TRDL.DE vs. SYB5.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) are both Government Bonds funds - TRDL.DE tracks the Bloomberg US Long Treasury Index while SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. Both are passively managed. Over the past 3 years, TRDL.DE returned -2.03%/yr vs 4.69%/yr for SYB5.DE. At a 0.35 correlation, their price movements are largely independent. TRDL.DE charges 0.06%/yr vs 0.15%/yr for SYB5.DE.
Performance
TRDL.DE vs. SYB5.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 lower than SYB5.DE's 3.17% return.
TRDL.DE
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- -0.72%
- YTD
- 1.01%
- 1Y
- 4.69%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
SYB5.DE
- 1D
- -0.19%
- 1M
- 1.54%
- 6M
- 2.25%
- YTD
- 3.17%
- 1Y
- 4.31%
- 3Y*
- 4.69%
- 5Y*
- 1.04%
- 10Y*
- 0.46%
TRDL.DE vs. SYB5.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% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.17% | 0.33% | 6.69% | 5.72% | -1.98% |
Correlation
The correlation between TRDL.DE and SYB5.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.35 |
The correlation between TRDL.DE and SYB5.DE shifts across timeframes, from 0.24 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TRDL.DE vs. SYB5.DE — Risk / Return Rank
TRDL.DE
SYB5.DE
TRDL.DE vs. SYB5.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 State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.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 | SYB5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.17 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.12 | -1.39 |
| Martin ratioReturn relative to average drawdown | 1.55 | 5.59 | -4.04 |
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Drawdowns
TRDL.DE vs. SYB5.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -20.55%, smaller than the maximum SYB5.DE drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and SYB5.DE.
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Drawdown Indicators
| TRDL.DE | SYB5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -26.72% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -2.02% | -4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -4.43% | -12.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.19% | — |
Current DrawdownCurrent decline from peak | -15.14% | -10.23% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -13.57% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 0.77% | +2.26% |
Volatility
TRDL.DE vs. SYB5.DE - Volatility Comparison
Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a higher volatility of 2.16% compared to State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) at 1.38%. This indicates that TRDL.DE's price experiences larger fluctuations and is considered to be riskier than SYB5.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 | SYB5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 1.38% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 3.51% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 4.56% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 6.28% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 6.93% | +6.18% |
TRDL.DE vs. SYB5.DE - Expense Ratio Comparison
TRDL.DE has a 0.06% expense ratio, which is lower than SYB5.DE's 0.15% 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. SYB5.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.89%, more than SYB5.DE's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.55% | 3.52% | 2.66% | 1.30% | 0.19% | 0.12% | 0.48% | 0.57% | 0.40% | 0.54% | 0.94% | 0.99% |
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 SYB5.DE have a correlation of 0.24, 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 0.15% for SYB5.DE.
TRDL.DE tracks Bloomberg US Long Treasury Index, while SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.06% for TRDL.DE and 0.15% for SYB5.DE.
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