VGTY.DE vs. TRD7.DE
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and TRD7.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF Dist) are both Government Bonds funds - VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while TRD7.DE tracks the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, VGTY.DE returned 0.20%/yr vs 2.55%/yr for TRD7.DE. Their correlation of 0.94 suggests significant overlap in exposure. VGTY.DE charges 0.05%/yr vs 0.06%/yr for TRD7.DE.
Performance
VGTY.DE vs. TRD7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGTY.DE achieves a 0.80% return, which is significantly higher than TRD7.DE's 0.62% return.
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.03%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
TRD7.DE
- 1D
- 0.05%
- 1M
- 0.58%
- YTD
- 0.62%
- 6M
- -0.45%
- 1Y
- 0.69%
- 3Y*
- 2.16%
- 5Y*
- 2.55%
- 10Y*
- —
VGTY.DE vs. TRD7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 6.36% |
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 0.62% | -5.07% | 9.77% | 4.23% | -2.71% | 6.61% | -1.37% | 6.86% |
Correlation
The correlation between VGTY.DE and TRD7.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2019 | 0.94 |
The correlation between VGTY.DE and TRD7.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
VGTY.DE vs. TRD7.DE — Risk / Return Rank
VGTY.DE
TRD7.DE
VGTY.DE vs. TRD7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) and Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.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.
| VGTY.DE | TRD7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.03 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.17 | +0.09 |
| Martin ratioReturn relative to average drawdown | 0.62 | 0.41 | +0.20 |
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
| VGTY.DE | TRD7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.13 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.33 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.34 | -0.21 |
Drawdowns
VGTY.DE vs. TRD7.DE - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.97%, which is greater than TRD7.DE's maximum drawdown of -12.09%. Use the drawdown chart below to compare losses from any high point for VGTY.DE and TRD7.DE.
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Drawdown Indicators
| VGTY.DE | TRD7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -12.09% | -5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -4.12% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -10.16% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -13.16% | -10.30% | -2.86% |
Current DrawdownCurrent decline from peak | -14.45% | -6.97% | -7.48% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -5.17% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.65% | +0.02% |
Volatility
VGTY.DE vs. TRD7.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a higher volatility of 0.85% compared to Invesco US Treasury Bond 3-7 Year UCITS ETF Dist (TRD7.DE) at 0.76%. This indicates that VGTY.DE's price experiences larger fluctuations and is considered to be riskier than TRD7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGTY.DE | TRD7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.76% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 3.83% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 5.40% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.99% | 7.68% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 7.31% | +0.32% |
VGTY.DE vs. TRD7.DE - Expense Ratio Comparison
VGTY.DE has a 0.05% expense ratio, which is lower than TRD7.DE'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
VGTY.DE vs. TRD7.DE - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 3.65%, more than TRD7.DE's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TRD7.DE Invesco US Treasury Bond 3-7 Year UCITS ETF Dist | 3.55% | 3.67% | 5.86% | 7.13% | 2.92% | 1.54% | 2.59% | 3.26% | 0.00% | 0.00% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% |
Frequently Asked Questions
With a correlation of 0.91, VGTY.DE and TRD7.DE 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.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.06% for TRD7.DE.
VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while TRD7.DE tracks Bloomberg US 3-7 Year Treasury Bond Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.05% for VGTY.DE and 0.06% for TRD7.DE.
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