T1EU.DE vs. XT01.DE
T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - T1EU.DE tracks the Bloomberg US Treasury Coupons Index while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, T1EU.DE returned 1.42%/yr vs 4.09%/yr for XT01.DE. At a correlation of -0.12, they often move in opposite directions. T1EU.DE charges 0.10%/yr vs 0.06%/yr for XT01.DE.
Performance
T1EU.DE vs. XT01.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 XT01.DE's 4.62% 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*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.56%
- 6M
- 3.04%
- YTD
- 4.62%
- 1Y
- 5.20%
- 3Y*
- 3.95%
- 5Y*
- 4.09%
- 10Y*
- —
T1EU.DE vs. XT01.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% | -0.15% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.62% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between T1EU.DE and XT01.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.13 |
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Return for Risk
T1EU.DE vs. XT01.DE — Risk / Return Rank
T1EU.DE
XT01.DE
T1EU.DE vs. XT01.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 US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 1.54 | +2.18 |
| Martin ratioReturn relative to average drawdown | 16.22 | 3.67 | +12.56 |
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Drawdowns
T1EU.DE vs. XT01.DE - Drawdown Comparison
The maximum T1EU.DE drawdown since its inception was -3.20%, smaller than the maximum XT01.DE drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for T1EU.DE and XT01.DE.
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Drawdown Indicators
| T1EU.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -11.68% | +8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -3.40% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -11.68% | +11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -11.68% | +9.32% |
Current DrawdownCurrent decline from peak | -0.02% | -5.37% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -4.91% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.43% | -1.31% |
Volatility
T1EU.DE vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a volatility of 1.26%. This indicates that T1EU.DE experiences smaller price fluctuations and is considered to be less risky than XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.26% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 4.20% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 5.92% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 7.44% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.77% | 7.27% | -6.50% |
T1EU.DE vs. XT01.DE - Expense Ratio Comparison
T1EU.DE has a 0.10% expense ratio, which is higher than XT01.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. XT01.DE - Dividend Comparison
Neither T1EU.DE nor XT01.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T1EU.DE and XT01.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.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.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 XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.10% for T1EU.DE and 0.06% for XT01.DE.
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