U03A.L vs. TRE7.L
Compare and contrast key facts about iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L).
U03A.L and TRE7.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. U03A.L is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on Oct 7, 2024. TRE7.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Treasury 3-7 Year Index. It was launched on Feb 20, 2024. Both U03A.L and TRE7.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
U03A.L vs. TRE7.L - Performance Comparison
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U03A.L vs. TRE7.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
U03A.L iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) | 0.84% | 4.22% | 1.33% |
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | -0.24% | 7.31% | -2.29% |
Returns By Period
In the year-to-date period, U03A.L achieves a 0.84% return, which is significantly higher than TRE7.L's -0.24% return.
U03A.L
- 1D
- -0.01%
- 1M
- 0.31%
- YTD
- 0.84%
- 6M
- 1.87%
- 1Y
- 4.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRE7.L
- 1D
- 0.06%
- 1M
- -1.07%
- YTD
- -0.24%
- 6M
- 0.94%
- 1Y
- 3.95%
- 3Y*
- 3.67%
- 5Y*
- 0.58%
- 10Y*
- —
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U03A.L vs. TRE7.L - Expense Ratio Comparison
U03A.L has a 0.07% expense ratio, which is higher than TRE7.L's 0.06% 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
U03A.L vs. TRE7.L — Risk / Return Rank
U03A.L
TRE7.L
U03A.L vs. TRE7.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.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.
| U03A.L | TRE7.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.03 | 1.18 | +6.86 |
Sortino ratioReturn per unit of downside risk | 17.03 | 1.75 | +15.28 |
Omega ratioGain probability vs. loss probability | 4.14 | 1.22 | +2.92 |
Calmar ratioReturn relative to maximum drawdown | 42.66 | 1.77 | +40.88 |
Martin ratioReturn relative to average drawdown | 224.07 | 5.96 | +218.11 |
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
| U03A.L | TRE7.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.03 | 1.18 | +6.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.81 | 0.43 | +4.38 |
Correlation
The correlation between U03A.L and TRE7.L is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
U03A.L vs. TRE7.L - Dividend Comparison
U03A.L has not paid dividends to shareholders, while TRE7.L's dividend yield for the trailing twelve months is around 4.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
U03A.L iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRE7.L Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 4.13% | 4.09% | 4.23% | 3.61% | 1.72% | 0.87% | 1.29% | 1.89% |
Drawdowns
U03A.L vs. TRE7.L - Drawdown Comparison
The maximum U03A.L drawdown since its inception was -0.83%, smaller than the maximum TRE7.L drawdown of -14.12%. Use the drawdown chart below to compare losses from any high point for U03A.L and TRE7.L.
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Drawdown Indicators
| U03A.L | TRE7.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -14.12% | +13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -2.31% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.40% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -4.50% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.69% | -0.67% |
Volatility
U03A.L vs. TRE7.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) is 0.10%, while Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRE7.L) has a volatility of 1.13%. This indicates that U03A.L experiences smaller price fluctuations and is considered to be less risky than TRE7.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| U03A.L | TRE7.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.13% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 1.88% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.51% | 3.35% | -2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.92% | 4.72% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 4.28% | -3.36% |