TR3G.L vs. TRXG.L
TR3G.L (Invesco US Treasury Bond 1-3 Year UCITS ETF Dist) and TRXG.L (Invesco US Treasury Bond 7-10 Year UCITS ETF Dist) are both Government Bonds funds from Invesco - TR3G.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while TRXG.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, TR3G.L returned 3.01%/yr vs 0.05%/yr for TRXG.L. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
TR3G.L vs. TRXG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TR3G.L achieves a 2.75% return, which is significantly higher than TRXG.L's 1.15% return.
TR3G.L
- 1D
- 0.34%
- 1M
- 2.39%
- YTD
- 2.75%
- 6M
- 3.23%
- 1Y
- 6.57%
- 3Y*
- 3.06%
- 5Y*
- 3.01%
- 10Y*
- —
TRXG.L
- 1D
- 0.56%
- 1M
- 2.76%
- YTD
- 1.15%
- 6M
- 2.04%
- 1Y
- 6.37%
- 3Y*
- 1.55%
- 5Y*
- 0.05%
- 10Y*
- —
TR3G.L vs. TRXG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TR3G.L Invesco US Treasury Bond 1-3 Year UCITS ETF Dist | 2.75% | -1.98% | 5.82% | -1.57% | 7.69% | 0.63% | -0.33% | -21.52% |
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | 1.15% | 1.08% | 1.43% | -2.16% | -4.76% | -1.80% | 6.08% | -17.78% |
Correlation
The correlation between TR3G.L and TRXG.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.80 |
The correlation between TR3G.L and TRXG.L has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.
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
TR3G.L vs. TRXG.L — Risk / Return Rank
TR3G.L
TRXG.L
TR3G.L vs. TRXG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 1-3 Year UCITS ETF Dist (TR3G.L) and Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.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.
| TR3G.L | TRXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.99 | +0.46 |
| Martin ratioReturn relative to average drawdown | 3.70 | 2.32 | +1.38 |
Loading charts...
Drawdowns
TR3G.L vs. TRXG.L - Drawdown Comparison
The maximum TR3G.L drawdown since its inception was -24.72%, smaller than the maximum TRXG.L drawdown of -26.41%. Use the drawdown chart below to compare losses from any high point for TR3G.L and TRXG.L.
Loading charts...
Drawdown Indicators
| TR3G.L | TRXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.72% | -26.41% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -5.60% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -8.90% | -7.91% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -16.24% | -0.12% |
Current DrawdownCurrent decline from peak | -11.07% | -19.80% | +8.73% |
Average DrawdownAverage peak-to-trough decline | -17.10% | -18.97% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.40% | -0.63% |
Volatility
TR3G.L vs. TRXG.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 1-3 Year UCITS ETF Dist (TR3G.L) is 1.52%, while Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.L) has a volatility of 1.66%. This indicates that TR3G.L experiences smaller price fluctuations and is considered to be less risky than TRXG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TR3G.L | TRXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.66% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.76% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.15% | 6.37% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 9.48% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.90% | 13.06% | -1.16% |
TR3G.L vs. TRXG.L - Expense Ratio Comparison
Both TR3G.L and TRXG.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TR3G.L vs. TRXG.L - Dividend Comparison
TR3G.L's dividend yield for the trailing twelve months is around 3.83%, less than TRXG.L's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TR3G.L Invesco US Treasury Bond 1-3 Year UCITS ETF Dist | 3.83% | 4.10% | 4.31% | 4.17% | 1.99% | 0.31% | 1.28% | 2.01% |
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | 4.26% | 4.26% | 4.24% | 3.55% | 2.38% | 1.60% | 1.94% | 2.07% |
Frequently Asked Questions
TR3G.L and TRXG.L have a correlation of 0.82, 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 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TR3G.L and TRXG.L have the same expense ratio: 0.06% per year.
TR3G.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while TRXG.L tracks Bloomberg US 7-10 Year Treasury Bond Index.
Find the right allocation for TR3G.L and TRXG.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