TRD3.DE vs. VUDY.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and VUDY.DE (Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing) are both Government Bonds funds tracking the Bloomberg US Treasury 1-3 Year Index, from Invesco and Vanguard respectively. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. TRD3.DE charges 0.06%/yr vs 0.05%/yr for VUDY.DE.
Performance
TRD3.DE vs. VUDY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TRD3.DE having a 3.63% return and VUDY.DE slightly lower at 3.51%.
TRD3.DE
- 1D
- 0.06%
- 1M
- 1.73%
- 6M
- 3.44%
- YTD
- 3.63%
- 1Y
- 6.18%
- 3Y*
- 2.75%
- 5Y*
- 2.62%
- 10Y*
- —
VUDY.DE
- 1D
- 0.03%
- 1M
- 1.72%
- 6M
- 3.39%
- YTD
- 3.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRD3.DE vs. VUDY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TRD3.DE Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist | 3.63% | -1.26% |
VUDY.DE Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing | 3.51% | -1.28% |
Correlation
The correlation between TRD3.DE and VUDY.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025 | 0.92 |
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Return for Risk
TRD3.DE vs. VUDY.DE — Risk / Return Rank
TRD3.DE
VUDY.DE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TRD3.DE vs. VUDY.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 Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing (VUDY.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 | VUDY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | — | — |
| Martin ratioReturn relative to average drawdown | 4.34 | — | — |
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Drawdowns
TRD3.DE vs. VUDY.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, which is greater than VUDY.DE's maximum drawdown of -3.56%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and VUDY.DE.
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Drawdown Indicators
| TRD3.DE | VUDY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -3.56% | -9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | — | — |
Current DrawdownCurrent decline from peak | -5.25% | -0.63% | -4.62% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.33% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | — | — |
Volatility
TRD3.DE vs. VUDY.DE - Volatility Comparison
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Volatility by Period
| TRD3.DE | VUDY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.20% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 5.20% | +2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 5.20% | +2.71% |
TRD3.DE vs. VUDY.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is higher than VUDY.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. VUDY.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.83%, more than VUDY.DE's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VUDY.DE Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF USD Distributing | 2.18% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, TRD3.DE and VUDY.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, VUDY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUDY.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRD3.DE.
Both ETFs track Bloomberg US Treasury 1-3 Year Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.06% for TRD3.DE and 0.05% for VUDY.DE.
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