XUTD.DE vs. T1EU.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - XUTD.DE tracks the iBoxx USD Treasuries Index while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, XUTD.DE returned -0.10%/yr vs 1.42%/yr for T1EU.DE. At a 0.06 correlation, their price movements are largely independent. XUTD.DE charges 0.06%/yr vs 0.10%/yr for T1EU.DE.
Performance
XUTD.DE vs. T1EU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.DE achieves a 2.75% return, which is significantly higher than T1EU.DE's 0.92% return.
XUTD.DE
- 1D
- 0.28%
- 1M
- 0.99%
- 6M
- 1.39%
- YTD
- 2.75%
- 1Y
- 4.89%
- 3Y*
- 2.24%
- 5Y*
- -0.10%
- 10Y*
- 0.37%
T1EU.DE
- 1D
- -0.02%
- 1M
- 0.21%
- 6M
- 0.85%
- YTD
- 0.92%
- 1Y
- 1.89%
- 3Y*
- 2.72%
- 5Y*
- 1.42%
- 10Y*
- —
XUTD.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 2.75% | -5.36% | 6.37% | 0.41% | -7.34% | 5.70% | -10.29% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.92% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between XUTD.DE and T1EU.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | 0.06 |
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Return for Risk
XUTD.DE vs. T1EU.DE — Risk / Return Rank
XUTD.DE
T1EU.DE
XUTD.DE vs. T1EU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.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.
| XUTD.DE | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.33 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.71 | -2.47 |
| Martin ratioReturn relative to average drawdown | 3.18 | 16.22 | -13.04 |
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Drawdowns
XUTD.DE vs. T1EU.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, 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 XUTD.DE and T1EU.DE.
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Drawdown Indicators
| XUTD.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -3.20% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -0.51% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -0.51% | -10.55% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -2.36% | -10.70% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | — | — |
Current DrawdownCurrent decline from peak | -11.96% | -0.02% | -11.94% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -0.85% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.12% | +1.41% |
Volatility
XUTD.DE vs. T1EU.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) has a higher volatility of 1.26% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.64%. This indicates that XUTD.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
| XUTD.DE | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 0.64% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 1.22% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 1.57% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 0.85% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 0.77% | +7.03% |
XUTD.DE vs. T1EU.DE - Expense Ratio Comparison
XUTD.DE has a 0.06% expense ratio, which is lower than T1EU.DE's 0.10% 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
XUTD.DE vs. T1EU.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.41%, while T1EU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.41% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.50% | 1.97% |
Frequently Asked Questions
XUTD.DE and T1EU.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for T1EU.DE.
XUTD.DE tracks iBoxx USD Treasuries Index, while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.06% for XUTD.DE and 0.10% for T1EU.DE.
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