TRD7.DE vs. TRDS.DE
TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) are both Government Bonds funds from Invesco - TRD7.DE tracks the Bloomberg US 3-7 Year Treasury Bond Index while TRDS.DE tracks the Bloomberg US Treasury Index. Both are passively managed. Over the past 5 years, TRD7.DE returned 2.55%/yr vs 0.24%/yr for TRDS.DE. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
TRD7.DE vs. TRDS.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 TRDS.DE's 0.86% 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*
- —
TRDS.DE
- 1D
- -0.02%
- 1M
- 0.79%
- YTD
- 0.86%
- 6M
- -0.02%
- 1Y
- 1.32%
- 3Y*
- -0.30%
- 5Y*
- 0.24%
- 10Y*
- —
TRD7.DE vs. TRDS.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% | 6.86% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 0.86% | -5.91% | 6.16% | 0.07% | -6.97% | 5.67% | -2.04% | 6.04% |
Correlation
The correlation between TRD7.DE and TRDS.DE is 0.92, 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 | 0.92 |
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 Mar 11, 2019 | 0.95 |
The correlation between TRD7.DE and TRDS.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
TRD7.DE vs. TRDS.DE — Risk / Return Rank
TRD7.DE
TRDS.DE
TRD7.DE vs. TRDS.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 US Treasury Bond UCITS ETF Dist (TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.24 | -0.08 |
| Martin ratioReturn relative to average drawdown | 0.41 | 0.60 | -0.19 |
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 | TRDS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.18 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.03 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.05 | +0.29 |
Drawdowns
TRD7.DE vs. TRDS.DE - Drawdown Comparison
The maximum TRD7.DE drawdown since its inception was -12.09%, smaller than the maximum TRDS.DE drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for TRD7.DE and TRDS.DE.
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Drawdown Indicators
| TRD7.DE | TRDS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.09% | -17.77% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -4.13% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -10.16% | -11.21% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | -13.10% | +2.80% |
Current DrawdownCurrent decline from peak | -6.97% | -14.15% | +7.18% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -10.46% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.68% | -0.03% |
Volatility
TRD7.DE vs. TRDS.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) is 0.76%, while Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) has a volatility of 0.93%. This indicates that TRD7.DE experiences smaller price fluctuations and is considered to be less risky than TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.93% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.90% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 5.61% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.68% | 8.04% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 7.80% | -0.49% |
TRD7.DE vs. TRDS.DE - Expense Ratio Comparison
Both TRD7.DE and TRDS.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRD7.DE vs. TRDS.DE - Dividend Comparison
TRD7.DE's dividend yield for the trailing twelve months is around 3.55%, less than TRDS.DE's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.65% | 3.76% | 3.83% | 3.58% | 1.90% | 0.94% | 1.47% | 1.48% |
Frequently Asked Questions
With a correlation of 0.92, TRD7.DE and TRDS.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.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRD7.DE and TRDS.DE have the same expense ratio: 0.06% per year.
TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index, while TRDS.DE tracks Bloomberg US Treasury Index.
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