TRDX.DE vs. VGTY.DE
TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, TRDX.DE returned -0.68%/yr vs -0.07%/yr for VGTY.DE. With a 0.95 correlation, they move nearly in lockstep. TRDX.DE charges 0.06%/yr vs 0.05%/yr for VGTY.DE.
Performance
TRDX.DE vs. VGTY.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 VGTY.DE's 2.65% 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*
- —
VGTY.DE
- 1D
- 0.22%
- 1M
- 1.19%
- 6M
- 1.60%
- YTD
- 2.65%
- 1Y
- 5.09%
- 3Y*
- 2.29%
- 5Y*
- -0.07%
- 10Y*
- —
TRDX.DE vs. VGTY.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% | -3.29% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 2.65% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -1.94% | 9.98% |
Correlation
The correlation between TRDX.DE and VGTY.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 (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.95 |
The correlation between TRDX.DE and VGTY.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
TRDX.DE vs. VGTY.DE — Risk / Return Rank
TRDX.DE
VGTY.DE
TRDX.DE vs. VGTY.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 Distributing (VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.27 | -0.01 |
| Martin ratioReturn relative to average drawdown | 3.24 | 3.27 | -0.03 |
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Drawdowns
TRDX.DE vs. VGTY.DE - Drawdown Comparison
The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than VGTY.DE's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and VGTY.DE.
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Drawdown Indicators
| TRDX.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -17.51% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -3.98% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -11.05% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -12.99% | -2.53% |
Current DrawdownCurrent decline from peak | -14.58% | -11.59% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -9.07% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.55% | +0.14% |
Volatility
TRDX.DE vs. VGTY.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 Distributing (VGTY.DE) at 1.56%. This indicates that TRDX.DE's price experiences larger fluctuations and is considered to be riskier than VGTY.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 | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.56% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 3.77% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 5.45% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 7.98% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 7.65% | +1.71% |
TRDX.DE vs. VGTY.DE - Expense Ratio Comparison
TRDX.DE has a 0.06% expense ratio, which is higher than VGTY.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. VGTY.DE - Dividend Comparison
TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, more than VGTY.DE's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.19% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% |
Frequently Asked Questions
With a correlation of 0.90, TRDX.DE and VGTY.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, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.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 VGTY.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 VGTY.DE.
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