XUTE.DE vs. TRD1.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.48%/yr vs 4.03%/yr for TRD1.DE. At a correlation of -0.22, they often move in opposite directions. XUTE.DE charges 0.10%/yr vs 0.06%/yr for TRD1.DE.
Performance
XUTE.DE vs. TRD1.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 TRD1.DE's 4.56% 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*
- —
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
XUTE.DE vs. TRD1.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% | 6.12% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.56% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between XUTE.DE and TRD1.DE is -0.38, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | -0.22 |
The correlation between XUTE.DE and TRD1.DE shifts across timeframes, from -0.38 (1 year) to -0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XUTE.DE vs. TRD1.DE — Risk / Return Rank
XUTE.DE
TRD1.DE
XUTE.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 EUR Hedged (Dist) (XUTE.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.
| XUTE.DE | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.83 | -1.50 |
| Martin ratioReturn relative to average drawdown | 0.86 | 4.77 | -3.91 |
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Drawdowns
XUTE.DE vs. TRD1.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, which is greater than TRD1.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and TRD1.DE.
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Drawdown Indicators
| XUTE.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -17.81% | -5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -3.70% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -11.60% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -11.70% | -8.87% |
Current DrawdownCurrent decline from peak | -16.71% | -5.44% | -11.27% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -8.30% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.42% | -0.08% |
Volatility
XUTE.DE vs. TRD1.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 0.95%, while Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.79%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky 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
| XUTE.DE | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.79% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 4.67% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 6.32% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.71% | 7.48% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.09% | 8.11% | -3.02% |
XUTE.DE vs. TRD1.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% expense ratio, which is higher than TRD1.DE's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUTE.DE vs. TRD1.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.39%, less than TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
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 TRD1.DE have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRD1.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRD1.DE is cheaper with a 0.06% expense ratio, compared with 0.10% for XUTE.DE.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.10% for XUTE.DE and 0.06% for TRD1.DE.
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