TRES.L vs. IDTL.L
TRES.L (Invesco US Treasury Bond UCITS ETF Dist) and IDTL.L (iShares Treasury Bond 20+ UCITS) are both Government Bonds funds - TRES.L tracks the Bloomberg US Treasury Index while IDTL.L tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 5 years, TRES.L returned -0.40%/yr vs -6.14%/yr for IDTL.L. Their correlation of 0.84 suggests significant overlap in exposure. TRES.L charges 0.06%/yr vs 0.07%/yr for IDTL.L.
Performance
TRES.L vs. IDTL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRES.L achieves a -0.48% return, which is significantly higher than IDTL.L's -1.49% return.
TRES.L
- 1D
- -0.21%
- 1M
- -0.22%
- YTD
- -0.48%
- 6M
- -0.24%
- 1Y
- 3.85%
- 3Y*
- 2.81%
- 5Y*
- -0.40%
- 10Y*
- —
IDTL.L
- 1D
- -0.47%
- 1M
- 0.00%
- YTD
- -1.49%
- 6M
- -1.72%
- 1Y
- 4.70%
- 3Y*
- -1.74%
- 5Y*
- -6.14%
- 10Y*
- -1.58%
TRES.L vs. IDTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRES.L Invesco US Treasury Bond UCITS ETF Dist | -0.48% | 6.57% | 0.75% | 3.82% | -12.15% | -2.44% | 8.00% | 5.79% |
IDTL.L iShares Treasury Bond 20+ UCITS | -1.49% | 4.67% | -7.18% | 2.22% | -30.42% | -4.71% | 17.11% | 14.57% |
Correlation
The correlation between TRES.L and IDTL.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.84 |
The correlation between TRES.L and IDTL.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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
TRES.L vs. IDTL.L — Risk / Return Rank
TRES.L
IDTL.L
TRES.L vs. IDTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF Dist (TRES.L) and iShares Treasury Bond 20+ UCITS (IDTL.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.
| TRES.L | IDTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.61 | +0.70 |
| Martin ratioReturn relative to average drawdown | 4.11 | 1.55 | +2.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TRES.L | IDTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.47 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.41 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.08 | +0.30 |
Drawdowns
TRES.L vs. IDTL.L - Drawdown Comparison
The maximum TRES.L drawdown since its inception was -18.77%, smaller than the maximum IDTL.L drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for TRES.L and IDTL.L.
Loading charts...
Drawdown Indicators
| TRES.L | IDTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.77% | -48.31% | +29.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -7.62% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.16% | -18.49% | +13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.40% | -42.95% | +26.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.31% | — |
Current DrawdownCurrent decline from peak | -6.94% | -40.58% | +33.64% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -20.40% | +11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.02% | -2.08% |
Volatility
TRES.L vs. IDTL.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF Dist (TRES.L) is 1.36%, while iShares Treasury Bond 20+ UCITS (IDTL.L) has a volatility of 3.32%. This indicates that TRES.L experiences smaller price fluctuations and is considered to be less risky than IDTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRES.L | IDTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 3.32% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 6.67% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 9.89% | -5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.73% | 14.99% | -9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.67% | 14.62% | -8.95% |
TRES.L vs. IDTL.L - Expense Ratio Comparison
TRES.L has a 0.06% expense ratio, which is lower than IDTL.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
TRES.L vs. IDTL.L - Dividend Comparison
TRES.L's dividend yield for the trailing twelve months is around 4.26%, less than IDTL.L's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDTL.L iShares Treasury Bond 20+ UCITS | 4.38% | 4.31% | 4.65% | 3.79% | 3.01% | 1.74% | 1.76% | 2.49% | 2.79% | 2.60% | 2.63% | 2.14% |
TRES.L Invesco US Treasury Bond UCITS ETF Dist | 4.26% | 4.19% | 4.26% | 3.78% | 1.96% | 1.14% | 1.58% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRES.L and IDTL.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRES.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRES.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IDTL.L.
TRES.L tracks Bloomberg US Treasury Index, while IDTL.L tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRES.L and 0.07% for IDTL.L.
Find the right allocation for TRES.L and IDTL.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