SNA2.DE vs. T1EU.DE
SNA2.DE (iShares USD Treasury Bond UCITS ETF USD Dist) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - SNA2.DE tracks the ICE US Treasury Core Bond while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, SNA2.DE returned -0.01%/yr vs 1.42%/yr for T1EU.DE. At a 0.05 correlation, their price movements are largely independent. SNA2.DE charges 0.07%/yr vs 0.10%/yr for T1EU.DE.
Performance
SNA2.DE vs. T1EU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNA2.DE achieves a 2.85% return, which is significantly higher than T1EU.DE's 0.92% return.
SNA2.DE
- 1D
- 0.27%
- 1M
- 1.09%
- 6M
- 1.47%
- YTD
- 2.85%
- 1Y
- 4.94%
- 3Y*
- 2.28%
- 5Y*
- -0.01%
- 10Y*
- —
T1EU.DE
- 1D
- -0.02%
- 1M
- 0.21%
- 6M
- 0.85%
- YTD
- 0.92%
- 1Y
- 1.89%
- 3Y*
- 2.72%
- 5Y*
- 1.42%
- 10Y*
- —
SNA2.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 2.85% | -5.58% | 6.59% | 0.19% | -6.84% | 5.89% | -10.40% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.92% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between SNA2.DE and T1EU.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | 0.05 |
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Return for Risk
SNA2.DE vs. T1EU.DE — Risk / Return Rank
SNA2.DE
T1EU.DE
SNA2.DE vs. T1EU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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.
| SNA2.DE | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.71 | -2.48 |
| Martin ratioReturn relative to average drawdown | 3.32 | 16.22 | -12.91 |
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Drawdowns
SNA2.DE vs. T1EU.DE - Drawdown Comparison
The maximum SNA2.DE drawdown since its inception was -17.34%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for SNA2.DE and T1EU.DE.
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Drawdown Indicators
| SNA2.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.34% | -3.20% | -14.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -0.51% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -11.09% | -0.51% | -10.58% |
Max Drawdown (5Y)Largest decline over 5 years | -12.92% | -2.36% | -10.56% |
Current DrawdownCurrent decline from peak | -11.32% | -0.02% | -11.30% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -0.85% | -9.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.12% | +1.37% |
Volatility
SNA2.DE vs. T1EU.DE - Volatility Comparison
iShares USD Treasury Bond UCITS ETF USD Dist (SNA2.DE) has a higher volatility of 1.29% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.64%. This indicates that SNA2.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNA2.DE | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 0.64% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 1.22% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 1.57% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 0.85% | +7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 0.77% | +7.30% |
SNA2.DE vs. T1EU.DE - Expense Ratio Comparison
SNA2.DE has a 0.07% expense ratio, which is lower than T1EU.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SNA2.DE vs. T1EU.DE - Dividend Comparison
SNA2.DE's dividend yield for the trailing twelve months is around 4.02%, while T1EU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SNA2.DE iShares USD Treasury Bond UCITS ETF USD Dist | 4.02% | 4.21% | 3.82% | 3.27% | 1.45% | 0.85% | 1.52% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% |
Frequently Asked Questions
SNA2.DE and T1EU.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SNA2.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SNA2.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for T1EU.DE.
SNA2.DE tracks ICE US Treasury Core Bond, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for SNA2.DE and 0.10% for T1EU.DE.
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