TRD1.DE vs. TRDX.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) are both Government Bonds funds from Invesco - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while TRDX.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 3.98%/yr vs -0.68%/yr for TRDX.DE. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
TRD1.DE vs. TRDX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD1.DE achieves a 4.64% return, which is significantly higher than TRDX.DE's 2.01% return.
TRD1.DE
- 1D
- 0.08%
- 1M
- 1.66%
- 6M
- 3.54%
- YTD
- 4.64%
- 1Y
- 5.35%
- 3Y*
- 4.01%
- 5Y*
- 3.98%
- 10Y*
- —
TRDX.DE
- 1D
- 0.07%
- 1M
- 0.79%
- 6M
- 0.99%
- YTD
- 2.01%
- 1Y
- 5.49%
- 3Y*
- 2.22%
- 5Y*
- -0.68%
- 10Y*
- —
TRD1.DE vs. TRDX.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 | 4.64% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist | 2.01% | -3.42% | 5.25% | 0.09% | -9.69% | 5.10% | -1.77% |
Correlation
The correlation between TRD1.DE and TRDX.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.52 |
The correlation between TRD1.DE and TRDX.DE has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.
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Return for Risk
TRD1.DE vs. TRDX.DE — Risk / Return Rank
TRD1.DE
TRDX.DE
TRD1.DE vs. TRDX.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 USD Dist (TRDX.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 | TRDX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.27 | +0.17 |
| Martin ratioReturn relative to average drawdown | 3.75 | 3.24 | +0.51 |
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Drawdowns
TRD1.DE vs. TRDX.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, smaller than the maximum TRDX.DE drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and TRDX.DE.
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Drawdown Indicators
| TRD1.DE | TRDX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -20.98% | +3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -4.32% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -10.57% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | -15.52% | +3.82% |
Current DrawdownCurrent decline from peak | -5.36% | -14.58% | +9.22% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -12.26% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.69% | -0.27% |
Volatility
TRD1.DE vs. TRDX.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) is 1.48%, while Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) has a volatility of 1.76%. This indicates that TRD1.DE experiences smaller price fluctuations and is considered to be less risky than TRDX.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 | TRDX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.76% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 4.20% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 5.94% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 8.91% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 9.36% | -1.27% |
TRD1.DE vs. TRDX.DE - Expense Ratio Comparison
Both TRD1.DE and TRDX.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRD1.DE vs. TRDX.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, less than TRDX.DE's 4.27% 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% |
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist | 4.27% | 4.34% | 4.22% | 3.57% | 2.45% | 1.57% | 1.94% | 2.02% |
Frequently Asked Questions
TRD1.DE and TRDX.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE and TRDX.DE have the same expense ratio: 0.06% per year.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index.
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