TRSG.L vs. UB82.L

Last updated Jun 5, 2026

TRSG.L (Invesco US Treasury Bond UCITS ETF Dist) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - TRSG.L tracks the Bloomberg US Treasury Index while UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, TRSG.L returned 0.70%/yr vs 0.05%/yr for UB82.L. At a 0.44 correlation, their price movements are largely independent. TRSG.L charges 0.06%/yr vs 0.05%/yr for UB82.L.

Performance

TRSG.L vs. UB82.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Treasury Bond UCITS ETF Dist (TRSG.L) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRSG.L achieves a -0.08% return, which is significantly lower than UB82.L's 0.06% return.

TRSG.L

• 1D: 0.21%
• 1M: 0.99%
• YTD: -0.08%
• 6M: -0.58%
• 1Y: 4.80%
• 3Y*: 0.25%
• 5Y*: 0.70%
• 10Y*: —

UB82.L

• 1D: 0.17%
• 1M: 0.99%
• YTD: 0.06%
• 6M: -0.47%
• 1Y: 4.50%
• 3Y*: -0.26%
• 5Y*: 0.05%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRSG.L vs. UB82.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TRSG.L Invesco US Treasury Bond UCITS ETF Dist	-0.08%	-0.91%	2.57%	-1.87%	-1.86%	-1.12%	4.13%	4.56%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	0.06%	0.56%	0.48%	-3.11%	-6.16%	-0.72%	4.31%	7.03%

Correlation

The correlation between TRSG.L and UB82.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019	0.44

Over the past year, TRSG.L and UB82.L have become more correlated (0.88) than their long-term average of 0.44, meaning their price movements have been converging.

Return for Risk

TRSG.L vs. UB82.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRSG.L

TRSG.L Risk / Return Rank: 21
TRSG.L Sharpe Ratio Rank: 22
TRSG.L Sortino Ratio Rank: 22
TRSG.L Omega Ratio Rank: 21
TRSG.L Calmar Ratio Rank: 20
TRSG.L Martin Ratio Rank: 19

UB82.L

UB82.L Risk / Return Rank: 21
UB82.L Sharpe Ratio Rank: 22
UB82.L Sortino Ratio Rank: 21
UB82.L Omega Ratio Rank: 20
UB82.L Calmar Ratio Rank: 22
UB82.L Martin Ratio Rank: 21

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.

TRSG.L vs. UB82.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF Dist (TRSG.L) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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.

	TRSG.L	UB82.L	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.72	+0.03
Sortino ratio: Return per unit of downside risk	1.14	1.09	+0.05
Omega ratio: Gain probability vs. loss probability	1.13	1.13	+0.01
Calmar ratio: Return relative to maximum drawdown	0.87	0.98	-0.11
Martin ratio: Return relative to average drawdown	2.08	2.38	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRSG.L vs. UB82.L - Sharpe Ratio Comparison

The current TRSG.L Sharpe Ratio is 0.75, which is comparable to the UB82.L Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of TRSG.L and UB82.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRSG.L	UB82.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	0.72	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.01	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.13	-0.05

Drawdowns

TRSG.L vs. UB82.L - Drawdown Comparison

The maximum TRSG.L drawdown since its inception was -23.68%, roughly equal to the maximum UB82.L drawdown of -23.85%. Use the drawdown chart below to compare losses from any high point for TRSG.L and UB82.L.

Drawdown Indicators

	TRSG.L	UB82.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.68%	-23.85%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-5.24%	-4.86%	-0.38%
Max Drawdown (3Y) Largest decline over 3 years	-8.17%	-7.79%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-16.12%	-16.39%	+0.27%
Current Drawdown Current decline from peak	-18.65%	-19.18%	+0.53%
Average Drawdown Average peak-to-trough decline	-15.47%	-16.84%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.15%	+0.03%

Volatility

TRSG.L vs. UB82.L - Volatility Comparison

Invesco US Treasury Bond UCITS ETF Dist (TRSG.L) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) have volatilities of 1.47% and 1.49%, 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.

Volatility by Period

	TRSG.L	UB82.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	1.49%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	4.45%	4.44%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	6.05%	6.57%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.71%	12.53%	-3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.42%	15.99%	-6.57%

TRSG.L vs. UB82.L - Expense Ratio Comparison

TRSG.L has a 0.06% expense ratio, which is higher than UB82.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TRSG.L vs. UB82.L - Dividend Comparison

TRSG.L's dividend yield for the trailing twelve months is around 4.24%, more than UB82.L's 3.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TRSG.L Invesco US Treasury Bond UCITS ETF Dist	4.24%	4.22%	4.16%	3.85%	1.94%	1.12%	1.69%	2.01%	0.00%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.10%	2.20%	2.52%	2.82%	1.33%	0.99%	1.81%	1.93%	2.69%

Frequently Asked Questions

Can I hold both TRSG.L and UB82.L in my portfolio?

TRSG.L and UB82.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRSG.L or UB82.L?

On fees, UB82.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRSG.L or UB82.L?

UB82.L is cheaper with a 0.05% expense ratio, compared with 0.06% for TRSG.L.

What is the main difference between TRSG.L and UB82.L?

TRSG.L tracks Bloomberg US Treasury Index, while UB82.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.06% for TRSG.L and 0.05% for UB82.L.