T1EU.DE vs. TRD3.DE
T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) and TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) are both Government Bonds funds from Invesco - T1EU.DE tracks the Bloomberg US Treasury Coupons Index while TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, T1EU.DE returned 1.42%/yr vs 2.57%/yr for TRD3.DE. At a correlation of -0.05, they often move in opposite directions. T1EU.DE charges 0.10%/yr vs 0.06%/yr for TRD3.DE.
Performance
T1EU.DE vs. TRD3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, T1EU.DE achieves a 0.92% return, which is significantly lower than TRD3.DE's 3.72% return.
T1EU.DE
- 1D
- -0.02%
- 1M
- 0.21%
- 6M
- 0.85%
- YTD
- 0.92%
- 1Y
- 1.89%
- 3Y*
- 2.72%
- 5Y*
- 1.42%
- 10Y*
- —
TRD3.DE
- 1D
- 0.03%
- 1M
- 1.51%
- 6M
- 2.33%
- YTD
- 3.72%
- 1Y
- 4.65%
- 3Y*
- 3.61%
- 5Y*
- 2.57%
- 10Y*
- —
T1EU.DE vs. TRD3.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 | 0.92% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.72% | -6.54% | 10.06% | 0.57% | 2.12% | 7.70% | -9.45% |
Correlation
The correlation between T1EU.DE and TRD3.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
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. TRD3.DE — Risk / Return Rank
T1EU.DE
TRD3.DE
T1EU.DE vs. TRD3.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 US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.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 | TRD3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.14 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 1.35 | +2.36 |
| Martin ratioReturn relative to average drawdown | 16.22 | 3.27 | +12.95 |
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Drawdowns
T1EU.DE vs. TRD3.DE - Drawdown Comparison
The maximum T1EU.DE drawdown since its inception was -3.20%, smaller than the maximum TRD3.DE drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for T1EU.DE and TRD3.DE.
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Drawdown Indicators
| T1EU.DE | TRD3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -13.49% | +10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -3.42% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -10.90% | +10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -12.49% | +10.13% |
Current DrawdownCurrent decline from peak | -0.02% | -5.17% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -7.12% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.42% | -1.30% |
Volatility
T1EU.DE vs. TRD3.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) is 0.64%, while Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) has a volatility of 1.35%. This indicates that T1EU.DE experiences smaller price fluctuations and is considered to be less risky than TRD3.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 | TRD3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.35% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 4.08% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 5.73% | -4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 7.20% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.77% | 7.89% | -7.12% |
T1EU.DE vs. TRD3.DE - Expense Ratio Comparison
T1EU.DE has a 0.10% expense ratio, which is higher than TRD3.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. TRD3.DE - Dividend Comparison
T1EU.DE has not paid dividends to shareholders, while TRD3.DE's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.82% | 4.18% | 4.28% | 4.20% | 2.04% | 0.31% | 1.28% | 1.96% |
Frequently Asked Questions
T1EU.DE and TRD3.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD3.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD3.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 TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index. Their fees differ too: 0.10% for T1EU.DE and 0.06% for TRD3.DE.
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