TRD1.DE vs. XT01.DE
TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - TRD1.DE tracks the Bloomberg US Treasury Coupons Index while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, TRD1.DE returned 4.03%/yr vs 4.12%/yr for XT01.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.06% expense ratio.
Performance
TRD1.DE vs. XT01.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TRD1.DE having a 4.56% return and XT01.DE slightly lower at 4.43%.
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 4.24%
- YTD
- 4.43%
- 1Y
- 6.70%
- 3Y*
- 2.94%
- 5Y*
- 4.12%
- 10Y*
- —
TRD1.DE vs. XT01.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 | 4.56% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -6.81% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.43% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between TRD1.DE and XT01.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.98 |
The correlation between TRD1.DE and XT01.DE has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.
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Return for Risk
TRD1.DE vs. XT01.DE — Risk / Return Rank
TRD1.DE
XT01.DE
TRD1.DE vs. XT01.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 US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.98 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.77 | 4.71 | +0.06 |
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Drawdowns
TRD1.DE vs. XT01.DE - Drawdown Comparison
The maximum TRD1.DE drawdown since its inception was -17.81%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for TRD1.DE and XT01.DE.
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Drawdown Indicators
| TRD1.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -11.68% | -6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -3.40% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.60% | -11.68% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -11.70% | -11.68% | -0.02% |
Current DrawdownCurrent decline from peak | -5.44% | -5.54% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -4.91% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.42% | 0.00% |
Volatility
TRD1.DE vs. XT01.DE - Volatility Comparison
Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) have volatilities of 1.79% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRD1.DE | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.77% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.67% | 4.22% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.32% | 6.04% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 7.44% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 7.29% | +0.82% |
TRD1.DE vs. XT01.DE - Expense Ratio Comparison
Both TRD1.DE and XT01.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. XT01.DE - Dividend Comparison
TRD1.DE's dividend yield for the trailing twelve months is around 3.86%, while XT01.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% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, TRD1.DE and XT01.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 XT01.DE have the same expense ratio: 0.06% per year.
TRD1.DE tracks Bloomberg US Treasury Coupons Index, while XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: Invesco and Xtrackers.
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