TR7G.L vs. TR3G.L
TR7G.L (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and TR3G.L (Invesco US Treasury Bond 1-3 Year UCITS ETF Dist) are both Government Bonds funds from Invesco - TR7G.L tracks the Bloomberg US 3-7 Year Treasury Bond Index while TR3G.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, TR7G.L returned 1.44%/yr vs 2.93%/yr for TR3G.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
TR7G.L vs. TR3G.L - Performance Comparison
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Returns By Period
In the year-to-date period, TR7G.L achieves a -0.28% return, which is significantly lower than TR3G.L's 0.69% 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*
- —
TR3G.L
- 1D
- 0.13%
- 1M
- 1.13%
- YTD
- 0.69%
- 6M
- 0.31%
- 1Y
- 4.42%
- 3Y*
- 1.51%
- 5Y*
- 2.93%
- 10Y*
- —
TR7G.L vs. TR3G.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% |
TR3G.L Invesco US Treasury Bond 1-3 Year UCITS ETF Dist | 0.69% | -1.98% | 5.82% | -1.57% | 7.69% | 0.63% | -0.33% | 1.14% |
Correlation
The correlation between TR7G.L and TR3G.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.94 |
The correlation between TR7G.L and TR3G.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
TR7G.L vs. TR3G.L — Risk / Return Rank
TR7G.L
TR3G.L
TR7G.L vs. TR3G.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 Invesco US Treasury Bond 1-3 Year UCITS ETF Dist (TR3G.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 | TR3G.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 | 0.98 | -0.15 |
| Martin ratioReturn relative to average drawdown | 2.02 | 2.48 | -0.46 |
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 | TR3G.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 (All Time)Calculated using the full available price history | 0.14 | 0.18 | -0.05 |
Drawdowns
TR7G.L vs. TR3G.L - Drawdown Comparison
The maximum TR7G.L drawdown since its inception was -20.51%, which is greater than TR3G.L's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for TR7G.L and TR3G.L.
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Drawdown Indicators
| TR7G.L | TR3G.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.51% | -18.79% | -1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.09% | -4.52% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -8.90% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -15.64% | -16.36% | +0.72% |
Current DrawdownCurrent decline from peak | -13.27% | -7.63% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -12.82% | -9.79% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.78% | +0.30% |
Volatility
TR7G.L vs. TR3G.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TR7G.L) is 1.56%, while Invesco US Treasury Bond 1-3 Year UCITS ETF Dist (TR3G.L) has a volatility of 1.70%. This indicates that TR7G.L experiences smaller price fluctuations and is considered to be less risky than TR3G.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 | TR3G.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.70% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | 4.44% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.07% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 8.07% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.90% | 8.64% | +0.26% |
TR7G.L vs. TR3G.L - Expense Ratio Comparison
Both TR7G.L and TR3G.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
TR7G.L vs. TR3G.L - Dividend Comparison
TR7G.L's dividend yield for the trailing twelve months is around 4.12%, more than TR3G.L's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TR3G.L Invesco US Treasury Bond 1-3 Year UCITS ETF Dist | 3.95% | 4.10% | 4.31% | 4.18% | 1.99% | 0.31% | 1.28% | 2.01% |
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% |
Frequently Asked Questions
With a correlation of 0.95, TR7G.L and TR3G.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.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TR7G.L and TR3G.L have the same expense ratio: 0.06% per year.
TR7G.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while TR3G.L tracks Bloomberg US 1-3 Year Treasury Bond Index.
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