TRDX.DE vs. IBCC.DE
TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and IBCC.DE (iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while IBCC.DE tracks the ICE US Treasury Short Bond Index. Both are passively managed. Over the past 5 years, TRDX.DE returned -0.68%/yr vs 4.12%/yr for IBCC.DE. A 0.58 correlation means they provide meaningful diversification when combined. TRDX.DE charges 0.06%/yr vs 0.07%/yr for IBCC.DE.
Performance
TRDX.DE vs. IBCC.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 IBCC.DE's 4.60% 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*
- —
IBCC.DE
- 1D
- 0.00%
- 1M
- 1.63%
- 6M
- 3.63%
- YTD
- 4.60%
- 1Y
- 5.34%
- 3Y*
- 4.08%
- 5Y*
- 4.12%
- 10Y*
- —
TRDX.DE vs. IBCC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRDX.DE Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist | 2.01% | -3.42% | 5.25% | 0.09% | -9.69% | 5.10% | 0.07% | -4.02% |
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.60% | -7.23% | 11.42% | 1.23% | 7.25% | 8.42% | -8.13% | -8.71% |
Correlation
The correlation between TRDX.DE and IBCC.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.58 |
The correlation between TRDX.DE and IBCC.DE shifts across timeframes, from 0.54 (5 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDX.DE vs. IBCC.DE — Risk / Return Rank
TRDX.DE
IBCC.DE
TRDX.DE vs. IBCC.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 iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.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 | IBCC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.64 | -0.38 |
| Martin ratioReturn relative to average drawdown | 3.24 | 3.74 | -0.50 |
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Drawdowns
TRDX.DE vs. IBCC.DE - Drawdown Comparison
The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than IBCC.DE's maximum drawdown of -16.17%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and IBCC.DE.
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Drawdown Indicators
| TRDX.DE | IBCC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -16.17% | -4.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -3.24% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -11.59% | +1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -11.69% | -3.83% |
Current DrawdownCurrent decline from peak | -14.58% | -5.33% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -7.97% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.43% | +0.26% |
Volatility
TRDX.DE vs. IBCC.DE - Volatility Comparison
Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) and iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBCC.DE) have volatilities of 1.76% and 1.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRDX.DE | IBCC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.78% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.35% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 6.24% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 7.57% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 8.41% | +0.95% |
TRDX.DE vs. IBCC.DE - Expense Ratio Comparison
TRDX.DE has a 0.06% expense ratio, which is lower than IBCC.DE's 0.07% 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. IBCC.DE - Dividend Comparison
TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, more than IBCC.DE's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBCC.DE iShares $ Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.99% | 4.63% | 6.49% | 4.14% | 0.47% | 0.09% | 1.39% | 1.22% |
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 IBCC.DE have a correlation of 0.66, 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 0.07% for IBCC.DE.
TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while IBCC.DE tracks ICE US Treasury Short Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRDX.DE and 0.07% for IBCC.DE.
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