UB82.L vs. TRXG.L

Last updated Jun 26, 2026

UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) and TRXG.L (Invesco US Treasury Bond 7-10 Year UCITS ETF Dist) are both Government Bonds funds tracking the Bloomberg US 7-10 Year Treasury Bond Index, from UBS and Invesco respectively. Both are passively managed. Over the past 5 years, UB82.L returned -0.10%/yr vs 0.22%/yr for TRXG.L. With a 0.99 correlation, they move nearly in lockstep. UB82.L charges 0.05%/yr vs 0.06%/yr for TRXG.L.

Performance

UB82.L vs. TRXG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) and Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UB82.L achieves a 2.02% return, which is significantly higher than TRXG.L's 1.77% return.

UB82.L

• 1D: -0.20%
• 1M: 2.27%
• YTD: 2.02%
• 6M: 2.75%
• 1Y: 5.88%
• 3Y*: 1.22%
• 5Y*: -0.10%
• 10Y*: 0.43%

TRXG.L

• 1D: -0.18%
• 1M: 2.87%
• YTD: 1.77%
• 6M: 2.67%
• 1Y: 7.09%
• 3Y*: 1.68%
• 5Y*: 0.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UB82.L vs. TRXG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	2.02%	-0.40%	1.34%	-2.28%	-4.86%	-1.84%	5.95%	5.14%
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist	1.77%	1.08%	1.43%	-2.16%	-4.76%	-1.80%	6.08%	-17.78%

Correlation

The correlation between UB82.L and TRXG.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019	0.99

The correlation between UB82.L and TRXG.L has been stable across timeframes, ranging from 0.92 to 0.99 - a consistent structural relationship.

Return for Risk

UB82.L vs. TRXG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UB82.L

UB82.L Risk / Return Rank: 27
UB82.L Sharpe Ratio Rank: 29
UB82.L Sortino Ratio Rank: 29
UB82.L Omega Ratio Rank: 26
UB82.L Calmar Ratio Rank: 26
UB82.L Martin Ratio Rank: 24

TRXG.L

TRXG.L Risk / Return Rank: 30
TRXG.L Sharpe Ratio Rank: 33
TRXG.L Sortino Ratio Rank: 35
TRXG.L Omega Ratio Rank: 30
TRXG.L Calmar Ratio Rank: 27
TRXG.L Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UB82.L vs. TRXG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) and Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.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.

	UB82.L	TRXG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.11	-0.13
Sortino ratio: Return per unit of downside risk	1.50	1.72	-0.23
Omega ratio: Gain probability vs. loss probability	1.17	1.19	-0.02
Calmar ratio: Return relative to maximum drawdown	1.21	1.26	-0.06
Martin ratio: Return relative to average drawdown	2.94	2.95	0.00

UB82.L vs. TRXG.L - Sharpe Ratio Comparison

The current UB82.L Sharpe Ratio is 0.98, which is comparable to the TRXG.L Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of UB82.L and TRXG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UB82.L vs. TRXG.L - Drawdown Comparison

The maximum UB82.L drawdown since its inception was -44.55%, which is greater than TRXG.L's maximum drawdown of -26.41%. Use the drawdown chart below to compare losses from any high point for UB82.L and TRXG.L.

Drawdown Indicators

	UB82.L	TRXG.L	Difference
Max Drawdown Largest peak-to-trough decline	-44.55%	-26.41%	-18.14%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-5.60%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-7.79%	-7.91%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-16.40%	-16.24%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-21.47%	-19.30%	-2.17%
Average Drawdown Average peak-to-trough decline	-23.84%	-18.97%	-4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.40%	-0.41%

Volatility

UB82.L vs. TRXG.L - Volatility Comparison

The current volatility for UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) is 1.51%, while Invesco US Treasury Bond 7-10 Year UCITS ETF Dist (TRXG.L) has a volatility of 1.76%. This indicates that UB82.L experiences smaller price fluctuations and is considered to be less risky than TRXG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UB82.L	TRXG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	1.76%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	4.38%	4.76%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	5.96%	6.36%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.43%	9.48%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.06%	13.06%	-3.00%

UB82.L vs. TRXG.L - Expense Ratio Comparison

UB82.L has a 0.05% expense ratio, which is lower than TRXG.L's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UB82.L vs. TRXG.L - Dividend Comparison

UB82.L's dividend yield for the trailing twelve months is around 3.04%, less than TRXG.L's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRXG.L Invesco US Treasury Bond 7-10 Year UCITS ETF Dist	4.24%	4.26%	4.24%	3.55%	2.38%	1.60%	1.94%	2.07%	0.00%	0.00%	0.00%	0.00%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.04%	2.20%	2.49%	2.80%	1.34%	1.02%	1.82%	1.98%	2.70%	1.92%	0.84%	0.83%

Frequently Asked Questions

Can I hold both UB82.L and TRXG.L in my portfolio?

With a correlation of 0.92, UB82.L and TRXG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, UB82.L or TRXG.L?

On fees, UB82.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UB82.L or TRXG.L?

UB82.L is cheaper with a 0.05% expense ratio, compared with 0.06% for TRXG.L.

What is the main difference between UB82.L and TRXG.L?

Both ETFs track Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.05% for UB82.L and 0.06% for TRXG.L.