TRDS.DE vs. VX6F.DE

Last updated Jun 5, 2026

TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) and VX6F.DE (Vanguard U.K. Gilt UCITS ETF GBP Accumulation) are both Government Bonds funds - TRDS.DE tracks the Bloomberg US Treasury Index while VX6F.DE tracks the Bloomberg Sterling Gilt Float Adjusted Index. Both are passively managed. Over the past 5 years, TRDS.DE returned 0.24%/yr vs -2.47%/yr for VX6F.DE. At a 0.41 correlation, their price movements are largely independent. TRDS.DE charges 0.06%/yr vs 0.05%/yr for VX6F.DE.

Performance

TRDS.DE vs. VX6F.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) and Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRDS.DE achieves a 0.86% return, which is significantly higher than VX6F.DE's -0.49% 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*: —

VX6F.DE

• 1D: 0.16%
• 1M: 1.29%
• YTD: -0.49%
• 6M: -0.45%
• 1Y: -0.62%
• 3Y*: 2.12%
• 5Y*: -2.47%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRDS.DE vs. VX6F.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%
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation	-0.49%	0.53%	-0.19%	18.92%	-26.90%	-5.30%	9.59%	5.32%

Correlation

The correlation between TRDS.DE and VX6F.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Mar 11, 2019	0.41

Over the past year, the correlation between TRDS.DE and VX6F.DE has dropped to 0.13 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

TRDS.DE vs. VX6F.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRDS.DE

TRDS.DE Risk / Return Rank: 11
TRDS.DE Sharpe Ratio Rank: 12
TRDS.DE Sortino Ratio Rank: 11
TRDS.DE Omega Ratio Rank: 11
TRDS.DE Calmar Ratio Rank: 12
TRDS.DE Martin Ratio Rank: 12

VX6F.DE

VX6F.DE Risk / Return Rank: 8
VX6F.DE Sharpe Ratio Rank: 8
VX6F.DE Sortino Ratio Rank: 8
VX6F.DE Omega Ratio Rank: 8
VX6F.DE Calmar Ratio Rank: 8
VX6F.DE Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRDS.DE vs. VX6F.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 Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.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	VX6F.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.18	-0.08	+0.26
Sortino ratio: Return per unit of downside risk	0.30	-0.05	+0.35
Omega ratio: Gain probability vs. loss probability	1.03	0.99	+0.04
Calmar ratio: Return relative to maximum drawdown	0.24	-0.12	+0.36
Martin ratio: Return relative to average drawdown	0.60	-0.27	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRDS.DE vs. VX6F.DE - Sharpe Ratio Comparison

The current TRDS.DE Sharpe Ratio is 0.18, which is higher than the VX6F.DE Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of TRDS.DE and VX6F.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRDS.DE	VX6F.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	-0.08	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	-0.19	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.06	+0.11

Drawdowns

TRDS.DE vs. VX6F.DE - Drawdown Comparison

The maximum TRDS.DE drawdown since its inception was -17.77%, smaller than the maximum VX6F.DE drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for TRDS.DE and VX6F.DE.

Drawdown Indicators

	TRDS.DE	VX6F.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.77%	-38.93%	+21.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.13%	-5.35%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-11.21%	-9.02%	-2.19%
Max Drawdown (5Y) Largest decline over 5 years	-13.10%	-36.83%	+23.73%
Current Drawdown Current decline from peak	-14.15%	-19.85%	+5.70%
Average Drawdown Average peak-to-trough decline	-10.46%	-14.82%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.34%	-0.66%

Volatility

TRDS.DE vs. VX6F.DE - Volatility Comparison

The current volatility for Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) is 0.93%, while Vanguard U.K. Gilt UCITS ETF GBP Accumulation (VX6F.DE) has a volatility of 3.41%. This indicates that TRDS.DE experiences smaller price fluctuations and is considered to be less risky than VX6F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRDS.DE	VX6F.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	3.41%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	3.90%	6.21%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	5.61%	8.03%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.04%	12.92%	-4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.80%	12.09%	-4.29%

TRDS.DE vs. VX6F.DE - Expense Ratio Comparison

TRDS.DE has a 0.06% expense ratio, which is higher than VX6F.DE's 0.05% expense ratio. However, 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. VX6F.DE - Dividend Comparison

TRDS.DE's dividend yield for the trailing twelve months is around 3.65%, while VX6F.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
VX6F.DE Vanguard U.K. Gilt UCITS ETF GBP Accumulation	0.00%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRDS.DE and VX6F.DE in my portfolio?

TRDS.DE and VX6F.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRDS.DE or VX6F.DE?

On fees, VX6F.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRDS.DE or VX6F.DE?

VX6F.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRDS.DE.

What is the main difference between TRDS.DE and VX6F.DE?

TRDS.DE tracks Bloomberg US Treasury Index, while VX6F.DE tracks Bloomberg Sterling Gilt Float Adjusted Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.06% for TRDS.DE and 0.05% for VX6F.DE.