Comparison window: 23 Feb 2024 → 5 Aug 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 5 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixTMX1XN vs T1EU · report of 5 September 2026
The funds at a glance
From official issuer documents and the ESMA register
TMX1XNIE000RZNG4X9Invesco US Treasury Bond 0-1 Year UCITS ETF MXN Hdg AccBonds · Government · 0-1 years · North America
Declared index
Bloomberg US Treasury Coupons Index
TER
0.10%
Transaction (KID)
0.05%
Fund size
9.5 mld EUR
Launch
23 Feb 2024
Currency
MXN
Replication
Physical
Hedging
Yes — in MXN
Holdings
51
Duration
0.48 yrs
Effective 🇮🇹 rate
12.50%
T1EUIE00BLCH1X54Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg AccBonds · Government EUR · 0-1 years · Eurozone
Declared index
Bloomberg US Treasury Coupons Index
TER
0.10%
Transaction (KID)
0.05%
Fund size
484 mln EUR
Launch
30 Mar 2020
Currency
EUR
Replication
Physical
Hedging
Yes — in EUR
Holdings
51
Duration
0.48 yrs
Effective 🇮🇹 rate
12.50%
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
TMX1XNn/d
hedged class: the published index is unhedged, the gap would measure the exchange rate
—
T1EUn/d
hedged class: the published index is unhedged, the gap would measure the exchange rate
—
Rebalix · TMX1XN vs T1EUsection 1 of 4
RebalixTMX1XN vs T1EU · report of 5 September 2026
TMX1XN — Invesco US Treasury Bond 0-1 Year UCITS ETF MXN Hdg Acc · IE000RZNG4X9 · Bonds · Government · 0-1 years · North America
T1EU — Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc · IE00BLCH1X54 · Bonds · Government EUR · 0-1 years · Eurozone
Performance over the period, in euro
From 23 Feb 2024 to 5 Aug 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: TMX1XN; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
TMX1XN
−17.2%
05 Sept 2024
496 days
642 days · back to break-even on 14 Jan 2026
T1EU
−0.1%
11 Apr 2025
17 days
20 days · back to break-even on 28 Apr 2025
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · TMX1XN vs T1EUsection 2 of 4
RebalixTMX1XN vs T1EU · report of 5 September 2026
TMX1XN — Invesco US Treasury Bond 0-1 Year UCITS ETF MXN Hdg Acc · IE000RZNG4X9 · Bonds · Government · 0-1 years · North America
T1EU — Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc · IE00BLCH1X54 · Bonds · Government EUR · 0-1 years · Eurozone
Geographic composition
% of portfolio, from full declared holdings
Sector composition
GICS sectors, same sources and dates
Portfolio overlap
51 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 51 common holdings this gives 100.0%: buying both funds, roughly this share of your money buys the same stocks twice. Matching is by company (one issuer does not publish security identifiers): identical holdings written differently may be missed, so the real overlap can be higher than shown. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Rebalix · TMX1XN vs T1EUsection 3 of 4
RebalixTMX1XN vs T1EU · report of 5 September 2026
Full comparison table
"—" = not published by the source, never estimated
TMX1XN — Invesco US Treasury Bond 0-1 Year UCITS ETF MXN Hdg Acc · IE000RZNG4X9 · Bonds · Government · 0-1 years · North America
T1EU — Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc · IE00BLCH1X54 · Bonds · Government EUR · 0-1 years · Eurozone
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~95 euro TMX1XN · ~95 euro T1EU. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.