TRD3.DE vs. EXVM.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while EXVM.DE tracks the eb.rexx Government Germany 0-1 Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 1.43%/yr for EXVM.DE. At a correlation of -0.01, they often move in opposite directions. TRD3.DE charges 0.06%/yr vs 0.13%/yr for EXVM.DE.
Performance
TRD3.DE vs. EXVM.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 EXVM.DE's 0.80% 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*
- —
EXVM.DE
- 1D
- -0.01%
- 1M
- 0.21%
- 6M
- 0.92%
- YTD
- 0.80%
- 1Y
- 1.68%
- 3Y*
- 2.62%
- 5Y*
- 1.43%
- 10Y*
- 0.29%
TRD3.DE vs. EXVM.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% |
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.80% | 2.06% | 3.37% | 2.36% | -1.00% | -0.83% | -0.79% | -0.71% |
Correlation
The correlation between TRD3.DE and EXVM.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | -0.01 |
The correlation between TRD3.DE and EXVM.DE shifts across timeframes, from -0.11 (1 year) to -0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRD3.DE vs. EXVM.DE — Risk / Return Rank
TRD3.DE
EXVM.DE
TRD3.DE vs. EXVM.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 eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.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 | EXVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.68 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 14.22 | -12.42 |
| Martin ratioReturn relative to average drawdown | 4.34 | 54.84 | -50.50 |
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Drawdowns
TRD3.DE vs. EXVM.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, which is greater than EXVM.DE's maximum drawdown of -6.33%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and EXVM.DE.
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Drawdown Indicators
| TRD3.DE | EXVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -6.33% | -7.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -0.12% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -0.13% | -10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -1.65% | -10.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.65% | — |
Current DrawdownCurrent decline from peak | -5.25% | -0.01% | -5.24% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.76% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.03% | +1.39% |
Volatility
TRD3.DE vs. EXVM.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 eb.rexx Government Germany 0-1yr UCITS ETF (DE) (EXVM.DE) at 0.12%. This indicates that TRD3.DE's price experiences larger fluctuations and is considered to be riskier than EXVM.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 | EXVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.12% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 0.41% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 0.54% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 0.51% | +6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 0.79% | +7.12% |
TRD3.DE vs. EXVM.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is lower than EXVM.DE's 0.13% 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. EXVM.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, more than EXVM.DE's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 1.06% | 1.14% | 0.77% | 0.80% | 0.61% | 0.78% | 0.96% | 1.10% | 1.05% | 1.15% | 1.51% | 1.63% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRD3.DE and EXVM.DE have a correlation of -0.11, 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 0.13% for EXVM.DE.
TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while EXVM.DE tracks eb.rexx Government Germany 0-1 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRD3.DE and 0.13% for EXVM.DE.
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