XUTE.DE vs. T1EU.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while T1EU.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.48%/yr vs 1.40%/yr for T1EU.DE. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
XUTE.DE vs. T1EU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -0.78% return, which is significantly lower than T1EU.DE's 0.83% return.
XUTE.DE
- 1D
- -0.07%
- 1M
- 0.37%
- 6M
- -0.57%
- YTD
- -0.78%
- 1Y
- 1.15%
- 3Y*
- 1.17%
- 5Y*
- -2.48%
- 10Y*
- —
T1EU.DE
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.74%
- YTD
- 0.83%
- 1Y
- 1.84%
- 3Y*
- 2.74%
- 5Y*
- 1.40%
- 10Y*
- —
XUTE.DE vs. T1EU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -0.78% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | -1.15% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.83% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
Correlation
The correlation between XUTE.DE and T1EU.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | 0.26 |
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Return for Risk
XUTE.DE vs. T1EU.DE — Risk / Return Rank
XUTE.DE
T1EU.DE
XUTE.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 EUR Hedged (Dist) (XUTE.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.
| XUTE.DE | T1EU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 3.62 | -3.29 |
| Martin ratioReturn relative to average drawdown | 0.86 | 17.64 | -16.78 |
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Drawdowns
XUTE.DE vs. T1EU.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, 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 XUTE.DE and T1EU.DE.
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Drawdown Indicators
| XUTE.DE | T1EU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -3.20% | -20.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -0.51% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -0.51% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -2.36% | -18.21% |
Current DrawdownCurrent decline from peak | -16.71% | 0.00% | -16.71% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -0.86% | -8.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 0.10% | +1.24% |
Volatility
XUTE.DE vs. T1EU.DE - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) has a higher volatility of 0.95% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) at 0.10%. This indicates that XUTE.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
| XUTE.DE | T1EU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 0.10% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 1.12% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 1.45% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 0.80% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 0.73% | +4.36% |
XUTE.DE vs. T1EU.DE - Expense Ratio Comparison
Both XUTE.DE and T1EU.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUTE.DE vs. T1EU.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, while T1EU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.39% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% |
Frequently Asked Questions
XUTE.DE and T1EU.DE have a correlation of 0.21, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE and T1EU.DE have the same expense ratio: 0.10% per year.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while T1EU.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Xtrackers and Invesco.
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