XJSE.DE vs. TRD1.DE
XJSE.DE (Xtrackers II Japan Government Bond UCITS ETF (Acc)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - XJSE.DE tracks the FTSE Japanese Government Bond Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, XJSE.DE returned -11.28%/yr vs 4.03%/yr for TRD1.DE. At a 0.21 correlation, their price movements are largely independent. XJSE.DE charges 0.15%/yr vs 0.06%/yr for TRD1.DE.
Performance
XJSE.DE vs. TRD1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XJSE.DE achieves a -5.80% return, which is significantly lower than TRD1.DE's 4.56% return.
XJSE.DE
- 1D
- -0.34%
- 1M
- -0.34%
- 6M
- -5.19%
- YTD
- -5.80%
- 1Y
- -15.95%
- 3Y*
- -11.78%
- 5Y*
- -11.28%
- 10Y*
- -7.50%
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
XJSE.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | -5.80% | -17.53% | -8.95% | -9.72% | -14.55% | -3.16% | -4.40% |
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 XJSE.DE and TRD1.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.21 |
The correlation between XJSE.DE and TRD1.DE shifts across timeframes, from -0.03 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XJSE.DE vs. TRD1.DE — Risk / Return Rank
XJSE.DE
TRD1.DE
XJSE.DE vs. TRD1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.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.
| XJSE.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.19 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 1.83 | -2.79 |
| Martin ratioReturn relative to average drawdown | -1.49 | 4.77 | -6.26 |
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Drawdowns
XJSE.DE vs. TRD1.DE - Drawdown Comparison
The maximum XJSE.DE drawdown since its inception was -55.06%, which is greater than TRD1.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for XJSE.DE and TRD1.DE.
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Drawdown Indicators
| XJSE.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -17.81% | -37.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -3.70% | -12.80% |
Max Drawdown (3Y)Largest decline over 3 years | -32.72% | -11.60% | -21.12% |
Max Drawdown (5Y)Largest decline over 5 years | -47.28% | -11.70% | -35.58% |
Max Drawdown (10Y)Largest decline over 10 years | -55.06% | — | — |
Current DrawdownCurrent decline from peak | -54.83% | -5.44% | -49.39% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -8.30% | -11.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.02% | 1.42% | +8.60% |
Volatility
XJSE.DE vs. TRD1.DE - Volatility Comparison
Xtrackers II Japan Government Bond UCITS ETF (Acc) (XJSE.DE) and Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) have volatilities of 1.82% and 1.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XJSE.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 1.79% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 4.67% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.27% | 6.32% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.12% | 7.48% | +3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.92% | 8.11% | +1.81% |
XJSE.DE vs. TRD1.DE - Expense Ratio Comparison
XJSE.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
XJSE.DE vs. TRD1.DE - Dividend Comparison
XJSE.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% |
XJSE.DE Xtrackers II Japan Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XJSE.DE and TRD1.DE have a correlation of -0.03, 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 XJSE.DE.
XJSE.DE tracks FTSE Japanese Government Bond 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 XJSE.DE and 0.06% for TRD1.DE.
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