TRXG.L vs. TR3G.L
TRXG.L (Invesco US Treasury Bond 7-10 Year UCITS ETF Dist) and TR3G.L (Invesco US Treasury Bond 1-3 Year UCITS ETF Dist) are both Government Bonds funds from Invesco - TRXG.L tracks the Bloomberg US 7-10 Year Treasury Bond Index while TR3G.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, TRXG.L returned 0.15%/yr vs 2.93%/yr for TR3G.L. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
TRXG.L vs. TR3G.L - Performance Comparison
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Returns By Period
In the year-to-date period, TRXG.L achieves a -0.62% return, which is significantly lower than TR3G.L's 0.69% 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*
- —
TR3G.L
- 1D
- 0.13%
- 1M
- 1.13%
- YTD
- 0.69%
- 6M
- 0.31%
- 1Y
- 4.42%
- 3Y*
- 1.51%
- 5Y*
- 2.93%
- 10Y*
- —
TRXG.L vs. TR3G.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% |
TR3G.L Invesco US Treasury Bond 1-3 Year UCITS ETF Dist | 0.69% | -1.98% | 5.82% | -1.57% | 7.69% | 0.63% | -0.33% | 1.14% |
Correlation
The correlation between TRXG.L and TR3G.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 | 0.82 |
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 | 0.80 |
The correlation between TRXG.L and TR3G.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. TR3G.L — Risk / Return Rank
TRXG.L
TR3G.L
TRXG.L vs. TR3G.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 Invesco US Treasury Bond 1-3 Year UCITS ETF Dist (TR3G.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 | TR3G.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.98 | -0.09 |
| Martin ratioReturn relative to average drawdown | 2.12 | 2.48 | -0.35 |
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 | TR3G.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.73 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.36 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.18 | -0.12 |
Drawdowns
TRXG.L vs. TR3G.L - Drawdown Comparison
The maximum TRXG.L drawdown since its inception was -26.41%, which is greater than TR3G.L's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for TRXG.L and TR3G.L.
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Drawdown Indicators
| TRXG.L | TR3G.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.41% | -18.79% | -7.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -4.52% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -7.91% | -8.90% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -16.36% | +0.12% |
Current DrawdownCurrent decline from peak | -21.20% | -7.63% | -13.57% |
Average DrawdownAverage peak-to-trough decline | -16.98% | -9.79% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.78% | +0.55% |
Volatility
TRXG.L vs. TR3G.L - Volatility Comparison
Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.L) and Invesco US Treasury Bond 1-3 Year UCITS ETF Dist (TR3G.L) have volatilities of 1.66% and 1.70%, 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 | TR3G.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.70% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.66% | 4.44% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.33% | 6.07% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.49% | 8.07% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.17% | 8.64% | +1.53% |
TRXG.L vs. TR3G.L - Expense Ratio Comparison
Both TRXG.L and TR3G.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRXG.L vs. TR3G.L - Dividend Comparison
TRXG.L's dividend yield for the trailing twelve months is around 4.28%, more than TR3G.L's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TR3G.L Invesco US Treasury Bond 1-3 Year UCITS ETF Dist | 3.95% | 4.10% | 4.31% | 4.18% | 1.99% | 0.31% | 1.28% | 2.01% |
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% |
Frequently Asked Questions
TRXG.L and TR3G.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.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRXG.L and TR3G.L have the same expense ratio: 0.06% per year.
TRXG.L tracks Bloomberg US 7-10 Year Treasury Bond Index, while TR3G.L tracks Bloomberg US 1-3 Year Treasury Bond Index.
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