TRD3.DE vs. FWEA.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) are both exchange-traded funds - TRD3.DE is a Government Bonds fund tracking the Bloomberg US Treasury 1-3 Year Index, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, TRD3.DE returned 2.75%/yr vs 17.71%/yr for FWEA.DE. At a correlation of -0.29, they often move in opposite directions. TRD3.DE charges 0.06%/yr vs 0.20%/yr for FWEA.DE.
Performance
TRD3.DE vs. FWEA.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 lower than FWEA.DE's 10.02% 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*
- —
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.80%
- 6M
- 10.26%
- YTD
- 10.02%
- 1Y
- 21.71%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
TRD3.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.63% | -6.54% | 10.06% | 1.40% |
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.02% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between TRD3.DE and FWEA.DE is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | -0.29 |
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Return for Risk
TRD3.DE vs. FWEA.DE — Risk / Return Rank
TRD3.DE
FWEA.DE
TRD3.DE vs. FWEA.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 Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.62 | -0.82 |
| Martin ratioReturn relative to average drawdown | 4.34 | 10.72 | -6.38 |
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Drawdowns
TRD3.DE vs. FWEA.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, smaller than the maximum FWEA.DE drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and FWEA.DE.
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Drawdown Indicators
| TRD3.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -17.48% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -8.28% | +4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -17.48% | +6.58% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | — | — |
Current DrawdownCurrent decline from peak | -5.25% | -1.37% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.86% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.03% | -0.61% |
Volatility
TRD3.DE vs. FWEA.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) is 1.68%, while Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a volatility of 3.88%. This indicates that TRD3.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 3.88% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 9.49% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 11.88% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 12.75% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 12.75% | -4.84% |
TRD3.DE vs. FWEA.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is lower than FWEA.DE's 0.20% 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. FWEA.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, while FWEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg 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 FWEA.DE have a correlation of -0.26, 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 0.20% for FWEA.DE.
TRD3.DE is categorized as Government Bonds, while FWEA.DE is Global Equities. TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.06% for TRD3.DE and 0.20% for FWEA.DE.
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