TRDX.DE vs. VAGT.DE
TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 3 years, TRDX.DE returned 2.22%/yr vs 2.23%/yr for VAGT.DE. Their correlation of 0.94 suggests significant overlap in exposure. TRDX.DE charges 0.06%/yr vs 0.05%/yr for VAGT.DE.
Performance
TRDX.DE vs. VAGT.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 VAGT.DE's 2.49% 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*
- —
VAGT.DE
- 1D
- 0.00%
- 1M
- 1.04%
- 6M
- 1.39%
- YTD
- 2.49%
- 1Y
- 4.86%
- 3Y*
- 2.23%
- 5Y*
- —
- 10Y*
- —
TRDX.DE vs. VAGT.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% | -0.81% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.49% | -5.48% | 6.40% | -0.47% |
Correlation
The correlation between TRDX.DE and VAGT.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.94 |
The correlation between TRDX.DE and VAGT.DE has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
TRDX.DE vs. VAGT.DE — Risk / Return Rank
TRDX.DE
VAGT.DE
TRDX.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.22 | +0.04 |
| Martin ratioReturn relative to average drawdown | 3.24 | 3.14 | +0.10 |
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Drawdowns
TRDX.DE vs. VAGT.DE - Drawdown Comparison
The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than VAGT.DE's maximum drawdown of -11.03%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and VAGT.DE.
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Drawdown Indicators
| TRDX.DE | VAGT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -11.03% | -9.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -4.00% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -11.03% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | — | — |
Current DrawdownCurrent decline from peak | -14.58% | -5.90% | -8.68% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -5.06% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.55% | +0.14% |
Volatility
TRDX.DE vs. VAGT.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) at 1.59%. This indicates that TRDX.DE's price experiences larger fluctuations and is considered to be riskier than VAGT.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 | VAGT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.59% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.82% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 5.54% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 7.27% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 7.27% | +2.09% |
TRDX.DE vs. VAGT.DE - Expense Ratio Comparison
TRDX.DE has a 0.06% expense ratio, which is higher than VAGT.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
TRDX.DE vs. VAGT.DE - Dividend Comparison
TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, while VAGT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, TRDX.DE and VAGT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRDX.DE.
TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.06% for TRDX.DE and 0.05% for VAGT.DE.
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