TREX.L vs. IB01.L
Compare and contrast key facts about Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L).
TREX.L and IB01.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. IB01.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Feb 20, 2019. Both TREX.L and IB01.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. IB01.L - Performance Comparison
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TREX.L vs. IB01.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% | 6.82% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.86% | 4.34% | 5.25% | 4.92% | 1.08% | 0.00% | 0.88% | 2.01% |
Returns By Period
In the year-to-date period, TREX.L achieves a -0.44% return, which is significantly lower than IB01.L's 0.86% 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*
- —
IB01.L
- 1D
- 0.07%
- 1M
- 0.32%
- YTD
- 0.86%
- 6M
- 1.89%
- 1Y
- 4.12%
- 3Y*
- 4.75%
- 5Y*
- 3.27%
- 10Y*
- —
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TREX.L vs. IB01.L - Expense Ratio Comparison
TREX.L has a 0.06% expense ratio, which is lower than IB01.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. IB01.L — Risk / Return Rank
TREX.L
IB01.L
TREX.L vs. IB01.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 0-1yr UCITS ETF (Acc) (IB01.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 | IB01.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 11.48 | -10.76 |
Sortino ratioReturn per unit of downside risk | 1.05 | 30.08 | -29.03 |
Omega ratioGain probability vs. loss probability | 1.13 | 7.77 | -6.63 |
Calmar ratioReturn relative to maximum drawdown | 0.98 | 47.46 | -46.48 |
Martin ratioReturn relative to average drawdown | 2.74 | 455.81 | -453.07 |
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 | IB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 11.48 | -10.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 8.91 | -8.99 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 3.73 | -3.56 |
Correlation
The correlation between TREX.L and IB01.L is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TREX.L vs. IB01.L - Dividend Comparison
TREX.L's dividend yield for the trailing twelve months is around 4.28%, while IB01.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% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TREX.L vs. IB01.L - Drawdown Comparison
The maximum TREX.L drawdown since its inception was -23.36%, which is greater than IB01.L's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for TREX.L and IB01.L.
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Drawdown Indicators
| TREX.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -0.91% | -22.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -0.09% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.95% | -0.29% | -20.66% |
Current DrawdownCurrent decline from peak | -9.95% | 0.00% | -9.95% |
Average DrawdownAverage peak-to-trough decline | -9.97% | -0.08% | -9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 0.01% | +1.46% |
Volatility
TREX.L vs. IB01.L - Volatility Comparison
Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) has a higher volatility of 1.67% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 0.11%. This indicates that TREX.L's price experiences larger fluctuations and is considered to be riskier than IB01.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 | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.11% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 0.25% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.30% | 0.36% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 0.37% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 0.72% | +6.24% |