T1EU.DE vs. D500.DE
T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) and D500.DE (Invesco S&P 500 UCITS ETF Dist) are both exchange-traded funds - T1EU.DE is a Government Bonds fund tracking the Bloomberg US Treasury Coupons Index, while D500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, T1EU.DE returned 1.40%/yr vs 13.91%/yr for D500.DE. At a correlation of -0.06, they often move in opposite directions. T1EU.DE charges 0.10%/yr vs 0.05%/yr for D500.DE.
Performance
T1EU.DE vs. D500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, T1EU.DE achieves a 0.83% return, which is significantly lower than D500.DE's 12.32% return.
T1EU.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.74%
- YTD
- 0.83%
- 1Y
- 1.84%
- 3Y*
- 2.74%
- 5Y*
- 1.40%
- 10Y*
- —
D500.DE
- 1D
- 0.25%
- 1M
- 0.66%
- 6M
- 13.11%
- YTD
- 12.32%
- 1Y
- 24.23%
- 3Y*
- 18.56%
- 5Y*
- 13.91%
- 10Y*
- 15.08%
T1EU.DE vs. D500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.83% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
D500.DE Invesco S&P 500 UCITS ETF Dist | 12.32% | 4.86% | 32.60% | 22.69% | -14.08% | 41.07% | 33.87% |
Correlation
The correlation between T1EU.DE and D500.DE is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | -0.06 |
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Return for Risk
T1EU.DE vs. D500.DE — Risk / Return Rank
T1EU.DE
D500.DE
T1EU.DE vs. D500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) and Invesco S&P 500 UCITS ETF Dist (D500.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.
| T1EU.DE | D500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.38 | +0.24 |
| Martin ratioReturn relative to average drawdown | 17.64 | 11.93 | +5.71 |
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Drawdowns
T1EU.DE vs. D500.DE - Drawdown Comparison
The maximum T1EU.DE drawdown since its inception was -3.20%, smaller than the maximum D500.DE drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for T1EU.DE and D500.DE.
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Drawdown Indicators
| T1EU.DE | D500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -33.62% | +30.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -7.14% | +6.63% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -23.28% | +22.77% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -23.28% | +20.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.62% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.64% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -4.87% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 2.02% | -1.92% |
Volatility
T1EU.DE vs. D500.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) is 0.10%, while Invesco S&P 500 UCITS ETF Dist (D500.DE) has a volatility of 3.67%. This indicates that T1EU.DE experiences smaller price fluctuations and is considered to be less risky than D500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T1EU.DE | D500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 3.67% | -3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 8.00% | -6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 11.88% | -10.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 15.22% | -14.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.73% | 16.92% | -16.19% |
T1EU.DE vs. D500.DE - Expense Ratio Comparison
T1EU.DE has a 0.10% expense ratio, which is higher than D500.DE's 0.05% 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
T1EU.DE vs. D500.DE - Dividend Comparison
T1EU.DE has not paid dividends to shareholders, while D500.DE's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D500.DE Invesco S&P 500 UCITS ETF Dist | 1.10% | 1.18% | 1.27% | 1.54% | 1.70% | 1.25% | 1.62% | 1.85% | 2.08% | 1.67% | 1.69% | 0.29% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T1EU.DE and D500.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D500.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for T1EU.DE.
T1EU.DE is categorized as Government Bonds, while D500.DE is S&P 500. T1EU.DE tracks Bloomberg US Treasury Coupons Index, while D500.DE tracks S&P 500 Index. Their fees differ too: 0.10% for T1EU.DE and 0.05% for D500.DE.
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