SGEA.L vs. TREI.L
SGEA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and TREI.L (Invesco US Treasury Bond 0-1 Year UCITS ETF) are both Government Bonds funds - SGEA.L tracks the iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) while TREI.L tracks the Invesco US Treasury Bond 0-1 Year UCITS ETF. Both are passively managed. Over the past 5 years, SGEA.L returned 0.02%/yr vs 3.99%/yr for TREI.L. A 0.56 correlation means they provide meaningful diversification when combined. SGEA.L charges 0.50%/yr vs 0.06%/yr for TREI.L.
Performance
SGEA.L vs. TREI.L - Performance Comparison
Loading charts...
Different Trading Currencies
SGEA.L is traded in GBP, while TREI.L is traded in USD. To make them comparable, the TREI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGEA.L achieves a -6.30% return, which is significantly lower than TREI.L's 2.42% return.
SGEA.L
- 1D
- 0.50%
- 1M
- -0.75%
- 6M
- -5.74%
- YTD
- -6.30%
- 1Y
- -7.02%
- 3Y*
- -0.14%
- 5Y*
- 0.02%
- 10Y*
- 0.95%
TREI.L
- 1D
- -0.31%
- 1M
- 0.38%
- 6M
- 2.09%
- YTD
- 2.42%
- 1Y
- 3.88%
- 3Y*
- 3.85%
- 5Y*
- 3.99%
- 10Y*
- —
SGEA.L vs. TREI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -6.30% | -1.01% | 3.19% | -0.97% | 3.25% | -3.19% | 2.88% |
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF | 2.42% | -3.12% | 7.01% | -0.27% | 12.48% | 0.92% | -3.42% |
Correlation
The correlation between SGEA.L and TREI.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.56 |
The correlation between SGEA.L and TREI.L has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
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
SGEA.L vs. TREI.L — Risk / Return Rank
SGEA.L
TREI.L
SGEA.L vs. TREI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF (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.
| SGEA.L | TREI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.11 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.83 | -1.54 |
| Martin ratioReturn relative to average drawdown | -1.29 | 2.27 | -3.56 |
Loading charts...
Drawdowns
SGEA.L vs. TREI.L - Drawdown Comparison
The maximum SGEA.L drawdown since its inception was -40.80%, which is greater than TREI.L's maximum drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for SGEA.L and TREI.L.
Loading charts...
Drawdown Indicators
| SGEA.L | TREI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -19.00% | -21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -5.11% | -3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -10.30% | -9.81% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -15.98% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -10.01% | -5.65% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -10.06% | -7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 1.87% | +3.04% |
Volatility
SGEA.L vs. TREI.L - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (SGEA.L) has a higher volatility of 1.89% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF (TREI.L) at 1.74%. This indicates that SGEA.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.
Loading charts...
Volatility by Period
| SGEA.L | TREI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.74% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 5.04% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.18% | 6.59% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.98% | 8.41% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.03% | 8.77% | -0.74% |
SGEA.L vs. TREI.L - Expense Ratio Comparison
SGEA.L has a 0.50% expense ratio, which is higher than TREI.L's 0.06% expense ratio.
Dividends
SGEA.L vs. TREI.L - Dividend Comparison
SGEA.L's dividend yield for the trailing twelve months is around 3.60%, less than TREI.L's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 3.60% | 3.40% | 3.00% | 2.90% | 2.81% | 2.37% | 2.97% | 2.55% | 2.46% | 2.17% | 2.65% | 1.11% |
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF | 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
SGEA.L and TREI.L have a correlation of 0.49, 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 0.50% for SGEA.L.
SGEA.L tracks iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist), while TREI.L tracks Invesco US Treasury Bond 0-1 Year UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.50% for SGEA.L and 0.06% for TREI.L.
Find the right allocation for SGEA.L and TREI.L
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