T1EU.DE vs. TRDE.DE
T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) and TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) are both Government Bonds funds from Invesco - T1EU.DE tracks the Bloomberg US Treasury Coupons Index while TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index. Both are passively managed. Over the past 5 years, T1EU.DE returned 1.42%/yr vs -3.30%/yr for TRDE.DE. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
T1EU.DE vs. TRDE.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 higher than TRDE.DE's -1.43% 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*
- —
TRDE.DE
- 1D
- 0.43%
- 1M
- -0.30%
- 6M
- -1.18%
- YTD
- -1.43%
- 1Y
- 1.75%
- 3Y*
- 0.80%
- 5Y*
- -3.30%
- 10Y*
- —
T1EU.DE vs. TRDE.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% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.43% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | -0.93% |
Correlation
The correlation between T1EU.DE and TRDE.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | 0.24 |
The correlation between T1EU.DE and TRDE.DE shifts across timeframes, from 0.11 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
T1EU.DE vs. TRDE.DE — Risk / Return Rank
T1EU.DE
TRDE.DE
T1EU.DE vs. TRDE.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 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.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 | TRDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.07 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 0.42 | +3.29 |
| Martin ratioReturn relative to average drawdown | 16.22 | 1.00 | +15.22 |
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Drawdowns
T1EU.DE vs. TRDE.DE - Drawdown Comparison
The maximum T1EU.DE drawdown since its inception was -3.20%, smaller than the maximum TRDE.DE drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for T1EU.DE and TRDE.DE.
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Drawdown Indicators
| T1EU.DE | TRDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -27.68% | +24.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -4.14% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -7.48% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -24.70% | +22.34% |
Current DrawdownCurrent decline from peak | -0.02% | -19.80% | +19.78% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -13.77% | +12.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.74% | -1.62% |
Volatility
T1EU.DE vs. TRDE.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 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) has a volatility of 1.35%. This indicates that T1EU.DE experiences smaller price fluctuations and is considered to be less risky than TRDE.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 | TRDE.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% | 3.25% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 4.50% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 7.40% | -6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.77% | 6.86% | -6.09% |
T1EU.DE vs. TRDE.DE - Expense Ratio Comparison
Both T1EU.DE and TRDE.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
T1EU.DE vs. TRDE.DE - Dividend Comparison
T1EU.DE has not paid dividends to shareholders, while TRDE.DE's dividend yield for the trailing twelve months is around 4.32%.
| 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% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.32% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% |
Frequently Asked Questions
T1EU.DE and TRDE.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
T1EU.DE and TRDE.DE have the same expense ratio: 0.10% per year.
T1EU.DE tracks Bloomberg US Treasury Coupons Index, while TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index.
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