T1AP.L vs. QUID.L
T1AP.L (Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc)) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF GBP (Dist)) are both Ultrashort Bond funds. T1AP.L is passively managed, while QUID.L is actively managed. Over the past 5 years, T1AP.L returned 4.05%/yr vs 3.27%/yr for QUID.L. At a correlation of -0.05, they often move in opposite directions. T1AP.L charges 0.06%/yr vs 0.19%/yr for QUID.L.
Performance
T1AP.L vs. QUID.L - Performance Comparison
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Different Trading Currencies
T1AP.L is traded in GBp, while QUID.L is traded in GBP. To make them comparable, the QUID.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 higher than QUID.L's 2.10% return.
T1AP.L
- 1D
- 0.32%
- 1M
- 0.55%
- 6M
- 1.70%
- YTD
- 2.33%
- 1Y
- 4.49%
- 3Y*
- 3.94%
- 5Y*
- 4.05%
- 10Y*
- —
QUID.L
- 1D
- 0.02%
- 1M
- 0.32%
- 6M
- 1.87%
- YTD
- 2.10%
- 1Y
- 4.33%
- 3Y*
- 5.08%
- 5Y*
- 3.27%
- 10Y*
- 2.00%
T1AP.L vs. QUID.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
T1AP.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 2.33% | -2.78% | 6.89% | -0.80% | 12.56% | 1.28% | 7,301.82% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 2.10% | 4.89% | 5.67% | 4.95% | -0.96% | -0.07% | 0.59% |
Correlation
The correlation between T1AP.L and QUID.L 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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | -0.05 |
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Return for Risk
T1AP.L vs. QUID.L — Risk / Return Rank
T1AP.L
QUID.L
T1AP.L vs. QUID.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 PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.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 | QUID.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.17 | ||
| Sortino ratioReturn per unit of downside risk | -9.50 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 2.76 | -1.63 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 9.65 | -8.57 |
| Martin ratioReturn relative to average drawdown | 2.77 | 77.30 | -74.53 |
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Drawdowns
T1AP.L vs. QUID.L - Drawdown Comparison
The maximum T1AP.L drawdown since its inception was -21.77%, which is greater than QUID.L's maximum drawdown of -2.47%. Use the drawdown chart below to compare losses from any high point for T1AP.L and QUID.L.
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Drawdown Indicators
| T1AP.L | QUID.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -2.47% | -19.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -0.45% | -4.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -0.45% | -21.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.77% | -2.47% | -19.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.47% | — |
Current DrawdownCurrent decline from peak | -15.88% | -0.00% | -15.88% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -0.21% | -13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 0.06% | +1.69% |
Volatility
T1AP.L vs. QUID.L - Volatility Comparison
Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (T1AP.L) has a higher volatility of 1.64% compared to PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.L) at 0.17%. This indicates that T1AP.L's price experiences larger fluctuations and is considered to be riskier than QUID.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 | QUID.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.17% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 0.64% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 0.73% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 0.74% | +15.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,962.48% | 0.62% | +2,961.86% |
T1AP.L vs. QUID.L - Expense Ratio Comparison
T1AP.L has a 0.06% expense ratio, which is lower than QUID.L's 0.19% 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
T1AP.L vs. QUID.L - Dividend Comparison
T1AP.L has not paid dividends to shareholders, while QUID.L's dividend yield for the trailing twelve months is around 4.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 4.18% | 4.19% | 4.67% | 3.69% | 0.66% | 0.08% | 0.31% | 0.73% | 0.52% | 0.33% | 0.59% | 0.55% |
T1AP.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T1AP.L and QUID.L 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, 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 0.19% for QUID.L.
They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.06% for T1AP.L and 0.19% for QUID.L.
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