TRDL.DE vs. BBTR.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and BBTR.DE (JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc)) are both Government Bonds funds - TRDL.DE tracks the Bloomberg US Long Treasury Index while BBTR.DE tracks the J.P. Morgan Government Bond US Index. Both are passively managed. Over the past 3 years, TRDL.DE returned -4.02%/yr vs -0.04%/yr for BBTR.DE. A 0.80 correlation means they provide meaningful diversification when combined. TRDL.DE charges 0.06%/yr vs 0.07%/yr for BBTR.DE.
Performance
TRDL.DE vs. BBTR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRDL.DE achieves a 0.56% return, which is significantly lower than BBTR.DE's 1.03% return.
TRDL.DE
- 1D
- 0.19%
- 1M
- 1.37%
- YTD
- 0.56%
- 6M
- -0.99%
- 1Y
- 1.59%
- 3Y*
- -4.02%
- 5Y*
- —
- 10Y*
- —
BBTR.DE
- 1D
- 0.12%
- 1M
- 0.84%
- YTD
- 1.03%
- 6M
- 0.24%
- 1Y
- 1.67%
- 3Y*
- -0.04%
- 5Y*
- 0.35%
- 10Y*
- —
TRDL.DE vs. BBTR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 0.56% | -6.69% | -1.18% | -1.92% | -4.24% |
BBTR.DE JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 1.03% | -5.45% | 6.15% | 0.23% | -5.89% |
Correlation
The correlation between TRDL.DE and BBTR.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.80 |
The correlation between TRDL.DE and BBTR.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
TRDL.DE vs. BBTR.DE — Risk / Return Rank
TRDL.DE
BBTR.DE
TRDL.DE vs. BBTR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) and JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.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.
| TRDL.DE | BBTR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.41 | -0.18 |
| Martin ratioReturn relative to average drawdown | 0.51 | 1.02 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRDL.DE | BBTR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.30 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.05 | -0.33 |
Drawdowns
TRDL.DE vs. BBTR.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -21.20%, which is greater than BBTR.DE's maximum drawdown of -17.63%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and BBTR.DE.
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Drawdown Indicators
| TRDL.DE | BBTR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.20% | -17.63% | -3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -4.05% | -2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | -11.14% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.20% | — |
Current DrawdownCurrent decline from peak | -16.50% | -13.35% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -10.31% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.63% | +1.46% |
Volatility
TRDL.DE vs. BBTR.DE - Volatility Comparison
Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a higher volatility of 2.50% compared to JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) (BBTR.DE) at 0.94%. This indicates that TRDL.DE's price experiences larger fluctuations and is considered to be riskier than BBTR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRDL.DE | BBTR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 0.94% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 3.82% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.00% | 5.52% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 8.19% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 8.07% | +5.07% |
TRDL.DE vs. BBTR.DE - Expense Ratio Comparison
TRDL.DE has a 0.06% expense ratio, which is lower than BBTR.DE's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TRDL.DE vs. BBTR.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.15%, while BBTR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BBTR.DE JPMorgan BetaBuilders US Treasury Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.15% | 4.26% | 4.36% | 2.87% | 0.51% |
Frequently Asked Questions
TRDL.DE and BBTR.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDL.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDL.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for BBTR.DE.
TRDL.DE tracks Bloomberg US Long Treasury Index, while BBTR.DE tracks J.P. Morgan Government Bond US Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.06% for TRDL.DE and 0.07% for BBTR.DE.
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