EXHC.DE vs. TRD3.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) are both Government Bonds funds - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, EXHC.DE returned -1.04%/yr vs 2.57%/yr for TRD3.DE. At a 0.11 correlation, their price movements are largely independent. EXHC.DE charges 0.16%/yr vs 0.06%/yr for TRD3.DE.
Performance
EXHC.DE vs. TRD3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a -0.30% return, which is significantly lower than TRD3.DE's 3.72% return.
EXHC.DE
- 1D
- 0.02%
- 1M
- -0.51%
- 6M
- -0.56%
- YTD
- -0.30%
- 1Y
- -0.29%
- 3Y*
- 1.91%
- 5Y*
- -1.04%
- 10Y*
- -0.68%
TRD3.DE
- 1D
- 0.03%
- 1M
- 1.51%
- 6M
- 2.33%
- YTD
- 3.72%
- 1Y
- 4.65%
- 3Y*
- 3.61%
- 5Y*
- 2.57%
- 10Y*
- —
EXHC.DE vs. TRD3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | -0.30% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.25% |
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.72% | -6.54% | 10.06% | 0.57% | 2.12% | 7.70% | -6.02% | -7.51% |
Correlation
The correlation between EXHC.DE and TRD3.DE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.11 |
The correlation between EXHC.DE and TRD3.DE shifts across timeframes, from -0.16 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXHC.DE vs. TRD3.DE — Risk / Return Rank
EXHC.DE
TRD3.DE
EXHC.DE vs. TRD3.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 1-3 Year UCITS ETF USD Dist (TRD3.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 | TRD3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.14 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.35 | -1.49 |
| Martin ratioReturn relative to average drawdown | -0.32 | 3.27 | -3.59 |
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Drawdowns
EXHC.DE vs. TRD3.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, which is greater than TRD3.DE's maximum drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and TRD3.DE.
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Drawdown Indicators
| EXHC.DE | TRD3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -13.49% | -0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -3.42% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -10.90% | +8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -12.49% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -7.40% | -5.17% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -7.12% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.42% | -0.52% |
Volatility
EXHC.DE vs. TRD3.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) is 0.66%, while Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) has a volatility of 1.35%. This indicates that EXHC.DE experiences smaller price fluctuations and is considered to be less risky than TRD3.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 | TRD3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.35% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 4.08% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 5.73% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 7.20% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 7.89% | -5.12% |
EXHC.DE vs. TRD3.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% expense ratio, which is higher than TRD3.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. TRD3.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.41%, less than TRD3.DE's 3.82% 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) | 1.41% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.82% | 4.18% | 4.28% | 4.20% | 2.04% | 0.31% | 1.28% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHC.DE and TRD3.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD3.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD3.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 TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.16% for EXHC.DE and 0.06% for TRD3.DE.
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