TRE7.L vs. TFRN.L
TRE7.L (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) and TFRN.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc) are both Government Bonds funds - TRE7.L tracks the Bloomberg US 3-7 Year Treasury Bond Index while TFRN.L tracks the Bloomberg US Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, TRE7.L returned 0.53%/yr vs 3.65%/yr for TFRN.L. At a 0.00 correlation, their price movements are largely independent. TRE7.L charges 0.06%/yr vs 0.15%/yr for TFRN.L.
Performance
TRE7.L vs. TFRN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRE7.L achieves a -0.12% return, which is significantly lower than TFRN.L's 1.82% return.
TRE7.L
- 1D
- 0.19%
- 1M
- 0.65%
- YTD
- -0.12%
- 6M
- 0.17%
- 1Y
- 3.00%
- 3Y*
- 3.90%
- 5Y*
- 0.53%
- 10Y*
- —
TFRN.L
- 1D
- 0.02%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.75%
- 1Y
- 4.02%
- 3Y*
- 4.68%
- 5Y*
- 3.65%
- 10Y*
- —
TRE7.L vs. TFRN.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 | -0.12% | 7.33% | 2.08% | 4.24% | -9.37% | -2.36% | 7.00% | 4.82% |
TFRN.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc | 1.82% | 4.10% | 5.44% | 4.94% | 2.04% | -0.15% | 0.57% | 1.59% |
Correlation
The correlation between TRE7.L and TFRN.L is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2019 | 0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRE7.L vs. TFRN.L — Risk / Return Rank
TRE7.L
TFRN.L
TRE7.L vs. TFRN.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 WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.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.
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.
| TRE7.L | TFRN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.63 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 4.10 | -2.92 |
| Martin ratioReturn relative to average drawdown | 3.35 | 35.75 | -32.40 |
Loading charts...
Drawdowns
TRE7.L vs. TFRN.L - Drawdown Comparison
The maximum TRE7.L drawdown since its inception was -14.10%, which is greater than TFRN.L's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for TRE7.L and TFRN.L.
Loading charts...
Drawdown Indicators
| TRE7.L | TFRN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.10% | -3.10% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -0.98% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -0.98% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -13.52% | -0.98% | -12.54% |
Current DrawdownCurrent decline from peak | -1.28% | 0.00% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -0.09% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.11% | +0.78% |
Volatility
TRE7.L vs. TFRN.L - Volatility Comparison
Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) has a higher volatility of 0.91% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.L) at 0.14%. This indicates that TRE7.L's price experiences larger fluctuations and is considered to be riskier than TFRN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRE7.L | TFRN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.14% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 0.91% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 1.92% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.76% | 1.51% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 1.88% | +2.36% |
TRE7.L vs. TFRN.L - Expense Ratio Comparison
TRE7.L has a 0.06% expense ratio, which is lower than TFRN.L'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
TRE7.L vs. TFRN.L - Dividend Comparison
TRE7.L's dividend yield for the trailing twelve months is around 4.13%, while TFRN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TFRN.L WisdomTree USD Floating Rate Treasury Bond 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 | 4.13% | 4.09% | 4.23% | 3.61% | 1.72% | 0.87% | 1.29% | 1.89% |
Frequently Asked Questions
TRE7.L and TFRN.L have a correlation of -0.00, 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 0.15% for TFRN.L.
TRE7.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while TFRN.L tracks Bloomberg US Treasury Floating Rate Bond Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.06% for TRE7.L and 0.15% for TFRN.L.
Find the right allocation for TRE7.L and TFRN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer