TRDS.DE vs. TRD7.DE
TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) and TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) are both Government Bonds funds from Invesco - TRDS.DE tracks the Bloomberg US Treasury Index while TRD7.DE tracks the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, TRDS.DE returned 0.24%/yr vs 2.55%/yr for TRD7.DE. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
TRDS.DE vs. TRD7.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 higher than TRD7.DE's 0.62% 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*
- —
TRD7.DE
- 1D
- 0.05%
- 1M
- 0.58%
- YTD
- 0.62%
- 6M
- -0.45%
- 1Y
- 0.69%
- 3Y*
- 2.16%
- 5Y*
- 2.55%
- 10Y*
- —
TRDS.DE vs. TRD7.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% | 6.04% |
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 0.62% | -5.07% | 9.77% | 4.23% | -2.71% | 6.61% | -1.37% | 6.86% |
Correlation
The correlation between TRDS.DE and TRD7.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2019 | 0.95 |
The correlation between TRDS.DE and TRD7.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
TRDS.DE vs. TRD7.DE — Risk / Return Rank
TRDS.DE
TRD7.DE
TRDS.DE vs. TRD7.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 US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.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 | TRD7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.17 | +0.08 |
| Martin ratioReturn relative to average drawdown | 0.60 | 0.41 | +0.19 |
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 | TRD7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.13 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.33 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.34 | -0.29 |
Drawdowns
TRDS.DE vs. TRD7.DE - Drawdown Comparison
The maximum TRDS.DE drawdown since its inception was -17.77%, which is greater than TRD7.DE's maximum drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for TRDS.DE and TRD7.DE.
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Drawdown Indicators
| TRDS.DE | TRD7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -12.09% | -5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -4.13% | -4.12% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.21% | -10.16% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -13.10% | -10.30% | -2.80% |
Current DrawdownCurrent decline from peak | -14.15% | -6.97% | -7.18% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -5.17% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.65% | +0.03% |
Volatility
TRDS.DE vs. TRD7.DE - Volatility Comparison
Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) has a higher volatility of 0.93% compared to Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) at 0.76%. This indicates that TRDS.DE's price experiences larger fluctuations and is considered to be riskier than TRD7.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 | TRD7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.76% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 3.83% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.61% | 5.40% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.04% | 7.68% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 7.31% | +0.49% |
TRDS.DE vs. TRD7.DE - Expense Ratio Comparison
Both TRDS.DE and TRD7.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%.
Dividends
TRDS.DE vs. TRD7.DE - Dividend Comparison
TRDS.DE's dividend yield for the trailing twelve months is around 3.65%, more than TRD7.DE's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 3.55% | 3.67% | 5.86% | 7.13% | 2.92% | 1.54% | 2.59% | 3.26% |
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
With a correlation of 0.92, TRDS.DE and TRD7.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.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRDS.DE and TRD7.DE have the same expense ratio: 0.06% per year.
TRDS.DE tracks Bloomberg US Treasury Index, while TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index.
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