TRD1.DE vs. XJSE.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) are both Government Bonds funds - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while XJSE.DE tracks the FTSE Japanese Government Bond Index. Both are passively managed. Over the past 5 years, TRD1.DE returned 3.97%/yr vs -11.57%/yr for XJSE.DE. At a 0.20 correlation, their price movements are largely independent. TRD1.DE charges 0.06%/yr vs 0.15%/yr for XJSE.DE.
Performance
TRD1.DE vs. XJSE.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 XJSE.DE's -5.80% 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*
- —
XJSE.DE
- 1D
- 0.00%
- 1M
- -0.85%
- 6M
- -4.72%
- YTD
- -5.80%
- 1Y
- -13.84%
- 3Y*
- -11.74%
- 5Y*
- -11.57%
- 10Y*
- -7.08%
TRD1.DE vs. XJSE.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% |
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -9.72% | -14.55% | -3.16% | -4.40% |
Correlation
The correlation between TRD1.DE and XJSE.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.20 |
The correlation between TRD1.DE and XJSE.DE shifts across timeframes, from -0.01 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRD1.DE vs. XJSE.DE — Risk / Return Rank
TRD1.DE
XJSE.DE
TRD1.DE vs. XJSE.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 Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.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 | XJSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.76 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.86 | +2.24 |
| Martin ratioReturn relative to average drawdown | 3.62 | -1.35 | +4.96 |
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Drawdowns
TRD1.DE vs. XJSE.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, smaller than the maximum XJSE.DE drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and XJSE.DE.
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Drawdown Indicators
| TRD1.DE | XJSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -55.37% | +37.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -16.11% | +12.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -32.71% | +21.11% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | -47.64% | +35.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.16% | — |
Current DrawdownCurrent decline from peak | -5.39% | -54.83% | +49.44% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -20.34% | +12.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 10.25% | -8.83% |
Volatility
TRD1.DE vs. XJSE.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) is 1.12%, while Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) has a volatility of 2.80%. This indicates that TRD1.DE experiences smaller price fluctuations and is considered to be less risky than XJSE.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 | XJSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 2.80% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 7.28% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 9.30% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 11.15% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.09% | 9.88% | -1.79% |
TRD1.DE vs. XJSE.DE - Expense Ratio Comparison
TRD1.DE has a 0.06% expense ratio, which is lower than XJSE.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. XJSE.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, while XJSE.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% |
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRD1.DE and XJSE.DE have a correlation of -0.01, 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 XJSE.DE.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while XJSE.DE tracks FTSE Japanese Government Bond Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.06% for TRD1.DE and 0.15% for XJSE.DE.
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