IDTL.L vs. TREI.L
IDTL.L (iShares Treasury Bond 20+ UCITS) and TREI.L (Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist)) are both Government Bonds funds - IDTL.L tracks the ICE U.S. Treasury 20+ Year Bond Index while TREI.L tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, IDTL.L returned -7.30%/yr vs 3.34%/yr for TREI.L. At a 0.23 correlation, their price movements are largely independent. IDTL.L charges 0.07%/yr vs 0.06%/yr for TREI.L.
Performance
IDTL.L vs. TREI.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDTL.L achieves a -1.73% return, which is significantly lower than TREI.L's 1.85% return.
IDTL.L
- 1D
- 0.97%
- 1M
- -1.73%
- 6M
- -1.43%
- YTD
- -1.73%
- 1Y
- 3.68%
- 3Y*
- -1.83%
- 5Y*
- -7.30%
- 10Y*
- -2.06%
TREI.L
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.70%
- YTD
- 1.85%
- 1Y
- 3.91%
- 3Y*
- 4.64%
- 5Y*
- 3.34%
- 10Y*
- —
IDTL.L vs. TREI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IDTL.L iShares Treasury Bond 20+ UCITS | -1.73% | 4.76% | -7.22% | 2.19% | -30.46% | -4.64% | 15.76% |
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) | 1.85% | 4.31% | 5.17% | 4.98% | 0.53% | -0.02% | 1.12% |
Correlation
The correlation between IDTL.L and TREI.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.23 |
The correlation between IDTL.L and TREI.L shifts across timeframes, from 0.12 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDTL.L vs. TREI.L — Risk / Return Rank
IDTL.L
TREI.L
IDTL.L vs. TREI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Bond 20+ UCITS (IDTL.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) (TREI.L). 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.
| IDTL.L | TREI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.20 | ||
| Sortino ratioReturn per unit of downside risk | -10.31 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 4.71 | -3.65 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 13.21 | -12.74 |
| Martin ratioReturn relative to average drawdown | 1.09 | 159.95 | -158.86 |
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Drawdowns
IDTL.L vs. TREI.L - Drawdown Comparison
The maximum IDTL.L drawdown since its inception was -48.31%, which is greater than TREI.L's maximum drawdown of -0.68%. Use the drawdown chart below to compare losses from any high point for IDTL.L and TREI.L.
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Drawdown Indicators
| IDTL.L | TREI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -0.68% | -47.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -0.29% | -7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -17.51% | -0.29% | -17.22% |
Max Drawdown (5Y)Largest decline over 5 years | -43.00% | -0.67% | -42.33% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | — | — |
Current DrawdownCurrent decline from peak | -40.71% | 0.00% | -40.71% |
Average DrawdownAverage peak-to-trough decline | -20.62% | -0.06% | -20.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.02% | +3.34% |
Volatility
IDTL.L vs. TREI.L - Volatility Comparison
iShares Treasury Bond 20+ UCITS (IDTL.L) has a higher volatility of 2.44% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) (TREI.L) at 0.11%. This indicates that IDTL.L's price experiences larger fluctuations and is considered to be riskier than TREI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDTL.L | TREI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 0.11% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.85% | 0.50% | +6.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 0.59% | +9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 0.55% | +14.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.64% | 0.56% | +14.08% |
IDTL.L vs. TREI.L - Expense Ratio Comparison
IDTL.L has a 0.07% expense ratio, which is higher than TREI.L'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
IDTL.L vs. TREI.L - Dividend Comparison
IDTL.L's dividend yield for the trailing twelve months is around 4.74%, more than TREI.L's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDTL.L iShares Treasury Bond 20+ UCITS | 4.74% | 4.31% | 4.66% | 3.79% | 3.01% | 1.74% | 1.76% | 2.49% | 2.79% | 2.59% | 2.63% | 2.14% |
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) | 3.92% | 4.23% | 4.98% | 4.59% | 1.51% | 0.10% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDTL.L and TREI.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TREI.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TREI.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IDTL.L.
IDTL.L tracks ICE U.S. Treasury 20+ Year Bond Index, while TREI.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IDTL.L and 0.06% for TREI.L.
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