XUTD.DE vs. TRD1.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - XUTD.DE tracks the iBoxx USD Treasuries Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, XUTD.DE returned -0.10%/yr vs 3.97%/yr for TRD1.DE. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
XUTD.DE vs. TRD1.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 lower than TRD1.DE's 4.62% 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%
TRD1.DE
- 1D
- 0.00%
- 1M
- 1.46%
- 6M
- 2.92%
- YTD
- 4.62%
- 1Y
- 5.14%
- 3Y*
- 3.93%
- 5Y*
- 3.97%
- 10Y*
- —
XUTD.DE vs. TRD1.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% | -3.16% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.62% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between XUTD.DE and TRD1.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.64 |
The correlation between XUTD.DE and TRD1.DE has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
XUTD.DE vs. TRD1.DE — Risk / Return Rank
XUTD.DE
TRD1.DE
XUTD.DE vs. TRD1.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 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.
| XUTD.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.38 | -0.14 |
| Martin ratioReturn relative to average drawdown | 3.18 | 3.62 | -0.43 |
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Drawdowns
XUTD.DE vs. TRD1.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, roughly equal to the maximum TRD1.DE drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for XUTD.DE and TRD1.DE.
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Drawdown Indicators
| XUTD.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -17.81% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -3.70% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -11.60% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -11.70% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | — | — |
Current DrawdownCurrent decline from peak | -11.96% | -5.39% | -6.57% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -8.29% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.42% | +0.11% |
Volatility
XUTD.DE vs. TRD1.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 USD Dist (TRD1.DE) at 1.12%. This indicates that XUTD.DE's price experiences larger fluctuations and is considered to be riskier 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
| XUTD.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.12% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 4.63% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 6.21% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.12% | 7.48% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.80% | 8.09% | -0.29% |
XUTD.DE vs. TRD1.DE - Expense Ratio Comparison
Both XUTD.DE and TRD1.DE have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUTD.DE vs. TRD1.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.41%, less than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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 TRD1.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE and TRD1.DE have the same expense ratio: 0.06% per year.
XUTD.DE tracks iBoxx USD Treasuries Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Xtrackers and Invesco.
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