TR7S.L vs. IB01.L
TR7S.L (Invesco US Treasury Bond 3-7 Year UCITS ETF GBP Hdg Dist) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both Government Bonds funds - TR7S.L tracks the Invesco US Treasury Bond 3-7 Year UCITS ETF GBP Hdg Dist while IB01.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, TR7S.L returned -0.25%/yr vs 3.64%/yr for IB01.L. At a correlation of -0.17, they often move in opposite directions. TR7S.L charges 0.10%/yr vs 0.07%/yr for IB01.L.
Performance
TR7S.L vs. IB01.L - Performance Comparison
Loading charts...
Different Trading Currencies
TR7S.L is traded in GBp, while IB01.L is traded in USD. To make them comparable, the IB01.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TR7S.L achieves a -0.37% return, which is significantly lower than IB01.L's 1.42% return.
TR7S.L
- 1D
- 0.03%
- 1M
- -0.02%
- 6M
- -0.31%
- YTD
- -0.37%
- 1Y
- 3.06%
- 3Y*
- 3.49%
- 5Y*
- -0.25%
- 10Y*
- —
IB01.L
- 1D
- -1.04%
- 1M
- -0.61%
- 6M
- 1.15%
- YTD
- 1.42%
- 1Y
- 2.79%
- 3Y*
- 3.52%
- 5Y*
- 3.64%
- 10Y*
- —
TR7S.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TR7S.L Invesco US Treasury Bond 3-7 Year UCITS ETF GBP Hdg Dist | -0.37% | 6.92% | 1.62% | 3.34% | -10.38% | -2.61% | 6.16% | 3.53% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.42% | -3.10% | 7.09% | -0.32% | 13.10% | 0.08% | -2.08% | 1.34% |
Correlation
The correlation between TR7S.L and IB01.L is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2019 | -0.17 |
The correlation between TR7S.L and IB01.L shifts across timeframes, from -0.27 (1 year) to -0.17 (all time), reflecting how their relationship changes across market environments.
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
TR7S.L vs. IB01.L — Risk / Return Rank
TR7S.L
IB01.L
TR7S.L vs. IB01.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 GBP Hdg Dist (TR7S.L) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
| TR7S.L | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.54 | +0.58 |
| Martin ratioReturn relative to average drawdown | 2.92 | 1.47 | +1.45 |
Loading charts...
Drawdowns
TR7S.L vs. IB01.L - Drawdown Comparison
The maximum TR7S.L drawdown since its inception was -15.12%, smaller than the maximum IB01.L drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for TR7S.L and IB01.L.
Loading charts...
Drawdown Indicators
| TR7S.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.12% | -19.26% | +4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -5.16% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -3.86% | -9.81% | +5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -15.94% | +1.65% |
Current DrawdownCurrent decline from peak | -2.94% | -6.45% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -9.40% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.89% | -0.92% |
Volatility
TR7S.L vs. IB01.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF GBP Hdg Dist (TR7S.L) is 0.79%, while iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) has a volatility of 2.02%. This indicates that TR7S.L experiences smaller price fluctuations and is considered to be less risky than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TR7S.L | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 2.02% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 5.06% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 6.58% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 8.46% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 8.77% | -4.50% |
TR7S.L vs. IB01.L - Expense Ratio Comparison
TR7S.L has a 0.10% expense ratio, which is higher than IB01.L's 0.07% 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
TR7S.L vs. IB01.L - Dividend Comparison
TR7S.L's dividend yield for the trailing twelve months is around 4.10%, while IB01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TR7S.L Invesco US Treasury Bond 3-7 Year UCITS ETF GBP Hdg Dist | 4.10% | 3.98% | 4.18% | 3.56% | 1.71% | 0.83% | 1.25% | 1.51% |
Frequently Asked Questions
TR7S.L and IB01.L have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.10% for TR7S.L.
TR7S.L tracks Invesco US Treasury Bond 3-7 Year UCITS ETF GBP Hdg Dist, while IB01.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for TR7S.L and 0.07% for IB01.L.
Find the right allocation for TR7S.L and IB01.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