TRD7.DE vs. ELFE.DE
TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both Government Bonds funds - TRD7.DE tracks the Bloomberg US 3-7 Year Treasury Bond Index while ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, TRD7.DE returned 2.55%/yr vs 0.02%/yr for ELFE.DE. Their correlation of 0.89 suggests significant overlap in exposure. TRD7.DE charges 0.06%/yr vs 0.07%/yr for ELFE.DE.
Performance
TRD7.DE vs. ELFE.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 higher than ELFE.DE's 0.55% return.
TRD7.DE
- 1D
- 0.05%
- 1M
- 1.02%
- YTD
- 0.62%
- 6M
- -0.50%
- 1Y
- 1.03%
- 3Y*
- 2.16%
- 5Y*
- 2.55%
- 10Y*
- —
ELFE.DE
- 1D
- 0.13%
- 1M
- 0.58%
- YTD
- 0.55%
- 6M
- -0.27%
- 1Y
- 2.22%
- 3Y*
- -0.01%
- 5Y*
- 0.02%
- 10Y*
- —
TRD7.DE vs. ELFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 0.62% | -5.07% | 9.77% | 4.23% | -2.71% | 6.61% | -1.37% | -2.33% |
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 0.55% | -3.68% | 5.37% | 0.04% | -9.38% | 5.11% | -0.09% | -4.86% |
Correlation
The correlation between TRD7.DE and ELFE.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.89 |
The correlation between TRD7.DE and ELFE.DE has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
TRD7.DE vs. ELFE.DE — Risk / Return Rank
TRD7.DE
ELFE.DE
TRD7.DE vs. ELFE.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 Deka US Treasury 7-10 UCITS ETF (ELFE.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 | ELFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.42 | -0.25 |
| Martin ratioReturn relative to average drawdown | 0.41 | 1.04 | -0.63 |
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 | ELFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.31 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.00 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.13 | +0.47 |
Drawdowns
TRD7.DE vs. ELFE.DE - Drawdown Comparison
The maximum TRD7.DE drawdown since its inception was -12.09%, smaller than the maximum ELFE.DE drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for TRD7.DE and ELFE.DE.
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Drawdown Indicators
| TRD7.DE | ELFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.09% | -20.67% | +8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -4.53% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -10.16% | -10.45% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -15.39% | +5.09% |
Current DrawdownCurrent decline from peak | -6.97% | -15.66% | +8.69% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -12.73% | +7.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.81% | -0.16% |
Volatility
TRD7.DE vs. ELFE.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) is 0.76%, while Deka US Treasury 7-10 UCITS ETF (ELFE.DE) has a volatility of 1.17%. This indicates that TRD7.DE experiences smaller price fluctuations and is considered to be less risky than ELFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRD7.DE | ELFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.17% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 4.19% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 6.08% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.68% | 9.00% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 8.73% | -1.42% |
TRD7.DE vs. ELFE.DE - Expense Ratio Comparison
TRD7.DE has a 0.06% expense ratio, which is lower than ELFE.DE's 0.07% 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. ELFE.DE - Dividend Comparison
TRD7.DE's dividend yield for the trailing twelve months is around 3.55%, less than ELFE.DE's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 4.36% | 3.84% | 2.83% | 2.04% | 1.74% | 2.27% | 1.81% | 0.24% |
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
TRD7.DE and ELFE.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.07% for ELFE.DE.
TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. They also come from different issuers: Invesco and Deka Investment GmbH. Their fees differ too: 0.06% for TRD7.DE and 0.07% for ELFE.DE.
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