TRD1.DE vs. 0NS.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and 0NS.DE (Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc)) are both Government Bonds funds - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while 0NS.DE tracks the Bloomberg US Short Treasury Index (SGD Hedged). Both are passively managed. Over the past 3 years, TRD1.DE returned 3.93%/yr vs 2.58%/yr for 0NS.DE. At a 0.42 correlation, their price movements are largely independent. TRD1.DE charges 0.06%/yr vs 0.08%/yr for 0NS.DE.
Performance
TRD1.DE vs. 0NS.DE - Performance Comparison
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Different Trading Currencies
TRD1.DE is traded in EUR, while 0NS.DE is traded in USD. To make them comparable, the 0NS.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRD1.DE achieves a 4.62% return, which is significantly higher than 0NS.DE's 2.57% return.
TRD1.DE
- 1D
- 0.00%
- 1M
- 1.46%
- 6M
- 2.92%
- YTD
- 4.62%
- 1Y
- 5.14%
- 3Y*
- 3.93%
- 5Y*
- 3.97%
- 10Y*
- —
0NS.DE
- 1D
- -0.08%
- 1M
- -0.03%
- 6M
- 1.68%
- YTD
- 2.57%
- 1Y
- 2.08%
- 3Y*
- 2.58%
- 5Y*
- —
- 10Y*
- —
TRD1.DE vs. 0NS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.62% | -7.35% | 11.23% | 1.38% | 1.92% |
0NS.DE Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc) | 2.57% | -4.75% | 6.80% | 1.82% | -24.72% |
Correlation
The correlation between TRD1.DE and 0NS.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.42 |
The correlation between TRD1.DE and 0NS.DE shifts across timeframes, from 0.27 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRD1.DE vs. 0NS.DE — Risk / Return Rank
TRD1.DE
0NS.DE
TRD1.DE vs. 0NS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) and Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc) (0NS.DE). 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.
| TRD1.DE | 0NS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.84 | +0.54 |
| Martin ratioReturn relative to average drawdown | 3.62 | 1.48 | +2.14 |
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Drawdowns
TRD1.DE vs. 0NS.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, smaller than the maximum 0NS.DE drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and 0NS.DE.
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Drawdown Indicators
| TRD1.DE | 0NS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -28.49% | +10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -2.47% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -6.83% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | — | — |
Current DrawdownCurrent decline from peak | -5.39% | -21.23% | +15.84% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -23.55% | +15.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.40% | +0.02% |
Volatility
TRD1.DE vs. 0NS.DE - Volatility Comparison
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a higher volatility of 1.12% compared to Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc) (0NS.DE) at 0.98%. This indicates that TRD1.DE's price experiences larger fluctuations and is considered to be riskier than 0NS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRD1.DE | 0NS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.98% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 3.34% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 4.52% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 14.41% | -6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 14.41% | -6.32% |
TRD1.DE vs. 0NS.DE - Expense Ratio Comparison
TRD1.DE has a 0.06% expense ratio, which is lower than 0NS.DE's 0.08% 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
TRD1.DE vs. 0NS.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, while 0NS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
0NS.DE Amundi US Treasury Bond 0-1Y UCITS ETF SGD Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
Frequently Asked Questions
TRD1.DE and 0NS.DE 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, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.08% for 0NS.DE.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while 0NS.DE tracks Bloomberg US Short Treasury Index (SGD Hedged). They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.06% for TRD1.DE and 0.08% for 0NS.DE.
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