TRSX.L vs. USTY.L
TRSX.L (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) and USTY.L (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds from State Street - TRSX.L tracks the Bloomberg US 7-10 Year Treasury Bond Index while USTY.L tracks the Bloomberg US Treasury Index. Both are passively managed. Over the past 5 years, TRSX.L returned -0.98%/yr vs 0.31%/yr for USTY.L. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.05% expense ratio.
Performance
TRSX.L vs. USTY.L - Performance Comparison
Loading charts...
Different Trading Currencies
TRSX.L is traded in USD, while USTY.L is traded in GBP. To make them comparable, the USTY.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 USTY.L's 0.41% 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*
- —
USTY.L
- 1D
- 0.26%
- 1M
- 0.28%
- YTD
- 0.41%
- 6M
- 0.90%
- 1Y
- 5.00%
- 3Y*
- 3.82%
- 5Y*
- 0.31%
- 10Y*
- 1.54%
TRSX.L vs. USTY.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% |
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 0.41% | 7.65% | 1.64% | 3.84% | -12.17% | -1.76% | 7.78% | 8.38% | 1.15% | -0.20% |
Correlation
The correlation between TRSX.L and USTY.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.19 |
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
TRSX.L vs. USTY.L — Risk / Return Rank
TRSX.L
USTY.L
TRSX.L vs. USTY.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 Bloomberg US Treasury Bond UCITS ETF (USTY.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 | USTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.46 | +0.15 |
| Martin ratioReturn relative to average drawdown | 4.19 | 4.56 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TRSX.L | USTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.94 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.04 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.26 | -0.12 |
Drawdowns
TRSX.L vs. USTY.L - Drawdown Comparison
The maximum TRSX.L drawdown since its inception was -23.50%, which is greater than USTY.L's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for TRSX.L and USTY.L.
Loading charts...
Drawdown Indicators
| TRSX.L | USTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.50% | -18.61% | -4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -4.05% | -3.42% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -5.11% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -16.44% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.61% | — |
Current DrawdownCurrent decline from peak | -10.55% | -3.73% | -6.82% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -5.80% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.09% | +1.16% |
Volatility
TRSX.L vs. USTY.L - Volatility Comparison
SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) has a higher volatility of 1.87% compared to SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) at 1.73%. This indicates that TRSX.L's price experiences larger fluctuations and is considered to be riskier than USTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRSX.L | USTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 1.73% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.46% | 3.97% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 5.33% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 7.13% | +6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 6.86% | +6.67% |
TRSX.L vs. USTY.L - Expense Ratio Comparison
Both TRSX.L and USTY.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRSX.L vs. USTY.L - Dividend Comparison
TRSX.L's dividend yield for the trailing twelve months is around 4.09%, less than USTY.L's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 4.87% | 4.61% | 3.81% | 2.81% | 1.57% | 1.31% | 2.49% | 2.79% | 2.11% | 2.11% | 1.66% |
Frequently Asked Questions
TRSX.L and USTY.L have a correlation of 0.25, 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 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRSX.L and USTY.L have the same expense ratio: 0.05% per year.
TRSX.L tracks Bloomberg US 7-10 Year Treasury Bond Index, while USTY.L tracks Bloomberg US Treasury Index.
Find the right allocation for TRSX.L and USTY.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