TRSX.L vs. NEAR
Compare and contrast key facts about SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) and iShares Short Maturity Bond ETF (NEAR).
TRSX.L and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRSX.L is a passively managed fund by State Street that tracks the performance of the Bloomberg US Government TR USD. It was launched on Feb 17, 2016. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRSX.L or NEAR.
Key characteristics
| TRSX.L | NEAR | |
|---|---|---|
| YTD Return | -0.03% | 4.16% |
| 1Y Return | 5.46% | 6.43% |
| 3Y Return (Ann) | -3.96% | 3.95% |
| 5Y Return (Ann) | -1.47% | 2.77% |
| Sharpe Ratio | 0.70 | 3.63 |
| Sortino Ratio | 1.07 | 5.65 |
| Omega Ratio | 1.13 | 1.79 |
| Calmar Ratio | 0.24 | 8.21 |
| Martin Ratio | 1.95 | 24.23 |
| Ulcer Index | 2.54% | 0.26% |
| Daily Std Dev | 7.06% | 1.73% |
| Max Drawdown | -23.60% | -9.60% |
| Current Drawdown | -16.85% | -0.76% |
Correlation
The correlation between TRSX.L and NEAR is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TRSX.L vs. NEAR - Performance Comparison
In the year-to-date period, TRSX.L achieves a -0.03% return, which is significantly lower than NEAR's 4.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TRSX.L vs. NEAR - Expense Ratio Comparison
TRSX.L has a 0.15% expense ratio, which is lower than NEAR's 0.25% 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%.
Risk-Adjusted Performance
TRSX.L vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) and iShares Short Maturity Bond ETF (NEAR). 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.
Dividends
TRSX.L vs. NEAR - Dividend Comparison
TRSX.L's dividend yield for the trailing twelve months is around 3.57%, less than NEAR's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 3.57% | 2.71% | 1.65% | 1.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 5.17% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
TRSX.L vs. NEAR - Drawdown Comparison
The maximum TRSX.L drawdown since its inception was -23.60%, which is greater than NEAR's maximum drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for TRSX.L and NEAR. For additional features, visit the drawdowns tool.
Volatility
TRSX.L vs. NEAR - Volatility Comparison
SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) has a higher volatility of 1.84% compared to iShares Short Maturity Bond ETF (NEAR) at 0.50%. This indicates that TRSX.L's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.