EXHC.DE vs. TRDE.DE
EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) and TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) are both Government Bonds funds - EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index while TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index. Both are passively managed. Over the past 5 years, EXHC.DE returned -1.02%/yr vs -3.36%/yr for TRDE.DE. A 0.65 correlation means they provide meaningful diversification when combined. EXHC.DE charges 0.16%/yr vs 0.10%/yr for TRDE.DE.
Performance
EXHC.DE vs. TRDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHC.DE achieves a -0.23% return, which is significantly higher than TRDE.DE's -1.75% return.
EXHC.DE
- 1D
- 0.03%
- 1M
- -0.36%
- 6M
- -0.63%
- YTD
- -0.23%
- 1Y
- -0.10%
- 3Y*
- 2.10%
- 5Y*
- -1.02%
- 10Y*
- -0.68%
TRDE.DE
- 1D
- 0.03%
- 1M
- -0.56%
- 6M
- -1.72%
- YTD
- -1.75%
- 1Y
- 1.78%
- 3Y*
- 0.76%
- 5Y*
- -3.36%
- 10Y*
- —
EXHC.DE vs. TRDE.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) | -0.23% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.28% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.75% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | 8.23% | 4.48% |
Correlation
The correlation between EXHC.DE and TRDE.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.65 |
The correlation between EXHC.DE and TRDE.DE shifts across timeframes, from 0.49 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXHC.DE vs. TRDE.DE — Risk / Return Rank
EXHC.DE
TRDE.DE
EXHC.DE vs. TRDE.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 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.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 | TRDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.43 | -0.47 |
| Martin ratioReturn relative to average drawdown | -0.11 | 1.03 | -1.14 |
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Drawdowns
EXHC.DE vs. TRDE.DE - Drawdown Comparison
The maximum EXHC.DE drawdown since its inception was -14.39%, smaller than the maximum TRDE.DE drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for EXHC.DE and TRDE.DE.
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Drawdown Indicators
| EXHC.DE | TRDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -27.68% | +13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -4.14% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.33% | -7.64% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -12.55% | -24.70% | +12.15% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | — | — |
Current DrawdownCurrent decline from peak | -7.34% | -20.06% | +12.72% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -13.77% | +10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.72% | -0.83% |
Volatility
EXHC.DE vs. TRDE.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 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) has a volatility of 1.22%. This indicates that EXHC.DE experiences smaller price fluctuations and is considered to be less risky than TRDE.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 | TRDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.22% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 3.24% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.44% | 4.48% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.59% | 7.39% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 6.86% | -4.09% |
EXHC.DE vs. TRDE.DE - Expense Ratio Comparison
EXHC.DE has a 0.16% expense ratio, which is higher than TRDE.DE's 0.10% 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. TRDE.DE - Dividend Comparison
EXHC.DE's dividend yield for the trailing twelve months is around 1.41%, less than TRDE.DE's 4.33% 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% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.33% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHC.DE and TRDE.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDE.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for EXHC.DE.
EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index, while TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.16% for EXHC.DE and 0.10% for TRDE.DE.
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