TRD3.DE vs. 18M1.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and 18M1.DE (Amundi Euro Government Bond 0-6 M UCITS ETF (Acc)) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while 18M1.DE tracks the FTSE Eurozone Government Bill 0-6 Month Capped Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 1.72%/yr for 18M1.DE. At a 0.01 correlation, their price movements are largely independent. TRD3.DE charges 0.06%/yr vs 0.14%/yr for 18M1.DE.
Performance
TRD3.DE vs. 18M1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD3.DE achieves a 3.63% return, which is significantly higher than 18M1.DE's 1.00% return.
TRD3.DE
- 1D
- 0.06%
- 1M
- 1.73%
- 6M
- 3.44%
- YTD
- 3.63%
- 1Y
- 6.18%
- 3Y*
- 2.75%
- 5Y*
- 2.62%
- 10Y*
- —
18M1.DE
- 1D
- 0.01%
- 1M
- 0.21%
- 6M
- 0.92%
- YTD
- 1.00%
- 1Y
- 1.87%
- 3Y*
- 2.79%
- 5Y*
- 1.72%
- 10Y*
- 0.52%
TRD3.DE vs. 18M1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.63% | -6.54% | 10.06% | 0.57% | 2.12% | 7.70% | -6.02% | -7.51% |
18M1.DE Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) | 1.00% | 2.05% | 3.53% | 2.89% | -0.42% | -0.78% | -0.60% | -0.58% |
Correlation
The correlation between TRD3.DE and 18M1.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.01 |
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Return for Risk
TRD3.DE vs. 18M1.DE — Risk / Return Rank
TRD3.DE
18M1.DE
TRD3.DE vs. 18M1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) and Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.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.
| TRD3.DE | 18M1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.95 | ||
| Sortino ratioReturn per unit of downside risk | -7.24 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 2.28 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 28.91 | -27.11 |
| Martin ratioReturn relative to average drawdown | 4.34 | 103.56 | -99.22 |
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Drawdowns
TRD3.DE vs. 18M1.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, which is greater than 18M1.DE's maximum drawdown of -4.83%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and 18M1.DE.
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Drawdown Indicators
| TRD3.DE | 18M1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -4.83% | -8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -0.06% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -0.13% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -1.02% | -11.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.31% | — |
Current DrawdownCurrent decline from peak | -5.25% | 0.00% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.38% | -5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.02% | +1.40% |
Volatility
TRD3.DE vs. 18M1.DE - Volatility Comparison
Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) has a higher volatility of 1.68% compared to Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) (18M1.DE) at 0.06%. This indicates that TRD3.DE's price experiences larger fluctuations and is considered to be riskier than 18M1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRD3.DE | 18M1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.06% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 0.28% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 0.37% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 0.39% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 0.48% | +7.43% |
TRD3.DE vs. 18M1.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is lower than 18M1.DE's 0.14% 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
TRD3.DE vs. 18M1.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, while 18M1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
18M1.DE Amundi Euro Government Bond 0-6 M UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.83% | 4.18% | 4.28% | 4.20% | 2.04% | 0.31% | 1.28% | 1.96% |
Frequently Asked Questions
TRD3.DE and 18M1.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD3.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD3.DE is cheaper with a 0.06% expense ratio, compared with 0.14% for 18M1.DE.
TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while 18M1.DE tracks FTSE Eurozone Government Bill 0-6 Month Capped Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.06% for TRD3.DE and 0.14% for 18M1.DE.
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