TRDE.DE vs. VGTY.DE

Last updated Jul 4, 2026

TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, TRDE.DE returned -3.06%/yr vs 0.19%/yr for VGTY.DE. At a 0.41 correlation, their price movements are largely independent. TRDE.DE charges 0.10%/yr vs 0.05%/yr for VGTY.DE.

Performance

TRDE.DE vs. VGTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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 VGTY.DE's 2.87% 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*: —

VGTY.DE

• 1D: -0.05%
• 1M: 1.91%
• 6M: 2.81%
• YTD: 2.87%
• 1Y: 6.01%
• 3Y*: 1.47%
• 5Y*: 0.19%
• 10Y*: —

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

TRDE.DE vs. VGTY.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%
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing	2.87%	-5.53%	6.49%	0.32%	-6.92%	5.85%	-1.94%	6.94%

Correlation

The correlation between TRDE.DE and VGTY.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019	0.41

Over the past year, the correlation between TRDE.DE and VGTY.DE has dropped to 0.05 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

TRDE.DE vs. VGTY.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

VGTY.DE

VGTY.DE Risk / Return Rank: 34
VGTY.DE Sharpe Ratio Rank: 35
VGTY.DE Sortino Ratio Rank: 35
VGTY.DE Omega Ratio Rank: 34
VGTY.DE Calmar Ratio Rank: 34
VGTY.DE Martin Ratio Rank: 31

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. VGTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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	VGTY.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.09	-0.80
Sortino ratio: Return per unit of downside risk	0.45	1.64	-1.18
Omega ratio: Gain probability vs. loss probability	1.05	1.20	-0.15
Calmar ratio: Return relative to maximum drawdown	0.31	1.50	-1.19
Martin ratio: Return relative to average drawdown	0.80	3.90	-3.10

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

The current TRDE.DE Sharpe Ratio is 0.29, which is lower than the VGTY.DE Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of TRDE.DE and VGTY.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. VGTY.DE - Drawdown Comparison

The maximum TRDE.DE drawdown since its inception was -27.68%, which is greater than VGTY.DE's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and VGTY.DE.

Drawdown Indicators

	TRDE.DE	VGTY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.68%	-17.51%	-10.17%
Max Drawdown (1Y) Largest decline over 1 year	-4.14%	-3.98%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	-7.64%	-11.05%	+3.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.70%	-12.99%	-11.71%
Current Drawdown Current decline from peak	-19.64%	-11.40%	-8.24%
Average Drawdown Average peak-to-trough decline	-13.74%	-9.06%	-4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.54%	+0.09%

Volatility

TRDE.DE vs. VGTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a volatility of 1.57%. This indicates that TRDE.DE experiences smaller price fluctuations and is considered to be less risky than VGTY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRDE.DE	VGTY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.57%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	3.21%	3.81%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	4.48%	5.47%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.40%	7.99%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.87%	7.66%	-0.79%

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

TRDE.DE has a 0.10% expense ratio, which is higher than VGTY.DE's 0.05% 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. VGTY.DE - Dividend Comparison

TRDE.DE's dividend yield for the trailing twelve months is around 4.31%, more than VGTY.DE's 4.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%	0.00%
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing	4.19%	4.49%	3.94%	3.47%	2.14%	1.17%	1.67%	2.35%	2.28%	0.30%

Frequently Asked Questions

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

TRDE.DE and VGTY.DE have a correlation of 0.05, 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 VGTY.DE?

On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for TRDE.DE.

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

TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.10% for TRDE.DE and 0.05% for VGTY.DE.