TRD7.DE vs. VAGT.DE
TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - TRD7.DE tracks the Bloomberg US 3-7 Year Treasury Bond Index while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, TRD7.DE returned 2.16%/yr vs 0.08%/yr for VAGT.DE. Their correlation of 0.94 suggests significant overlap in exposure. TRD7.DE charges 0.06%/yr vs 0.05%/yr for VAGT.DE.
Performance
TRD7.DE vs. VAGT.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 VAGT.DE's 1.07% 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*
- —
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.83%
- YTD
- 1.07%
- 6M
- 0.30%
- 1Y
- 1.62%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
TRD7.DE vs. VAGT.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% | 3.92% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
Correlation
The correlation between TRD7.DE and VAGT.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.94 |
The correlation between TRD7.DE and VAGT.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
TRD7.DE vs. VAGT.DE — Risk / Return Rank
TRD7.DE
VAGT.DE
TRD7.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.40 | -0.24 |
| Martin ratioReturn relative to average drawdown | 0.41 | 1.00 | -0.59 |
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 | VAGT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.29 | -0.17 |
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 | 0.05 | +0.29 |
Drawdowns
TRD7.DE vs. VAGT.DE - Drawdown Comparison
The maximum TRD7.DE drawdown since its inception was -12.09%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for TRD7.DE and VAGT.DE.
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Drawdown Indicators
| TRD7.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.09% | -11.03% | -1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -4.00% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -10.16% | -11.03% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -10.30% | — | — |
Current DrawdownCurrent decline from peak | -6.97% | -7.21% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -5.04% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.61% | +0.04% |
Volatility
TRD7.DE vs. VAGT.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) is 0.76%, while Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) has a volatility of 0.86%. This indicates that TRD7.DE experiences smaller price fluctuations and is considered to be less risky than VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.86% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 3.76% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 5.49% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.68% | 7.33% | +0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 7.33% | -0.02% |
TRD7.DE vs. VAGT.DE - Expense Ratio Comparison
TRD7.DE has a 0.06% expense ratio, which is higher than VAGT.DE's 0.05% expense ratio. However, 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. VAGT.DE - Dividend Comparison
TRD7.DE's dividend yield for the trailing twelve months is around 3.55%, while VAGT.DE has not paid dividends to shareholders.
| 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% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, TRD7.DE and VAGT.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, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRD7.DE.
TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.06% for TRD7.DE and 0.05% for VAGT.DE.
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