TRFE.DE vs. WDTE.DE
TRFE.DE (Invesco US Treasury Bond UCITS ETF EUR Hdg Dist) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both exchange-traded funds - TRFE.DE is a Government Bonds fund tracking the Bloomberg U.S. Treasury Total Return Index, while WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, TRFE.DE returned 1.17%/yr vs 22.74%/yr for WDTE.DE. At a correlation of -0.06, they often move in opposite directions. TRFE.DE charges 0.10%/yr vs 0.18%/yr for WDTE.DE.
Performance
TRFE.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TRFE.DE achieves a -1.24% return, which is significantly lower than WDTE.DE's 11.66% return.
TRFE.DE
- 1D
- -0.16%
- 1M
- 0.24%
- 6M
- -0.59%
- YTD
- -1.24%
- 1Y
- 1.02%
- 3Y*
- 1.17%
- 5Y*
- —
- 10Y*
- —
WDTE.DE
- 1D
- 0.00%
- 1M
- -8.03%
- 6M
- 12.16%
- YTD
- 11.66%
- 1Y
- 23.52%
- 3Y*
- 22.74%
- 5Y*
- —
- 10Y*
- —
TRFE.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | -1.24% | 4.63% | -1.17% | -0.53% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 11.66% | 6.19% | 42.11% | 32.50% |
Correlation
The correlation between TRFE.DE and WDTE.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | -0.06 |
The correlation between TRFE.DE and WDTE.DE shifts across timeframes, from -0.06 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRFE.DE vs. WDTE.DE — Risk / Return Rank
TRFE.DE
WDTE.DE
TRFE.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) and Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE). 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.
| TRFE.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.50 | -1.20 |
| Martin ratioReturn relative to average drawdown | 0.79 | 3.72 | -2.94 |
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Drawdowns
TRFE.DE vs. WDTE.DE - Drawdown Comparison
The maximum TRFE.DE drawdown since its inception was -17.11%, smaller than the maximum WDTE.DE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for TRFE.DE and WDTE.DE.
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Drawdown Indicators
| TRFE.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.11% | -28.19% | +11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -15.79% | +12.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.46% | -28.19% | +22.73% |
Current DrawdownCurrent decline from peak | -9.71% | -9.06% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -5.02% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 6.33% | -5.04% |
Volatility
TRFE.DE vs. WDTE.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF EUR Hdg Dist (TRFE.DE) is 0.87%, while Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a volatility of 7.51%. This indicates that TRFE.DE experiences smaller price fluctuations and is considered to be less risky than WDTE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRFE.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 7.51% | -6.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 16.55% | -13.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 20.88% | -16.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 21.88% | -10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.23% | 21.88% | -10.65% |
TRFE.DE vs. WDTE.DE - Expense Ratio Comparison
TRFE.DE has a 0.10% expense ratio, which is lower than WDTE.DE's 0.18% 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
TRFE.DE vs. WDTE.DE - Dividend Comparison
TRFE.DE's dividend yield for the trailing twelve months is around 4.27%, while WDTE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TRFE.DE Invesco US Treasury Bond UCITS ETF EUR Hdg Dist | 4.27% | 4.10% | 4.30% | 3.77% | 1.74% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRFE.DE and WDTE.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRFE.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for WDTE.DE.
TRFE.DE is categorized as Government Bonds, while WDTE.DE is Technology Equities. TRFE.DE tracks Bloomberg U.S. Treasury Total Return Index, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Their fees differ too: 0.10% for TRFE.DE and 0.18% for WDTE.DE.
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