EXHC.DE vs. TRD1.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, EXHC.DE returned -0.87%/yr vs 4.03%/yr for TRD1.DE. At a correlation of -0.04, they often move in opposite directions. EXHC.DE charges 0.16%/yr vs 0.06%/yr for TRD1.DE.
Performance
EXHC.DE vs. TRD1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a 0.37% return, which is significantly lower than TRD1.DE's 4.56% return.
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
EXHC.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.12% |
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 EXHC.DE and TRD1.DE is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | -0.04 |
Over the past year, the inverse relationship between EXHC.DE and TRD1.DE has strengthened: their correlation has moved from -0.04 to -0.30, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
EXHC.DE vs. TRD1.DE — Risk / Return Rank
EXHC.DE
TRD1.DE
EXHC.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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.
| EXHC.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.83 | -1.63 |
| Martin ratioReturn relative to average drawdown | 0.46 | 4.77 | -4.31 |
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Drawdowns
EXHC.DE vs. TRD1.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, smaller than the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and TRD1.DE.
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Drawdown Indicators
| EXHC.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -17.81% | +3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -3.70% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -11.60% | +9.27% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -11.70% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -6.78% | -5.44% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -8.30% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.42% | -0.55% |
Volatility
EXHC.DE vs. TRD1.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) is 0.52%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.79%. This indicates that EXHC.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
| EXHC.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 1.79% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 4.67% | -2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 6.32% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 7.48% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.76% | 8.11% | -5.35% |
EXHC.DE vs. TRD1.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% 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
EXHC.DE vs. TRD1.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.40%, less than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHC.DE and TRD1.DE have a correlation of -0.30, 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 0.16% for EXHC.DE.
EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.16% for EXHC.DE and 0.06% for TRD1.DE.
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