TRDE.DE vs. XT01.DE
TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, TRDE.DE returned -3.30%/yr vs 4.09%/yr for XT01.DE. At a correlation of -0.24, they often move in opposite directions. TRDE.DE charges 0.10%/yr vs 0.06%/yr for XT01.DE.
Performance
TRDE.DE vs. XT01.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 XT01.DE's 4.62% 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*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.56%
- 6M
- 3.04%
- YTD
- 4.62%
- 1Y
- 5.20%
- 3Y*
- 3.95%
- 5Y*
- 4.09%
- 10Y*
- —
TRDE.DE vs. XT01.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 | -1.43% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | -1.65% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.62% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between TRDE.DE and XT01.DE is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.24 |
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Return for Risk
TRDE.DE vs. XT01.DE — Risk / Return Rank
TRDE.DE
XT01.DE
TRDE.DE vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.54 | -1.12 |
| Martin ratioReturn relative to average drawdown | 1.00 | 3.67 | -2.67 |
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Drawdowns
TRDE.DE vs. XT01.DE - Drawdown Comparison
The maximum TRDE.DE drawdown since its inception was -27.68%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for TRDE.DE and XT01.DE.
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Drawdown Indicators
| TRDE.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.68% | -11.68% | -16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -3.40% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -7.48% | -11.68% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -11.68% | -13.02% |
Current DrawdownCurrent decline from peak | -19.80% | -5.37% | -14.43% |
Average DrawdownAverage peak-to-trough decline | -13.77% | -4.91% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.43% | +0.31% |
Volatility
TRDE.DE vs. XT01.DE - Volatility Comparison
Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) has a higher volatility of 1.35% compared to Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) at 1.26%. This indicates that TRDE.DE's price experiences larger fluctuations and is considered to be riskier than XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.26% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 4.20% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 5.92% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 7.44% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.86% | 7.27% | -0.41% |
TRDE.DE vs. XT01.DE - Expense Ratio Comparison
TRDE.DE has a 0.10% expense ratio, which is higher than XT01.DE's 0.06% 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. XT01.DE - Dividend Comparison
TRDE.DE's dividend yield for the trailing twelve months is around 4.32%, while XT01.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% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRDE.DE and XT01.DE have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for TRDE.DE.
TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.10% for TRDE.DE and 0.06% for XT01.DE.
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