UEEG.DE vs. T1EU.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs 1.40%/yr for T1EU.DE. At a 0.26 correlation, their price movements are largely independent. UEEG.DE charges 0.18%/yr vs 0.10%/yr for T1EU.DE.
Performance
UEEG.DE vs. T1EU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than T1EU.DE's 0.83% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- -0.42%
- YTD
- -0.63%
- 1Y
- 1.29%
- 3Y*
- 2.37%
- 5Y*
- -0.91%
- 10Y*
- —
T1EU.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.74%
- YTD
- 0.83%
- 1Y
- 1.84%
- 3Y*
- 2.74%
- 5Y*
- 1.40%
- 10Y*
- —
UEEG.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.83% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.17% |
Correlation
The correlation between UEEG.DE and T1EU.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.26 |
The correlation between UEEG.DE and T1EU.DE shifts across timeframes, from 0.08 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UEEG.DE vs. T1EU.DE — Risk / Return Rank
UEEG.DE
T1EU.DE
UEEG.DE vs. T1EU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE). 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.
| UEEG.DE | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 3.62 | -3.06 |
| Martin ratioReturn relative to average drawdown | 1.38 | 17.64 | -16.27 |
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Drawdowns
UEEG.DE vs. T1EU.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, which is greater than T1EU.DE's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and T1EU.DE.
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Drawdown Indicators
| UEEG.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -3.20% | -10.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -0.51% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -0.51% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -2.36% | -10.54% |
Current DrawdownCurrent decline from peak | -5.99% | 0.00% | -5.99% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -0.86% | -6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.10% | +0.84% |
Volatility
UEEG.DE vs. T1EU.DE - Volatility Comparison
iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) has a higher volatility of 0.95% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.10%. This indicates that UEEG.DE's price experiences larger fluctuations and is considered to be riskier than T1EU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEG.DE | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.10% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 1.12% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 1.45% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 0.80% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 0.73% | +3.30% |
UEEG.DE vs. T1EU.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than T1EU.DE's 0.10% 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
UEEG.DE vs. T1EU.DE - Dividend Comparison
Neither UEEG.DE nor T1EU.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEEG.DE and T1EU.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T1EU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T1EU.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for UEEG.DE and 0.10% for T1EU.DE.
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