TRDE.DE vs. IBCC.DE
TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, TRDE.DE returned -3.06%/yr vs 4.17%/yr for IBCC.DE. At a correlation of -0.20, they often move in opposite directions. TRDE.DE charges 0.10%/yr vs 0.07%/yr for IBCC.DE.
Performance
TRDE.DE vs. IBCC.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 IBCC.DE's 4.60% 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*
- —
IBCC.DE
- 1D
- 0.23%
- 1M
- 1.87%
- 6M
- 4.60%
- YTD
- 4.60%
- 1Y
- 6.83%
- 3Y*
- 3.02%
- 5Y*
- 4.17%
- 10Y*
- —
TRDE.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.23% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | 8.23% | 4.48% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | 3.04% |
Correlation
The correlation between TRDE.DE and IBCC.DE is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | -0.20 |
The correlation between TRDE.DE and IBCC.DE shifts across timeframes, from -0.31 (1 year) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRDE.DE vs. IBCC.DE — Risk / Return Rank
TRDE.DE
IBCC.DE
TRDE.DE vs. IBCC.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 iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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 | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 2.10 | -1.79 |
| Martin ratioReturn relative to average drawdown | 0.80 | 4.78 | -3.98 |
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Drawdowns
TRDE.DE vs. IBCC.DE - Drawdown Comparison
The maximum TRDE.DE drawdown since its inception was -27.68%, which is greater than IBCC.DE's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and IBCC.DE.
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Drawdown Indicators
| TRDE.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -16.17% | -11.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -3.24% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.64% | -11.59% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -11.69% | -13.01% |
Current DrawdownCurrent decline from peak | -19.64% | -5.33% | -14.31% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -7.99% | -5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.43% | +0.20% |
Volatility
TRDE.DE vs. IBCC.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 iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) has a volatility of 1.88%. This indicates that TRDE.DE experiences smaller price fluctuations and is considered to be less risky than IBCC.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 | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.88% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 4.35% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 6.23% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 7.57% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 8.43% | -1.56% |
TRDE.DE vs. IBCC.DE - Expense Ratio Comparison
TRDE.DE has a 0.10% expense ratio, which is higher than IBCC.DE's 0.07% 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
TRDE.DE vs. IBCC.DE - Dividend Comparison
TRDE.DE's dividend yield for the trailing twelve months is around 4.31%, more than IBCC.DE's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
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 IBCC.DE have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCC.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCC.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for TRDE.DE.
TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for TRDE.DE and 0.07% for IBCC.DE.
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