TFRN.L vs. TRE7.L
TFRN.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc) and TRE7.L (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) are both Government Bonds funds - TFRN.L tracks the Bloomberg US Treasury Floating Rate Bond Index while TRE7.L tracks the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, TFRN.L returned 3.64%/yr vs 0.42%/yr for TRE7.L. At a 0.00 correlation, their price movements are largely independent. TFRN.L charges 0.15%/yr vs 0.06%/yr for TRE7.L.
Performance
TFRN.L vs. TRE7.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TFRN.L achieves a 1.80% return, which is significantly higher than TRE7.L's -0.60% return.
TFRN.L
- 1D
- 0.05%
- 1M
- 0.43%
- YTD
- 1.80%
- 6M
- 1.94%
- 1Y
- 3.85%
- 3Y*
- 4.68%
- 5Y*
- 3.64%
- 10Y*
- —
TRE7.L
- 1D
- 0.11%
- 1M
- 0.41%
- YTD
- -0.60%
- 6M
- -0.16%
- 1Y
- 2.56%
- 3Y*
- 3.81%
- 5Y*
- 0.42%
- 10Y*
- —
TFRN.L vs. TRE7.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TFRN.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc | 1.80% | 4.10% | 5.44% | 4.94% | 2.04% | -0.15% | 0.57% | 1.59% |
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | -0.60% | 7.33% | 2.08% | 4.24% | -9.37% | -2.36% | 7.00% | 4.82% |
Correlation
The correlation between TFRN.L and TRE7.L is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019 | 0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TFRN.L vs. TRE7.L — Risk / Return Rank
TFRN.L
TRE7.L
TFRN.L vs. TRE7.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.L) and Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L). 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.
| TFRN.L | TRE7.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.16 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 1.01 | +2.91 |
| Martin ratioReturn relative to average drawdown | 34.08 | 2.88 | +31.20 |
Loading charts...
Drawdowns
TFRN.L vs. TRE7.L - Drawdown Comparison
The maximum TFRN.L drawdown since its inception was -3.10%, smaller than the maximum TRE7.L drawdown of -14.10%. Use the drawdown chart below to compare losses from any high point for TFRN.L and TRE7.L.
Loading charts...
Drawdown Indicators
| TFRN.L | TRE7.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.10% | -14.10% | +11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -2.52% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -3.70% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -0.98% | -13.52% | +12.54% |
Current DrawdownCurrent decline from peak | 0.00% | -1.75% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -4.38% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.89% | -0.78% |
Volatility
TFRN.L vs. TRE7.L - Volatility Comparison
The current volatility for WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.L) is 0.17%, while Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) has a volatility of 0.90%. This indicates that TFRN.L experiences smaller price fluctuations and is considered to be less risky than TRE7.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TFRN.L | TRE7.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 0.90% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 2.15% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 2.89% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.51% | 4.75% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.88% | 4.24% | -2.36% |
TFRN.L vs. TRE7.L - Expense Ratio Comparison
TFRN.L has a 0.15% expense ratio, which is higher than TRE7.L'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
TFRN.L vs. TRE7.L - Dividend Comparison
TFRN.L has not paid dividends to shareholders, while TRE7.L's dividend yield for the trailing twelve months is around 4.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TFRN.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 4.15% | 4.09% | 4.23% | 3.61% | 1.72% | 0.87% | 1.29% | 1.89% |
Frequently Asked Questions
TFRN.L and TRE7.L have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRE7.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRE7.L is cheaper with a 0.06% expense ratio, compared with 0.15% for TFRN.L.
TFRN.L tracks Bloomberg US Treasury Floating Rate Bond Index, while TRE7.L tracks Bloomberg US 3-7 Year Treasury Bond Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.15% for TFRN.L and 0.06% for TRE7.L.
Find the right allocation for TFRN.L and TRE7.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer