T1AP.L vs. IGDA.L
T1AP.L (Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc)) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - T1AP.L is a Ultrashort Bond fund tracking the Bloomberg US Treasury Coupons Index, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, T1AP.L returned 3.94%/yr vs 16.93%/yr for IGDA.L. At a correlation of -0.08, they often move in opposite directions. T1AP.L charges 0.06%/yr vs 0.40%/yr for IGDA.L.
Performance
T1AP.L vs. IGDA.L - Performance Comparison
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Different Trading Currencies
T1AP.L is traded in GBp, while IGDA.L is traded in USD. To make them comparable, the IGDA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, T1AP.L achieves a 2.33% return, which is significantly lower than IGDA.L's 12.31% return.
T1AP.L
- 1D
- 0.32%
- 1M
- 0.33%
- 6M
- 1.66%
- YTD
- 2.33%
- 1Y
- 4.09%
- 3Y*
- 3.94%
- 5Y*
- 4.05%
- 10Y*
- —
IGDA.L
- 1D
- 0.00%
- 1M
- -2.57%
- 6M
- 9.59%
- YTD
- 12.31%
- 1Y
- 25.02%
- 3Y*
- 16.93%
- 5Y*
- —
- 10Y*
- —
T1AP.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
T1AP.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 2.33% | -2.78% | 6.89% | -0.80% | 13.03% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 10.58% | 10.30% | 20.00% | 23.22% | -11.19% |
Correlation
The correlation between T1AP.L and IGDA.L is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | -0.08 |
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Return for Risk
T1AP.L vs. IGDA.L — Risk / Return Rank
T1AP.L
IGDA.L
T1AP.L vs. IGDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (T1AP.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.
| T1AP.L | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.46 | -2.38 |
| Martin ratioReturn relative to average drawdown | 2.77 | 11.18 | -8.41 |
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Drawdowns
T1AP.L vs. IGDA.L - Drawdown Comparison
The maximum T1AP.L drawdown since its inception was -21.77%, roughly equal to the maximum IGDA.L drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for T1AP.L and IGDA.L.
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Drawdown Indicators
| T1AP.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -22.43% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -7.19% | +2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -22.43% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -21.77% | — | — |
Current DrawdownCurrent decline from peak | -15.88% | -3.56% | -12.32% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -4.18% | -9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.23% | -0.48% |
Volatility
T1AP.L vs. IGDA.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (T1AP.L) is 1.64%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.30%. This indicates that T1AP.L experiences smaller price fluctuations and is considered to be less risky than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T1AP.L | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 4.30% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 11.41% | -6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 14.46% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.58% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,962.48% | 16.58% | +2,945.90% |
T1AP.L vs. IGDA.L - Expense Ratio Comparison
T1AP.L has a 0.06% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.
Dividends
T1AP.L vs. IGDA.L - Dividend Comparison
Neither T1AP.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
T1AP.L and IGDA.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T1AP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T1AP.L is cheaper with a 0.06% expense ratio, compared with 0.40% for IGDA.L.
T1AP.L is categorized as Ultrashort Bond, while IGDA.L is Global Equities. T1AP.L tracks Bloomberg US Treasury Coupons Index, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.06% for T1AP.L and 0.40% for IGDA.L.
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