TRDL.DE vs. EUN6.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and EUN6.DE (iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist)) are both Government Bonds funds - TRDL.DE tracks the Bloomberg US Long Treasury Index while EUN6.DE tracks the Bloomberg Euro Short Treasury (0-12 Month) Bond Index. Both are passively managed. Over the past 3 years, TRDL.DE returned -2.03%/yr vs 2.47%/yr for EUN6.DE. At a 0.18 correlation, their price movements are largely independent. TRDL.DE charges 0.06%/yr vs 0.07%/yr for EUN6.DE.
Performance
TRDL.DE vs. EUN6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRDL.DE achieves a 1.01% return, which is significantly higher than EUN6.DE's 0.06% return.
TRDL.DE
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- -0.72%
- YTD
- 1.01%
- 1Y
- 4.69%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
EUN6.DE
- 1D
- -0.01%
- 1M
- 0.18%
- 6M
- 0.83%
- YTD
- 0.06%
- 1Y
- 0.85%
- 3Y*
- 2.47%
- 5Y*
- 1.42%
- 10Y*
- 0.40%
TRDL.DE vs. EUN6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 1.01% | -6.13% | -0.85% | -1.72% | -4.67% |
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 0.06% | 2.16% | 3.57% | 2.74% | 0.07% |
Correlation
The correlation between TRDL.DE and EUN6.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.18 |
The correlation between TRDL.DE and EUN6.DE shifts across timeframes, from 0.14 (3 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDL.DE vs. EUN6.DE — Risk / Return Rank
TRDL.DE
EUN6.DE
TRDL.DE vs. EUN6.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 iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.29 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.87 | -0.14 |
| Martin ratioReturn relative to average drawdown | 1.55 | 1.90 | -0.35 |
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Drawdowns
TRDL.DE vs. EUN6.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -20.55%, which is greater than EUN6.DE's maximum drawdown of -4.94%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and EUN6.DE.
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Drawdown Indicators
| TRDL.DE | EUN6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -4.94% | -15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -0.98% | -5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -0.98% | -15.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.51% | — |
Current DrawdownCurrent decline from peak | -15.14% | -0.08% | -15.06% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -1.32% | -10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.44% | +2.59% |
Volatility
TRDL.DE vs. EUN6.DE - Volatility Comparison
Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a higher volatility of 2.16% compared to iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) (EUN6.DE) at 0.11%. This indicates that TRDL.DE's price experiences larger fluctuations and is considered to be riskier than EUN6.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 | EUN6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 0.11% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 0.57% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 1.17% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 0.80% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 0.70% | +12.41% |
TRDL.DE vs. EUN6.DE - Expense Ratio Comparison
TRDL.DE has a 0.06% expense ratio, which is lower than EUN6.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. EUN6.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.89%, more than EUN6.DE's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EUN6.DE iShares € Govt Bond 0-1yr UCITS ETF EUR (Dist) | 0.96% | 2.79% | 2.18% | 0.00% | 0.00% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.89% | 4.88% | 4.70% | 3.09% | 0.54% |
Frequently Asked Questions
TRDL.DE and EUN6.DE have a correlation of 0.25, 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 EUN6.DE.
TRDL.DE tracks Bloomberg US Long Treasury Index, while EUN6.DE tracks Bloomberg Euro Short Treasury (0-12 Month) Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRDL.DE and 0.07% for EUN6.DE.
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