TRDS.DE vs. IUSM.DE
TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) and IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both Government Bonds funds - TRDS.DE tracks the Bloomberg US Treasury Index while IUSM.DE tracks the ICE US Treasury 7-10 Year. Both are passively managed. Over the past 5 years, TRDS.DE returned 0.68%/yr vs 0.13%/yr for IUSM.DE. Their correlation of 0.83 suggests significant overlap in exposure. TRDS.DE charges 0.06%/yr vs 0.07%/yr for IUSM.DE.
Performance
TRDS.DE vs. IUSM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRDS.DE achieves a 3.87% return, which is significantly higher than IUSM.DE's 3.43% return.
TRDS.DE
- 1D
- -0.47%
- 1M
- 3.14%
- YTD
- 3.87%
- 6M
- 4.21%
- 1Y
- 5.74%
- 3Y*
- 1.67%
- 5Y*
- 0.68%
- 10Y*
- —
IUSM.DE
- 1D
- -0.08%
- 1M
- 3.24%
- YTD
- 3.43%
- 6M
- 3.92%
- 1Y
- 6.04%
- 3Y*
- 1.53%
- 5Y*
- 0.13%
- 10Y*
- 0.29%
TRDS.DE vs. IUSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.87% | -5.42% | 6.49% | 0.35% | -6.88% | 5.85% | -1.83% | -4.56% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.43% | -3.56% | 5.27% | 0.00% | -9.60% | 5.10% | -0.01% | 11.61% |
Correlation
The correlation between TRDS.DE and IUSM.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.83 |
The correlation between TRDS.DE and IUSM.DE shifts across timeframes, from 0.83 (all time) to 0.96 (5 years), reflecting how their relationship changes across market environments.
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. IUSM.DE — Risk / Return Rank
TRDS.DE
IUSM.DE
TRDS.DE vs. IUSM.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 iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.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.
| TRDS.DE | IUSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.35 | +0.08 |
| Martin ratioReturn relative to average drawdown | 3.72 | 3.48 | +0.24 |
Loading charts...
Drawdowns
TRDS.DE vs. IUSM.DE - Drawdown Comparison
The maximum TRDS.DE drawdown since its inception was -17.30%, smaller than the maximum IUSM.DE drawdown of -21.00%. Use the drawdown chart below to compare losses from any high point for TRDS.DE and IUSM.DE.
Loading charts...
Drawdown Indicators
| TRDS.DE | IUSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.30% | -21.00% | +3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -4.45% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -10.99% | -10.66% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -12.94% | -15.56% | +2.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.00% | — |
Current DrawdownCurrent decline from peak | -10.21% | -13.51% | +3.30% |
Average DrawdownAverage peak-to-trough decline | -10.36% | -9.60% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.73% | -0.19% |
Volatility
TRDS.DE vs. IUSM.DE - Volatility Comparison
Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) has a higher volatility of 1.77% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) at 1.43%. This indicates that TRDS.DE's price experiences larger fluctuations and is considered to be riskier than IUSM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRDS.DE | IUSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.43% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.10% | 4.10% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.70% | 5.78% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 8.96% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 8.21% | +0.46% |
TRDS.DE vs. IUSM.DE - Expense Ratio Comparison
TRDS.DE has a 0.06% expense ratio, which is lower than IUSM.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. IUSM.DE - Dividend Comparison
TRDS.DE's dividend yield for the trailing twelve months is around 4.17%, which matches IUSM.DE's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.20% | 4.25% | 3.91% | 3.15% | 2.01% | 1.12% | 1.71% | 2.49% | 2.39% | 2.07% | 1.85% | 2.03% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 4.17% | 4.31% | 4.13% | 3.87% | 1.99% | 1.10% | 1.69% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, TRDS.DE and IUSM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IUSM.DE.
TRDS.DE tracks Bloomberg US Treasury Index, while IUSM.DE tracks ICE US Treasury 7-10 Year. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRDS.DE and 0.07% for IUSM.DE.
Find the right allocation for TRDS.DE and IUSM.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