T1EU.DE vs. D5BE.DE
T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) and D5BE.DE (Xtrackers II US Treasuries 1-3 UCITS ETF (Dist)) are both Government Bonds funds - T1EU.DE tracks the Bloomberg US Treasury Coupons Index while D5BE.DE tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, T1EU.DE returned 1.40%/yr vs 2.59%/yr for D5BE.DE. At a correlation of -0.05, they often move in opposite directions. T1EU.DE charges 0.10%/yr vs 0.06%/yr for D5BE.DE.
Performance
T1EU.DE vs. D5BE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, T1EU.DE achieves a 0.85% return, which is significantly lower than D5BE.DE's 3.69% return.
T1EU.DE
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.81%
- YTD
- 0.85%
- 1Y
- 1.84%
- 3Y*
- 2.69%
- 5Y*
- 1.40%
- 10Y*
- —
D5BE.DE
- 1D
- 0.16%
- 1M
- 1.54%
- 6M
- 2.67%
- YTD
- 3.69%
- 1Y
- 4.81%
- 3Y*
- 3.65%
- 5Y*
- 2.59%
- 10Y*
- 1.38%
T1EU.DE vs. D5BE.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 | 0.85% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 3.69% | -6.60% | 10.00% | 0.62% | 2.33% | 7.69% | -9.64% |
Correlation
The correlation between T1EU.DE and D5BE.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | -0.05 |
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Return for Risk
T1EU.DE vs. D5BE.DE — Risk / Return Rank
T1EU.DE
D5BE.DE
T1EU.DE vs. D5BE.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 Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.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 | D5BE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 1.36 | +2.26 |
| Martin ratioReturn relative to average drawdown | 17.64 | 3.38 | +14.27 |
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Drawdowns
T1EU.DE vs. D5BE.DE - Drawdown Comparison
The maximum T1EU.DE drawdown since its inception was -3.20%, smaller than the maximum D5BE.DE drawdown of -20.28%. Use the drawdown chart below to compare losses from any high point for T1EU.DE and D5BE.DE.
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Drawdown Indicators
| T1EU.DE | D5BE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -20.28% | +17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -3.52% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -10.97% | +10.46% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -12.50% | +10.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.28% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.29% | +5.29% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -5.10% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 1.42% | -1.32% |
Volatility
T1EU.DE vs. D5BE.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) is 0.06%, while Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) (D5BE.DE) has a volatility of 1.35%. This indicates that T1EU.DE experiences smaller price fluctuations and is considered to be less risky than D5BE.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 | D5BE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 1.35% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 3.83% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 5.50% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.81% | 7.16% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.73% | 8.95% | -8.22% |
T1EU.DE vs. D5BE.DE - Expense Ratio Comparison
T1EU.DE has a 0.10% expense ratio, which is higher than D5BE.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
T1EU.DE vs. D5BE.DE - Dividend Comparison
T1EU.DE has not paid dividends to shareholders, while D5BE.DE's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
D5BE.DE Xtrackers II US Treasuries 1-3 UCITS ETF (Dist) | 2.76% | 2.89% | 2.24% | 1.84% | 1.00% | 2.74% | 2.66% | 1.16% | 0.93% | 0.78% |
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% |
Frequently Asked Questions
T1EU.DE and D5BE.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BE.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BE.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for T1EU.DE.
T1EU.DE tracks Bloomberg US Treasury Coupons Index, while D5BE.DE tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.10% for T1EU.DE and 0.06% for D5BE.DE.
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