TRD1.DE vs. T7EU.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and T7EU.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist) are both Government Bonds funds from Invesco - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while T7EU.DE tracks the Bloomberg U.S. Treasury 3-7 Year Index. Both are passively managed. Over the past 3 years, TRD1.DE returned 3.93%/yr vs 1.77%/yr for T7EU.DE. At a correlation of -0.28, they often move in opposite directions.
Performance
TRD1.DE vs. T7EU.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 T7EU.DE's -0.88% 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*
- —
T7EU.DE
- 1D
- 0.15%
- 1M
- -0.06%
- 6M
- -0.73%
- YTD
- -0.88%
- 1Y
- 1.02%
- 3Y*
- 1.77%
- 5Y*
- —
- 10Y*
- —
TRD1.DE vs. T7EU.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% | 5.61% |
T7EU.DE Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist | -0.88% | 4.82% | 0.05% | 1.93% | 7.97% |
Correlation
The correlation between TRD1.DE and T7EU.DE is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | -0.28 |
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Return for Risk
TRD1.DE vs. T7EU.DE — Risk / Return Rank
TRD1.DE
T7EU.DE
TRD1.DE vs. T7EU.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 US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist (T7EU.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 | T7EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.06 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.35 | +1.04 |
| Martin ratioReturn relative to average drawdown | 3.62 | 0.83 | +2.79 |
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Drawdowns
TRD1.DE vs. T7EU.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, which is greater than T7EU.DE's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and T7EU.DE.
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Drawdown Indicators
| TRD1.DE | T7EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -13.15% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -2.93% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -4.27% | -7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | — | — |
Current DrawdownCurrent decline from peak | -5.39% | -5.02% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -7.45% | -0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.23% | +0.19% |
Volatility
TRD1.DE vs. T7EU.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 Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist (T7EU.DE) at 0.95%. This indicates that TRD1.DE's price experiences larger fluctuations and is considered to be riskier than T7EU.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 | T7EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.95% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 2.32% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 2.96% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 10.71% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 10.71% | -2.62% |
Dividends
TRD1.DE vs. T7EU.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, less than T7EU.DE's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
T7EU.DE Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist | 4.13% | 4.02% | 4.27% | 3.60% | 1.54% | 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 T7EU.DE have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while T7EU.DE tracks Bloomberg U.S. Treasury 3-7 Year Index.
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