EUN6.DE vs. TRFE.DE
EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) and TRFE.DE (Invesco US Treasury Bond UCITS ETF EUR Hdg Dist) are both Government Bonds funds - EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index while TRFE.DE tracks the Bloomberg U.S. Treasury Total Return Index. Both are passively managed. Over the past 3 years, EUN6.DE returned 2.47%/yr vs 0.92%/yr for TRFE.DE. At a 0.20 correlation, their price movements are largely independent. EUN6.DE charges 0.07%/yr vs 0.10%/yr for TRFE.DE.
Performance
EUN6.DE vs. TRFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN6.DE achieves a 0.06% return, which is significantly higher than TRFE.DE's -1.43% return.
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.18%
- 6M
- 0.83%
- YTD
- 0.06%
- 1Y
- 0.85%
- 3Y*
- 2.47%
- 5Y*
- 1.42%
- 10Y*
- 0.40%
TRFE.DE
- 1D
- 0.19%
- 1M
- -0.39%
- 6M
- -0.87%
- YTD
- -1.43%
- 1Y
- 1.36%
- 3Y*
- 0.92%
- 5Y*
- —
- 10Y*
- —
EUN6.DE vs. TRFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 0.06% | 2.16% | 3.57% | 2.74% | -0.84% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | -1.43% | 4.63% | -1.17% | 1.55% | 4.74% |
Correlation
The correlation between EUN6.DE and TRFE.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.20 |
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Return for Risk
EUN6.DE vs. TRFE.DE — Risk / Return Rank
EUN6.DE
TRFE.DE
EUN6.DE vs. TRFE.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 UCITS ETF EUR Hdg Dist (TRFE.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 | TRFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.06 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.40 | +0.47 |
| Martin ratioReturn relative to average drawdown | 1.90 | 0.99 | +0.92 |
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Drawdowns
EUN6.DE vs. TRFE.DE - Drawdown Comparison
The maximum EUN6.DE drawdown since its inception was -4.94%, smaller than the maximum TRFE.DE drawdown of -17.11%. Use the drawdown chart below to compare losses from any high point for EUN6.DE and TRFE.DE.
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Drawdown Indicators
| EUN6.DE | TRFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.94% | -17.11% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -3.40% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -5.46% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -1.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -4.51% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -9.88% | +9.80% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -10.81% | +9.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.38% | -0.94% |
Volatility
EUN6.DE vs. TRFE.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) is 0.11%, while Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) has a volatility of 1.02%. This indicates that EUN6.DE experiences smaller price fluctuations and is considered to be less risky than TRFE.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 | TRFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 1.02% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 0.57% | 2.75% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.17% | 3.99% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 11.18% | -10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.70% | 11.18% | -10.48% |
EUN6.DE vs. TRFE.DE - Expense Ratio Comparison
EUN6.DE has a 0.07% expense ratio, which is lower than TRFE.DE's 0.10% expense ratio. Despite the difference, 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. TRFE.DE - Dividend Comparison
EUN6.DE's dividend yield for the trailing twelve months is around 0.96%, less than TRFE.DE's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 0.96% | 2.79% | 2.18% | 0.00% | 0.00% |
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | 4.28% | 4.10% | 4.30% | 3.77% | 1.74% |
Frequently Asked Questions
EUN6.DE and TRFE.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, EUN6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN6.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for TRFE.DE.
EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index, while TRFE.DE tracks Bloomberg U.S. Treasury Total Return Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for EUN6.DE and 0.10% for TRFE.DE.
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