TREX.L vs. DTLA.L
Compare and contrast key facts about Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L).
TREX.L and DTLA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TREX.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Treasury 7-10 Year Index. It was launched on Feb 20, 2024. DTLA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on May 10, 2018. Both TREX.L and DTLA.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
TREX.L vs. DTLA.L - Performance Comparison
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TREX.L vs. DTLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TREX.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | -0.44% | 8.42% | -0.22% | 3.57% | -14.95% | -3.02% | 9.77% | 7.52% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.48% | 4.47% | -6.97% | 1.69% | -30.29% | -4.46% | 17.00% | 16.03% |
Returns By Period
In the year-to-date period, TREX.L achieves a -0.44% return, which is significantly higher than DTLA.L's -0.48% return.
TREX.L
- 1D
- 0.18%
- 1M
- -1.64%
- YTD
- -0.44%
- 6M
- 0.80%
- 1Y
- 3.81%
- 3Y*
- 2.58%
- 5Y*
- -0.58%
- 10Y*
- —
DTLA.L
- 1D
- 0.45%
- 1M
- -2.75%
- YTD
- -0.48%
- 6M
- -0.36%
- 1Y
- -0.88%
- 3Y*
- -2.22%
- 5Y*
- -5.60%
- 10Y*
- —
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TREX.L vs. DTLA.L - Expense Ratio Comparison
TREX.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%.
Return for Risk
TREX.L vs. DTLA.L — Risk / Return Rank
TREX.L
DTLA.L
TREX.L vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.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.
| TREX.L | DTLA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | -0.07 | +0.80 |
Sortino ratioReturn per unit of downside risk | 1.05 | -0.02 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.00 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.07 | +1.05 |
Martin ratioReturn relative to average drawdown | 2.74 | -0.14 | +2.88 |
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
| TREX.L | DTLA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | -0.07 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.37 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.07 | +0.24 |
Correlation
The correlation between TREX.L and DTLA.L is 0.89, 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
TREX.L vs. DTLA.L - Dividend Comparison
TREX.L's dividend yield for the trailing twelve months is around 4.28%, while DTLA.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TREX.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | 4.28% | 4.23% | 4.34% | 3.48% | 2.41% | 1.63% | 1.81% | 1.10% |
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% |
Drawdowns
TREX.L vs. DTLA.L - Drawdown Comparison
The maximum TREX.L drawdown since its inception was -23.36%, smaller than the maximum DTLA.L drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for TREX.L and DTLA.L.
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Drawdown Indicators
| TREX.L | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -48.47% | +25.11% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -9.64% | +5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -20.95% | -42.87% | +21.92% |
Current DrawdownCurrent decline from peak | -9.95% | -40.22% | +30.27% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -23.71% | +13.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 4.76% | -3.29% |
Volatility
TREX.L vs. DTLA.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) is 1.67%, while iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a volatility of 3.20%. This indicates that TREX.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
| TREX.L | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 3.20% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 6.33% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.30% | 11.77% | -6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 14.93% | -7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 14.87% | -7.91% |