SXRM.DE vs. TRDL.DE
SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) and TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) are both Government Bonds funds - SXRM.DE tracks the ICE US Treasury 7-10 Year while TRDL.DE tracks the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 3 years, SXRM.DE returned 2.71%/yr vs -1.41%/yr for TRDL.DE. Their correlation of 0.88 suggests significant overlap in exposure. SXRM.DE charges 0.07%/yr vs 0.06%/yr for TRDL.DE.
Performance
SXRM.DE vs. TRDL.DE - Performance Comparison
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Different Trading Currencies
SXRM.DE is traded in USD, while TRDL.DE is traded in EUR. To make them comparable, the TRDL.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRM.DE achieves a -0.65% return, which is significantly lower than TRDL.DE's -0.61% return.
SXRM.DE
- 1D
- 0.24%
- 1M
- -0.48%
- YTD
- -0.65%
- 6M
- -0.41%
- 1Y
- 3.87%
- 3Y*
- 2.71%
- 5Y*
- -0.94%
- 10Y*
- 0.77%
TRDL.DE
- 1D
- 0.29%
- 1M
- -0.37%
- YTD
- -0.61%
- 6M
- -1.02%
- 1Y
- 3.32%
- 3Y*
- -1.41%
- 5Y*
- —
- 10Y*
- —
SXRM.DE vs. TRDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.65% | 8.56% | -0.51% | 3.57% | 2.57% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | -0.61% | 5.34% | -6.83% | 1.18% | 3.99% |
Correlation
The correlation between SXRM.DE and TRDL.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.88 |
The correlation between SXRM.DE and TRDL.DE has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
SXRM.DE vs. TRDL.DE — Risk / Return Rank
SXRM.DE
TRDL.DE
SXRM.DE vs. TRDL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.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.
| SXRM.DE | TRDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.46 | +0.48 |
| Martin ratioReturn relative to average drawdown | 2.93 | 1.21 | +1.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SXRM.DE | TRDL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.34 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.05 | +0.19 |
Drawdowns
SXRM.DE vs. TRDL.DE - Drawdown Comparison
The maximum SXRM.DE drawdown since its inception was -23.31%, which is greater than TRDL.DE's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for SXRM.DE and TRDL.DE.
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Drawdown Indicators
| SXRM.DE | TRDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -20.41% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -7.13% | +3.11% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -17.04% | +9.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | — | — |
Current DrawdownCurrent decline from peak | -10.40% | -9.00% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -8.60% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.74% | -1.45% |
Volatility
SXRM.DE vs. TRDL.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) is 1.83%, while Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a volatility of 3.12%. This indicates that SXRM.DE experiences smaller price fluctuations and is considered to be less risky than TRDL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRM.DE | TRDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 3.12% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 6.68% | -3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.64% | 9.71% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.37% | 13.63% | -6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 13.63% | -7.33% |
SXRM.DE vs. TRDL.DE - Expense Ratio Comparison
SXRM.DE has a 0.07% expense ratio, which is higher than TRDL.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
SXRM.DE vs. TRDL.DE - Dividend Comparison
SXRM.DE has not paid dividends to shareholders, while TRDL.DE's dividend yield for the trailing twelve months is around 4.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.15% | 4.26% | 4.36% | 2.87% | 0.51% |
Frequently Asked Questions
SXRM.DE and TRDL.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDL.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDL.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for SXRM.DE.
SXRM.DE tracks ICE US Treasury 7-10 Year, while TRDL.DE tracks Bloomberg US Long Treasury Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for SXRM.DE and 0.06% for TRDL.DE.
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