TRD3.DE vs. T1EU.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds from Invesco - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 1.40%/yr for T1EU.DE. At a correlation of -0.05, they often move in opposite directions. TRD3.DE charges 0.06%/yr vs 0.10%/yr for T1EU.DE.
Performance
TRD3.DE vs. T1EU.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 T1EU.DE's 0.83% 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*
- —
T1EU.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.74%
- YTD
- 0.83%
- 1Y
- 1.84%
- 3Y*
- 2.74%
- 5Y*
- 1.40%
- 10Y*
- —
TRD3.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | -9.45% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.83% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between TRD3.DE and T1EU.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 | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | -0.05 |
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Return for Risk
TRD3.DE vs. T1EU.DE — Risk / Return Rank
TRD3.DE
T1EU.DE
TRD3.DE vs. T1EU.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 US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 3.62 | -1.82 |
| Martin ratioReturn relative to average drawdown | 4.34 | 17.64 | -13.30 |
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Drawdowns
TRD3.DE vs. T1EU.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and T1EU.DE.
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Drawdown Indicators
| TRD3.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -3.20% | -10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -0.51% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -0.51% | -10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -2.36% | -10.13% |
Current DrawdownCurrent decline from peak | -5.25% | 0.00% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -0.86% | -6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.10% | +1.32% |
Volatility
TRD3.DE vs. T1EU.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 Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.10%. This indicates that TRD3.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.10% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 1.12% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 1.45% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 0.80% | +6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 0.73% | +7.18% |
TRD3.DE vs. T1EU.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is lower than T1EU.DE's 0.10% 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. T1EU.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, while T1EU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 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 T1EU.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 0.10% for T1EU.DE.
TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. Their fees differ too: 0.06% for TRD3.DE and 0.10% for T1EU.DE.
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