SNA2.DE vs. TRD1.DE
SNA2.DE (iShares USD Treasury Bond UCITS ETF USD Dist) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - SNA2.DE tracks the ICE US Treasury Core Bond while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, SNA2.DE returned -0.01%/yr vs 3.97%/yr for TRD1.DE. A 0.64 correlation means they provide meaningful diversification when combined. SNA2.DE charges 0.07%/yr vs 0.06%/yr for TRD1.DE.
Performance
SNA2.DE vs. TRD1.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 lower than TRD1.DE's 4.62% 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*
- —
TRD1.DE
- 1D
- 0.00%
- 1M
- 1.46%
- 6M
- 2.92%
- YTD
- 4.62%
- 1Y
- 5.14%
- 3Y*
- 3.93%
- 5Y*
- 3.97%
- 10Y*
- —
SNA2.DE vs. TRD1.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% | -3.37% |
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 SNA2.DE and TRD1.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.64 |
The correlation between SNA2.DE and TRD1.DE has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
SNA2.DE vs. TRD1.DE — Risk / Return Rank
SNA2.DE
TRD1.DE
SNA2.DE vs. TRD1.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 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.
| SNA2.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.38 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.32 | 3.62 | -0.30 |
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Drawdowns
SNA2.DE vs. TRD1.DE - Drawdown Comparison
The maximum SNA2.DE drawdown since its inception was -17.34%, roughly equal to the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for SNA2.DE and TRD1.DE.
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Drawdown Indicators
| SNA2.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.34% | -17.81% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -3.70% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -11.09% | -11.60% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -12.92% | -11.70% | -1.22% |
Current DrawdownCurrent decline from peak | -11.32% | -5.39% | -5.93% |
Average DrawdownAverage peak-to-trough decline | -10.73% | -8.29% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.42% | +0.07% |
Volatility
SNA2.DE vs. TRD1.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 USD Dist (TRD1.DE) at 1.12%. This indicates that SNA2.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.
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Volatility by Period
| SNA2.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 1.12% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.63% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 6.21% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 7.48% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.07% | 8.09% | -0.02% |
SNA2.DE vs. TRD1.DE - Expense Ratio Comparison
SNA2.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
SNA2.DE vs. TRD1.DE - Dividend Comparison
SNA2.DE's dividend yield for the trailing twelve months is around 4.02%, more than TRD1.DE's 3.86% yield.
| 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% |
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% |
Frequently Asked Questions
SNA2.DE and TRD1.DE have a correlation of 0.67, 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 SNA2.DE.
SNA2.DE tracks ICE US Treasury Core Bond, 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 SNA2.DE and 0.06% for TRD1.DE.
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