XUTD.L vs. TRIS.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and TRIS.L (Invesco US Treasury Bond 0-1 Year UCITS ETF Dist) are both Government Bonds funds - XUTD.L tracks the iBoxx USD Treasuries Index while TRIS.L tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, XUTD.L returned -0.44%/yr vs 3.27%/yr for TRIS.L. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.06% expense ratio.
Performance
XUTD.L vs. TRIS.L - Performance Comparison
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Different Trading Currencies
XUTD.L is traded in USD, while TRIS.L is traded in GBp. To make them comparable, the TRIS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUTD.L achieves a -0.22% return, which is significantly lower than TRIS.L's 1.35% return.
XUTD.L
- 1D
- 0.20%
- 1M
- 0.21%
- YTD
- -0.22%
- 6M
- 0.03%
- 1Y
- 3.70%
- 3Y*
- 2.89%
- 5Y*
- -0.44%
- 10Y*
- 0.90%
TRIS.L
- 1D
- 0.10%
- 1M
- 0.46%
- YTD
- 1.35%
- 6M
- 1.89%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- 3.27%
- 10Y*
- —
XUTD.L vs. TRIS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | -12.78% | -2.45% | 6.52% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 1.35% | 4.55% | 5.06% | 4.48% | 0.53% | 0.33% | 0.82% |
Correlation
The correlation between XUTD.L and TRIS.L 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 | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2020 | 0.03 |
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Return for Risk
XUTD.L vs. TRIS.L — Risk / Return Rank
XUTD.L
TRIS.L
XUTD.L vs. TRIS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L). 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.
| XUTD.L | TRIS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.43 | -3.22 |
| Martin ratioReturn relative to average drawdown | 3.71 | 13.13 | -9.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XUTD.L | TRIS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.91 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.68 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.55 | -0.12 |
Drawdowns
XUTD.L vs. TRIS.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, which is greater than TRIS.L's maximum drawdown of -2.50%. Use the drawdown chart below to compare losses from any high point for XUTD.L and TRIS.L.
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Drawdown Indicators
| XUTD.L | TRIS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -2.50% | -17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -0.88% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -1.07% | -4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -2.43% | -14.58% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -7.53% | -0.16% | -7.37% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -0.53% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.30% | +0.69% |
Volatility
XUTD.L vs. TRIS.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) is 1.40%, while Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) has a volatility of 1.59%. This indicates that XUTD.L experiences smaller price fluctuations and is considered to be less risky than TRIS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.L | TRIS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.59% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 3.54% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 4.27% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 4.80% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 4.93% | +0.12% |
XUTD.L vs. TRIS.L - Expense Ratio Comparison
Both XUTD.L and TRIS.L 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.L vs. TRIS.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, less than TRIS.L's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 4.01% | 4.26% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | 3.48% | 3.27% | 3.65% | 2.39% | 1.95% | 3.42% | 1.08% | 1.47% | 1.35% | 1.34% | 2.12% |
Frequently Asked Questions
XUTD.L and TRIS.L 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.
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.L and TRIS.L have the same expense ratio: 0.06% per year.
XUTD.L tracks iBoxx USD Treasuries Index, while TRIS.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Xtrackers and Invesco.
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