TRDS.DE vs. TRDL.DE
Compare and contrast key facts about Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) and Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE).
TRDS.DE and TRDL.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRDS.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Treasury. It was launched on Jan 11, 2019. TRDL.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Long Treasury. It was launched on Oct 12, 2022. Both TRDS.DE and TRDL.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TRDS.DE vs. TRDL.DE - Performance Comparison
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TRDS.DE vs. TRDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 1.14% | -5.91% | 6.16% | 0.07% | -6.07% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 1.07% | -6.69% | -1.18% | -1.92% | -4.24% |
Returns By Period
In the year-to-date period, TRDS.DE achieves a 1.14% return, which is significantly higher than TRDL.DE's 1.07% return.
TRDS.DE
- 1D
- -0.66%
- 1M
- -0.76%
- YTD
- 1.14%
- 6M
- 1.54%
- 1Y
- -4.73%
- 3Y*
- 0.05%
- 5Y*
- -0.21%
- 10Y*
- —
TRDL.DE
- 1D
- -0.32%
- 1M
- -2.32%
- YTD
- 1.07%
- 6M
- 0.30%
- 1Y
- -7.77%
- 3Y*
- -4.14%
- 5Y*
- —
- 10Y*
- —
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TRDS.DE vs. TRDL.DE - Expense Ratio Comparison
Both TRDS.DE and TRDL.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%.
Return for Risk
TRDS.DE vs. TRDL.DE — Risk / Return Rank
TRDS.DE
TRDL.DE
TRDS.DE vs. TRDL.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 10+ Year UCITS ETF Dist (TRDL.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 | TRDL.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | -0.63 | 0.00 |
Sortino ratioReturn per unit of downside risk | -0.78 | -0.75 | -0.03 |
Omega ratioGain probability vs. loss probability | 0.90 | 0.90 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.51 | -0.01 |
Martin ratioReturn relative to average drawdown | -0.78 | -0.78 | +0.01 |
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 | TRDL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | -0.63 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.28 | +0.34 |
Correlation
The correlation between TRDS.DE and TRDL.DE is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRDS.DE vs. TRDL.DE - Dividend Comparison
TRDS.DE's dividend yield for the trailing twelve months is around 3.64%, less than TRDL.DE's 4.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.64% | 3.76% | 3.83% | 3.58% | 1.90% | 0.94% | 1.47% | 1.48% |
TRDL.DE Invesco US Treasury Bond 10+ Year UCITS ETF Dist | 4.13% | 4.26% | 4.36% | 2.87% | 0.51% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRDS.DE vs. TRDL.DE - Drawdown Comparison
The maximum TRDS.DE drawdown since its inception was -17.77%, smaller than the maximum TRDL.DE drawdown of -21.20%. Use the drawdown chart below to compare losses from any high point for TRDS.DE and TRDL.DE.
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Drawdown Indicators
| TRDS.DE | TRDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.77% | -21.20% | +3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -13.74% | +5.74% |
Max Drawdown (5Y)Largest decline over 5 years | -13.10% | — | — |
Current DrawdownCurrent decline from peak | -13.91% | -16.08% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -10.36% | -11.50% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 8.97% | -3.66% |
Volatility
TRDS.DE vs. TRDL.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) is 1.99%, while Invesco US Treasury Bond 10+ Year UCITS ETF Dist (TRDL.DE) has a volatility of 3.44%. This indicates that TRDS.DE experiences smaller price fluctuations and is considered to be less risky than TRDL.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 | TRDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 3.44% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.04% | 6.23% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 12.34% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 13.36% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 13.36% | -5.49% |