TRD1.DE vs. IS05.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and IS05.DE (iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist)) are both Government Bonds funds - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while IS05.DE tracks the Markit iBoxx EUR Eurozone 20yr Target Duration Index. Both are passively managed. Over the past 5 years, TRD1.DE returned 3.97%/yr vs -10.86%/yr for IS05.DE. At a correlation of -0.07, they often move in opposite directions. TRD1.DE charges 0.06%/yr vs 0.15%/yr for IS05.DE.
Performance
TRD1.DE vs. IS05.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD1.DE achieves a 4.62% return, which is significantly higher than IS05.DE's -1.07% 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*
- —
IS05.DE
- 1D
- 0.32%
- 1M
- -3.19%
- 6M
- -2.29%
- YTD
- -1.07%
- 1Y
- -4.44%
- 3Y*
- -3.91%
- 5Y*
- -10.86%
- 10Y*
- -4.37%
TRD1.DE vs. IS05.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 | 4.62% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
IS05.DE iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) | -1.07% | -10.87% | -5.27% | 8.12% | -36.40% | -8.01% | 10.01% |
Correlation
The correlation between TRD1.DE and IS05.DE is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | -0.07 |
The correlation between TRD1.DE and IS05.DE shifts across timeframes, from -0.22 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRD1.DE vs. IS05.DE — Risk / Return Rank
TRD1.DE
IS05.DE
TRD1.DE vs. IS05.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 20yr Target Duration UCITS ETF EUR (Dist) (IS05.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 | IS05.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.94 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.64 | +2.03 |
| Martin ratioReturn relative to average drawdown | 3.62 | -1.13 | +4.75 |
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Drawdowns
TRD1.DE vs. IS05.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, smaller than the maximum IS05.DE drawdown of -49.20%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and IS05.DE.
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Drawdown Indicators
| TRD1.DE | IS05.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -49.20% | +31.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -6.87% | +3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -18.96% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | -46.31% | +34.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.20% | — |
Current DrawdownCurrent decline from peak | -5.39% | -48.34% | +42.95% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -21.84% | +13.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 3.91% | -2.49% |
Volatility
TRD1.DE vs. IS05.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) is 1.12%, while iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) (IS05.DE) has a volatility of 3.05%. This indicates that TRD1.DE experiences smaller price fluctuations and is considered to be less risky than IS05.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 | IS05.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.05% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 7.58% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 10.25% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 15.59% | -8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 15.45% | -7.36% |
TRD1.DE vs. IS05.DE - Expense Ratio Comparison
TRD1.DE has a 0.06% expense ratio, which is lower than IS05.DE's 0.15% 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. IS05.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, more than IS05.DE's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS05.DE iShares € Govt Bond 20yr Target Duration UCITS ETF EUR (Dist) | 3.63% | 3.45% | 2.94% | 2.10% | 0.91% | 0.22% | 0.29% | 0.75% | 1.14% | 1.04% | 1.00% | 1.03% |
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
TRD1.DE and IS05.DE have a correlation of -0.22, 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 0.15% for IS05.DE.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while IS05.DE tracks Markit iBoxx EUR Eurozone 20yr Target Duration Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRD1.DE and 0.15% for IS05.DE.
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