TRDS.DE vs. EQQX.DE
TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - TRDS.DE is a Government Bonds fund tracking the Bloomberg US Treasury Index, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, TRDS.DE returned 0.24%/yr vs 19.11%/yr for EQQX.DE. At a 0.03 correlation, their price movements are largely independent. TRDS.DE charges 0.06%/yr vs 0.20%/yr for EQQX.DE.
Performance
TRDS.DE vs. EQQX.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 EQQX.DE's 21.61% return.
TRDS.DE
- 1D
- -0.02%
- 1M
- 0.79%
- YTD
- 0.86%
- 6M
- -0.02%
- 1Y
- 1.32%
- 3Y*
- -0.30%
- 5Y*
- 0.24%
- 10Y*
- —
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
TRDS.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 0.86% | -5.91% | 6.16% | 0.07% | -6.97% | 6.80% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between TRDS.DE and EQQX.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.03 |
The correlation between TRDS.DE and EQQX.DE shifts across timeframes, from 0.03 (5 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDS.DE vs. EQQX.DE — Risk / Return Rank
TRDS.DE
EQQX.DE
TRDS.DE vs. EQQX.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 Nasdaq-100 Swap UCITS ETF Acc (EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.44 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 3.91 | -3.67 |
| Martin ratioReturn relative to average drawdown | 0.60 | 11.64 | -11.04 |
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 | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 2.49 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.95 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.90 | -0.85 |
Drawdowns
TRDS.DE vs. EQQX.DE - Drawdown Comparison
The maximum TRDS.DE drawdown since its inception was -17.77%, smaller than the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for TRDS.DE and EQQX.DE.
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Drawdown Indicators
| TRDS.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -31.17% | +13.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -9.97% | +5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -26.80% | +15.59% |
Max Drawdown (5Y)Largest decline over 5 years | -13.10% | -31.17% | +18.07% |
Current DrawdownCurrent decline from peak | -14.15% | 0.00% | -14.15% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -7.99% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.36% | -1.68% |
Volatility
TRDS.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) is 0.93%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 4.15%. This indicates that TRDS.DE experiences smaller price fluctuations and is considered to be less risky than EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 4.15% | -3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 10.89% | -6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 15.75% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 19.86% | -11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 19.79% | -11.99% |
TRDS.DE vs. EQQX.DE - Expense Ratio Comparison
TRDS.DE has a 0.06% expense ratio, which is lower than EQQX.DE's 0.20% 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. EQQX.DE - Dividend Comparison
TRDS.DE's dividend yield for the trailing twelve months is around 3.65%, while EQQX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 EQQX.DE have a correlation of 0.18, 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 0.20% for EQQX.DE.
TRDS.DE is categorized as Government Bonds, while EQQX.DE is Nasdaq-100. TRDS.DE tracks Bloomberg US Treasury Index, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.06% for TRDS.DE and 0.20% for EQQX.DE.
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