TRDL.DE vs. TRDS.DE
Compare and contrast key facts about Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) and Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE).
TRDL.DE and TRDS.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRDL.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Long Treasury. It was launched on Oct 12, 2022. TRDS.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Treasury. It was launched on Jan 11, 2019. Both TRDL.DE and TRDS.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TRDL.DE vs. TRDS.DE - Performance Comparison
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TRDL.DE vs. TRDS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 1.07% | -6.69% | -1.18% | -1.92% | -4.24% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 1.14% | -5.91% | 6.16% | 0.07% | -6.07% |
Returns By Period
In the year-to-date period, TRDL.DE achieves a 1.07% return, which is significantly lower than TRDS.DE's 1.14% return.
TRDL.DE
- 1D
- -0.32%
- 1M
- -2.32%
- YTD
- 1.07%
- 6M
- 0.30%
- 1Y
- -7.77%
- 3Y*
- -4.14%
- 5Y*
- —
- 10Y*
- —
TRDS.DE
- 1D
- -0.66%
- 1M
- -0.76%
- YTD
- 1.14%
- 6M
- 1.54%
- 1Y
- -4.73%
- 3Y*
- 0.05%
- 5Y*
- -0.21%
- 10Y*
- —
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TRDL.DE vs. TRDS.DE - Expense Ratio Comparison
Both TRDL.DE and TRDS.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%.
Return for Risk
TRDL.DE vs. TRDS.DE — Risk / Return Rank
TRDL.DE
TRDS.DE
TRDL.DE vs. TRDS.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 UCITS ETF Dist (TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | -0.63 | 0.00 |
Sortino ratioReturn per unit of downside risk | -0.75 | -0.78 | +0.03 |
Omega ratioGain probability vs. loss probability | 0.90 | 0.90 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.52 | +0.01 |
Martin ratioReturn relative to average drawdown | -0.78 | -0.78 | -0.01 |
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 | TRDS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | -0.63 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.06 | -0.34 |
Correlation
The correlation between TRDL.DE and TRDS.DE is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRDL.DE vs. TRDS.DE - Dividend Comparison
TRDL.DE's dividend yield for the trailing twelve months is around 4.13%, more than TRDS.DE's 3.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.13% | 4.26% | 4.36% | 2.87% | 0.51% | 0.00% | 0.00% | 0.00% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.64% | 3.76% | 3.83% | 3.58% | 1.90% | 0.94% | 1.47% | 1.48% |
Drawdowns
TRDL.DE vs. TRDS.DE - Drawdown Comparison
The maximum TRDL.DE drawdown since its inception was -21.20%, which is greater than TRDS.DE's maximum drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for TRDL.DE and TRDS.DE.
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Drawdown Indicators
| TRDL.DE | TRDS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.20% | -17.77% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -8.00% | -5.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.10% | — |
Current DrawdownCurrent decline from peak | -16.08% | -13.91% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -10.36% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.97% | 5.31% | +3.66% |
Volatility
TRDL.DE vs. TRDS.DE - Volatility Comparison
Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a higher volatility of 3.44% compared to Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) at 1.99%. This indicates that TRDL.DE's price experiences larger fluctuations and is considered to be riskier than TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 1.99% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 6.23% | 4.04% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 7.50% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.36% | 8.07% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.36% | 7.87% | +5.49% |