TRD3.DE vs. VX6F.DE
TRD3.DE (Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist) and VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) are both Government Bonds funds - TRD3.DE tracks the Bloomberg US Treasury 1-3 Year Index while VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index. Both are passively managed. Over the past 5 years, TRD3.DE returned 2.57%/yr vs -2.74%/yr for VX6F.DE. At a 0.07 correlation, their price movements are largely independent. TRD3.DE charges 0.06%/yr vs 0.05%/yr for VX6F.DE.
Performance
TRD3.DE vs. VX6F.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 VX6F.DE's 0.77% return.
TRD3.DE
- 1D
- 0.15%
- 1M
- 1.60%
- 6M
- 2.67%
- YTD
- 3.72%
- 1Y
- 4.87%
- 3Y*
- 3.67%
- 5Y*
- 2.57%
- 10Y*
- —
VX6F.DE
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- -0.99%
- YTD
- 0.77%
- 1Y
- 3.78%
- 3Y*
- 2.65%
- 5Y*
- -2.74%
- 10Y*
- —
TRD3.DE vs. VX6F.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% | -7.78% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.77% | 0.53% | -0.19% | 18.92% | -26.90% | -5.30% | 9.59% | 5.30% |
Correlation
The correlation between TRD3.DE and VX6F.DE is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.07 |
The correlation between TRD3.DE and VX6F.DE shifts across timeframes, from -0.10 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRD3.DE vs. VX6F.DE — Risk / Return Rank
TRD3.DE
VX6F.DE
TRD3.DE vs. VX6F.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.K. Gilt UCITS ETF GBP Accumulation (VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.09 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.71 | +0.71 |
| Martin ratioReturn relative to average drawdown | 3.41 | 2.18 | +1.23 |
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Drawdowns
TRD3.DE vs. VX6F.DE - Drawdown Comparison
The maximum TRD3.DE drawdown since its inception was -13.49%, smaller than the maximum VX6F.DE drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for TRD3.DE and VX6F.DE.
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Drawdown Indicators
| TRD3.DE | VX6F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -38.93% | +25.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -5.35% | +1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -9.02% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -36.83% | +24.34% |
Current DrawdownCurrent decline from peak | -5.17% | -18.84% | +13.67% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -14.84% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.74% | -0.32% |
Volatility
TRD3.DE vs. VX6F.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 1-3 Year UCITS ETF USD Dist (TRD3.DE) is 1.62%, while Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) has a volatility of 1.99%. This indicates that TRD3.DE experiences smaller price fluctuations and is considered to be less risky than VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.99% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 6.25% | -2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.81% | 7.82% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.20% | 12.94% | -5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.89% | 12.04% | -4.15% |
TRD3.DE vs. VX6F.DE - Expense Ratio Comparison
TRD3.DE has a 0.06% expense ratio, which is higher than VX6F.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. VX6F.DE - Dividend Comparison
TRD3.DE's dividend yield for the trailing twelve months is around 3.82%, while VX6F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.00% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRD3.DE and VX6F.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VX6F.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VX6F.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 VX6F.DE tracks Bloomberg Sterling Gilt Float Adjusted Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.06% for TRD3.DE and 0.05% for VX6F.DE.
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