TRD7.DE vs. SPP3.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco US Treasury Bond 3-7 Year UCITS ETF A (TRD7.DE) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE).

TRD7.DE and SPP3.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRD7.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US 3-7 Year Treasury Bond. It was launched on Jan 11, 2019. SPP3.DE is a passively managed fund by State Street that tracks the performance of the Bloomberg US 3-7 Year Treasury Bond. It was launched on Feb 17, 2016. Both TRD7.DE and SPP3.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TRD7.DE vs. SPP3.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 A (TRD7.DE) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE). The values are adjusted to include any dividend payments, if applicable.

TRD7.DE vs. SPP3.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF A	1.47%	-5.07%	9.77%	4.23%	-2.71%	6.61%	-1.37%	6.86%
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF	1.31%	-4.58%	7.72%	1.58%	-3.86%	5.71%	-2.64%	4.90%

Returns By Period

In the year-to-date period, TRD7.DE achieves a 1.47% return, which is significantly higher than SPP3.DE's 1.31% return.

TRD7.DE

• 1D: -0.30%
• 1M: -0.15%
• YTD: 1.47%
• 6M: 2.09%
• 1Y: -3.48%
• 3Y*: 2.84%
• 5Y*: 2.20%
• 10Y*: —

SPP3.DE

• 1D: -0.65%
• 1M: -0.34%
• YTD: 1.31%
• 6M: 2.12%
• 1Y: -3.19%
• 3Y*: 1.40%
• 5Y*: 0.99%
• 10Y*: 1.22%

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

TRD7.DE vs. SPP3.DE - Expense Ratio Comparison

TRD7.DE has a 0.06% expense ratio, which is lower than SPP3.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%.

SPP3.DE

SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF

TRD7.DE

Invesco US Treasury Bond 3-7 Year UCITS ETF A

Return for Risk

TRD7.DE vs. SPP3.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: 5
TRD7.DE Sharpe Ratio Rank: 4
TRD7.DE Sortino Ratio Rank: 4
TRD7.DE Omega Ratio Rank: 4
TRD7.DE Calmar Ratio Rank: 5
TRD7.DE Martin Ratio Rank: 7

SPP3.DE

SPP3.DE Risk / Return Rank: 5
SPP3.DE Sharpe Ratio Rank: 5
SPP3.DE Sortino Ratio Rank: 4
SPP3.DE Omega Ratio Rank: 4
SPP3.DE Calmar Ratio Rank: 6
SPP3.DE Martin Ratio Rank: 7

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. SPP3.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 A (TRD7.DE) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.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	SPP3.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.50	-0.45	-0.04
Sortino ratio Return per unit of downside risk	-0.61	-0.56	-0.06
Omega ratio Gain probability vs. loss probability	0.92	0.93	-0.01
Calmar ratio Return relative to maximum drawdown	-0.40	-0.37	-0.03
Martin ratio Return relative to average drawdown	-0.63	-0.60	-0.03
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. SPP3.DE - Sharpe Ratio Comparison

The current TRD7.DE Sharpe Ratio is -0.50, which is comparable to the SPP3.DE Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of TRD7.DE and SPP3.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRD7.DE	SPP3.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.50	-0.45	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.13	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.13	+0.23

Correlation

The correlation between TRD7.DE and SPP3.DE is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TRD7.DE vs. SPP3.DE - Dividend Comparison

TRD7.DE's dividend yield for the trailing twelve months is around 3.52%, less than SPP3.DE's 3.90% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF A	3.52%	3.67%	5.86%	7.13%	2.92%	1.54%	2.59%	3.26%	0.00%	0.00%	0.00%
SPP3.DE SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF	3.90%	3.96%	3.14%	2.90%	1.13%	0.93%	1.80%	2.12%	1.59%	1.48%	0.44%

Drawdowns

TRD7.DE vs. SPP3.DE - Drawdown Comparison

The maximum TRD7.DE drawdown since its inception was -12.09%, smaller than the maximum SPP3.DE drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for TRD7.DE and SPP3.DE.

Drawdown Indicators

	TRD7.DE	SPP3.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.09%	-16.82%	+4.73%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-7.03%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-10.30%	-11.51%	+1.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-16.82%	—
Current Drawdown Current decline from peak	-6.19%	-5.84%	-0.35%
Average Drawdown Average peak-to-trough decline	-5.12%	-6.75%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	4.34%	+0.23%

Volatility

TRD7.DE vs. SPP3.DE - Volatility Comparison

The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF A (TRD7.DE) is 1.62%, while SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (SPP3.DE) has a volatility of 1.89%. This indicates that TRD7.DE experiences smaller price fluctuations and is considered to be less risky than SPP3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRD7.DE	SPP3.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	1.89%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	3.89%	3.85%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	7.01%	7.02%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.70%	7.75%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.37%	7.39%	-0.02%