XBO2.DE vs. TRD1.DE
XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - XBO2.DE tracks the FTSE Eurozone BOT Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, XBO2.DE returned 1.71%/yr vs 4.03%/yr for TRD1.DE. At a correlation of -0.02, they often move in opposite directions. XBO2.DE charges 0.15%/yr vs 0.06%/yr for TRD1.DE.
Performance
XBO2.DE vs. TRD1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBO2.DE achieves a 0.62% return, which is significantly lower than TRD1.DE's 4.56% return.
XBO2.DE
- 1D
- 0.03%
- 1M
- 0.21%
- 6M
- 0.62%
- YTD
- 0.62%
- 1Y
- 1.79%
- 3Y*
- 2.85%
- 5Y*
- 1.71%
- 10Y*
- 0.70%
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
XBO2.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.62% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.56% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between XBO2.DE and TRD1.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 | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | -0.02 |
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Return for Risk
XBO2.DE vs. TRD1.DE — Risk / Return Rank
XBO2.DE
TRD1.DE
XBO2.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.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.
| XBO2.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.83 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.77 | -0.29 |
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Drawdowns
XBO2.DE vs. TRD1.DE - Drawdown Comparison
The maximum XBO2.DE drawdown since its inception was -3.92%, smaller than the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for XBO2.DE and TRD1.DE.
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Drawdown Indicators
| XBO2.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -17.81% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -3.70% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.12% | -11.60% | +10.48% |
Max Drawdown (5Y)Largest decline over 5 years | -1.34% | -11.70% | +10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -3.77% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -5.44% | +4.92% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -8.30% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.42% | -1.02% |
Volatility
XBO2.DE vs. TRD1.DE - Volatility Comparison
The current volatility for Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) is 1.10%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.79%. This indicates that XBO2.DE experiences smaller price fluctuations and is considered to be less risky than TRD1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBO2.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.79% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 4.67% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 6.32% | -3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.44% | 7.48% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.60% | 8.11% | -6.51% |
XBO2.DE vs. TRD1.DE - Expense Ratio Comparison
XBO2.DE has a 0.15% expense ratio, which is higher than TRD1.DE's 0.06% 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
XBO2.DE vs. TRD1.DE - Dividend Comparison
XBO2.DE has not paid dividends to shareholders, while TRD1.DE's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBO2.DE and TRD1.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, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for XBO2.DE.
XBO2.DE tracks FTSE Eurozone BOT Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.15% for XBO2.DE and 0.06% for TRD1.DE.
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