TRD3.DE vs. EUN6.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 1.62%/yr for EUN6.DE. At a 0.05 correlation, their price movements are largely independent. TRD3.DE charges 0.06%/yr vs 0.07%/yr for EUN6.DE.
Performance
TRD3.DE vs. EUN6.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 EUN6.DE's 1.02% 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*
- —
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.23%
- 6M
- 0.95%
- YTD
- 1.02%
- 1Y
- 1.89%
- 3Y*
- 2.83%
- 5Y*
- 1.62%
- 10Y*
- 0.49%
TRD3.DE vs. EUN6.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% |
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 1.02% | 2.16% | 3.57% | 2.74% | -1.00% | -0.70% | -0.60% | -0.53% |
Correlation
The correlation between TRD3.DE and EUN6.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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.05 |
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Return for Risk
TRD3.DE vs. EUN6.DE — Risk / Return Rank
TRD3.DE
EUN6.DE
TRD3.DE vs. EUN6.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 iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.98 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 5.84 | -4.04 |
| Martin ratioReturn relative to average drawdown | 4.34 | 22.30 | -17.96 |
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Drawdowns
TRD3.DE vs. EUN6.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, which is greater than EUN6.DE's maximum drawdown of -4.94%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and EUN6.DE.
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Drawdown Indicators
| TRD3.DE | EUN6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -4.94% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -0.32% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -0.77% | -10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -1.49% | -11.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.54% | — |
Current DrawdownCurrent decline from peak | -5.25% | -0.08% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.31% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.08% | +1.34% |
Volatility
TRD3.DE vs. EUN6.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 iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) at 0.09%. This indicates that TRD3.DE's price experiences larger fluctuations and is considered to be riskier than EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.09% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 0.57% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 0.64% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 0.67% | +6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 0.63% | +7.28% |
TRD3.DE vs. EUN6.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is lower than EUN6.DE's 0.07% 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. EUN6.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, more than EUN6.DE's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 2.19% | 2.79% | 2.18% | 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 EUN6.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 0.07% for EUN6.DE.
TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRD3.DE and 0.07% for EUN6.DE.
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