TRE7.L vs. DTLA.L
TRE7.L (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) are both Government Bonds funds - TRE7.L tracks the Bloomberg US 3-7 Year Treasury Bond Index while DTLA.L tracks the ICE US Treasury 20+ Year Index. Both are passively managed. Over the past 5 years, TRE7.L returned 0.38%/yr vs -6.06%/yr for DTLA.L. A 0.78 correlation means they provide meaningful diversification when combined. TRE7.L charges 0.06%/yr vs 0.07%/yr for DTLA.L.
Performance
TRE7.L vs. DTLA.L - Performance Comparison
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Returns By Period
In the year-to-date period, TRE7.L achieves a -0.43% return, which is significantly higher than DTLA.L's -0.98% return.
TRE7.L
- 1D
- 0.20%
- 1M
- -0.05%
- YTD
- -0.43%
- 6M
- -0.08%
- 1Y
- 3.24%
- 3Y*
- 3.70%
- 5Y*
- 0.38%
- 10Y*
- —
DTLA.L
- 1D
- 0.48%
- 1M
- 0.71%
- YTD
- -0.98%
- 6M
- -1.10%
- 1Y
- 3.98%
- 3Y*
- -1.52%
- 5Y*
- -6.06%
- 10Y*
- —
TRE7.L vs. DTLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | -0.43% | 7.31% | 2.08% | 4.25% | -9.37% | -2.35% | 6.98% | 5.81% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.98% | 4.47% | -6.97% | 1.69% | -30.29% | -4.46% | 17.00% | 16.03% |
Correlation
The correlation between TRE7.L and DTLA.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.78 |
The correlation between TRE7.L and DTLA.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
TRE7.L vs. DTLA.L — Risk / Return Rank
TRE7.L
DTLA.L
TRE7.L vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L). 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.
| TRE7.L | DTLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.53 | +0.76 |
| Martin ratioReturn relative to average drawdown | 4.09 | 1.34 | +2.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRE7.L | DTLA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.41 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | -0.41 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | -0.07 | +0.49 |
Drawdowns
TRE7.L vs. DTLA.L - Drawdown Comparison
The maximum TRE7.L drawdown since its inception was -14.12%, smaller than the maximum DTLA.L drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for TRE7.L and DTLA.L.
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Drawdown Indicators
| TRE7.L | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -48.47% | +34.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -7.52% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.71% | -18.61% | +14.90% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -42.87% | +29.33% |
Current DrawdownCurrent decline from peak | -1.59% | -40.52% | +38.93% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -24.06% | +19.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 2.96% | -2.17% |
Volatility
TRE7.L vs. DTLA.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) is 1.20%, while iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a volatility of 3.37%. This indicates that TRE7.L experiences smaller price fluctuations and is considered to be less risky than DTLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRE7.L | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 3.37% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 6.53% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 9.82% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 14.93% | -10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 14.78% | -10.52% |
TRE7.L vs. DTLA.L - Expense Ratio Comparison
TRE7.L has a 0.06% expense ratio, which is lower than DTLA.L's 0.07% 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
TRE7.L vs. DTLA.L - Dividend Comparison
TRE7.L's dividend yield for the trailing twelve months is around 4.14%, while DTLA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 4.14% | 4.09% | 4.23% | 3.61% | 1.72% | 0.87% | 1.29% | 1.89% |
Frequently Asked Questions
TRE7.L and DTLA.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRE7.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRE7.L is cheaper with a 0.06% expense ratio, compared with 0.07% for DTLA.L.
TRE7.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while DTLA.L tracks ICE US Treasury 20+ Year Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRE7.L and 0.07% for DTLA.L.
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