TREI.L vs. TRIA.L
TREI.L (Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist)) and TRIA.L (Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc)) are both Government Bonds funds from Invesco tracking the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, TREI.L returned 3.34%/yr vs 3.35%/yr for TRIA.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
TREI.L vs. TRIA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TREI.L having a 1.85% return and TRIA.L slightly lower at 1.84%.
TREI.L
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.67%
- YTD
- 1.85%
- 1Y
- 3.96%
- 3Y*
- 4.65%
- 5Y*
- 3.34%
- 10Y*
- —
TRIA.L
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.69%
- YTD
- 1.84%
- 1Y
- 3.98%
- 3Y*
- 4.66%
- 5Y*
- 3.35%
- 10Y*
- —
TREI.L vs. TRIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) | 1.85% | 4.31% | 5.17% | 4.98% | 0.53% | -0.02% | 1.12% |
TRIA.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 1.84% | 4.33% | 5.17% | 4.97% | 0.53% | -0.00% | 1.10% |
Correlation
The correlation between TREI.L and TRIA.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.61 |
The correlation between TREI.L and TRIA.L shifts across timeframes, from 0.42 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TREI.L vs. TRIA.L — Risk / Return Rank
TREI.L
TRIA.L
TREI.L vs. TRIA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) (TREI.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (TRIA.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.
| TREI.L | TRIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.67 | ||
| Sortino ratioReturn per unit of downside risk | +8.23 | ||
| Omega ratioGain probability vs. loss probability | 4.76 | 2.43 | +2.33 |
| Calmar ratioReturn relative to maximum drawdown | 13.38 | 3.25 | +10.13 |
| Martin ratioReturn relative to average drawdown | 162.04 | 9.19 | +152.85 |
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Drawdowns
TREI.L vs. TRIA.L - Drawdown Comparison
The maximum TREI.L drawdown since its inception was -0.68%, smaller than the maximum TRIA.L drawdown of -1.22%. Use the drawdown chart below to compare losses from any high point for TREI.L and TRIA.L.
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Drawdown Indicators
| TREI.L | TRIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.68% | -1.22% | +0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.29% | -1.22% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -0.29% | -1.22% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -0.67% | -1.22% | +0.55% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.09% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.43% | -0.41% |
Volatility
TREI.L vs. TRIA.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) (TREI.L) is 0.11%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (TRIA.L) has a volatility of 0.13%. This indicates that TREI.L experiences smaller price fluctuations and is considered to be less risky than TRIA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TREI.L | TRIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 0.13% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 1.99% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.59% | 2.01% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.55% | 1.01% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.56% | 0.93% | -0.37% |
TREI.L vs. TRIA.L - Expense Ratio Comparison
Both TREI.L and TRIA.L 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
TREI.L vs. TRIA.L - Dividend Comparison
TREI.L's dividend yield for the trailing twelve months is around 3.92%, while TRIA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Dist) | 3.92% | 4.23% | 4.98% | 4.59% | 1.51% | 0.10% | 0.69% |
TRIA.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TREI.L and TRIA.L have a correlation of 0.42, 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.
TREI.L and TRIA.L have the same expense ratio: 0.06% per year.
Both ETFs track Bloomberg US Treasury Coupons Index.
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