TRD1.DE vs. TRDE.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) are both Government Bonds funds from Invesco - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index. Both are passively managed. Over the past 5 years, TRD1.DE returned 3.97%/yr vs -3.30%/yr for TRDE.DE. At a correlation of -0.22, they often move in opposite directions. TRD1.DE charges 0.06%/yr vs 0.10%/yr for TRDE.DE.
Performance
TRD1.DE vs. TRDE.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 TRDE.DE's -1.43% 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*
- —
TRDE.DE
- 1D
- 0.43%
- 1M
- -0.30%
- 6M
- -1.18%
- YTD
- -1.43%
- 1Y
- 1.75%
- 3Y*
- 0.80%
- 5Y*
- -3.30%
- 10Y*
- —
TRD1.DE vs. TRDE.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% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.43% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | 7.44% |
Correlation
The correlation between TRD1.DE and TRDE.DE is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | -0.22 |
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Return for Risk
TRD1.DE vs. TRDE.DE — Risk / Return Rank
TRD1.DE
TRDE.DE
TRD1.DE vs. TRDE.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 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.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 | TRDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.42 | +0.96 |
| Martin ratioReturn relative to average drawdown | 3.62 | 1.00 | +2.61 |
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Drawdowns
TRD1.DE vs. TRDE.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, smaller than the maximum TRDE.DE drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and TRDE.DE.
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Drawdown Indicators
| TRD1.DE | TRDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -27.68% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -4.14% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -7.48% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | -24.70% | +13.00% |
Current DrawdownCurrent decline from peak | -5.39% | -19.80% | +14.41% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -13.77% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.74% | -0.32% |
Volatility
TRD1.DE vs. TRDE.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) is 1.12%, while Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) has a volatility of 1.35%. This indicates that TRD1.DE experiences smaller price fluctuations and is considered to be less risky than TRDE.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 | TRDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.35% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 3.25% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 4.50% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 7.40% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 6.86% | +1.23% |
TRD1.DE vs. TRDE.DE - Expense Ratio Comparison
TRD1.DE has a 0.06% expense ratio, which is lower than TRDE.DE's 0.10% 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. TRDE.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, less than TRDE.DE's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.32% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% |
Frequently Asked Questions
TRD1.DE and TRDE.DE have a correlation of -0.31, 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 0.10% for TRDE.DE.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index. Their fees differ too: 0.06% for TRD1.DE and 0.10% for TRDE.DE.
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