TRXG.L vs. J13U.L
TRXG.L (Invesco US Treasury Bond 7-10 Year UCITS ETF Dist) and J13U.L (JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc)) are both Government Bonds funds - TRXG.L tracks the Bloomberg US 7-10 Year Treasury Bond Index while J13U.L tracks the J.P. Morgan Government Bond US 1-3 Index. Both are passively managed. Over the past 5 years, TRXG.L returned 0.15%/yr vs 2.87%/yr for J13U.L. A 0.79 correlation means they provide meaningful diversification when combined. TRXG.L charges 0.06%/yr vs 0.07%/yr for J13U.L.
Performance
TRXG.L vs. J13U.L - Performance Comparison
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Different Trading Currencies
TRXG.L is traded in GBp, while J13U.L is traded in GBP. To make them comparable, the J13U.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRXG.L achieves a -0.62% return, which is significantly lower than J13U.L's 0.63% return.
TRXG.L
- 1D
- 0.23%
- 1M
- 0.98%
- YTD
- -0.62%
- 6M
- -1.17%
- 1Y
- 4.95%
- 3Y*
- 0.11%
- 5Y*
- 0.15%
- 10Y*
- —
J13U.L
- 1D
- 0.08%
- 1M
- 1.09%
- YTD
- 0.63%
- 6M
- 0.21%
- 1Y
- 4.33%
- 3Y*
- 1.44%
- 5Y*
- 2.87%
- 10Y*
- —
TRXG.L vs. J13U.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | -0.62% | 1.07% | 1.43% | -2.16% | -4.76% | -1.80% | 6.08% | 6.04% |
J13U.L JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) | 0.63% | -1.99% | 5.72% | -1.65% | 7.69% | 0.64% | -0.32% | 1.20% |
Correlation
The correlation between TRXG.L and J13U.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.79 |
The correlation between TRXG.L and J13U.L has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
TRXG.L vs. J13U.L — Risk / Return Rank
TRXG.L
J13U.L
TRXG.L vs. J13U.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.L) and JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) (J13U.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.
| TRXG.L | J13U.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.96 | -0.08 |
| Martin ratioReturn relative to average drawdown | 2.12 | 2.40 | -0.28 |
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
| TRXG.L | J13U.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.70 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.36 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.25 | -0.19 |
Drawdowns
TRXG.L vs. J13U.L - Drawdown Comparison
The maximum TRXG.L drawdown since its inception was -26.41%, which is greater than J13U.L's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for TRXG.L and J13U.L.
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Drawdown Indicators
| TRXG.L | J13U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.41% | -18.81% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -4.52% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.91% | -8.92% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -16.30% | +0.06% |
Current DrawdownCurrent decline from peak | -21.20% | -7.77% | -13.43% |
Average DrawdownAverage peak-to-trough decline | -16.98% | -9.16% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.80% | +0.53% |
Volatility
TRXG.L vs. J13U.L - Volatility Comparison
Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.L) and JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) (J13U.L) have volatilities of 1.66% and 1.72%, 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.
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Volatility by Period
| TRXG.L | J13U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.72% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 4.51% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.33% | 6.15% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.49% | 8.06% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 8.57% | +1.60% |
TRXG.L vs. J13U.L - Expense Ratio Comparison
TRXG.L has a 0.06% expense ratio, which is lower than J13U.L's 0.07% 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
TRXG.L vs. J13U.L - Dividend Comparison
TRXG.L's dividend yield for the trailing twelve months is around 4.28%, while J13U.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
J13U.L JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.18% |
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist | 4.28% | 4.25% | 4.24% | 3.55% | 2.38% | 1.60% | 1.94% | 2.07% | 0.00% |
Frequently Asked Questions
TRXG.L and J13U.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRXG.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRXG.L is cheaper with a 0.06% expense ratio, compared with 0.07% for J13U.L.
TRXG.L tracks Bloomberg US 7-10 Year Treasury Bond Index, while J13U.L tracks J.P. Morgan Government Bond US 1-3 Index. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.06% for TRXG.L and 0.07% for J13U.L.
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