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Rebalix
Comparison report · official data side by side

TREX vs TRXC


TREXInvesco US Treasury Bond 7-10 Year UCITS ETF Dist
IE00BF2FN646 · Bonds · Government · 7-10 years · North America
TRXCInvesco US Treasury Bond 7-10 Year UCITS ETF CHF Hdg Acc
IE00BF2FNF39 · Bonds · Government CHF · 7-10 years · North America
Open the interactive comparison on rebalix.com →

Comparison window: 20 Feb 20245 Aug 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared

Report produced on 4 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.

RebalixTREX vs TRXC · report of 4 September 2026

The funds at a glance

From official issuer documents and the ESMA register
TREXIE00BF2FN646Invesco US Treasury Bond 7-10 Year UCITS ETF DistBonds · Government · 7-10 years · North America
Declared index
Bloomberg US Treasury 7-10 Year Index
TER
0.06%
Transaction (KID)
0.00%
Fund size
1.4 mld EUR
Launch
11 Jan 2019
Currency
USD
Replication
Physical
Hedging
No
Holdings
14
Duration
6.87 yrs
Distributions 12m
1.5204 USD
Effective 🇮🇹 rate
12.50%
TRXCIE00BF2FNF39Invesco US Treasury Bond 7-10 Year UCITS ETF CHF Hdg AccBonds · Government CHF · 7-10 years · North America
Declared index
Bloomberg US Treasury 7-10 Year Index
TER
0.10%
Transaction (KID)
0.04%
Fund size
1.1 mld EUR
Launch
20 Feb 2024
Currency
CHF
Replication
Physical
Hedging
Yes — in CHF
Holdings
14
Duration
6.87 yrs
Distributions 12m
acc.
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.
TREX3y avg: +0.04%/anno
2025
+0.07%
2024
+0.05%
2023
+0.01%
2022
−0.01%
2021
−0.01%
2020
+0.02%
TRXCn/d
hedged class: the published index is unhedged, the gap would measure the exchange rate
Rebalix · TREX vs TRXCsection 1 of 3
RebalixTREX vs TRXC · report of 4 September 2026
TREXInvesco US Treasury Bond 7-10 Year UCITS ETF Dist · IE00BF2FN646 · Bonds · Government · 7-10 years · North America
TRXCInvesco US Treasury Bond 7-10 Year UCITS ETF CHF Hdg Acc · IE00BF2FNF39 · Bonds · Government CHF · 7-10 years · North America

Performance over the period, in euro

From 20 Feb 2024 to 5 Aug 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
10010992103100
In today’s purchasing power (net of Italy inflation)
100109929795
TREXTRXC
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)
0%-5%-10%-15%-20%TREXTRXC20252026trough TREX: −13.0% · 28 Jan 2026trough TRXC: −8.7% · 10 Jan 2025
Filled area: TREX; thin lines: the other funds.
The worst episode, fund by fund
FundMax drawdownTroughRecovery timeUnderwater
TREX−13.0%28 Jan 2026not yet523 days (ongoing)
TRXC−8.7%10 Jan 2025413 days535 days · back to break-even on 27 Feb 2026
"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)
0%-5%-10%-15%-20%TREXTRXC20252026trough TREX: −17.0% · 19 May 2026trough TRXC: −10.5% · 29 Jul 2026
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · TREX vs TRXCsection 2 of 3
RebalixTREX vs TRXC · report of 4 September 2026

Full comparison table

"—" = not published by the source, never estimated
TREXInvesco US Treasury Bond 7-10 Year UCITS ETF Dist · IE00BF2FN646 · Bonds · Government · 7-10 years · North America
TRXCInvesco US Treasury Bond 7-10 Year UCITS ETF CHF Hdg Acc · IE00BF2FNF39 · Bonds · Government CHF · 7-10 years · North America
MetricTREXTRXCNote
Identity
CategoryBonds · Government · 7-10 years · North AmericaBonds · Government CHF · 7-10 years · North AmericaRebalix engine classification
ReplicationPhysicalPhysicalas declared by the issuer
Currency hedgingNoYes — hedged to CHFsource: class name, factsheet
Income policydistributingaccumulating
Costs
TER0.06%0.10%from the KID
Transaction costs (KID)0.00%0.04%internal
All-in cost0.06%0.14%TER + transaction
Tracking difference (3a)+0.04%vs its OWN index
Performance in euro (ECB rates)
1 year+0.8%−2.8%
3 years+3.1%
5 years−5.8%
10 years— = series younger than the window
Risk · last 3 years
Volatility (ann.)+6.56%
Max drawdown−8.57%
Sharpe-0.55risk-free = ECB MRO avg
Sortino-0.74like Sharpe, downside only
Fixed income
Duration6.87 yrs (eff.)6.87 yrs (eff.)TREX: factsheet 31 Jul 2026 · TRXC: factsheet 31 Jul 2026
Duration bandmedium (3–7 years)medium (3–7 years)short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share99.6%99.6%BBB−/Baa3 and above
Heaviest rating bucketAA (99.6%)AA (99.6%)
Most represented maturity5 to 10 years (99.6%)5 to 10 years (99.6%)
Distributions (fund currency)
Frequencyquarterlyaccumulating class
Distributions, last 12 months1.5204 USDaccumulating classper share
Distribution yield4.37%accumulating class12 months / NAV
Last ex-date10 Sept 2026 · 0.3911 USDaccumulating class
Italian taxation
Effective capital-gains rate12.50%12.50%white list, current half-year
Documents & exchanges
Listing venues9ESMA register
Borsa Italiana tickerTREX
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~38 euro TREX · ~89 euro TRXC. 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.

Rebalix · TREX vs TRXCsection 3 of 3