TRIS.L vs. TREI.L
TRIS.L (Invesco US Treasury Bond 0-1 Year UCITS ETF Dist) and TREI.L (Invesco US Treasury Bond 0-1 Year UCITS ETF) are both Government Bonds funds from Invesco - TRIS.L tracks the Bloomberg US Treasury Coupons Index while TREI.L tracks the Invesco US Treasury Bond 0-1 Year UCITS ETF. Both are passively managed. Over the past 5 years, TRIS.L returned 3.58%/yr vs 3.99%/yr for TREI.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
TRIS.L vs. TREI.L - Performance Comparison
Loading charts...
Different Trading Currencies
TRIS.L is traded in GBp, while TREI.L is traded in USD. To make them comparable, the TREI.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRIS.L achieves a 1.55% return, which is significantly lower than TREI.L's 2.42% return.
TRIS.L
- 1D
- -0.64%
- 1M
- -0.12%
- 6M
- 1.38%
- YTD
- 1.55%
- 1Y
- 2.23%
- 3Y*
- 3.33%
- 5Y*
- 3.58%
- 10Y*
- —
TREI.L
- 1D
- -0.31%
- 1M
- 0.38%
- 6M
- 2.09%
- YTD
- 2.42%
- 1Y
- 3.88%
- 3Y*
- 3.85%
- 5Y*
- 3.99%
- 10Y*
- —
TRIS.L vs. TREI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 1.55% | -3.73% | 6.84% | -0.75% | 12.57% | 1.25% | -26.09% |
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF | 2.42% | -3.12% | 7.01% | -0.27% | 12.48% | 0.92% | -3.42% |
Correlation
The correlation between TRIS.L and TREI.L is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.81 |
The correlation between TRIS.L and TREI.L has been stable across timeframes, ranging from 0.78 to 0.81 - 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
TRIS.L vs. TREI.L — Risk / Return Rank
TRIS.L
TREI.L
TRIS.L vs. TREI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF (TREI.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.
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.
| TRIS.L | TREI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 0.83 | -0.42 |
| Martin ratioReturn relative to average drawdown | 0.97 | 2.27 | -1.30 |
Loading charts...
Drawdowns
TRIS.L vs. TREI.L - Drawdown Comparison
The maximum TRIS.L drawdown since its inception was -28.86%, which is greater than TREI.L's maximum drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for TRIS.L and TREI.L.
Loading charts...
Drawdown Indicators
| TRIS.L | TREI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.86% | -19.00% | -9.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -5.11% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -9.81% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.37% | -15.98% | +0.61% |
Current DrawdownCurrent decline from peak | -12.69% | -5.65% | -7.04% |
Average DrawdownAverage peak-to-trough decline | -17.94% | -10.06% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.87% | +0.43% |
Volatility
TRIS.L vs. TREI.L - Volatility Comparison
Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF (TREI.L) have volatilities of 1.80% and 1.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRIS.L | TREI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.80% | 1.74% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.80% | 5.04% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 6.59% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 8.41% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 8.77% | +3.93% |
TRIS.L vs. TREI.L - Expense Ratio Comparison
Both TRIS.L and TREI.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRIS.L vs. TREI.L - Dividend Comparison
TRIS.L's dividend yield for the trailing twelve months is around 2.95%, less than TREI.L's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TREI.L Invesco US Treasury Bond 0-1 Year UCITS ETF | 3.92% | 4.23% | 4.98% | 4.59% | 1.51% | 0.10% | 0.69% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 2.95% | 3.27% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% |
Frequently Asked Questions
TRIS.L and TREI.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRIS.L and TREI.L have the same expense ratio: 0.06% per year.
TRIS.L tracks Bloomberg US Treasury Coupons Index, while TREI.L tracks Invesco US Treasury Bond 0-1 Year UCITS ETF.
Find the right allocation for TRIS.L and TREI.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