TRD7.DE vs. 36BD.DE
TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and 36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) are both Government Bonds funds - TRD7.DE tracks the Bloomberg US 3-7 Year Treasury Bond Index while 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped. Both are passively managed. Over the past 5 years, TRD7.DE returned 2.55%/yr vs 1.94%/yr for 36BD.DE. Their correlation of 0.95 suggests significant overlap in exposure. TRD7.DE charges 0.06%/yr vs 0.15%/yr for 36BD.DE.
Performance
TRD7.DE vs. 36BD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRD7.DE achieves a 0.62% return, which is significantly lower than 36BD.DE's 1.33% return.
TRD7.DE
- 1D
- 0.05%
- 1M
- 0.58%
- YTD
- 0.62%
- 6M
- -0.45%
- 1Y
- 0.69%
- 3Y*
- 2.16%
- 5Y*
- 2.55%
- 10Y*
- —
36BD.DE
- 1D
- 0.05%
- 1M
- 0.66%
- YTD
- 1.33%
- 6M
- 0.68%
- 1Y
- 1.75%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
TRD7.DE vs. 36BD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 0.62% | -5.07% | 9.77% | 4.23% | -2.71% | 3.98% |
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
Correlation
The correlation between TRD7.DE and 36BD.DE is 0.90, 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 | 0.90 |
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 Apr 6, 2021 | 0.95 |
The correlation between TRD7.DE and 36BD.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
TRD7.DE vs. 36BD.DE — Risk / Return Rank
TRD7.DE
36BD.DE
TRD7.DE vs. 36BD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) and iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.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.
| TRD7.DE | 36BD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.47 | -0.30 |
| Martin ratioReturn relative to average drawdown | 0.41 | 1.13 | -0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRD7.DE | 36BD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.32 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.27 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.18 | +0.16 |
Drawdowns
TRD7.DE vs. 36BD.DE - Drawdown Comparison
The maximum TRD7.DE drawdown since its inception was -12.09%, roughly equal to the maximum 36BD.DE drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for TRD7.DE and 36BD.DE.
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Drawdown Indicators
| TRD7.DE | 36BD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.09% | -11.97% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -3.71% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.16% | -10.13% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -11.97% | +1.67% |
Current DrawdownCurrent decline from peak | -6.97% | -6.13% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -4.97% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.55% | +0.10% |
Volatility
TRD7.DE vs. 36BD.DE - Volatility Comparison
Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) and iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) have volatilities of 0.76% and 0.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRD7.DE | 36BD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.74% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.65% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 5.39% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.68% | 7.21% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 7.16% | +0.15% |
TRD7.DE vs. 36BD.DE - Expense Ratio Comparison
TRD7.DE has a 0.06% expense ratio, which is lower than 36BD.DE's 0.15% 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
TRD7.DE vs. 36BD.DE - Dividend Comparison
TRD7.DE's dividend yield for the trailing twelve months is around 3.55%, while 36BD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 3.55% | 3.67% | 5.86% | 7.13% | 2.92% | 1.54% | 2.59% | 3.26% |
Frequently Asked Questions
With a correlation of 0.90, TRD7.DE and 36BD.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, TRD7.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD7.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for 36BD.DE.
TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index, while 36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRD7.DE and 0.15% for 36BD.DE.
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