U10G.L vs. TRS5.L
U10G.L (Amundi US Treasury Bond 10+Y UCITS ETF Dist) and TRS5.L (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - U10G.L tracks the Bloomberg US Long Treasury Index while TRS5.L tracks the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, U10G.L returned -3.32%/yr vs 1.58%/yr for TRS5.L. A 0.61 correlation means they provide meaningful diversification when combined. U10G.L charges 0.06%/yr vs 0.05%/yr for TRS5.L.
Performance
U10G.L vs. TRS5.L - Performance Comparison
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Different Trading Currencies
U10G.L is traded in GBp, while TRS5.L is traded in USD. To make them comparable, the TRS5.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, U10G.L achieves a -0.78% return, which is significantly lower than TRS5.L's 0.01% return. Over the past 10 years, U10G.L has underperformed TRS5.L with an annualized return of -3.32%, while TRS5.L has yielded a comparatively higher 1.58% annualized return.
U10G.L
- 1D
- 0.33%
- 1M
- 1.53%
- YTD
- -0.78%
- 6M
- -4.85%
- 1Y
- 1.76%
- 3Y*
- -6.24%
- 5Y*
- -6.94%
- 10Y*
- -3.32%
TRS5.L
- 1D
- 0.18%
- 1M
- 0.81%
- YTD
- 0.01%
- 6M
- -0.78%
- 1Y
- 4.24%
- 3Y*
- 1.06%
- 5Y*
- 1.39%
- 10Y*
- 1.58%
U10G.L vs. TRS5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | -0.78% | -5.06% | -7.24% | -5.81% | -22.57% | -5.74% | 10.21% | 8.17% | 0.97% | -4.47% |
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 0.01% | -0.38% | 3.81% | -1.04% | 1.28% | -1.52% | 3.66% | 0.33% | 5.44% | -9.03% |
Correlation
The correlation between U10G.L and TRS5.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 6, 2016 | 0.61 |
The correlation between U10G.L and TRS5.L shifts across timeframes, from 0.47 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
U10G.L vs. TRS5.L — Risk / Return Rank
U10G.L
TRS5.L
U10G.L vs. TRS5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.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.
| U10G.L | TRS5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.75 | -0.59 |
| Martin ratioReturn relative to average drawdown | 0.32 | 2.01 | -1.69 |
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
| U10G.L | TRS5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.66 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.16 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.16 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.14 | -0.33 |
Drawdowns
U10G.L vs. TRS5.L - Drawdown Comparison
The maximum U10G.L drawdown since its inception was -52.98%, which is greater than TRS5.L's maximum drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for U10G.L and TRS5.L.
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Drawdown Indicators
| U10G.L | TRS5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.98% | -20.46% | -32.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -5.61% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | -7.60% | -12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -41.90% | -16.11% | -25.79% |
Max Drawdown (10Y)Largest decline over 10 years | -52.98% | -20.46% | -32.52% |
Current DrawdownCurrent decline from peak | -51.32% | -13.12% | -38.20% |
Average DrawdownAverage peak-to-trough decline | -27.54% | -11.64% | -15.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 2.11% | +3.37% |
Volatility
U10G.L vs. TRS5.L - Volatility Comparison
Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) has a higher volatility of 2.19% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) at 1.73%. This indicates that U10G.L's price experiences larger fluctuations and is considered to be riskier than TRS5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| U10G.L | TRS5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 1.73% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 5.09% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 6.41% | +3.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 8.56% | +6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 9.77% | +6.34% |
U10G.L vs. TRS5.L - Expense Ratio Comparison
U10G.L has a 0.06% expense ratio, which is higher than TRS5.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%.
Dividends
U10G.L vs. TRS5.L - Dividend Comparison
U10G.L's dividend yield for the trailing twelve months is around 0.04%, less than TRS5.L's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.93% | 3.68% | 3.24% | 1.97% | 1.12% | 0.98% | 1.66% | 1.09% | 0.00% | 0.00% | 0.00% |
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.04% |
Frequently Asked Questions
U10G.L and TRS5.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRS5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRS5.L is cheaper with a 0.05% expense ratio, compared with 0.06% for U10G.L.
U10G.L tracks Bloomberg US Long Treasury Index, while TRS5.L tracks Bloomberg US 3-7 Year Treasury Bond Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.06% for U10G.L and 0.05% for TRS5.L.
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