TRD1.DE vs. VAGT.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, TRD1.DE returned 2.97%/yr vs 1.49%/yr for VAGT.DE. A 0.69 correlation means they provide meaningful diversification when combined. TRD1.DE charges 0.06%/yr vs 0.05%/yr for VAGT.DE.
Performance
TRD1.DE vs. VAGT.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRD1.DE achieves a 4.56% return, which is significantly higher than VAGT.DE's 2.94% 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*
- —
VAGT.DE
- 1D
- 0.00%
- 1M
- 1.94%
- 6M
- 2.99%
- YTD
- 2.94%
- 1Y
- 6.02%
- 3Y*
- 1.49%
- 5Y*
- —
- 10Y*
- —
TRD1.DE vs. VAGT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.56% | -7.35% | 11.23% | -0.38% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.94% | -5.48% | 6.40% | -0.47% |
Correlation
The correlation between TRD1.DE and VAGT.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.69 |
The correlation between TRD1.DE and VAGT.DE has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRD1.DE vs. VAGT.DE — Risk / Return Rank
TRD1.DE
VAGT.DE
TRD1.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.51 | +0.32 |
| Martin ratioReturn relative to average drawdown | 4.77 | 3.92 | +0.85 |
Loading charts...
Drawdowns
TRD1.DE vs. VAGT.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and VAGT.DE.
Loading charts...
Drawdown Indicators
| TRD1.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -11.03% | -6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -4.00% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -11.03% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | — | — |
Current DrawdownCurrent decline from peak | -5.44% | -5.49% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -5.05% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.54% | -0.12% |
Volatility
TRD1.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) at 1.61%. This indicates that TRD1.DE's price experiences larger fluctuations and is considered to be riskier than VAGT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRD1.DE | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.61% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 3.88% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 5.56% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 7.30% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 7.30% | +0.81% |
TRD1.DE vs. VAGT.DE - Expense Ratio Comparison
TRD1.DE has a 0.06% expense ratio, which is higher than VAGT.DE's 0.05% expense ratio. However, 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. VAGT.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, while VAGT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRD1.DE and VAGT.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRD1.DE.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.06% for TRD1.DE and 0.05% for VAGT.DE.
Find the right allocation for TRD1.DE and VAGT.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer