TRDS.DE vs. 6PSE.DE
TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - TRDS.DE is a Government Bonds fund tracking the Bloomberg US Treasury Index, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, TRDS.DE returned -0.30%/yr vs 19.18%/yr for 6PSE.DE. At a 0.07 correlation, their price movements are largely independent. TRDS.DE charges 0.06%/yr vs 0.05%/yr for 6PSE.DE.
Performance
TRDS.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRDS.DE achieves a 0.86% return, which is significantly lower than 6PSE.DE's 11.33% return.
TRDS.DE
- 1D
- -0.02%
- 1M
- 0.72%
- YTD
- 0.86%
- 6M
- 0.02%
- 1Y
- 1.02%
- 3Y*
- -0.30%
- 5Y*
- 0.24%
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 5.37%
- YTD
- 11.33%
- 6M
- 11.30%
- 1Y
- 25.21%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
TRDS.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 0.86% | -5.91% | 6.16% | 0.07% | -4.20% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between TRDS.DE and 6PSE.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.07 |
The correlation between TRDS.DE and 6PSE.DE shifts across timeframes, from 0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDS.DE vs. 6PSE.DE — Risk / Return Rank
TRDS.DE
6PSE.DE
TRDS.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.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.
| TRDS.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.40 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 3.44 | -3.19 |
| Martin ratioReturn relative to average drawdown | 0.60 | 11.99 | -11.39 |
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
| TRDS.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 2.15 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.93 | -0.88 |
Drawdowns
TRDS.DE vs. 6PSE.DE - Drawdown Comparison
The maximum TRDS.DE drawdown since its inception was -17.77%, smaller than the maximum 6PSE.DE drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for TRDS.DE and 6PSE.DE.
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Drawdown Indicators
| TRDS.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -23.70% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -7.31% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -23.70% | +12.49% |
Max Drawdown (5Y)Largest decline over 5 years | -13.10% | — | — |
Current DrawdownCurrent decline from peak | -14.15% | -0.41% | -13.74% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -4.83% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.10% | -0.42% |
Volatility
TRDS.DE vs. 6PSE.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) is 0.93%, while Invesco MSCI USA UCITS ETF Dist (6PSE.DE) has a volatility of 2.73%. This indicates that TRDS.DE experiences smaller price fluctuations and is considered to be less risky than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRDS.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 2.73% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 7.68% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 11.65% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 15.41% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 15.41% | -7.61% |
TRDS.DE vs. 6PSE.DE - Expense Ratio Comparison
TRDS.DE has a 0.06% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TRDS.DE vs. 6PSE.DE - Dividend Comparison
TRDS.DE's dividend yield for the trailing twelve months is around 3.65%, more than 6PSE.DE's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% | 0.00% | 0.00% | 0.00% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.65% | 3.76% | 3.83% | 3.58% | 1.90% | 0.94% | 1.47% | 1.48% |
Frequently Asked Questions
TRDS.DE and 6PSE.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRDS.DE.
TRDS.DE is categorized as Government Bonds, while 6PSE.DE is Large Cap Blend Equities. TRDS.DE tracks Bloomberg US Treasury Index, while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.06% for TRDS.DE and 0.05% for 6PSE.DE.
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