TRD3.DE vs. UEFI.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and UEFI.DE (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while UEFI.DE tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.57%/yr vs -0.84%/yr for UEFI.DE. A 0.69 correlation means they provide meaningful diversification when combined. TRD3.DE charges 0.06%/yr vs 0.05%/yr for UEFI.DE.
Performance
TRD3.DE vs. UEFI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD3.DE achieves a 3.72% return, which is significantly higher than UEFI.DE's 3.01% return.
TRD3.DE
- 1D
- 0.03%
- 1M
- 1.51%
- 6M
- 2.33%
- YTD
- 3.72%
- 1Y
- 4.65%
- 3Y*
- 3.61%
- 5Y*
- 2.57%
- 10Y*
- —
UEFI.DE
- 1D
- 0.18%
- 1M
- 1.38%
- 6M
- 1.78%
- YTD
- 3.01%
- 1Y
- 4.54%
- 3Y*
- 1.91%
- 5Y*
- -0.84%
- 10Y*
- 0.13%
TRD3.DE vs. UEFI.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 | 3.72% | -6.54% | 10.06% | 0.57% | 2.12% | 7.70% | -6.02% | -7.51% |
UEFI.DE UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 3.01% | -4.76% | 5.09% | -0.05% | -9.74% | 5.04% | 0.06% | 12.05% |
Correlation
The correlation between TRD3.DE and UEFI.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.69 |
Over the past year, TRD3.DE and UEFI.DE have become more correlated (0.91) than their long-term average of 0.69, meaning their price movements have been converging.
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Return for Risk
TRD3.DE vs. UEFI.DE — Risk / Return Rank
TRD3.DE
UEFI.DE
TRD3.DE vs. UEFI.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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UEFI.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 | UEFI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.16 | +0.20 |
| Martin ratioReturn relative to average drawdown | 3.27 | 3.03 | +0.24 |
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Drawdowns
TRD3.DE vs. UEFI.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, smaller than the maximum UEFI.DE drawdown of -33.55%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and UEFI.DE.
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Drawdown Indicators
| TRD3.DE | UEFI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -33.55% | +20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -3.91% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -10.74% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -15.68% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.74% | — |
Current DrawdownCurrent decline from peak | -5.17% | -15.35% | +10.18% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -14.52% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.49% | -0.07% |
Volatility
TRD3.DE vs. UEFI.DE - Volatility Comparison
Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) has a higher volatility of 1.35% compared to UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UEFI.DE) at 1.10%. This indicates that TRD3.DE's price experiences larger fluctuations and is considered to be riskier than UEFI.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 | UEFI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.10% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.67% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 5.25% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 8.87% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 15.11% | -7.22% |
TRD3.DE vs. UEFI.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is higher than UEFI.DE's 0.05% expense ratio. However, 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. UEFI.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.82%, more than UEFI.DE's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.82% | 4.18% | 4.28% | 4.20% | 2.04% | 0.31% | 1.28% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% |
UEFI.DE UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 3.03% | 2.22% | 2.44% | 2.79% | 1.42% | 0.98% | 2.00% | 2.11% | 2.73% | 1.95% | 0.85% | 0.88% |
Frequently Asked Questions
With a correlation of 0.91, TRD3.DE and UEFI.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UEFI.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFI.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRD3.DE.
TRD3.DE tracks Bloomberg US Treasury 1-3 Year Index, while UEFI.DE tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.06% for TRD3.DE and 0.05% for UEFI.DE.
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