UB74.L vs. TRSX.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and TRSX.L (SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF) are both Government Bonds funds - UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while TRSX.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, UB74.L returned 2.86%/yr vs 0.09%/yr for TRSX.L. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.05% expense ratio.
Performance
UB74.L vs. TRSX.L - Performance Comparison
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Different Trading Currencies
UB74.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, UB74.L achieves a 0.66% return, which is significantly higher than TRSX.L's -0.40% return.
UB74.L
- 1D
- 0.12%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.25%
- 1Y
- 4.37%
- 3Y*
- 1.43%
- 5Y*
- 2.86%
- 10Y*
- 2.42%
TRSX.L
- 1D
- 0.23%
- 1M
- 0.92%
- YTD
- -0.40%
- 6M
- -1.27%
- 1Y
- 4.92%
- 3Y*
- 0.12%
- 5Y*
- 0.09%
- 10Y*
- —
UB74.L vs. TRSX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.66% | -2.06% | 5.76% | -1.65% | 7.62% | 0.57% | -0.46% | 0.26% | 7.13% | -2.69% |
TRSX.L SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF | -0.40% | 1.27% | 0.18% | -1.46% | -5.42% | -1.98% | 4.83% | 4.02% | 3.67% | -1.93% |
Correlation
The correlation between UB74.L and TRSX.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | 0.19 |
The correlation between UB74.L and TRSX.L shifts across timeframes, from 0.19 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UB74.L vs. TRSX.L — Risk / Return Rank
UB74.L
TRSX.L
UB74.L vs. TRSX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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.
| UB74.L | TRSX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.40 | -0.45 |
| Martin ratioReturn relative to average drawdown | 2.39 | 3.13 | -0.74 |
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
| UB74.L | TRSX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.92 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.02 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.06 | +0.21 |
Drawdowns
UB74.L vs. TRSX.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -18.81%, smaller than the maximum TRSX.L drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for UB74.L and TRSX.L.
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Drawdown Indicators
| UB74.L | TRSX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -26.56% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -5.90% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -7.30% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -14.25% | -2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -7.81% | -21.26% | +13.45% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -18.09% | +9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 3.07% | -1.25% |
Volatility
UB74.L vs. TRSX.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) is 1.70%, while SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF (TRSX.L) has a volatility of 1.99%. This indicates that UB74.L experiences smaller price fluctuations and is considered to be less risky 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
| UB74.L | TRSX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.99% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 5.73% | -1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 8.93% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 15.33% | -7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 18.68% | -9.41% |
UB74.L vs. TRSX.L - Expense Ratio Comparison
Both UB74.L and TRSX.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UB74.L vs. TRSX.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, less than TRSX.L's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.69% | 4.94% | 3.67% | 2.23% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
UB74.L and TRSX.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L and TRSX.L have the same expense ratio: 0.05% per year.
UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while TRSX.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: UBS and State Street.
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