SXRL.DE vs. TRD1.DE
SXRL.DE (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - SXRL.DE tracks the ICE US Treasury 3-7 Year while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, SXRL.DE returned 0.36%/yr vs 3.39%/yr for TRD1.DE. At a correlation of -0.02, they often move in opposite directions. SXRL.DE charges 0.07%/yr vs 0.06%/yr for TRD1.DE.
Performance
SXRL.DE vs. TRD1.DE - Performance Comparison
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Different Trading Currencies
SXRL.DE is traded in USD, while TRD1.DE is traded in EUR. To make them comparable, the TRD1.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRL.DE achieves a -0.21% return, which is significantly lower than TRD1.DE's 2.20% return.
SXRL.DE
- 1D
- 0.17%
- 1M
- -0.03%
- 6M
- -0.28%
- YTD
- -0.21%
- 1Y
- 3.26%
- 3Y*
- 3.84%
- 5Y*
- 0.36%
- 10Y*
- 1.32%
TRD1.DE
- 1D
- 0.54%
- 1M
- 0.64%
- 6M
- 2.00%
- YTD
- 2.20%
- 1Y
- 4.18%
- 3Y*
- 4.77%
- 5Y*
- 3.39%
- 10Y*
- —
SXRL.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SXRL.DE iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | -0.21% | 7.42% | 1.92% | 4.32% | -9.33% | -2.32% | 6.47% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 2.20% | 4.60% | 4.87% | 4.58% | 0.85% | -0.19% | -8.73% |
Correlation
The correlation between SXRL.DE and TRD1.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | -0.02 |
The correlation between SXRL.DE and TRD1.DE shifts across timeframes, from -0.14 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRL.DE vs. TRD1.DE — Risk / Return Rank
SXRL.DE
TRD1.DE
SXRL.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.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.
| SXRL.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.62 | -2.29 |
| Martin ratioReturn relative to average drawdown | 3.47 | 10.89 | -7.42 |
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Drawdowns
SXRL.DE vs. TRD1.DE - Drawdown Comparison
The maximum SXRL.DE drawdown since its inception was -14.09%, which is greater than TRD1.DE's maximum drawdown of -13.17%. Use the drawdown chart below to compare losses from any high point for SXRL.DE and TRD1.DE.
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Drawdown Indicators
| SXRL.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.09% | -13.17% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.43% | -1.15% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -1.53% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -1.56% | -11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -14.09% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | 0.00% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -5.25% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.38% | +0.56% |
Volatility
SXRL.DE vs. TRD1.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (SXRL.DE) is 0.84%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.52%. This indicates that SXRL.DE experiences smaller price fluctuations and is considered to be less risky 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
| SXRL.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.52% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 3.54% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 4.48% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 4.30% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.84% | 6.49% | -2.65% |
SXRL.DE vs. TRD1.DE - Expense Ratio Comparison
SXRL.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
SXRL.DE vs. TRD1.DE - Dividend Comparison
SXRL.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 |
|---|---|---|---|---|---|---|---|
SXRL.DE iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
SXRL.DE and TRD1.DE have a correlation of -0.14, 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 SXRL.DE.
SXRL.DE tracks ICE US Treasury 3-7 Year, 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 SXRL.DE and 0.06% for TRD1.DE.
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