TR7G.L vs. IBTS.L
TR7G.L (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) are both Government Bonds funds - TR7G.L tracks the Bloomberg US 3-7 Year Treasury Bond Index while IBTS.L tracks the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 5 years, TR7G.L returned 1.44%/yr vs 2.95%/yr for IBTS.L. Their correlation of 0.93 suggests significant overlap in exposure. TR7G.L charges 0.06%/yr vs 0.07%/yr for IBTS.L.
Performance
TR7G.L vs. IBTS.L - Performance Comparison
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Different Trading Currencies
TR7G.L is traded in GBp, while IBTS.L is traded in GBP. To make them comparable, the IBTS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TR7G.L achieves a -0.28% return, which is significantly lower than IBTS.L's 0.65% return.
TR7G.L
- 1D
- 0.19%
- 1M
- 0.89%
- YTD
- -0.28%
- 6M
- -0.71%
- 1Y
- 4.21%
- 3Y*
- 1.00%
- 5Y*
- 1.44%
- 10Y*
- —
IBTS.L
- 1D
- 0.14%
- 1M
- 1.13%
- YTD
- 0.65%
- 6M
- 0.29%
- 1Y
- 4.47%
- 3Y*
- 1.53%
- 5Y*
- 2.95%
- 10Y*
- 2.52%
TR7G.L vs. IBTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TR7G.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | -0.28% | -0.02% | 3.75% | -1.47% | 1.43% | -1.10% | 3.37% | 3.42% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.65% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 1.13% |
Correlation
The correlation between TR7G.L and IBTS.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.93 |
The correlation between TR7G.L and IBTS.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
TR7G.L vs. IBTS.L — Risk / Return Rank
TR7G.L
IBTS.L
TR7G.L vs. IBTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TR7G.L) and iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.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.
| TR7G.L | IBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.99 | -0.16 |
| Martin ratioReturn relative to average drawdown | 2.02 | 2.51 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TR7G.L | IBTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.73 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.36 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.35 | -0.22 |
Drawdowns
TR7G.L vs. IBTS.L - Drawdown Comparison
The maximum TR7G.L drawdown since its inception was -20.51%, which is greater than IBTS.L's maximum drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for TR7G.L and IBTS.L.
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Drawdown Indicators
| TR7G.L | IBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.51% | -19.02% | -1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -4.51% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -8.89% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -15.64% | -16.28% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.02% | — |
Current DrawdownCurrent decline from peak | -13.27% | -7.51% | -5.76% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -7.93% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.78% | +0.30% |
Volatility
TR7G.L vs. IBTS.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TR7G.L) is 1.56%, while iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) has a volatility of 1.67%. This indicates that TR7G.L experiences smaller price fluctuations and is considered to be less risky than IBTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TR7G.L | IBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.67% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | 4.49% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.09% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 8.09% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 9.24% | -0.34% |
TR7G.L vs. IBTS.L - Expense Ratio Comparison
TR7G.L has a 0.06% expense ratio, which is lower than IBTS.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TR7G.L vs. IBTS.L - Dividend Comparison
TR7G.L's dividend yield for the trailing twelve months is around 4.12%, more than IBTS.L's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.99% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
TR7G.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 4.12% | 4.11% | 4.14% | 3.67% | 1.71% | 0.85% | 1.38% | 1.94% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, TR7G.L and IBTS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TR7G.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TR7G.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IBTS.L.
TR7G.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TR7G.L and 0.07% for IBTS.L.
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