TRXS.L vs. EQGB.L
TRXS.L (Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist) and EQGB.L (Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc) are both exchange-traded funds - TRXS.L is a Government Bonds fund tracking the Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist, while EQGB.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, TRXS.L returned -1.97%/yr vs 14.06%/yr for EQGB.L. At a correlation of -0.03, they often move in opposite directions. TRXS.L charges 0.10%/yr vs 0.35%/yr for EQGB.L.
Performance
TRXS.L vs. EQGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, TRXS.L achieves a -1.00% return, which is significantly lower than EQGB.L's 15.19% return.
TRXS.L
- 1D
- -0.06%
- 1M
- -0.33%
- 6M
- -0.90%
- YTD
- -1.00%
- 1Y
- 3.67%
- 3Y*
- 2.46%
- 5Y*
- -1.97%
- 10Y*
- —
EQGB.L
- 1D
- -0.71%
- 1M
- -3.43%
- 6M
- 15.41%
- YTD
- 15.19%
- 1Y
- 27.37%
- 3Y*
- 23.21%
- 5Y*
- 14.06%
- 10Y*
- —
TRXS.L vs. EQGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRXS.L Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist | -1.00% | 8.01% | -0.64% | 2.50% | -16.05% | -3.23% | 8.89% | 6.71% |
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 15.19% | 19.59% | 26.12% | 53.92% | -35.07% | 27.68% | 45.43% | 37.03% |
Correlation
The correlation between TRXS.L and EQGB.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | -0.03 |
The correlation between TRXS.L and EQGB.L shifts across timeframes, from -0.03 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TRXS.L vs. EQGB.L — Risk / Return Rank
TRXS.L
EQGB.L
TRXS.L vs. EQGB.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 GBP Hedged Dist (TRXS.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TRXS.L | EQGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.41 | -1.52 |
| Martin ratioReturn relative to average drawdown | 2.36 | 8.06 | -5.70 |
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Drawdowns
TRXS.L vs. EQGB.L - Drawdown Comparison
The maximum TRXS.L drawdown since its inception was -25.32%, smaller than the maximum EQGB.L drawdown of -36.77%. Use the drawdown chart below to compare losses from any high point for TRXS.L and EQGB.L.
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Drawdown Indicators
| TRXS.L | EQGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.32% | -36.77% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -11.33% | +7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -22.76% | +15.23% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -36.77% | +13.99% |
Current DrawdownCurrent decline from peak | -13.54% | -3.88% | -9.66% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -7.40% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 3.39% | -1.86% |
Volatility
TRXS.L vs. EQGB.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist (TRXS.L) is 1.24%, while Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) has a volatility of 5.88%. This indicates that TRXS.L experiences smaller price fluctuations and is considered to be less risky than EQGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRXS.L | EQGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 5.88% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 13.78% | -10.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 17.33% | -12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.52% | 21.20% | -13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.87% | 21.26% | -14.39% |
TRXS.L vs. EQGB.L - Expense Ratio Comparison
TRXS.L has a 0.10% expense ratio, which is lower than EQGB.L's 0.35% expense ratio.
Dividends
TRXS.L vs. EQGB.L - Dividend Comparison
TRXS.L's dividend yield for the trailing twelve months is around 4.29%, while EQGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.16% |
TRXS.L Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist | 4.29% | 4.11% | 4.30% | 3.44% | 2.42% | 1.59% | 1.77% | 2.00% |
Frequently Asked Questions
TRXS.L and EQGB.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRXS.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRXS.L is cheaper with a 0.10% expense ratio, compared with 0.35% for EQGB.L.
TRXS.L is categorized as Government Bonds, while EQGB.L is Nasdaq-100. TRXS.L tracks Invesco US Treasury Bond 7-10 Year UCITS ETF GBP Hedged Dist, while EQGB.L tracks NASDAQ-100 Index. Their fees differ too: 0.10% for TRXS.L and 0.35% for EQGB.L.
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