TRDE.DE vs. IQSA.DE
TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD 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 IQSA.DE is a Global Equities fund actively managed by Invesco. TRDE.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, TRDE.DE returned -3.06%/yr vs 15.34%/yr for IQSA.DE. At a correlation of -0.13, they often move in opposite directions. TRDE.DE charges 0.10%/yr vs 0.30%/yr for IQSA.DE.
Performance
TRDE.DE vs. IQSA.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 IQSA.DE's 18.17% 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*
- —
IQSA.DE
- 1D
- 0.41%
- 1M
- 2.82%
- 6M
- 18.46%
- YTD
- 18.17%
- 1Y
- 32.16%
- 3Y*
- 21.64%
- 5Y*
- 15.34%
- 10Y*
- —
TRDE.DE vs. IQSA.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% | 0.47% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 18.17% | 9.64% | 29.92% | 20.23% | -9.31% | 35.68% | 0.13% | -2.66% |
Correlation
The correlation between TRDE.DE and IQSA.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | -0.13 |
The correlation between TRDE.DE and IQSA.DE shifts across timeframes, from -0.13 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDE.DE vs. IQSA.DE — Risk / Return Rank
TRDE.DE
IQSA.DE
TRDE.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.47 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 5.16 | -4.85 |
| Martin ratioReturn relative to average drawdown | 0.80 | 21.31 | -20.51 |
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Drawdowns
TRDE.DE vs. IQSA.DE - Drawdown Comparison
The maximum TRDE.DE drawdown since its inception was -27.68%, smaller than the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and IQSA.DE.
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Drawdown Indicators
| TRDE.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -34.12% | +6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -6.20% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.64% | -21.35% | +13.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -21.35% | -3.35% |
Current DrawdownCurrent decline from peak | -19.64% | -0.65% | -18.99% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -4.76% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.51% | +0.12% |
Volatility
TRDE.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.46%. This indicates that TRDE.DE experiences smaller price fluctuations and is considered to be less risky than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 3.46% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 9.12% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 12.47% | -7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 14.76% | -7.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 17.21% | -10.34% |
TRDE.DE vs. IQSA.DE - Expense Ratio Comparison
TRDE.DE has a 0.10% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
TRDE.DE vs. IQSA.DE - Dividend Comparison
TRDE.DE's dividend yield for the trailing twelve months is around 4.31%, while IQSA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD 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 IQSA.DE have a correlation of 0.17, 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 0.30% for IQSA.DE.
TRDE.DE is categorized as Government Bonds, while IQSA.DE is Global Equities. Their fees differ too: 0.10% for TRDE.DE and 0.30% for IQSA.DE.
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