TRDX.DE vs. T1EU.DE

Last updated Jul 16, 2026

TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds from Invesco - TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, TRDX.DE returned -0.68%/yr vs 1.40%/yr for T1EU.DE. At a 0.10 correlation, their price movements are largely independent. TRDX.DE charges 0.06%/yr vs 0.10%/yr for T1EU.DE.

Performance

TRDX.DE vs. T1EU.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 US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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 higher than T1EU.DE's 0.85% 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*: —

T1EU.DE

• 1D: 0.00%
• 1M: 0.14%
• 6M: 0.81%
• YTD: 0.85%
• 1Y: 1.84%
• 3Y*: 2.69%
• 5Y*: 1.40%
• 10Y*: —

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

TRDX.DE vs. T1EU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%	-9.93%
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc	0.85%	2.00%	3.48%	2.83%	-1.53%	-0.93%	-0.47%

Correlation

The correlation between TRDX.DE and T1EU.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020	0.10

The correlation between TRDX.DE and T1EU.DE shifts across timeframes, from -0.01 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TRDX.DE vs. T1EU.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

T1EU.DE

T1EU.DE Risk / Return Rank: 67
T1EU.DE Sharpe Ratio Rank: 43
T1EU.DE Sortino Ratio Rank: 44
T1EU.DE Omega Ratio Rank: 75
T1EU.DE Calmar Ratio Rank: 84
T1EU.DE Martin Ratio Rank: 92

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. T1EU.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 US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.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	T1EU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.27	-0.35
Sortino ratio: Return per unit of downside risk	1.43	1.88	-0.45
Omega ratio: Gain probability vs. loss probability	1.17	1.35	-0.18
Calmar ratio: Return relative to maximum drawdown	1.27	3.62	-2.36
Martin ratio: Return relative to average drawdown	3.24	17.64	-14.40

TRDX.DE vs. T1EU.DE - Sharpe Ratio Comparison

The current TRDX.DE Sharpe Ratio is 0.92, which is comparable to the T1EU.DE Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of TRDX.DE and T1EU.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. T1EU.DE - Drawdown Comparison

The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and T1EU.DE.

Drawdown Indicators

	TRDX.DE	T1EU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-3.20%	-17.78%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-0.51%	-3.81%
Max Drawdown (3Y) Largest decline over 3 years	-10.57%	-0.51%	-10.06%
Max Drawdown (5Y) Largest decline over 5 years	-15.52%	-2.36%	-13.16%
Current Drawdown Current decline from peak	-14.58%	0.00%	-14.58%
Average Drawdown Average peak-to-trough decline	-12.26%	-0.85%	-11.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	0.10%	+1.59%

Volatility

TRDX.DE vs. T1EU.DE - Volatility Comparison

Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist (TRDX.DE) has a higher volatility of 1.76% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.06%. This indicates that TRDX.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRDX.DE	T1EU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.76%	0.06%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	4.20%	1.05%	+3.15%
Volatility (1Y) Calculated over the trailing 1-year period	5.94%	1.44%	+4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.91%	0.81%	+8.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.36%	0.73%	+8.63%

TRDX.DE vs. T1EU.DE - Expense Ratio Comparison

TRDX.DE has a 0.06% expense ratio, which is lower than T1EU.DE's 0.10% 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. T1EU.DE - Dividend Comparison

TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, while T1EU.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.13%	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 T1EU.DE in my portfolio?

TRDX.DE and T1EU.DE have a correlation of -0.01, 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 T1EU.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 T1EU.DE?

TRDX.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for T1EU.DE.

What is the main difference between TRDX.DE and T1EU.DE?

TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. Their fees differ too: 0.06% for TRDX.DE and 0.10% for T1EU.DE.