TRS5.L vs. U10G.L
TRS5.L (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and U10G.L (Amundi US Treasury Bond 10+Y UCITS ETF Dist) are both Government Bonds funds - TRS5.L tracks the Bloomberg US 3-7 Year Treasury Bond Index while U10G.L tracks the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 10 years, TRS5.L returned 0.83%/yr vs -4.02%/yr for U10G.L. A 0.71 correlation means they provide meaningful diversification when combined. TRS5.L charges 0.05%/yr vs 0.06%/yr for U10G.L.
Performance
TRS5.L vs. U10G.L - Performance Comparison
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Different Trading Currencies
TRS5.L is traded in USD, while U10G.L is traded in GBp. To make them comparable, the U10G.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRS5.L achieves a -0.40% return, which is significantly higher than U10G.L's -1.03% return. Over the past 10 years, TRS5.L has outperformed U10G.L with an annualized return of 0.83%, while U10G.L has yielded a comparatively lower -4.02% annualized return.
TRS5.L
- 1D
- 0.18%
- 1M
- -0.11%
- YTD
- -0.40%
- 6M
- -0.08%
- 1Y
- 3.24%
- 3Y*
- 3.66%
- 5Y*
- 0.31%
- 10Y*
- 0.83%
U10G.L
- 1D
- 0.38%
- 1M
- 0.67%
- YTD
- -1.03%
- 6M
- -4.15%
- 1Y
- 0.80%
- 3Y*
- -3.82%
- 5Y*
- -7.92%
- 10Y*
- -4.02%
TRS5.L vs. U10G.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | -0.40% | 7.27% | 2.02% | 4.16% | -9.49% | -2.44% | 6.80% | 4.29% | -0.46% | -0.42% |
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | -1.03% | 2.11% | -8.79% | -0.84% | -30.85% | -6.60% | 13.59% | 12.51% | -4.74% | 4.62% |
Correlation
The correlation between TRS5.L and U10G.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 6, 2016 | 0.71 |
The correlation between TRS5.L and U10G.L shifts across timeframes, from 0.61 (1 year) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRS5.L vs. U10G.L — Risk / Return Rank
TRS5.L
U10G.L
TRS5.L vs. U10G.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) and Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.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.
| TRS5.L | U10G.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.02 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 0.08 | +1.22 |
| Martin ratioReturn relative to average drawdown | 4.14 | 0.18 | +3.96 |
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
| TRS5.L | U10G.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.08 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.54 | +0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | -0.26 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.25 | +0.47 |
Drawdowns
TRS5.L vs. U10G.L - Drawdown Comparison
The maximum TRS5.L drawdown since its inception was -14.35%, smaller than the maximum U10G.L drawdown of -50.30%. Use the drawdown chart below to compare losses from any high point for TRS5.L and U10G.L.
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Drawdown Indicators
| TRS5.L | U10G.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.35% | -50.30% | +35.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -9.49% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -17.10% | +13.40% |
Max Drawdown (5Y)Largest decline over 5 years | -13.64% | -42.52% | +28.88% |
Max Drawdown (10Y)Largest decline over 10 years | -14.35% | -50.30% | +35.95% |
Current DrawdownCurrent decline from peak | -1.60% | -47.31% | +45.71% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -25.69% | +21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 4.44% | -3.66% |
Volatility
TRS5.L vs. U10G.L - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) is 1.15%, while Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) has a volatility of 2.94%. This indicates that TRS5.L experiences smaller price fluctuations and is considered to be less risky than U10G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRS5.L | U10G.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.94% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 7.83% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 10.36% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 14.67% | -9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 15.46% | -11.65% |
TRS5.L vs. U10G.L - Expense Ratio Comparison
TRS5.L has a 0.05% expense ratio, which is lower than U10G.L's 0.06% 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
TRS5.L vs. U10G.L - Dividend Comparison
TRS5.L's dividend yield for the trailing twelve months is around 3.93%, more than U10G.L's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.93% | 3.68% | 3.24% | 1.97% | 1.12% | 0.98% | 1.66% | 1.09% | 0.00% | 0.00% | 0.00% |
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.04% |
Frequently Asked Questions
TRS5.L and U10G.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRS5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRS5.L is cheaper with a 0.05% expense ratio, compared with 0.06% for U10G.L.
TRS5.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while U10G.L tracks Bloomberg US Long Treasury Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.05% for TRS5.L and 0.06% for U10G.L.
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