TRD1.DE vs. D500.DE

Last updated Jul 4, 2026

TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and D500.DE (Invesco S&P 500 UCITS ETF Dist) are both exchange-traded funds - TRD1.DE is a Government Bonds fund tracking the Bloomberg US Treasury Coupons Index, while D500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, TRD1.DE returned 4.03%/yr vs 13.91%/yr for D500.DE. At a 0.11 correlation, their price movements are largely independent. TRD1.DE charges 0.06%/yr vs 0.05%/yr for D500.DE.

Performance

TRD1.DE vs. D500.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) and Invesco S&P 500 UCITS ETF Dist (D500.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRD1.DE achieves a 4.56% return, which is significantly lower than D500.DE's 12.32% return.

TRD1.DE

• 1D: 0.20%
• 1M: 2.07%
• 6M: 4.34%
• YTD: 4.56%
• 1Y: 6.79%
• 3Y*: 2.97%
• 5Y*: 4.03%
• 10Y*: —

D500.DE

• 1D: 0.25%
• 1M: 0.66%
• 6M: 13.11%
• YTD: 12.32%
• 1Y: 24.23%
• 3Y*: 18.56%
• 5Y*: 13.91%
• 10Y*: 15.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRD1.DE vs. D500.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist	4.56%	-7.35%	11.23%	1.38%	6.73%	8.36%	-17.72%
D500.DE Invesco S&P 500 UCITS ETF Dist	12.32%	4.86%	32.60%	22.69%	-14.08%	41.07%	3.21%

Correlation

The correlation between TRD1.DE and D500.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020	0.11

The correlation between TRD1.DE and D500.DE shifts across timeframes, from 0.11 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

TRD1.DE vs. D500.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRD1.DE

TRD1.DE Risk / Return Rank: 36
TRD1.DE Sharpe Ratio Rank: 34
TRD1.DE Sortino Ratio Rank: 34
TRD1.DE Omega Ratio Rank: 32
TRD1.DE Calmar Ratio Rank: 43
TRD1.DE Martin Ratio Rank: 37

D500.DE

D500.DE Risk / Return Rank: 78
D500.DE Sharpe Ratio Rank: 78
D500.DE Sortino Ratio Rank: 77
D500.DE Omega Ratio Rank: 77
D500.DE Calmar Ratio Rank: 79
D500.DE Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRD1.DE vs. D500.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 Invesco S&P 500 UCITS ETF Dist (D500.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	D500.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.04	-0.97
Sortino ratio: Return per unit of downside risk	1.60	2.81	-1.21
Omega ratio: Gain probability vs. loss probability	1.19	1.37	-0.18
Calmar ratio: Return relative to maximum drawdown	1.83	3.38	-1.55
Martin ratio: Return relative to average drawdown	4.77	11.93	-7.16

TRD1.DE vs. D500.DE - Sharpe Ratio Comparison

The current TRD1.DE Sharpe Ratio is 1.07, which is lower than the D500.DE Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of TRD1.DE and D500.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRD1.DE vs. D500.DE - Drawdown Comparison

The maximum TRD1.DE drawdown since its inception was -17.81%, smaller than the maximum D500.DE drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and D500.DE.

Drawdown Indicators

	TRD1.DE	D500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.81%	-33.62%	+15.81%
Max Drawdown (1Y) Largest decline over 1 year	-3.70%	-7.14%	+3.44%
Max Drawdown (3Y) Largest decline over 3 years	-11.60%	-23.28%	+11.68%
Max Drawdown (5Y) Largest decline over 5 years	-11.70%	-23.28%	+11.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.62%	—
Current Drawdown Current decline from peak	-5.44%	-0.64%	-4.80%
Average Drawdown Average peak-to-trough decline	-8.30%	-4.87%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	2.02%	-0.60%

Volatility

TRD1.DE vs. D500.DE - Volatility Comparison

The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) is 1.79%, while Invesco S&P 500 UCITS ETF Dist (D500.DE) has a volatility of 3.67%. This indicates that TRD1.DE experiences smaller price fluctuations and is considered to be less risky than D500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRD1.DE	D500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	3.67%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	4.67%	8.00%	-3.33%
Volatility (1Y) Calculated over the trailing 1-year period	6.32%	11.88%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.48%	15.22%	-7.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.11%	16.92%	-8.81%

TRD1.DE vs. D500.DE - Expense Ratio Comparison

TRD1.DE has a 0.06% expense ratio, which is higher than D500.DE's 0.05% 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

TRD1.DE vs. D500.DE - Dividend Comparison

TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, more than D500.DE's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D500.DE Invesco S&P 500 UCITS ETF Dist	1.10%	1.18%	1.27%	1.54%	1.70%	1.25%	1.62%	1.85%	2.08%	1.67%	1.69%	0.29%
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%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRD1.DE and D500.DE in my portfolio?

TRD1.DE and D500.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRD1.DE or D500.DE?

On fees, D500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRD1.DE or D500.DE?

D500.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRD1.DE.

What is the main difference between TRD1.DE and D500.DE?

TRD1.DE is categorized as Government Bonds, while D500.DE is S&P 500. TRD1.DE tracks Bloomberg US Treasury Coupons Index, while D500.DE tracks S&P 500 Index. Their fees differ too: 0.06% for TRD1.DE and 0.05% for D500.DE.