IS04.DE vs. TRD1.DE
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, IS04.DE returned -6.77%/yr vs 3.97%/yr for TRD1.DE. At a 0.23 correlation, their price movements are largely independent. IS04.DE charges 0.07%/yr vs 0.06%/yr for TRD1.DE.
Performance
IS04.DE vs. TRD1.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS04.DE achieves a 1.63% return, which is significantly lower than TRD1.DE's 4.62% return.
IS04.DE
- 1D
- 0.74%
- 1M
- -0.54%
- 6M
- -0.18%
- YTD
- 1.63%
- 1Y
- 5.06%
- 3Y*
- -2.54%
- 5Y*
- -6.77%
- 10Y*
- -2.46%
TRD1.DE
- 1D
- 0.00%
- 1M
- 1.46%
- 6M
- 2.92%
- YTD
- 4.62%
- 1Y
- 5.14%
- 3Y*
- 3.93%
- 5Y*
- 3.97%
- 10Y*
- —
IS04.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 1.63% | -7.08% | -2.45% | -1.26% | -25.93% | 3.50% | 3.93% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.62% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between IS04.DE and TRD1.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IS04.DE vs. TRD1.DE — Risk / Return Rank
IS04.DE
TRD1.DE
IS04.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.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.
| IS04.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.15 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 1.38 | -0.71 |
| Martin ratioReturn relative to average drawdown | 1.42 | 3.62 | -2.19 |
Loading charts...
Drawdowns
IS04.DE vs. TRD1.DE - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, which is greater than TRD1.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for IS04.DE and TRD1.DE.
Loading charts...
Drawdown Indicators
| IS04.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -17.81% | -29.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -3.70% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -11.60% | -6.74% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -11.70% | -28.26% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | — | — |
Current DrawdownCurrent decline from peak | -43.27% | -5.39% | -37.88% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -8.29% | -14.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 1.42% | +2.12% |
Volatility
IS04.DE vs. TRD1.DE - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a higher volatility of 2.62% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) at 1.12%. This indicates that IS04.DE's price experiences larger fluctuations and is considered to be riskier than TRD1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS04.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 1.12% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 4.63% | +2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.84% | 6.21% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 7.48% | +7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 8.09% | +6.50% |
IS04.DE vs. TRD1.DE - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is higher than TRD1.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
IS04.DE vs. TRD1.DE - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.68%, more than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.68% | 4.38% | 4.61% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.78% | 2.73% | 2.57% | 2.14% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS04.DE and TRD1.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for IS04.DE.
IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IS04.DE and 0.06% for TRD1.DE.
Find the right allocation for IS04.DE and TRD1.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer