TRDX.DE vs. XT01.DE
TRDX.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF USD Dist) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - TRDX.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, TRDX.DE returned -0.68%/yr vs 4.09%/yr for XT01.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
TRDX.DE vs. XT01.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 XT01.DE's 4.64% 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*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 3.59%
- YTD
- 4.64%
- 1Y
- 5.32%
- 3Y*
- 4.02%
- 5Y*
- 4.09%
- 10Y*
- —
TRDX.DE vs. XT01.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% | -5.07% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.64% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between TRDX.DE and XT01.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.56 |
The correlation between TRDX.DE and XT01.DE shifts across timeframes, from 0.54 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRDX.DE vs. XT01.DE — Risk / Return Rank
TRDX.DE
XT01.DE
TRDX.DE vs. XT01.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 US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.57 | -0.31 |
| Martin ratioReturn relative to average drawdown | 3.24 | 3.74 | -0.50 |
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Drawdowns
TRDX.DE vs. XT01.DE - Drawdown Comparison
The maximum TRDX.DE drawdown since its inception was -20.98%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for TRDX.DE and XT01.DE.
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Drawdown Indicators
| TRDX.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -11.68% | -9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -3.40% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -11.68% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.52% | -11.68% | -3.84% |
Current DrawdownCurrent decline from peak | -14.58% | -5.35% | -9.23% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -4.91% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.43% | +0.26% |
Volatility
TRDX.DE vs. XT01.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 US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) at 1.58%. This indicates that TRDX.DE's price experiences larger fluctuations and is considered to be riskier than XT01.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 | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.58% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 4.22% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.94% | 6.04% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 7.44% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 7.28% | +2.08% |
TRDX.DE vs. XT01.DE - Expense Ratio Comparison
Both TRDX.DE and XT01.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRDX.DE vs. XT01.DE - Dividend Comparison
TRDX.DE's dividend yield for the trailing twelve months is around 4.27%, while XT01.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% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRDX.DE and XT01.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRDX.DE and XT01.DE have the same expense ratio: 0.06% per year.
TRDX.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index, while XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: Invesco and Xtrackers.
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