TRDS.DE vs. ELFE.DE
TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both Government Bonds funds - TRDS.DE tracks the Bloomberg US Treasury Index while ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, TRDS.DE returned 0.24%/yr vs 0.02%/yr for ELFE.DE. With a 0.95 correlation, they move nearly in lockstep. TRDS.DE charges 0.06%/yr vs 0.07%/yr for ELFE.DE.
Performance
TRDS.DE vs. ELFE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRDS.DE achieves a 0.86% return, which is significantly higher than ELFE.DE's 0.55% 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*
- —
ELFE.DE
- 1D
- 0.13%
- 1M
- 0.62%
- YTD
- 0.55%
- 6M
- -0.26%
- 1Y
- 1.89%
- 3Y*
- -0.01%
- 5Y*
- 0.02%
- 10Y*
- —
TRDS.DE vs. ELFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 0.86% | -5.91% | 6.16% | 0.07% | -6.97% | 5.67% | -2.04% | -4.20% |
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 0.55% | -3.68% | 5.37% | 0.04% | -9.38% | 5.11% | -0.09% | -4.86% |
Correlation
The correlation between TRDS.DE and ELFE.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2019 | 0.95 |
The correlation between TRDS.DE and ELFE.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRDS.DE vs. ELFE.DE — Risk / Return Rank
TRDS.DE
ELFE.DE
TRDS.DE vs. ELFE.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 Deka US Treasury 7-10 UCITS ETF (ELFE.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 | ELFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.42 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.60 | 1.04 | -0.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TRDS.DE | ELFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.31 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.00 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.13 | +0.18 |
Drawdowns
TRDS.DE vs. ELFE.DE - Drawdown Comparison
The maximum TRDS.DE drawdown since its inception was -17.77%, smaller than the maximum ELFE.DE drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for TRDS.DE and ELFE.DE.
Loading charts...
Drawdown Indicators
| TRDS.DE | ELFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -20.67% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -4.53% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -10.45% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -13.10% | -15.39% | +2.29% |
Current DrawdownCurrent decline from peak | -14.15% | -15.66% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -12.73% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.81% | -0.13% |
Volatility
TRDS.DE vs. ELFE.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) is 0.93%, while Deka US Treasury 7-10 UCITS ETF (ELFE.DE) has a volatility of 1.17%. This indicates that TRDS.DE experiences smaller price fluctuations and is considered to be less risky than ELFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRDS.DE | ELFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.17% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 4.19% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 6.08% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 9.00% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 8.73% | -0.93% |
TRDS.DE vs. ELFE.DE - Expense Ratio Comparison
TRDS.DE has a 0.06% expense ratio, which is lower than ELFE.DE's 0.07% 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
TRDS.DE vs. ELFE.DE - Dividend Comparison
TRDS.DE's dividend yield for the trailing twelve months is around 3.65%, less than ELFE.DE's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 4.36% | 3.84% | 2.83% | 2.04% | 1.74% | 2.27% | 1.81% | 0.24% |
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 ELFE.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRDS.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRDS.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for ELFE.DE.
TRDS.DE tracks Bloomberg US Treasury Index, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. They also come from different issuers: Invesco and Deka Investment GmbH. Their fees differ too: 0.06% for TRDS.DE and 0.07% for ELFE.DE.
Find the right allocation for TRDS.DE and ELFE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer