TRDL.DE vs. EXVM.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and EXVM.DE (iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE)) are both Government Bonds funds - TRDL.DE tracks the Bloomberg US Long Treasury Index while EXVM.DE tracks the eb.rexx Government Germany 0-1 Index. Both are passively managed. Over the past 3 years, TRDL.DE returned -2.03%/yr vs 2.59%/yr for EXVM.DE. At a 0.08 correlation, their price movements are largely independent. TRDL.DE charges 0.06%/yr vs 0.13%/yr for EXVM.DE.
Performance
TRDL.DE vs. EXVM.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 EXVM.DE's 0.82% return.
TRDL.DE
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- -0.72%
- YTD
- 1.01%
- 1Y
- 4.69%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
EXVM.DE
- 1D
- -0.03%
- 1M
- 0.16%
- 6M
- 0.84%
- YTD
- 0.82%
- 1Y
- 1.67%
- 3Y*
- 2.59%
- 5Y*
- 1.44%
- 10Y*
- 0.30%
TRDL.DE vs. EXVM.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% |
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 0.82% | 2.06% | 3.37% | 2.36% | 0.08% |
Correlation
The correlation between TRDL.DE and EXVM.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.08 |
The correlation between TRDL.DE and EXVM.DE shifts across timeframes, from -0.05 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRDL.DE vs. EXVM.DE — Risk / Return Rank
TRDL.DE
EXVM.DE
TRDL.DE vs. EXVM.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 0-1yr UCITS ETF (DE) (EXVM.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 | EXVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -4.37 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.68 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 14.11 | -13.38 |
| Martin ratioReturn relative to average drawdown | 1.55 | 54.31 | -52.76 |
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Drawdowns
TRDL.DE vs. EXVM.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -20.55%, which is greater than EXVM.DE's maximum drawdown of -6.33%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and EXVM.DE.
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Drawdown Indicators
| TRDL.DE | EXVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -6.33% | -14.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -0.12% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -0.13% | -16.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.60% | — |
Current DrawdownCurrent decline from peak | -15.14% | -0.03% | -15.11% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -1.75% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.03% | +3.00% |
Volatility
TRDL.DE vs. EXVM.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 0-1yr UCITS ETF (DE) (EXVM.DE) at 0.12%. This indicates that TRDL.DE's price experiences larger fluctuations and is considered to be riskier than EXVM.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 | EXVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 0.12% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 0.36% | +5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 0.53% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 0.51% | +12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 0.79% | +12.32% |
TRDL.DE vs. EXVM.DE - Expense Ratio Comparison
TRDL.DE has a 0.06% expense ratio, which is lower than EXVM.DE's 0.13% 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. EXVM.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.89%, more than EXVM.DE's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXVM.DE iShares eb.rexx Government Germany 0-1yr UCITS ETF (DE) | 1.06% | 1.14% | 0.77% | 0.80% | 0.61% | 0.78% | 0.96% | 1.10% | 1.05% | 1.15% | 1.51% | 1.63% |
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 EXVM.DE have a correlation of -0.05, 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 0.13% for EXVM.DE.
TRDL.DE tracks Bloomberg US Long Treasury Index, while EXVM.DE tracks eb.rexx Government Germany 0-1 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRDL.DE and 0.13% for EXVM.DE.
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