TRDL.DE vs. TRD1.DE
TRDL.DE (Invesco US Treasury Bond 10+ Year UCITS ETF Dist) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds from Invesco - TRDL.DE tracks the Bloomberg US Long Treasury Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 3 years, TRDL.DE returned -2.03%/yr vs 3.93%/yr for TRD1.DE. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.06% expense ratio.
Performance
TRDL.DE vs. TRD1.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 TRD1.DE's 4.62% return.
TRDL.DE
- 1D
- 0.00%
- 1M
- -0.91%
- 6M
- -0.72%
- YTD
- 1.01%
- 1Y
- 4.69%
- 3Y*
- -2.03%
- 5Y*
- —
- 10Y*
- —
TRD1.DE
- 1D
- 0.00%
- 1M
- 1.46%
- 6M
- 2.92%
- YTD
- 4.62%
- 1Y
- 5.14%
- 3Y*
- 3.93%
- 5Y*
- 3.97%
- 10Y*
- —
TRDL.DE vs. TRD1.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% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.62% | -7.35% | 11.23% | 1.38% | -7.40% |
Correlation
The correlation between TRDL.DE and TRD1.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 | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2022 | 0.21 |
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Return for Risk
TRDL.DE vs. TRD1.DE — Risk / Return Rank
TRDL.DE
TRD1.DE
TRDL.DE vs. TRD1.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 US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.15 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.38 | -0.65 |
| Martin ratioReturn relative to average drawdown | 1.55 | 3.62 | -2.06 |
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Drawdowns
TRDL.DE vs. TRD1.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -20.55%, which is greater than TRD1.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and TRD1.DE.
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Drawdown Indicators
| TRDL.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.55% | -17.81% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -3.70% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -11.60% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.70% | — |
Current DrawdownCurrent decline from peak | -15.14% | -5.39% | -9.75% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -8.29% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 1.42% | +1.61% |
Volatility
TRDL.DE vs. TRD1.DE - Volatility Comparison
Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a higher volatility of 2.16% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) at 1.12%. This indicates that TRDL.DE's price experiences larger fluctuations and is considered to be riskier than TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 1.12% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.19% | 4.63% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 6.21% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 7.48% | +5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 8.09% | +5.02% |
TRDL.DE vs. TRD1.DE - Expense Ratio Comparison
Both TRDL.DE and TRD1.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRDL.DE vs. TRD1.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.89%, more than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
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% |
Frequently Asked Questions
TRDL.DE and TRD1.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.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRDL.DE and TRD1.DE have the same expense ratio: 0.06% per year.
TRDL.DE tracks Bloomberg US Long Treasury Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index.
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