TRDX.DE vs. XBO2.DE
TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds - TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 5 years, TRDX.DE returned -0.68%/yr vs 1.73%/yr for XBO2.DE. At a 0.09 correlation, their price movements are largely independent. TRDX.DE charges 0.06%/yr vs 0.15%/yr for XBO2.DE.
Performance
TRDX.DE vs. XBO2.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 higher than XBO2.DE's 0.65% 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*
- —
XBO2.DE
- 1D
- -0.58%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.79%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
TRDX.DE vs. XBO2.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% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | -0.13% |
Correlation
The correlation between TRDX.DE and XBO2.DE is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.09 |
The correlation between TRDX.DE and XBO2.DE shifts across timeframes, from -0.04 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRDX.DE vs. XBO2.DE — Risk / Return Rank
TRDX.DE
XBO2.DE
TRDX.DE vs. XBO2.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 Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.59 | -0.33 |
| Martin ratioReturn relative to average drawdown | 3.24 | 4.40 | -1.16 |
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Drawdowns
TRDX.DE vs. XBO2.DE - Drawdown Comparison
The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and XBO2.DE.
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Drawdown Indicators
| TRDX.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -3.92% | -17.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -1.12% | -3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -1.12% | -9.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -1.31% | -14.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.77% | — |
Current DrawdownCurrent decline from peak | -14.58% | -0.58% | -14.00% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -0.71% | -11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.41% | +1.28% |
Volatility
TRDX.DE vs. XBO2.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 Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) at 1.48%. This indicates that TRDX.DE's price experiences larger fluctuations and is considered to be riskier than XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.48% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 2.61% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 3.29% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 1.53% | +7.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 1.65% | +7.71% |
TRDX.DE vs. XBO2.DE - Expense Ratio Comparison
TRDX.DE has a 0.06% expense ratio, which is lower than XBO2.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. XBO2.DE - Dividend Comparison
TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, while XBO2.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% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRDX.DE and XBO2.DE have a correlation of -0.04, 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 XBO2.DE.
TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while XBO2.DE tracks FTSE Eurozone BOT Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.06% for TRDX.DE and 0.15% for XBO2.DE.
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