U10G.L vs. TRSX.L
U10G.L (Amundi US Treasury Bond 10+Y UCITS ETF Dist) and TRSX.L (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - U10G.L tracks the Bloomberg US Long Treasury Index while TRSX.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, U10G.L returned -6.94%/yr vs 0.09%/yr for TRSX.L. At a 0.23 correlation, their price movements are largely independent. U10G.L charges 0.06%/yr vs 0.05%/yr for TRSX.L.
Performance
U10G.L vs. TRSX.L - Performance Comparison
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Different Trading Currencies
U10G.L is traded in GBp, while TRSX.L is traded in USD. To make them comparable, the TRSX.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 TRSX.L's -0.40% return.
U10G.L
- 1D
- 0.33%
- 1M
- 1.04%
- YTD
- -0.78%
- 6M
- -4.52%
- 1Y
- 1.79%
- 3Y*
- -6.24%
- 5Y*
- -6.94%
- 10Y*
- -3.32%
TRSX.L
- 1D
- 0.23%
- 1M
- 0.92%
- YTD
- -0.40%
- 6M
- -1.27%
- 1Y
- 4.92%
- 3Y*
- 0.12%
- 5Y*
- 0.09%
- 10Y*
- —
U10G.L vs. TRSX.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% | -3.01% |
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | -0.43% | 1.27% | 0.18% | -1.46% | -5.42% | -1.98% | 4.83% | 4.02% | 3.67% | -1.93% |
Correlation
The correlation between U10G.L and TRSX.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.23 |
Over the past year, U10G.L and TRSX.L have become more correlated (0.44) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
U10G.L vs. TRSX.L — Risk / Return Rank
U10G.L
TRSX.L
U10G.L vs. TRSX.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 7-10 Year US Treasury Bond UCITS ETF (TRSX.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 | TRSX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 1.40 | -1.23 |
| Martin ratioReturn relative to average drawdown | 0.32 | 3.13 | -2.81 |
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 | TRSX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.92 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.02 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.06 | -0.25 |
Drawdowns
U10G.L vs. TRSX.L - Drawdown Comparison
The maximum U10G.L drawdown since its inception was -52.98%, which is greater than TRSX.L's maximum drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for U10G.L and TRSX.L.
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Drawdown Indicators
| U10G.L | TRSX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.98% | -26.56% | -26.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -5.90% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -7.30% | -12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -41.90% | -14.25% | -27.65% |
Max Drawdown (10Y)Largest decline over 10 years | -52.98% | — | — |
Current DrawdownCurrent decline from peak | -51.32% | -21.26% | -30.06% |
Average DrawdownAverage peak-to-trough decline | -27.54% | -18.09% | -9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 3.07% | +2.41% |
Volatility
U10G.L vs. TRSX.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 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) at 1.99%. This indicates that U10G.L's price experiences larger fluctuations and is considered to be riskier than TRSX.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 | TRSX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 1.99% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 5.73% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 8.93% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 15.33% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 18.68% | -2.57% |
U10G.L vs. TRSX.L - Expense Ratio Comparison
U10G.L has a 0.06% expense ratio, which is higher than TRSX.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. TRSX.L - Dividend Comparison
U10G.L's dividend yield for the trailing twelve months is around 0.04%, less than TRSX.L's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | 4.09% | 3.93% | 3.59% | 2.71% | 1.65% | 1.02% | 1.56% | 0.00% | 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 TRSX.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRSX.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRSX.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 TRSX.L tracks Bloomberg US 7-10 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 TRSX.L.
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