TRDE.DE vs. T1EU.DE
TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds from Invesco - TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, TRDE.DE returned -3.06%/yr vs 1.40%/yr for T1EU.DE. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
TRDE.DE vs. T1EU.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 T1EU.DE's 0.83% 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*
- —
T1EU.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.74%
- YTD
- 0.83%
- 1Y
- 1.84%
- 3Y*
- 2.74%
- 5Y*
- 1.40%
- 10Y*
- —
TRDE.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | -0.93% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.83% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between TRDE.DE and T1EU.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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | 0.24 |
The correlation between TRDE.DE and T1EU.DE shifts across timeframes, from 0.13 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRDE.DE vs. T1EU.DE — Risk / Return Rank
TRDE.DE
T1EU.DE
TRDE.DE vs. T1EU.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 US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.62 | -3.31 |
| Martin ratioReturn relative to average drawdown | 0.80 | 17.64 | -16.85 |
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Drawdowns
TRDE.DE vs. T1EU.DE - Drawdown Comparison
The maximum TRDE.DE drawdown since its inception was -27.68%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and T1EU.DE.
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Drawdown Indicators
| TRDE.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -3.20% | -24.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -0.51% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.64% | -0.51% | -7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -2.36% | -22.34% |
Current DrawdownCurrent decline from peak | -19.64% | 0.00% | -19.64% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -0.86% | -12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 0.10% | +1.53% |
Volatility
TRDE.DE vs. T1EU.DE - Volatility Comparison
Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) has a higher volatility of 1.24% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.10%. This indicates that TRDE.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.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 | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.10% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 1.12% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 1.45% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 0.80% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 0.73% | +6.14% |
TRDE.DE vs. T1EU.DE - Expense Ratio Comparison
Both TRDE.DE and T1EU.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRDE.DE vs. T1EU.DE - Dividend Comparison
TRDE.DE's dividend yield for the trailing twelve months is around 4.31%, while T1EU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 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 T1EU.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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRDE.DE and T1EU.DE have the same expense ratio: 0.10% per year.
TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while T1EU.DE tracks Bloomberg US Treasury Coupons Index.
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