TRDE.DE vs. FWEA.DE

Last updated Jul 4, 2026

TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg 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 FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, TRDE.DE returned 1.18%/yr vs 17.71%/yr for FWEA.DE. At a 0.12 correlation, their price movements are largely independent. TRDE.DE charges 0.10%/yr vs 0.20%/yr for FWEA.DE.

Performance

TRDE.DE vs. FWEA.DE - Performance Comparison

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

Returns By Period

In the year-to-date period, TRDE.DE achieves a -1.23% return, which is significantly lower than FWEA.DE's 10.02% 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*: —

FWEA.DE

• 1D: 0.00%
• 1M: -0.80%
• 6M: 10.26%
• YTD: 10.02%
• 1Y: 21.71%
• 3Y*: 17.71%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist	-1.23%	6.20%	-2.34%	0.16%
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	10.02%	17.53%	19.21%	8.62%

Correlation

The correlation between TRDE.DE and FWEA.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.12

The correlation between TRDE.DE and FWEA.DE shifts across timeframes, from 0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

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

TRDE.DE

TRDE.DE Risk / Return Rank: 12
TRDE.DE Sharpe Ratio Rank: 13
TRDE.DE Sortino Ratio Rank: 12
TRDE.DE Omega Ratio Rank: 11
TRDE.DE Calmar Ratio Rank: 13
TRDE.DE Martin Ratio Rank: 13

FWEA.DE

FWEA.DE Risk / Return Rank: 70
FWEA.DE Sharpe Ratio Rank: 69
FWEA.DE Sortino Ratio Rank: 75
FWEA.DE Omega Ratio Rank: 70
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 71

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.

TRDE.DE vs. FWEA.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 FTSE All-World UCITS ETF EUR PfHdg Acc (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.

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	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.83	-1.54
Sortino ratio: Return per unit of downside risk	0.45	2.75	-2.29
Omega ratio: Gain probability vs. loss probability	1.05	1.34	-0.29
Calmar ratio: Return relative to maximum drawdown	0.31	2.62	-2.31
Martin ratio: Return relative to average drawdown	0.80	10.72	-9.92

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

The current TRDE.DE Sharpe Ratio is 0.29, which is lower than the FWEA.DE Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of TRDE.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.

Drawdowns

TRDE.DE vs. FWEA.DE - Drawdown Comparison

The maximum TRDE.DE drawdown since its inception was -27.68%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and FWEA.DE.

Drawdown Indicators

	TRDE.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.68%	-17.48%	-10.20%
Max Drawdown (1Y) Largest decline over 1 year	-4.14%	-8.28%	+4.14%
Max Drawdown (3Y) Largest decline over 3 years	-7.64%	-17.48%	+9.84%
Max Drawdown (5Y) Largest decline over 5 years	-24.70%	—	—
Current Drawdown Current decline from peak	-19.64%	-1.37%	-18.27%
Average Drawdown Average peak-to-trough decline	-13.74%	-1.86%	-11.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.03%	-0.40%

Volatility

TRDE.DE vs. FWEA.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 FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a volatility of 3.88%. This indicates that TRDE.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

	TRDE.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	3.88%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	3.21%	9.49%	-6.28%
Volatility (1Y) Calculated over the trailing 1-year period	4.48%	11.88%	-7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.40%	12.75%	-5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.87%	12.75%	-5.88%

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

TRDE.DE has a 0.10% 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

TRDE.DE vs. FWEA.DE - Dividend Comparison

TRDE.DE's dividend yield for the trailing twelve months is around 4.31%, 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 EUR PfHdg 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

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

TRDE.DE and FWEA.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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.

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

TRDE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for FWEA.DE.

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

TRDE.DE is categorized as Government Bonds, while FWEA.DE is Global Equities. TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.10% for TRDE.DE and 0.20% for FWEA.DE.