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TREX.L vs. IDTL.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TREX.L vs. IDTL.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) and iShares Treasury Bond 20+ UCITS (IDTL.L).

TREX.L and IDTL.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. IDTL.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jan 20, 2015. Both TREX.L and IDTL.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. IDTL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) and iShares Treasury Bond 20+ UCITS (IDTL.L). The values are adjusted to include any dividend payments, if applicable.

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TREX.L vs. IDTL.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%
IDTL.L
iShares Treasury Bond 20+ UCITS		-0.74%4.67%-7.18%2.22%-30.42%-4.71%17.11%15.94%

Returns By Period

In the year-to-date period, TREX.L achieves a -0.44% return, which is significantly higher than IDTL.L's -0.74% 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*
—

IDTL.L

1D
0.29%
1M
-2.85%
YTD
-0.74%
6M
-0.52%
1Y
-0.93%
3Y*
-2.32%
5Y*
-5.63%
10Y*
-1.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Invesco US Treasury Bond 7-10 Year UCITS ETF Dist

iShares Treasury Bond 20+ UCITS

Often compared with TREX.L:
TREX.L vs. IBTM.LTREX.L vs. PRIT.LTREX.L vs. BBM3.LTREX.L vs. VDST.LTREX.L vs. VDTA.LTREX.L vs. BBRT.LTREX.L vs. CU31.L
Often compared with IDTL.L:
IDTL.L vs. DTLA.LIDTL.L vs. TLTIDTL.L vs. IBTLIDTL.L vs. IS04.DEIDTL.L vs. IBTA.LIDTL.L vs. ZROZIDTL.L vs. GLAD.L

TREX.L vs. IDTL.L - Expense Ratio Comparison

TREX.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%.

IDTL.L
iShares Treasury Bond 20+ UCITS
TREX.L
Invesco US Treasury Bond 7-10 Year UCITS ETF Dist

Return for Risk

TREX.L vs. IDTL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TREX.L
TREX.L Risk / Return Rank: 3131
Overall Rank
TREX.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
TREX.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
TREX.L Omega Ratio Rank: 3030
Omega Ratio Rank
TREX.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
TREX.L Martin Ratio Rank: 2727
Martin Ratio Rank
IDTL.L
IDTL.L Risk / Return Rank: 1010
Overall Rank
IDTL.L Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
IDTL.L Sortino Ratio Rank: 99
Sortino Ratio Rank
IDTL.L Omega Ratio Rank: 99
Omega Ratio Rank
IDTL.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
IDTL.L Martin Ratio Rank: 1111
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TREX.L vs. IDTL.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 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.

TREX.LIDTL.LDifference

Sharpe ratio

Return per unit of total volatility

0.72

-0.08

+0.80

Sortino ratio

Return per unit of downside risk

1.05

-0.03

+1.08

Omega ratio

Gain probability vs. loss probability

1.13

1.00

+0.14

Calmar ratio

Return relative to maximum drawdown

0.98

-0.05

+1.03

Martin ratio

Return relative to average drawdown

2.74

-0.10

+2.84

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TREX.L vs. IDTL.L - Sharpe Ratio Comparison

The current TREX.L Sharpe Ratio is 0.72, which is higher than the IDTL.L Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of TREX.L and IDTL.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TREX.LIDTL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.72

-0.08

+0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.08

-0.38

+0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.09

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

-0.08

+0.24

Correlation

The correlation between TREX.L and IDTL.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. IDTL.L - Dividend Comparison

TREX.L's dividend yield for the trailing twelve months is around 4.28%, less than IDTL.L's 4.35% yield.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%0.00%
IDTL.L
iShares Treasury Bond 20+ UCITS		4.35%4.31%4.65%3.79%3.01%1.74%1.76%2.49%2.79%2.60%2.63%2.14%

Drawdowns

TREX.L vs. IDTL.L - Drawdown Comparison

The maximum TREX.L drawdown since its inception was -23.36%, smaller than the maximum IDTL.L drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for TREX.L and IDTL.L.

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Drawdown Indicators

TREX.LIDTL.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.36%

-48.31%

+24.95%

Max Drawdown (1Y)

Largest decline over 1 year

-4.12%

-9.78%

+5.66%

Max Drawdown (5Y)

Largest decline over 5 years

-20.95%

-42.95%

+22.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-48.31%

—

Current Drawdown

Current decline from peak

-9.95%

-40.12%

+30.17%

Average Drawdown

Average peak-to-trough decline

-9.97%

-20.11%

+10.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.47%

4.96%

-3.49%

Volatility

TREX.L vs. IDTL.L - Volatility Comparison

The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TREX.L) is 1.67%, while iShares Treasury Bond 20+ UCITS (IDTL.L) has a volatility of 3.28%. This indicates that TREX.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.

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Volatility by Period

TREX.LIDTL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.67%

3.28%

-1.61%

Volatility (6M)

Calculated over the trailing 6-month period

3.00%

6.57%

-3.57%

Volatility (1Y)

Calculated over the trailing 1-year period

5.30%

11.82%

-6.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.46%

14.99%

-7.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.96%

14.62%

-7.66%