TRD3.DE vs. TRD1.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds from Invesco - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.62%/yr vs 4.03%/yr for TRD1.DE. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
TRD3.DE vs. TRD1.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 TRD1.DE's 4.56% 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*
- —
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
TRD3.DE vs. TRD1.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% | -7.02% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.56% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between TRD3.DE and TRD1.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.88 |
The correlation between TRD3.DE and TRD1.DE has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
TRD3.DE vs. TRD1.DE — Risk / Return Rank
TRD3.DE
TRD1.DE
TRD3.DE vs. TRD1.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 USD Dist (TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.83 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.34 | 4.77 | -0.43 |
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Drawdowns
TRD3.DE vs. TRD1.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, smaller than the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and TRD1.DE.
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Drawdown Indicators
| TRD3.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -17.81% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.70% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -11.60% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -11.70% | -0.79% |
Current DrawdownCurrent decline from peak | -5.25% | -5.44% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -8.30% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.42% | 0.00% |
Volatility
TRD3.DE vs. TRD1.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 US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.79%. This indicates that TRD3.DE experiences smaller price fluctuations and is considered to be less risky than TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.79% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.67% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.32% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 7.48% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 8.11% | -0.20% |
TRD3.DE vs. TRD1.DE - Expense Ratio Comparison
Both TRD3.DE and TRD1.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRD3.DE vs. TRD1.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, which matches TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% | 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 TRD1.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRD3.DE and TRD1.DE have the same expense ratio: 0.06% per year.
TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index.
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