EXVM.DE vs. TRD3.DE
EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) and TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) are both Government Bonds funds - EXVM.DE tracks the eb.rexx Government Germany 0-1 Index while TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, EXVM.DE returned 1.44%/yr vs 2.57%/yr for TRD3.DE. At a correlation of -0.01, they often move in opposite directions. EXVM.DE charges 0.13%/yr vs 0.06%/yr for TRD3.DE.
Performance
EXVM.DE vs. TRD3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXVM.DE achieves a 0.82% return, which is significantly lower than TRD3.DE's 3.72% return.
EXVM.DE
- 1D
- -0.03%
- 1M
- 0.16%
- 6M
- 0.84%
- YTD
- 0.82%
- 1Y
- 1.67%
- 3Y*
- 2.59%
- 5Y*
- 1.44%
- 10Y*
- 0.30%
TRD3.DE
- 1D
- 0.03%
- 1M
- 1.51%
- 6M
- 2.33%
- YTD
- 3.72%
- 1Y
- 4.65%
- 3Y*
- 3.61%
- 5Y*
- 2.57%
- 10Y*
- —
EXVM.DE vs. TRD3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.82% | 2.06% | 3.37% | 2.36% | -1.00% | -0.83% | -0.79% | -0.71% |
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 EXVM.DE and TRD3.DE is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | -0.01 |
The correlation between EXVM.DE and TRD3.DE shifts across timeframes, from -0.11 (1 year) to -0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXVM.DE vs. TRD3.DE — Risk / Return Rank
EXVM.DE
TRD3.DE
EXVM.DE vs. TRD3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.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.
| EXVM.DE | TRD3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.14 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 14.11 | 1.35 | +12.75 |
| Martin ratioReturn relative to average drawdown | 54.31 | 3.27 | +51.04 |
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Drawdowns
EXVM.DE vs. TRD3.DE - Drawdown Comparison
The maximum EXVM.DE drawdown since its inception was -6.33%, smaller than the maximum TRD3.DE drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for EXVM.DE and TRD3.DE.
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Drawdown Indicators
| EXVM.DE | TRD3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.33% | -13.49% | +7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -3.42% | +3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.13% | -10.90% | +10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -1.61% | -12.49% | +10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -5.60% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -5.17% | +5.14% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -7.12% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.42% | -1.39% |
Volatility
EXVM.DE vs. TRD3.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) is 0.12%, while Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) has a volatility of 1.35%. This indicates that EXVM.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
| EXVM.DE | TRD3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 1.35% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 4.08% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 5.73% | -5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.51% | 7.20% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.79% | 7.89% | -7.10% |
EXVM.DE vs. TRD3.DE - Expense Ratio Comparison
EXVM.DE has a 0.13% 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
EXVM.DE vs. TRD3.DE - Dividend Comparison
EXVM.DE's dividend yield for the trailing twelve months is around 1.06%, less than TRD3.DE's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 1.06% | 1.14% | 0.77% | 0.80% | 0.61% | 0.78% | 0.96% | 1.10% | 1.05% | 1.15% | 1.51% | 1.63% |
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
EXVM.DE and TRD3.DE have a correlation of -0.11, 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 0.13% for EXVM.DE.
EXVM.DE tracks eb.rexx Government Germany 0-1 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: 0.13% for EXVM.DE and 0.06% for TRD3.DE.
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