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.
RebalixTREI vs TMX1XN · report of 5 September 2026
The funds at a glance
From official issuer documents and the ESMA register
TREIIE00BKWD3C98Invesco US Treasury Bond 0-1 Year UCITS ETF DistBonds · Government · 0-1 years · North America
Declared index
Bloomberg US Treasury Coupons Index
TER
0.06%
Transaction (KID)
0.00%
Fund size
561 mln EUR
Launch
21 Jan 2020
Currency
USD
Replication
Physical
Hedging
No
Holdings
51
Duration
0.48 yrs
Distributions 12m
1.5913 USD
Effective 🇮🇹 rate
12.50%
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
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.
TREI3y avg: −0.04%/anno
2025
−0.03%
2024
−0.03%
2023
−0.05%
2022
−0.03%
2021
−0.04%
TMX1XNn/d
hedged class: the published index is unhedged, the gap would measure the exchange rate
—
Rebalix · TREI vs TMX1XNsection 1 of 4
RebalixTREI vs TMX1XN · report of 5 September 2026
TREI — Invesco US Treasury Bond 0-1 Year UCITS ETF Dist · IE00BKWD3C98 · Bonds · Government · 0-1 years · North America
TMX1XN — Invesco US Treasury Bond 0-1 Year UCITS ETF MXN Hdg Acc · IE000RZNG4X9 · Bonds · Government · 0-1 years · North America
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: TREI; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
TREI
−14.7%
28 Jan 2026
not yet
569 days (ongoing)
TMX1XN
−17.2%
05 Sept 2024
496 days
642 days · back to break-even on 14 Jan 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)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · TREI vs TMX1XNsection 2 of 4
RebalixTREI vs TMX1XN · report of 5 September 2026
TREI — Invesco US Treasury Bond 0-1 Year UCITS ETF Dist · IE00BKWD3C98 · Bonds · Government · 0-1 years · North America
TMX1XN — Invesco US Treasury Bond 0-1 Year UCITS ETF MXN Hdg Acc · IE000RZNG4X9 · Bonds · Government · 0-1 years · North America
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 · TREI vs TMX1XNsection 3 of 4
RebalixTREI vs TMX1XN · report of 5 September 2026
Full comparison table
"—" = not published by the source, never estimated
TREI — Invesco US Treasury Bond 0-1 Year UCITS ETF Dist · IE00BKWD3C98 · Bonds · Government · 0-1 years · North America
TMX1XN — Invesco US Treasury Bond 0-1 Year UCITS ETF MXN Hdg Acc · IE000RZNG4X9 · Bonds · Government · 0-1 years · North America
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~38 euro TREI · ~95 euro TMX1XN. 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.