TRD3.DE vs. IQSA.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - TRD3.DE is a Government Bonds fund tracking the Bloomberg US Treasury 1-3 Year Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. TRD3.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 15.34%/yr for IQSA.DE. At a 0.01 correlation, their price movements are largely independent. TRD3.DE charges 0.06%/yr vs 0.30%/yr for IQSA.DE.
Performance
TRD3.DE vs. IQSA.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 IQSA.DE's 18.17% 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*
- —
IQSA.DE
- 1D
- 0.41%
- 1M
- 2.82%
- 6M
- 18.46%
- YTD
- 18.17%
- 1Y
- 32.16%
- 3Y*
- 21.64%
- 5Y*
- 15.34%
- 10Y*
- —
TRD3.DE vs. IQSA.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% | 0.60% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 18.17% | 9.64% | 29.92% | 20.23% | -9.31% | 35.68% | 0.13% | -2.66% |
Correlation
The correlation between TRD3.DE and IQSA.DE is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.01 |
The correlation between TRD3.DE and IQSA.DE shifts across timeframes, from -0.01 (5 years) to 0.10 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRD3.DE vs. IQSA.DE — Risk / Return Rank
TRD3.DE
IQSA.DE
TRD3.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 5.16 | -3.36 |
| Martin ratioReturn relative to average drawdown | 4.34 | 21.31 | -16.97 |
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Drawdowns
TRD3.DE vs. IQSA.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, smaller than the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and IQSA.DE.
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Drawdown Indicators
| TRD3.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -34.12% | +20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -6.20% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -21.35% | +10.45% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -21.35% | +8.86% |
Current DrawdownCurrent decline from peak | -5.25% | -0.65% | -4.60% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -4.76% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.51% | -0.09% |
Volatility
TRD3.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.46%. This indicates that TRD3.DE experiences smaller price fluctuations and is considered to be less risky than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 3.46% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 9.12% | -4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 12.47% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 14.76% | -7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 17.21% | -9.30% |
TRD3.DE vs. IQSA.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
TRD3.DE vs. IQSA.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, while IQSA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD 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 IQSA.DE have a correlation of 0.07, 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 0.30% for IQSA.DE.
TRD3.DE is categorized as Government Bonds, while IQSA.DE is Global Equities. Their fees differ too: 0.06% for TRD3.DE and 0.30% for IQSA.DE.
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