TRDE.DE vs. FWIA.DE
TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and FWIA.DE (Invesco FTSE All-World 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 FWIA.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 17.66%/yr for FWIA.DE. At a 0.01 correlation, their price movements are largely independent. TRDE.DE charges 0.10%/yr vs 0.15%/yr for FWIA.DE.
Performance
TRDE.DE vs. FWIA.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 FWIA.DE's 13.31% 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*
- —
FWIA.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 13.60%
- YTD
- 13.31%
- 1Y
- 25.60%
- 3Y*
- 17.66%
- 5Y*
- —
- 10Y*
- —
TRDE.DE vs. FWIA.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% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 13.31% | 9.02% | 24.70% | 7.98% |
Correlation
The correlation between TRDE.DE and FWIA.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.01 |
The correlation between TRDE.DE and FWIA.DE shifts across timeframes, from 0.01 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDE.DE vs. FWIA.DE — Risk / Return Rank
TRDE.DE
FWIA.DE
TRDE.DE vs. FWIA.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 Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.41 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.96 | -3.65 |
| Martin ratioReturn relative to average drawdown | 0.80 | 15.76 | -14.96 |
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Drawdowns
TRDE.DE vs. FWIA.DE - Drawdown Comparison
The maximum TRDE.DE drawdown since its inception was -27.68%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and FWIA.DE.
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Drawdown Indicators
| TRDE.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -20.96% | -6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -6.49% | +2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -7.64% | -20.96% | +13.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | — | — |
Current DrawdownCurrent decline from peak | -19.64% | -0.72% | -18.92% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -2.40% | -11.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.63% | 0.00% |
Volatility
TRDE.DE vs. FWIA.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 Acc (FWIA.DE) has a volatility of 3.57%. This indicates that TRDE.DE experiences smaller price fluctuations and is considered to be less risky than FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.57% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 8.64% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 11.71% | -7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 13.18% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 13.18% | -6.31% |
TRDE.DE vs. FWIA.DE - Expense Ratio Comparison
TRDE.DE has a 0.10% expense ratio, which is lower than FWIA.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%.
Dividends
TRDE.DE vs. FWIA.DE - Dividend Comparison
TRDE.DE's dividend yield for the trailing twelve months is around 4.31%, while FWIA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FWIA.DE Invesco FTSE All-World 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 FWIA.DE have a correlation of 0.13, 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 0.15% for FWIA.DE.
TRDE.DE is categorized as Government Bonds, while FWIA.DE is Global Equities. TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while FWIA.DE tracks FTSE All-World Index. Their fees differ too: 0.10% for TRDE.DE and 0.15% for FWIA.DE.
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