TRDL.DE vs. IQSA.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - TRDL.DE is a Government Bonds fund tracking the Bloomberg US Long Treasury Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. TRDL.DE is passively managed, while IQSA.DE is actively managed. Over the past 3 years, TRDL.DE returned -4.02%/yr vs 22.03%/yr for IQSA.DE. At a 0.10 correlation, their price movements are largely independent. TRDL.DE charges 0.06%/yr vs 0.30%/yr for IQSA.DE.
Performance
TRDL.DE vs. IQSA.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 IQSA.DE's 14.81% return.
TRDL.DE
- 1D
- 0.19%
- 1M
- 0.81%
- YTD
- 0.56%
- 6M
- -0.74%
- 1Y
- 1.84%
- 3Y*
- -4.02%
- 5Y*
- —
- 10Y*
- —
IQSA.DE
- 1D
- -0.11%
- 1M
- 4.49%
- YTD
- 14.81%
- 6M
- 16.12%
- 1Y
- 28.39%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
TRDL.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 0.56% | -6.69% | -1.18% | -1.92% | -4.24% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | 1.52% |
Correlation
The correlation between TRDL.DE and IQSA.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2022 | 0.10 |
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Return for Risk
TRDL.DE vs. IQSA.DE — Risk / Return Rank
TRDL.DE
IQSA.DE
TRDL.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 4.60 | -4.36 |
| Martin ratioReturn relative to average drawdown | 0.51 | 18.23 | -17.72 |
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 | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 2.34 | -2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.94 | -1.22 |
Drawdowns
TRDL.DE vs. IQSA.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -21.20%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and IQSA.DE.
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Drawdown Indicators
| TRDL.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.20% | -34.11% | +12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -6.76% | -6.20% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | -21.35% | +4.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -16.50% | -0.33% | -16.17% |
Average DrawdownAverage peak-to-trough decline | -11.77% | -4.38% | -7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.57% | +1.52% |
Volatility
TRDL.DE vs. IQSA.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) is 2.50%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.32%. This indicates that TRDL.DE experiences smaller price fluctuations and is considered to be less risky than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 3.32% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 8.85% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.00% | 12.17% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 14.71% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 16.74% | -3.60% |
TRDL.DE vs. IQSA.DE - Expense Ratio Comparison
TRDL.DE has a 0.06% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
TRDL.DE vs. IQSA.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.15%, while IQSA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 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 IQSA.DE have a correlation of 0.20, 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 0.30% for IQSA.DE.
TRDL.DE is categorized as Government Bonds, while IQSA.DE is Global Equities. Their fees differ too: 0.06% for TRDL.DE and 0.30% for IQSA.DE.
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