TRE7.L vs. IBTA.L
Compare and contrast key facts about Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L).
TRE7.L and IBTA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRE7.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Treasury 3-7 Year Index. It was launched on Feb 20, 2024. IBTA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Apr 13, 2017. Both TRE7.L and IBTA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TRE7.L vs. IBTA.L - Performance Comparison
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TRE7.L vs. IBTA.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 | -0.24% | 7.31% | 2.08% | 4.25% | -9.37% | -2.35% | 6.98% | 5.81% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.22% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 3.52% |
Returns By Period
In the year-to-date period, TRE7.L achieves a -0.24% return, which is significantly lower than IBTA.L's 0.22% return.
TRE7.L
- 1D
- 0.06%
- 1M
- -1.07%
- YTD
- -0.24%
- 6M
- 0.94%
- 1Y
- 3.95%
- 3Y*
- 3.67%
- 5Y*
- 0.58%
- 10Y*
- —
IBTA.L
- 1D
- 0.12%
- 1M
- -0.22%
- YTD
- 0.22%
- 6M
- 1.40%
- 1Y
- 3.78%
- 3Y*
- 4.10%
- 5Y*
- 1.84%
- 10Y*
- —
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TRE7.L vs. IBTA.L - Expense Ratio Comparison
TRE7.L has a 0.06% expense ratio, which is lower than IBTA.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%.
Return for Risk
TRE7.L vs. IBTA.L — Risk / Return Rank
TRE7.L
IBTA.L
TRE7.L vs. IBTA.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 1-3yr UCITS ETF (Acc) (IBTA.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 | IBTA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 2.69 | -1.51 |
Sortino ratioReturn per unit of downside risk | 1.75 | 4.23 | -2.48 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.57 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 5.16 | -3.39 |
Martin ratioReturn relative to average drawdown | 5.96 | 16.82 | -10.86 |
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 | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.69 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.93 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.08 | -0.65 |
Correlation
The correlation between TRE7.L and IBTA.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRE7.L vs. IBTA.L - Dividend Comparison
TRE7.L's dividend yield for the trailing twelve months is around 4.13%, while IBTA.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 4.13% | 4.09% | 4.23% | 3.61% | 1.72% | 0.87% | 1.29% | 1.89% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TRE7.L vs. IBTA.L - Drawdown Comparison
The maximum TRE7.L drawdown since its inception was -14.12%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for TRE7.L and IBTA.L.
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Drawdown Indicators
| TRE7.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.12% | -5.80% | -8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -0.74% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -13.54% | -5.70% | -7.84% |
Current DrawdownCurrent decline from peak | -1.40% | -0.37% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -0.98% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.23% | +0.46% |
Volatility
TRE7.L vs. IBTA.L - Volatility Comparison
Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) has a higher volatility of 1.13% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.46%. This indicates that TRE7.L's price experiences larger fluctuations and is considered to be riskier than IBTA.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 | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.46% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 0.79% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 1.40% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.72% | 1.99% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.28% | 1.77% | +2.51% |