TRSY vs. IEZ
TRSY (Xtrackers US 0-1 Year Treasury ETF) and IEZ (iShares U.S. Oil Equipment & Services ETF) are both exchange-traded funds - TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while IEZ is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Equipment & Services Index. Both are passively managed. Over the past year, TRSY returned 3.95% vs 91.49% for IEZ. At a correlation of -0.18, they often move in opposite directions. TRSY charges 0.06%/yr vs 0.42%/yr for IEZ.
Performance
TRSY vs. IEZ - Performance Comparison
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Returns By Period
In the year-to-date period, TRSY achieves a 1.48% return, which is significantly lower than IEZ's 50.77% return.
TRSY
- 1D
- -0.02%
- 1M
- 0.30%
- YTD
- 1.48%
- 6M
- 1.76%
- 1Y
- 3.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEZ
- 1D
- 1.98%
- 1M
- -1.10%
- YTD
- 50.77%
- 6M
- 43.85%
- 1Y
- 91.49%
- 3Y*
- 20.68%
- 5Y*
- 14.36%
- 10Y*
- -0.66%
TRSY vs. IEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TRSY Xtrackers US 0-1 Year Treasury ETF | 1.48% | 4.22% | 1.07% |
IEZ iShares U.S. Oil Equipment & Services ETF | 50.77% | 7.51% | -4.49% |
Correlation
The correlation between TRSY and IEZ is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.18 |
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Return for Risk
TRSY vs. IEZ — Risk / Return Rank
TRSY
IEZ
TRSY vs. IEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US 0-1 Year Treasury ETF (TRSY) and iShares U.S. Oil Equipment & Services ETF (IEZ). 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.
| TRSY | IEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.17 | ||
| Sortino ratioReturn per unit of downside risk | +24.16 | ||
| Omega ratioGain probability vs. loss probability | 6.63 | 1.49 | +5.14 |
| Calmar ratioReturn relative to maximum drawdown | 59.87 | 8.91 | +50.95 |
| Martin ratioReturn relative to average drawdown | 379.03 | 24.26 | +354.77 |
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
| TRSY | IEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.40 | 3.23 | +7.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.89 | -0.03 | +3.93 |
Drawdowns
TRSY vs. IEZ - Drawdown Comparison
The maximum TRSY drawdown since its inception was -0.82%, smaller than the maximum IEZ drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for TRSY and IEZ.
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Drawdown Indicators
| TRSY | IEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.82% | -92.52% | +91.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -10.32% | +10.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.29% | — |
Current DrawdownCurrent decline from peak | -0.02% | -50.24% | +50.22% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -48.26% | +48.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 3.78% | -3.77% |
Volatility
TRSY vs. IEZ - Volatility Comparison
The current volatility for Xtrackers US 0-1 Year Treasury ETF (TRSY) is 0.11%, while iShares U.S. Oil Equipment & Services ETF (IEZ) has a volatility of 8.22%. This indicates that TRSY experiences smaller price fluctuations and is considered to be less risky than IEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSY | IEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 8.22% | -8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 0.24% | 20.16% | -19.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 28.54% | -28.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.07% | 36.36% | -35.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.07% | 41.55% | -40.48% |
TRSY vs. IEZ - Expense Ratio Comparison
TRSY has a 0.06% expense ratio, which is lower than IEZ's 0.42% expense ratio.
Dividends
TRSY vs. IEZ - Dividend Comparison
TRSY's dividend yield for the trailing twelve months is around 3.73%, more than IEZ's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 1.16% | 1.87% | 1.76% | 0.97% | 0.65% | 1.20% | 2.07% | 2.28% | 1.81% | 3.42% | 0.91% | 2.40% |
TRSY Xtrackers US 0-1 Year Treasury ETF | 3.73% | 4.00% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRSY and IEZ have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEZ has higher volatility (8.22%) compared to TRSY (0.11%). In terms of maximum drawdown, TRSY dropped -0.82% vs IEZ's -92.52%.
On 1-year performance, IEZ leads with 91.49% vs 3.95% for TRSY. On fees, TRSY is cheaper at 0.06% per year. On volatility, TRSY has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IEZ has performed better with a 91.49% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TRSY is cheaper with a 0.06% expense ratio, compared with 0.42% for IEZ.
TRSY has the higher dividend yield at 3.73%, compared with 1.16% for IEZ.
TRSY is categorized as Government Bonds, while IEZ is Energy Equities. TRSY tracks ICE U.S. Treasury Short Bond Index, while IEZ tracks Dow Jones U.S. Select Oil Equipment & Services Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for TRSY and 0.42% for IEZ.
TRSY currently has the higher Sharpe Ratio (10.40 vs 3.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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