TRSX.L vs. SPX5.L
TRSX.L (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) and SPX5.L (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - TRSX.L is a Government Bonds fund tracking the Bloomberg US 7-10 Year Treasury Bond Index, while SPX5.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, TRSX.L returned -0.98%/yr vs 13.71%/yr for SPX5.L. At a correlation of -0.00, they often move in opposite directions. TRSX.L charges 0.05%/yr vs 0.09%/yr for SPX5.L.
Performance
TRSX.L vs. SPX5.L - Performance Comparison
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Different Trading Currencies
TRSX.L is traded in USD, while SPX5.L is traded in GBP. To make them comparable, the SPX5.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRSX.L achieves a -0.05% return, which is significantly lower than SPX5.L's 10.26% return.
TRSX.L
- 1D
- 0.23%
- 1M
- -0.00%
- YTD
- -0.05%
- 6M
- -0.58%
- 1Y
- 3.91%
- 3Y*
- 2.70%
- 5Y*
- -0.98%
- 10Y*
- —
SPX5.L
- 1D
- 0.10%
- 1M
- 4.63%
- YTD
- 10.26%
- 6M
- 11.30%
- 1Y
- 27.92%
- 3Y*
- 22.10%
- 5Y*
- 13.71%
- 10Y*
- 15.33%
TRSX.L vs. SPX5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | -0.05% | 8.02% | -0.62% | 3.29% | -14.99% | -2.94% | 9.77% | 6.30% | -2.18% | -0.07% |
SPX5.L SPDR S&P 500 UCITS ETF | 10.26% | 17.59% | 25.34% | 26.07% | -18.73% | 29.78% | 17.00% | 31.82% | -5.70% | 5.38% |
Correlation
The correlation between TRSX.L and SPX5.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | -0.00 |
The correlation between TRSX.L and SPX5.L shifts across timeframes, from -0.00 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRSX.L vs. SPX5.L — Risk / Return Rank
TRSX.L
SPX5.L
TRSX.L vs. SPX5.L - Risk-Adjusted Trends 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 SPDR S&P 500 UCITS ETF (SPX5.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.
| TRSX.L | SPX5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.45 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.22 | -1.61 |
| Martin ratioReturn relative to average drawdown | 4.19 | 13.86 | -9.67 |
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
| TRSX.L | SPX5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.51 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.88 | -1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.94 | -0.79 |
Drawdowns
TRSX.L vs. SPX5.L - Drawdown Comparison
The maximum TRSX.L drawdown since its inception was -23.50%, smaller than the maximum SPX5.L drawdown of -33.47%. Use the drawdown chart below to compare losses from any high point for TRSX.L and SPX5.L.
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Drawdown Indicators
| TRSX.L | SPX5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -33.47% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -8.64% | +4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -18.43% | +11.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -25.18% | +4.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.47% | — |
Current DrawdownCurrent decline from peak | -10.55% | -0.54% | -10.01% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -3.72% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.01% | +0.24% |
Volatility
TRSX.L vs. SPX5.L - Volatility Comparison
The current volatility for SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) is 1.87%, while SPDR S&P 500 UCITS ETF (SPX5.L) has a volatility of 2.57%. This indicates that TRSX.L experiences smaller price fluctuations and is considered to be less risky than SPX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSX.L | SPX5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 2.57% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 7.95% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 11.07% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 15.55% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 16.06% | -2.53% |
TRSX.L vs. SPX5.L - Expense Ratio Comparison
TRSX.L has a 0.05% expense ratio, which is lower than SPX5.L's 0.09% 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
TRSX.L vs. SPX5.L - Dividend Comparison
TRSX.L's dividend yield for the trailing twelve months is around 4.09%, more than SPX5.L's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPX5.L SPDR S&P 500 UCITS ETF | 0.89% | 0.98% | 1.04% | 1.21% | 1.39% | 0.98% | 1.40% | 1.76% | 1.71% | 2.36% | 1.49% | 1.68% |
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.09% | 3.93% | 3.59% | 2.71% | 1.65% | 1.02% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRSX.L and SPX5.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRSX.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRSX.L is cheaper with a 0.05% expense ratio, compared with 0.09% for SPX5.L.
TRSX.L is categorized as Government Bonds, while SPX5.L is S&P 500. TRSX.L tracks Bloomberg US 7-10 Year Treasury Bond Index, while SPX5.L tracks S&P 500 Index. Their fees differ too: 0.05% for TRSX.L and 0.09% for SPX5.L.
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