XUTD.DE vs. TRDS.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and TRDS.DE (Invesco US Treasury Bond UCITS ETF Dist) are both Government Bonds funds - XUTD.DE tracks the iBoxx USD Treasuries Index while TRDS.DE tracks the Bloomberg US Treasury Index. Both are passively managed. Over the past 5 years, XUTD.DE returned 0.60%/yr vs 0.68%/yr for TRDS.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
XUTD.DE vs. TRDS.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with XUTD.DE having a 3.91% return and TRDS.DE slightly lower at 3.87%.
XUTD.DE
- 1D
- -0.12%
- 1M
- 3.16%
- YTD
- 3.91%
- 6M
- 4.35%
- 1Y
- 5.89%
- 3Y*
- 1.65%
- 5Y*
- 0.60%
- 10Y*
- 0.46%
TRDS.DE
- 1D
- -0.47%
- 1M
- 3.14%
- YTD
- 3.87%
- 6M
- 4.21%
- 1Y
- 5.74%
- 3Y*
- 1.67%
- 5Y*
- 0.68%
- 10Y*
- —
XUTD.DE vs. TRDS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.91% | -5.36% | 6.37% | 0.41% | -7.34% | 5.70% | -1.66% | 10.05% |
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 3.87% | -5.42% | 6.49% | 0.35% | -6.88% | 5.85% | -1.83% | -4.56% |
Correlation
The correlation between XUTD.DE and TRDS.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019 | 0.85 |
The correlation between XUTD.DE and TRDS.DE shifts across timeframes, from 0.85 (all time) to 0.99 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUTD.DE vs. TRDS.DE — Risk / Return Rank
XUTD.DE
TRDS.DE
XUTD.DE vs. TRDS.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 UCITS ETF Dist (TRDS.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 | TRDS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.43 | +0.06 |
| Martin ratioReturn relative to average drawdown | 3.88 | 3.72 | +0.16 |
Loading charts...
Drawdowns
XUTD.DE vs. TRDS.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, roughly equal to the maximum TRDS.DE drawdown of -17.30%. Use the drawdown chart below to compare losses from any high point for XUTD.DE and TRDS.DE.
Loading charts...
Drawdown Indicators
| XUTD.DE | TRDS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -17.30% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -3.98% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -10.99% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -12.94% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | — | — |
Current DrawdownCurrent decline from peak | -10.96% | -10.21% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -10.36% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.54% | -0.02% |
Volatility
XUTD.DE vs. TRDS.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) is 1.47%, while Invesco US Treasury Bond UCITS ETF Dist (TRDS.DE) has a volatility of 1.77%. This indicates that XUTD.DE experiences smaller price fluctuations and is considered to be less risky than TRDS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUTD.DE | TRDS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.77% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.94% | 4.10% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 5.70% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 8.04% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 8.67% | -0.71% |
XUTD.DE vs. TRDS.DE - Expense Ratio Comparison
Both XUTD.DE and TRDS.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. TRDS.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.37%, less than TRDS.DE's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRDS.DE Invesco US Treasury Bond UCITS ETF Dist | 4.17% | 4.31% | 4.13% | 3.87% | 1.99% | 1.10% | 1.69% | 1.96% | 0.00% | 0.00% | 0.00% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.37% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.50% | 1.97% |
Frequently Asked Questions
With a correlation of 0.97, XUTD.DE and TRDS.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.
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 TRDS.DE have the same expense ratio: 0.06% per year.
XUTD.DE tracks iBoxx USD Treasuries Index, while TRDS.DE tracks Bloomberg US Treasury Index. They also come from different issuers: Xtrackers and Invesco.
Find the right allocation for XUTD.DE and TRDS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer