TRDL.DE vs. FWEA.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - TRDL.DE is a Government Bonds fund tracking the Bloomberg US Long Treasury Index, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, TRDL.DE returned 1.59% vs 26.40% for FWEA.DE. At a 0.03 correlation, their price movements are largely independent. TRDL.DE charges 0.06%/yr vs 0.20%/yr for FWEA.DE.
Performance
TRDL.DE vs. FWEA.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 FWEA.DE's 10.64% return.
TRDL.DE
- 1D
- 0.19%
- 1M
- 1.37%
- YTD
- 0.56%
- 6M
- -0.99%
- 1Y
- 1.59%
- 3Y*
- -4.02%
- 5Y*
- —
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 4.41%
- YTD
- 10.64%
- 6M
- 11.85%
- 1Y
- 26.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRDL.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 0.56% | -6.69% | -1.18% | -3.89% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between TRDL.DE and FWEA.DE is 0.08, 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.03 |
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Return for Risk
TRDL.DE vs. FWEA.DE — Risk / Return Rank
TRDL.DE
FWEA.DE
TRDL.DE vs. FWEA.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 Invesco FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 3.18 | -2.94 |
| Martin ratioReturn relative to average drawdown | 0.51 | 13.52 | -13.01 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 2.30 | -2.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 1.51 | -1.80 |
Drawdowns
TRDL.DE vs. FWEA.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -21.20%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and FWEA.DE.
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Drawdown Indicators
| TRDL.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.20% | -17.48% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -8.28% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | — | — |
Current DrawdownCurrent decline from peak | -16.50% | -0.81% | -15.69% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -1.86% | -9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.95% | +1.14% |
Volatility
TRDL.DE vs. FWEA.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) is 2.50%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 3.36%. This indicates that TRDL.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.36% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 8.93% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.00% | 11.45% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 12.72% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 12.72% | +0.42% |
TRDL.DE vs. FWEA.DE - Expense Ratio Comparison
TRDL.DE has a 0.06% expense ratio, which is lower than FWEA.DE's 0.20% 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. FWEA.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.15%, while FWEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF | 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 FWEA.DE have a correlation of 0.08, 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 0.20% for FWEA.DE.
TRDL.DE is categorized as Government Bonds, while FWEA.DE is Global Equities. TRDL.DE tracks Bloomberg US Long Treasury Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.06% for TRDL.DE and 0.20% for FWEA.DE.
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