IBCC.DE vs. TRDE.DE
IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) and TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) are both Government Bonds funds - IBCC.DE tracks the ICE US Treasury Short Bond 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, IBCC.DE returned 4.12%/yr vs -3.30%/yr for TRDE.DE. At a correlation of -0.20, they often move in opposite directions. IBCC.DE charges 0.07%/yr vs 0.10%/yr for TRDE.DE.
Performance
IBCC.DE vs. TRDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCC.DE achieves a 4.60% return, which is significantly higher than TRDE.DE's -1.43% return.
IBCC.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 3.15%
- YTD
- 4.60%
- 1Y
- 5.10%
- 3Y*
- 4.00%
- 5Y*
- 4.12%
- 10Y*
- —
TRDE.DE
- 1D
- 0.43%
- 1M
- -0.30%
- 6M
- -1.18%
- YTD
- -1.43%
- 1Y
- 1.75%
- 3Y*
- 0.80%
- 5Y*
- -3.30%
- 10Y*
- —
IBCC.DE vs. TRDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | 3.04% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.43% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | 8.23% | 4.48% |
Correlation
The correlation between IBCC.DE and TRDE.DE is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | -0.20 |
The correlation between IBCC.DE and TRDE.DE shifts across timeframes, from -0.31 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCC.DE vs. TRDE.DE — Risk / Return Rank
IBCC.DE
TRDE.DE
IBCC.DE vs. TRDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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.
| IBCC.DE | TRDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.42 | +1.15 |
| Martin ratioReturn relative to average drawdown | 3.59 | 1.00 | +2.59 |
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Drawdowns
IBCC.DE vs. TRDE.DE - Drawdown Comparison
The maximum IBCC.DE drawdown since its inception was -16.17%, smaller than the maximum TRDE.DE drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for IBCC.DE and TRDE.DE.
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Drawdown Indicators
| IBCC.DE | TRDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.17% | -27.68% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -4.14% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -7.48% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -24.70% | +13.01% |
Current DrawdownCurrent decline from peak | -5.33% | -19.80% | +14.47% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -13.77% | +5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.74% | -0.32% |
Volatility
IBCC.DE vs. TRDE.DE - Volatility Comparison
iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) and Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) have volatilities of 1.36% and 1.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCC.DE | TRDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.35% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 3.25% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 4.50% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 7.40% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 6.86% | +1.55% |
IBCC.DE vs. TRDE.DE - Expense Ratio Comparison
IBCC.DE has a 0.07% expense ratio, which is lower than TRDE.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
IBCC.DE vs. TRDE.DE - Dividend Comparison
IBCC.DE's dividend yield for the trailing twelve months is around 3.99%, less than TRDE.DE's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.32% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% |
Frequently Asked Questions
IBCC.DE and TRDE.DE have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCC.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for TRDE.DE.
IBCC.DE tracks ICE US Treasury Short Bond 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: 0.07% for IBCC.DE and 0.10% for TRDE.DE.
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