TRD7.DE vs. FWEA.DE

Last updated Jun 5, 2026

TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - TRD7.DE is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond Index, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, TRD7.DE returned 0.69% vs 25.98% for FWEA.DE. At a correlation of -0.25, they often move in opposite directions. TRD7.DE charges 0.06%/yr vs 0.20%/yr for FWEA.DE.

Performance

TRD7.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRD7.DE achieves a 0.62% return, which is significantly lower than FWEA.DE's 10.64% 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*: —

FWEA.DE

• 1D: -0.24%
• 1M: 2.84%
• YTD: 10.64%
• 6M: 11.58%
• 1Y: 25.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRD7.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist	0.62%	-5.07%	9.77%	3.09%
FWEA.DE Invesco FTSE All-World UCITS ETF	10.64%	17.53%	19.21%	8.62%

Correlation

The correlation between TRD7.DE and FWEA.DE is -0.23, 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	-0.23
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023	-0.25

Return for Risk

TRD7.DE vs. FWEA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRD7.DE

TRD7.DE Risk / Return Rank: 11
TRD7.DE Sharpe Ratio Rank: 11
TRD7.DE Sortino Ratio Rank: 10
TRD7.DE Omega Ratio Rank: 10
TRD7.DE Calmar Ratio Rank: 11
TRD7.DE Martin Ratio Rank: 11

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 71
FWEA.DE Sortino Ratio Rank: 76
FWEA.DE Omega Ratio Rank: 73
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRD7.DE vs. FWEA.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 Invesco FTSE All-World UCITS ETF (FWEA.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	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.13	2.30	-2.17
Sortino ratio: Return per unit of downside risk	0.22	3.38	-3.16
Omega ratio: Gain probability vs. loss probability	1.03	1.43	-0.40
Calmar ratio: Return relative to maximum drawdown	0.17	3.18	-3.01
Martin ratio: Return relative to average drawdown	0.41	13.52	-13.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRD7.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current TRD7.DE Sharpe Ratio is 0.13, which is lower than the FWEA.DE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of TRD7.DE and FWEA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRD7.DE	FWEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	2.30	-2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.51	-1.18

Drawdowns

TRD7.DE vs. FWEA.DE - Drawdown Comparison

The maximum TRD7.DE drawdown since its inception was -12.09%, smaller than the maximum FWEA.DE drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for TRD7.DE and FWEA.DE.

Drawdown Indicators

	TRD7.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.09%	-17.48%	+5.39%
Max Drawdown (1Y) Largest decline over 1 year	-4.12%	-8.28%	+4.16%
Max Drawdown (3Y) Largest decline over 3 years	-10.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.30%	—	—
Current Drawdown Current decline from peak	-6.97%	-0.81%	-6.16%
Average Drawdown Average peak-to-trough decline	-5.17%	-1.86%	-3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.95%	-0.30%

Volatility

TRD7.DE vs. FWEA.DE - Volatility Comparison

The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) is 0.76%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 3.36%. This indicates that TRD7.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRD7.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	3.36%	-2.60%
Volatility (6M) Calculated over the trailing 6-month period	3.83%	8.93%	-5.10%
Volatility (1Y) Calculated over the trailing 1-year period	5.40%	11.45%	-6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.68%	12.72%	-5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.31%	12.72%	-5.41%

TRD7.DE vs. FWEA.DE - Expense Ratio Comparison

TRD7.DE has a 0.06% expense ratio, which is lower than FWEA.DE's 0.20% 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. FWEA.DE - Dividend Comparison

TRD7.DE's dividend yield for the trailing twelve months is around 3.55%, while FWEA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FWEA.DE Invesco FTSE All-World UCITS ETF	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

Can I hold both TRD7.DE and FWEA.DE in my portfolio?

TRD7.DE and FWEA.DE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRD7.DE or FWEA.DE?

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.

Which ETF is cheaper, TRD7.DE or FWEA.DE?

TRD7.DE is cheaper with a 0.06% expense ratio, compared with 0.20% for FWEA.DE.

What is the main difference between TRD7.DE and FWEA.DE?

TRD7.DE is categorized as Government Bonds, while FWEA.DE is Global Equities. TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.06% for TRD7.DE and 0.20% for FWEA.DE.