JA13.DE vs. TRD1.DE
JA13.DE (JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - JA13.DE tracks the J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, JA13.DE returned 2.47%/yr vs 3.98%/yr for TRD1.DE. Their correlation of 0.88 suggests significant overlap in exposure. JA13.DE charges 0.07%/yr vs 0.06%/yr for TRD1.DE.
Performance
JA13.DE vs. TRD1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JA13.DE achieves a 3.36% return, which is significantly lower than TRD1.DE's 4.64% return.
JA13.DE
- 1D
- -0.25%
- 1M
- 1.31%
- 6M
- 2.39%
- YTD
- 3.36%
- 1Y
- 4.50%
- 3Y*
- 3.52%
- 5Y*
- 2.47%
- 10Y*
- —
TRD1.DE
- 1D
- 0.08%
- 1M
- 1.66%
- 6M
- 3.54%
- YTD
- 4.64%
- 1Y
- 5.35%
- 3Y*
- 4.01%
- 5Y*
- 3.98%
- 10Y*
- —
JA13.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JA13.DE JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF | 3.36% | -6.52% | 9.95% | 0.52% | 2.13% | 7.66% | -7.03% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.64% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between JA13.DE and TRD1.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.88 |
The correlation between JA13.DE and TRD1.DE has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
JA13.DE vs. TRD1.DE — Risk / Return Rank
JA13.DE
TRD1.DE
JA13.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JA13.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.
| JA13.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.44 | +0.04 |
| Martin ratioReturn relative to average drawdown | 3.66 | 3.75 | -0.09 |
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Drawdowns
JA13.DE vs. TRD1.DE - Drawdown Comparison
The maximum JA13.DE drawdown since its inception was -15.21%, smaller than the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for JA13.DE and TRD1.DE.
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Drawdown Indicators
| JA13.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.21% | -17.81% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -3.70% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -10.93% | -11.60% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -12.52% | -11.70% | -0.82% |
Current DrawdownCurrent decline from peak | -5.49% | -5.36% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -8.29% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.42% | +0.01% |
Volatility
JA13.DE vs. TRD1.DE - Volatility Comparison
JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF (JA13.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) have volatilities of 1.43% and 1.48%, 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
| JA13.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.48% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 4.65% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 6.31% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 7.48% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.59% | 8.09% | +0.50% |
JA13.DE vs. TRD1.DE - Expense Ratio Comparison
JA13.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
JA13.DE vs. TRD1.DE - Dividend Comparison
JA13.DE has not paid dividends to shareholders, while TRD1.DE's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JA13.DE JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.96% |
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% |
Frequently Asked Questions
With a correlation of 0.92, JA13.DE and TRD1.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 JA13.DE.
JA13.DE tracks J.P. Morgan Government Bond Index United States 1-3 Year Select Maturity, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.07% for JA13.DE and 0.06% for TRD1.DE.
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