TRXG.L vs. VDTY.L
Compare and contrast key facts about Invesco US Treasury Bond 7-10 Year UCITS ETF A (TRXG.L) and Vanguard USD Treasury Bond UCITS ETF (VDTY.L).
TRXG.L and VDTY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRXG.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jan 11, 2019. VDTY.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Treasury Float Adjusted Index. It was launched on Mar 4, 2025. Both TRXG.L and VDTY.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TRXG.L vs. VDTY.L - Performance Comparison
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TRXG.L vs. VDTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF A | 0.64% | 1.07% | 1.43% | -2.16% | -4.76% | -1.80% | 6.08% | 6.04% |
VDTY.L Vanguard USD Treasury Bond UCITS ETF | 1.49% | -1.31% | 2.87% | -1.42% | -1.90% | -1.48% | 4.52% | 3.84% |
Different Trading Currencies
TRXG.L is traded in GBp, while VDTY.L is traded in USD. To make them comparable, the VDTY.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 0.64% return, which is significantly lower than VDTY.L's 1.49% return.
TRXG.L
- 1D
- -0.62%
- 1M
- -1.17%
- YTD
- 0.64%
- 6M
- 2.07%
- 1Y
- 0.83%
- 3Y*
- 0.12%
- 5Y*
- 0.19%
- 10Y*
- —
VDTY.L
- 1D
- -0.09%
- 1M
- -0.08%
- YTD
- 1.49%
- 6M
- 2.50%
- 1Y
- 0.44%
- 3Y*
- 0.30%
- 5Y*
- 0.67%
- 10Y*
- 1.71%
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TRXG.L vs. VDTY.L - Expense Ratio Comparison
TRXG.L has a 0.06% expense ratio, which is higher than VDTY.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
TRXG.L vs. VDTY.L — Risk / Return Rank
TRXG.L
VDTY.L
TRXG.L vs. VDTY.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 A (TRXG.L) and Vanguard USD Treasury Bond UCITS ETF (VDTY.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 | VDTY.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 0.06 | +0.05 |
Sortino ratioReturn per unit of downside risk | 0.20 | 0.13 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.15 | +0.02 |
Martin ratioReturn relative to average drawdown | 0.30 | 0.26 | +0.04 |
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 | VDTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 0.06 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.07 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.15 | -0.06 |
Correlation
The correlation between TRXG.L and VDTY.L is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRXG.L vs. VDTY.L - Dividend Comparison
TRXG.L's dividend yield for the trailing twelve months is around 4.22%, which matches VDTY.L's 4.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF A | 4.22% | 4.25% | 4.24% | 3.55% | 2.38% | 1.60% | 1.94% | 2.07% | 0.00% | 0.00% | 0.00% |
VDTY.L Vanguard USD Treasury Bond UCITS ETF | 4.23% | 4.29% | 4.31% | 3.40% | 2.09% | 1.21% | 1.54% | 2.34% | 2.33% | 1.57% | 0.99% |
Drawdowns
TRXG.L vs. VDTY.L - Drawdown Comparison
The maximum TRXG.L drawdown since its inception was -26.41%, which is greater than VDTY.L's maximum drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for TRXG.L and VDTY.L.
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Drawdown Indicators
| TRXG.L | VDTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.41% | -18.99% | -7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.91% | -3.23% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.24% | -16.60% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.99% | — |
Current DrawdownCurrent decline from peak | -20.20% | -6.69% | -13.51% |
Average DrawdownAverage peak-to-trough decline | -16.88% | -6.61% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 1.25% | +3.16% |
Volatility
TRXG.L vs. VDTY.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF A (TRXG.L) is 2.23%, while Vanguard USD Treasury Bond UCITS ETF (VDTY.L) has a volatility of 2.59%. This indicates that TRXG.L experiences smaller price fluctuations and is considered to be less risky than VDTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRXG.L | VDTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 2.59% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 4.98% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.73% | 7.65% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.54% | 9.01% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.25% | 10.22% | +0.03% |