TRDE.DE vs. VX6F.DE
TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) are both Government Bonds funds - TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index. Both are passively managed. Over the past 5 years, TRDE.DE returned -3.30%/yr vs -2.60%/yr for VX6F.DE. A 0.67 correlation means they provide meaningful diversification when combined. TRDE.DE charges 0.10%/yr vs 0.05%/yr for VX6F.DE.
Performance
TRDE.DE vs. VX6F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRDE.DE achieves a -1.43% return, which is significantly lower than VX6F.DE's 1.47% return.
TRDE.DE
- 1D
- 0.43%
- 1M
- -0.30%
- 6M
- -1.18%
- YTD
- -1.43%
- 1Y
- 1.75%
- 3Y*
- 0.80%
- 5Y*
- -3.30%
- 10Y*
- —
VX6F.DE
- 1D
- 0.00%
- 1M
- 0.80%
- 6M
- 0.07%
- YTD
- 1.47%
- 1Y
- 4.31%
- 3Y*
- 2.69%
- 5Y*
- -2.60%
- 10Y*
- —
TRDE.DE vs. VX6F.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 | -1.43% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | 8.23% | 4.48% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 1.47% | 0.53% | -0.19% | 18.92% | -26.90% | -5.30% | 9.59% | 5.19% |
Correlation
The correlation between TRDE.DE and VX6F.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.67 |
Over the past year, the correlation between TRDE.DE and VX6F.DE has dropped to 0.40 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
TRDE.DE vs. VX6F.DE — Risk / Return Rank
TRDE.DE
VX6F.DE
TRDE.DE vs. VX6F.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 U.K. Gilt UCITS ETF GBP Accumulation (VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.10 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.81 | -0.39 |
| Martin ratioReturn relative to average drawdown | 1.00 | 2.49 | -1.49 |
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Drawdowns
TRDE.DE vs. VX6F.DE - Drawdown Comparison
The maximum TRDE.DE drawdown since its inception was -27.68%, smaller than the maximum VX6F.DE drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and VX6F.DE.
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Drawdown Indicators
| TRDE.DE | VX6F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -38.93% | +11.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -5.35% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -9.02% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -36.83% | +12.13% |
Current DrawdownCurrent decline from peak | -19.80% | -18.27% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -13.77% | -14.85% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.74% | 0.00% |
Volatility
TRDE.DE vs. VX6F.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) is 1.35%, while Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) has a volatility of 2.26%. This indicates that TRDE.DE experiences smaller price fluctuations and is considered to be less risky than VX6F.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 | VX6F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 2.26% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 6.34% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 7.89% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 12.95% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 12.04% | -5.18% |
TRDE.DE vs. VX6F.DE - Expense Ratio Comparison
TRDE.DE has a 0.10% expense ratio, which is higher than VX6F.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. VX6F.DE - Dividend Comparison
TRDE.DE's dividend yield for the trailing twelve months is around 4.32%, while VX6F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.32% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% |
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation | 0.00% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRDE.DE and VX6F.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VX6F.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VX6F.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for TRDE.DE.
TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while VX6F.DE tracks Bloomberg Sterling Gilt 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 VX6F.DE.
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