TRDX.DE vs. FWIA.DE
TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and FWIA.DE (Invesco FTSE All-World UCITS ETF 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 FWIA.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 18.30%/yr for FWIA.DE. At a 0.12 correlation, their price movements are largely independent. TRDX.DE charges 0.06%/yr vs 0.15%/yr for FWIA.DE.
Performance
TRDX.DE vs. FWIA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRDX.DE achieves a 2.01% return, which is significantly lower than FWIA.DE's 13.74% 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*
- —
FWIA.DE
- 1D
- 0.00%
- 1M
- 0.60%
- 6M
- 11.50%
- YTD
- 13.74%
- 1Y
- 25.26%
- 3Y*
- 18.30%
- 5Y*
- —
- 10Y*
- —
TRDX.DE vs. FWIA.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% | -0.15% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 13.74% | 9.02% | 24.70% | 7.98% |
Correlation
The correlation between TRDX.DE and FWIA.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 | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.12 |
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Return for Risk
TRDX.DE vs. FWIA.DE — Risk / Return Rank
TRDX.DE
FWIA.DE
TRDX.DE vs. FWIA.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 Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 3.91 | -2.65 |
| Martin ratioReturn relative to average drawdown | 3.24 | 15.52 | -12.28 |
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Drawdowns
TRDX.DE vs. FWIA.DE - Drawdown Comparison
The maximum TRDX.DE drawdown since its inception was -20.98%, roughly equal to the maximum FWIA.DE drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and FWIA.DE.
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Drawdown Indicators
| TRDX.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -20.96% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -6.49% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -20.96% | +10.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | — | — |
Current DrawdownCurrent decline from peak | -14.58% | -0.61% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -2.38% | -9.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.63% | +0.06% |
Volatility
TRDX.DE vs. FWIA.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 Acc (FWIA.DE) has a volatility of 2.88%. This indicates that TRDX.DE experiences smaller price fluctuations and is considered to be less risky than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRDX.DE | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 2.88% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 8.68% | -4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 11.75% | -5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 13.15% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 13.15% | -3.79% |
TRDX.DE vs. FWIA.DE - Expense Ratio Comparison
TRDX.DE has a 0.06% expense ratio, which is lower than FWIA.DE's 0.15% 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. FWIA.DE - Dividend Comparison
TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, while FWIA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FWIA.DE Invesco FTSE All-World UCITS ETF 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
TRDX.DE and FWIA.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.
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.
TRDX.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for FWIA.DE.
TRDX.DE is categorized as Government Bonds, while FWIA.DE is Global Equities. TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while FWIA.DE tracks FTSE All-World Index. Their fees differ too: 0.06% for TRDX.DE and 0.15% for FWIA.DE.
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