TRDL.DE vs. DJAD.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and DJAD.DE (Amundi US Treasury Bond Long Dated UCITS ETF Dist) are both Government Bonds funds tracking the Bloomberg US Long Treasury Index, from Invesco and Amundi respectively. Both are passively managed. Over the past 3 years, TRDL.DE returned -2.03%/yr vs -1.76%/yr for DJAD.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.06% expense ratio.
Performance
TRDL.DE vs. DJAD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TRDL.DE having a 5.04% return and DJAD.DE slightly lower at 4.92%.
TRDL.DE
- 1D
- 0.00%
- 1M
- 5.19%
- YTD
- 5.04%
- 6M
- 5.41%
- 1Y
- 7.57%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
DJAD.DE
- 1D
- -0.14%
- 1M
- 5.08%
- YTD
- 4.92%
- 6M
- 5.35%
- 1Y
- 7.45%
- 3Y*
- -1.76%
- 5Y*
- -4.26%
- 10Y*
- -3.11%
TRDL.DE vs. DJAD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 5.04% | -6.13% | -0.85% | -1.72% | -4.67% |
DJAD.DE Amundi US Treasury Bond Long Dated UCITS ETF Dist | 4.92% | -6.15% | -0.86% | -0.75% | -6.17% |
Correlation
The correlation between TRDL.DE and DJAD.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.99 |
The correlation between TRDL.DE and DJAD.DE has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
TRDL.DE vs. DJAD.DE — Risk / Return Rank
TRDL.DE
DJAD.DE
TRDL.DE vs. DJAD.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 Amundi US Treasury Bond Long Dated UCITS ETF Dist (DJAD.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.
| TRDL.DE | DJAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.16 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.56 | 2.51 | +0.04 |
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Drawdowns
TRDL.DE vs. DJAD.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -20.55%, smaller than the maximum DJAD.DE drawdown of -44.43%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and DJAD.DE.
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Drawdown Indicators
| TRDL.DE | DJAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -44.43% | +23.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.38% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -16.68% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.43% | — |
Current DrawdownCurrent decline from peak | -11.75% | -38.25% | +26.50% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -17.81% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.96% | +0.01% |
Volatility
TRDL.DE vs. DJAD.DE - Volatility Comparison
Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) and Amundi US Treasury Bond Long Dated UCITS ETF Dist (DJAD.DE) have volatilities of 2.33% and 2.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRDL.DE | DJAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.37% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.33% | 6.05% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.08% | 8.94% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 14.22% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 14.02% | -0.82% |
TRDL.DE vs. DJAD.DE - Expense Ratio Comparison
Both TRDL.DE and DJAD.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRDL.DE vs. DJAD.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.70%, more than DJAD.DE's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DJAD.DE Amundi US Treasury Bond Long Dated UCITS ETF Dist | 3.33% | 3.50% | 3.53% | 2.88% | 3.36% | 2.22% | 2.38% | 2.87% | 3.22% | 2.75% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.70% | 4.88% | 4.70% | 3.09% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, TRDL.DE and DJAD.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRDL.DE and DJAD.DE have the same expense ratio: 0.06% per year.
Both ETFs track Bloomberg US Long Treasury Index. They also come from different issuers: Invesco and Amundi.
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