TRDL.DE vs. EXHC.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) are both Government Bonds funds - TRDL.DE tracks the Bloomberg US Long Treasury Index while EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 3 years, TRDL.DE returned -2.03%/yr vs 1.91%/yr for EXHC.DE. A 0.54 correlation means they provide meaningful diversification when combined. TRDL.DE charges 0.06%/yr vs 0.16%/yr for EXHC.DE.
Performance
TRDL.DE vs. EXHC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRDL.DE achieves a 1.01% return, which is significantly higher than EXHC.DE's -0.30% return.
TRDL.DE
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- -0.72%
- YTD
- 1.01%
- 1Y
- 4.69%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
EXHC.DE
- 1D
- 0.02%
- 1M
- -0.51%
- 6M
- -0.56%
- YTD
- -0.30%
- 1Y
- -0.29%
- 3Y*
- 1.91%
- 5Y*
- -1.04%
- 10Y*
- -0.68%
TRDL.DE vs. EXHC.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% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | -0.30% | 1.16% | 1.57% | 4.17% | -1.49% |
Correlation
The correlation between TRDL.DE and EXHC.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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.54 |
The correlation between TRDL.DE and EXHC.DE shifts across timeframes, from 0.40 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRDL.DE vs. EXHC.DE — Risk / Return Rank
TRDL.DE
EXHC.DE
TRDL.DE vs. EXHC.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 eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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 | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.98 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.14 | +0.87 |
| Martin ratioReturn relative to average drawdown | 1.55 | -0.32 | +1.87 |
Loading charts...
Drawdowns
TRDL.DE vs. EXHC.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -20.55%, which is greater than EXHC.DE's maximum drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and EXHC.DE.
Loading charts...
Drawdown Indicators
| TRDL.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -14.39% | -6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -2.06% | -4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -2.33% | -14.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.39% | — |
Current DrawdownCurrent decline from peak | -15.14% | -7.40% | -7.74% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -2.91% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.90% | +2.13% |
Volatility
TRDL.DE vs. EXHC.DE - Volatility Comparison
Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a higher volatility of 2.16% compared to iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.66%. This indicates that TRDL.DE's price experiences larger fluctuations and is considered to be riskier than EXHC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRDL.DE | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 0.66% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 2.11% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 2.43% | +6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 3.59% | +9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 2.77% | +10.34% |
TRDL.DE vs. EXHC.DE - Expense Ratio Comparison
TRDL.DE has a 0.06% expense ratio, which is lower than EXHC.DE's 0.16% 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. EXHC.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.89%, more than EXHC.DE's 1.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.41% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.89% | 4.88% | 4.70% | 3.09% | 0.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRDL.DE and EXHC.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, 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 0.16% for EXHC.DE.
TRDL.DE tracks Bloomberg US Long Treasury Index, while EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRDL.DE and 0.16% for EXHC.DE.
Find the right allocation for TRDL.DE and EXHC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer