TRDE.DE vs. EQQX.DE
TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - TRDE.DE is a Government Bonds fund tracking the Bloomberg U.S. Treasury 7-10 Year Total Return Index, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, TRDE.DE returned -3.06%/yr vs 16.51%/yr for EQQX.DE. At a correlation of -0.02, they often move in opposite directions. TRDE.DE charges 0.10%/yr vs 0.20%/yr for EQQX.DE.
Performance
TRDE.DE vs. EQQX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRDE.DE achieves a -1.23% return, which is significantly lower than EQQX.DE's 19.18% return.
TRDE.DE
- 1D
- -0.03%
- 1M
- 0.31%
- 6M
- -1.07%
- YTD
- -1.23%
- 1Y
- 1.30%
- 3Y*
- 1.18%
- 5Y*
- -3.06%
- 10Y*
- —
EQQX.DE
- 1D
- 0.00%
- 1M
- -2.00%
- 6M
- 20.51%
- YTD
- 19.18%
- 1Y
- 33.29%
- 3Y*
- 23.42%
- 5Y*
- 16.51%
- 10Y*
- —
TRDE.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.23% | 6.20% | -2.34% | 1.23% | -17.08% | 1.21% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 19.18% | 7.13% | 33.88% | 51.62% | -29.90% | 24.77% |
Correlation
The correlation between TRDE.DE and EQQX.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | -0.02 |
The correlation between TRDE.DE and EQQX.DE shifts across timeframes, from -0.03 (3 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDE.DE vs. EQQX.DE — Risk / Return Rank
TRDE.DE
EQQX.DE
TRDE.DE vs. EQQX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRDE.DE | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.66 | -1.34 |
| Martin ratioReturn relative to average drawdown | 0.80 | 3.16 | -2.36 |
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Drawdowns
TRDE.DE vs. EQQX.DE - Drawdown Comparison
The maximum TRDE.DE drawdown since its inception was -27.68%, smaller than the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and EQQX.DE.
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Drawdown Indicators
| TRDE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -31.17% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -20.09% | +15.95% |
Max Drawdown (3Y)Largest decline over 3 years | -7.64% | -26.80% | +19.16% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -31.17% | +6.47% |
Current DrawdownCurrent decline from peak | -19.64% | -2.51% | -17.13% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -8.93% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 10.54% | -8.91% |
Volatility
TRDE.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) is 1.24%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 6.60%. This indicates that TRDE.DE experiences smaller price fluctuations and is considered to be less risky than EQQX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRDE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 6.60% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 12.32% | -9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 27.34% | -22.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 22.18% | -14.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 21.94% | -15.07% |
TRDE.DE vs. EQQX.DE - Expense Ratio Comparison
TRDE.DE has a 0.10% expense ratio, which is lower than EQQX.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
TRDE.DE vs. EQQX.DE - Dividend Comparison
TRDE.DE's dividend yield for the trailing twelve months is around 4.31%, while EQQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.31% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% |
Frequently Asked Questions
TRDE.DE and EQQX.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for EQQX.DE.
TRDE.DE is categorized as Government Bonds, while EQQX.DE is Nasdaq-100. TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.10% for TRDE.DE and 0.20% for EQQX.DE.
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