IDTL.L vs. TREX.L
IDTL.L (iShares Treasury Bond 20+ UCITS) and TREX.L (Invesco US Treasury Bond 7-10 Year UCITS ETF Dist) are both Government Bonds funds - IDTL.L tracks the ICE U.S. Treasury 20+ Year Bond Index while TREX.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, IDTL.L returned -6.07%/yr vs -0.91%/yr for TREX.L. Their correlation of 0.89 suggests significant overlap in exposure. IDTL.L charges 0.07%/yr vs 0.06%/yr for TREX.L.
Performance
IDTL.L vs. TREX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDTL.L achieves a -1.14% return, which is significantly lower than TREX.L's -0.77% return.
IDTL.L
- 1D
- 0.36%
- 1M
- 0.66%
- YTD
- -1.14%
- 6M
- -1.07%
- 1Y
- 3.86%
- 3Y*
- -1.56%
- 5Y*
- -6.07%
- 10Y*
- -1.51%
TREX.L
- 1D
- 0.23%
- 1M
- -0.01%
- YTD
- -0.77%
- 6M
- -0.51%
- 1Y
- 3.93%
- 3Y*
- 2.76%
- 5Y*
- -0.91%
- 10Y*
- —
IDTL.L vs. TREX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IDTL.L iShares Treasury Bond 20+ UCITS | -1.14% | 4.67% | -7.18% | 2.22% | -30.42% | -4.71% | 17.11% | 15.94% |
TREX.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | -0.77% | 8.42% | -0.22% | 3.57% | -14.95% | -3.02% | 9.77% | 7.52% |
Correlation
The correlation between IDTL.L and TREX.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.89 |
The correlation between IDTL.L and TREX.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
IDTL.L vs. TREX.L — Risk / Return Rank
IDTL.L
TREX.L
IDTL.L vs. TREX.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 7-10 Year UCITS ETF Dist (TREX.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.
| IDTL.L | TREX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.15 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.99 | -0.48 |
| Martin ratioReturn relative to average drawdown | 1.27 | 3.06 | -1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDTL.L | TREX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 0.87 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.12 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.16 | -0.23 |
Drawdowns
IDTL.L vs. TREX.L - Drawdown Comparison
The maximum IDTL.L drawdown since its inception was -48.31%, which is greater than TREX.L's maximum drawdown of -23.36%. Use the drawdown chart below to compare losses from any high point for IDTL.L and TREX.L.
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Drawdown Indicators
| IDTL.L | TREX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.31% | -23.36% | -24.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.62% | -3.96% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -7.40% | -11.09% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -20.95% | -22.00% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | — | — |
Current DrawdownCurrent decline from peak | -40.36% | -10.25% | -30.11% |
Average DrawdownAverage peak-to-trough decline | -20.41% | -9.97% | -10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.28% | +1.75% |
Volatility
IDTL.L vs. TREX.L - Volatility Comparison
iShares Treasury Bond 20+ UCITS (IDTL.L) has a higher volatility of 3.32% compared to Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) at 1.83%. This indicates that IDTL.L's price experiences larger fluctuations and is considered to be riskier than TREX.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 | TREX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 1.83% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 3.29% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 4.53% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 7.48% | +7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 6.93% | +7.68% |
IDTL.L vs. TREX.L - Expense Ratio Comparison
IDTL.L has a 0.07% expense ratio, which is higher than TREX.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. TREX.L - Dividend Comparison
IDTL.L's dividend yield for the trailing twelve months is around 4.36%, more than TREX.L's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDTL.L iShares Treasury Bond 20+ UCITS | 4.36% | 4.31% | 4.65% | 3.79% | 3.01% | 1.74% | 1.76% | 2.49% | 2.79% | 2.60% | 2.63% | 2.14% |
TREX.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | 4.29% | 4.23% | 4.34% | 3.48% | 2.41% | 1.63% | 1.81% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDTL.L and TREX.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TREX.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TREX.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 TREX.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IDTL.L and 0.06% for TREX.L.
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