1.DE — Risk / Return Rank
EUN6.DE
TRD1.DE
EUN6.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.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.
| EUN6.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.19 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 1.83 | +4.02 |
| Martin ratioReturn relative to average drawdown | 22.30 | 4.77 | +17.53 |
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Drawdowns
EUN6.DE vs. TRD1.DE - Drawdown Comparison
The maximum EUN6.DE drawdown since its inception was -4.94%, smaller than the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for EUN6.DE and TRD1.DE.
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Drawdown Indicators
| EUN6.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.94% | -17.81% | +12.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.32% | -3.70% | +3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -0.77% | -11.60% | +10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -1.49% | -11.70% | +10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -4.54% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -5.44% | +5.36% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -8.30% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 1.42% | -1.34% |
Volatility
EUN6.DE vs. TRD1.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) is 0.09%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.79%. This indicates that EUN6.DE experiences smaller price fluctuations and is considered to be less risky 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
| EUN6.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 1.79% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | 4.67% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.64% | 6.32% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.67% | 7.48% | -6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.63% | 8.11% | -7.48% |
EUN6.DE vs. TRD1.DE - Expense Ratio Comparison
EUN6.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
EUN6.DE vs. TRD1.DE - Dividend Comparison
EUN6.DE's dividend yield for the trailing twelve months is around 2.19%, less than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 2.19% | 2.79% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% |
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
EUN6.DE and TRD1.DE have a correlation of -0.03, 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 EUN6.DE.
EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for EUN6.DE and 0.06% for TRD1.DE.
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