TRD1.DE vs. EUN6.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) are both Government Bonds funds - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index. Both are passively managed. Over the past 5 years, TRD1.DE returned 4.03%/yr vs 1.62%/yr for EUN6.DE. At a 0.02 correlation, their price movements are largely independent. TRD1.DE charges 0.06%/yr vs 0.07%/yr for EUN6.DE.
Performance
TRD1.DE vs. EUN6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD1.DE achieves a 4.56% return, which is significantly higher than EUN6.DE's 1.02% 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*
- —
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.23%
- 6M
- 0.95%
- YTD
- 1.02%
- 1Y
- 1.89%
- 3Y*
- 2.83%
- 5Y*
- 1.62%
- 10Y*
- 0.49%
TRD1.DE vs. EUN6.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% |
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.02% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.53% |
Correlation
The correlation between TRD1.DE and EUN6.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.02 |
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Return for Risk
TRD1.DE vs. EUN6.DE — Risk / Return Rank
TRD1.DE
EUN6.DE
TRD1.DE vs. EUN6.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 iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.98 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 5.84 | -4.02 |
| Martin ratioReturn relative to average drawdown | 4.77 | 22.30 | -17.53 |
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Drawdowns
TRD1.DE vs. EUN6.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, which is greater than EUN6.DE's maximum drawdown of -4.94%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and EUN6.DE.
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Drawdown Indicators
| TRD1.DE | EUN6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -4.94% | -12.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -0.32% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -0.77% | -10.83% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | -1.49% | -10.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.54% | — |
Current DrawdownCurrent decline from peak | -5.44% | -0.08% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -1.31% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.08% | +1.34% |
Volatility
TRD1.DE vs. EUN6.DE - Volatility Comparison
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a higher volatility of 1.79% compared to iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) at 0.09%. This indicates that TRD1.DE's price experiences larger fluctuations and is considered to be riskier than EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 0.09% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 0.57% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 0.64% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 0.67% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 0.63% | +7.48% |
TRD1.DE vs. EUN6.DE - Expense Ratio Comparison
TRD1.DE has a 0.06% expense ratio, which is lower than EUN6.DE'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
TRD1.DE vs. EUN6.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, more than EUN6.DE's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 2.19% | 2.79% | 2.18% | 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 EUN6.DE have a correlation of -0.03, 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 0.07% for EUN6.DE.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRD1.DE and 0.07% for EUN6.DE.
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