TRDX.DE vs. FWEA.DE

Last updated Jul 16, 2026

TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) are both exchange-traded funds - TRDX.DE is a Government Bonds fund tracking the Bloomberg U.S. Treasury 7-10 Year Total Return Index, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, TRDX.DE returned 2.22%/yr vs 17.73%/yr for FWEA.DE. At a correlation of -0.13, they often move in opposite directions. TRDX.DE charges 0.06%/yr vs 0.20%/yr for FWEA.DE.

Performance

TRDX.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) and Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRDX.DE achieves a 2.01% return, which is significantly lower than FWEA.DE's 10.58% return.

TRDX.DE

• 1D: 0.07%
• 1M: 0.79%
• 6M: 0.99%
• YTD: 2.01%
• 1Y: 5.49%
• 3Y*: 2.22%
• 5Y*: -0.68%
• 10Y*: —

FWEA.DE

• 1D: 0.00%
• 1M: -0.38%
• 6M: 8.94%
• YTD: 10.58%
• 1Y: 22.21%
• 3Y*: 17.73%
• 5Y*: —
• 10Y*: —

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

TRDX.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist	2.01%	-3.42%	5.25%	-0.33%
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	10.58%	17.53%	19.21%	8.62%

Correlation

The correlation between TRDX.DE and FWEA.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.13
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	-0.13

Return for Risk

TRDX.DE vs. FWEA.DE — Risk / Return Rank

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

TRDX.DE

TRDX.DE Risk / Return Rank: 29
TRDX.DE Sharpe Ratio Rank: 29
TRDX.DE Sortino Ratio Rank: 30
TRDX.DE Omega Ratio Rank: 28
TRDX.DE Calmar Ratio Rank: 30
TRDX.DE Martin Ratio Rank: 28

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 72
FWEA.DE Sortino Ratio Rank: 77
FWEA.DE Omega Ratio Rank: 72
FWEA.DE Calmar Ratio Rank: 66
FWEA.DE Martin Ratio Rank: 74

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.

TRDX.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) and Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.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.

	TRDX.DE	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.85	-0.92
Sortino ratio: Return per unit of downside risk	1.43	2.77	-1.34
Omega ratio: Gain probability vs. loss probability	1.17	1.34	-0.17
Calmar ratio: Return relative to maximum drawdown	1.27	2.68	-1.42
Martin ratio: Return relative to average drawdown	3.24	10.92	-7.68

TRDX.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current TRDX.DE Sharpe Ratio is 0.92, which is lower than the FWEA.DE Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of TRDX.DE and FWEA.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.

Drawdowns

TRDX.DE vs. FWEA.DE - Drawdown Comparison

The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and FWEA.DE.

Drawdown Indicators

	TRDX.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-17.48%	-3.50%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-8.28%	+3.96%
Max Drawdown (3Y) Largest decline over 3 years	-10.57%	-17.48%	+6.91%
Max Drawdown (5Y) Largest decline over 5 years	-15.52%	—	—
Current Drawdown Current decline from peak	-14.58%	-0.87%	-13.71%
Average Drawdown Average peak-to-trough decline	-12.26%	-1.85%	-10.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.03%	-0.34%

Volatility

TRDX.DE vs. FWEA.DE - Volatility Comparison

The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) is 1.76%, while Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a volatility of 3.09%. This indicates that TRDX.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRDX.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	3.09%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	9.63%	-5.43%
Volatility (1Y) Calculated over the trailing 1-year period	5.94%	12.02%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.91%	12.74%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.36%	12.74%	-3.38%

TRDX.DE vs. FWEA.DE - Expense Ratio Comparison

TRDX.DE has a 0.06% expense ratio, which is lower than FWEA.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

TRDX.DE vs. FWEA.DE - Dividend Comparison

TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, while FWEA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist	4.27%	4.34%	4.22%	3.57%	2.45%	1.57%	1.94%	2.02%

Frequently Asked Questions

Can I hold both TRDX.DE and FWEA.DE in my portfolio?

TRDX.DE and FWEA.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, TRDX.DE or FWEA.DE?

On fees, TRDX.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRDX.DE or FWEA.DE?

TRDX.DE is cheaper with a 0.06% expense ratio, compared with 0.20% for FWEA.DE.

What is the main difference between TRDX.DE and FWEA.DE?

TRDX.DE is categorized as Government Bonds, while FWEA.DE is Global Equities. TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.06% for TRDX.DE and 0.20% for FWEA.DE.