Your choices go into the PDF (cover and captions); this bar does not.
Rebalix
Comparison report · official data side by side

U37H vs US37


U37HAmundi US Treasury Bond 3-7Y UCITS ETF GBP Hedged Dist
LU1407889457 · Bonds · Government GBP · 3-7 years · North America
US37Amundi US Treasury Bond 3-7Y UCITS ETF Dist
LU1407888996 · Bonds · Government · 3-7 years · North America
Open the interactive comparison on rebalix.com →

Comparison window: 2 Nov 20228 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared

Report produced on 10 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.

RebalixU37H vs US37 · report of 10 September 2026

The funds at a glance

From official issuer documents and the ESMA register
U37HLU1407889457Amundi US Treasury Bond 3-7Y UCITS ETF GBP Hedged DistBonds · Government GBP · 3-7 years · North America
Declared index
Bloomberg US Treasury 3-7 Year Index
TER
0.06%
Transaction (KID)
0.00%
Fund size
3 mln EUR
Launch
2 Nov 2022
Currency
GBP
Replication
Physical
Hedging
Yes — in GBP
Holdings
90
Duration
4.30 yrs
Distributions 12m
0.35 GBP
Effective 🇮🇹 rate
14.30%
US37LU1407888996Amundi US Treasury Bond 3-7Y UCITS ETF DistBonds · Government · 3-7 years · North America
Declared index
Bloomberg US Treasury 3-7 Year Index
TER
0.06%
Transaction (KID)
0.00%
Fund size
53 mln EUR
Launch
13 Oct 2016
Currency
USD
Replication
Physical
Hedging
No
Holdings
90
Duration
4.27 yrs
Distributions 12m
3.62 USD
Effective 🇮🇹 rate
14.30%

Tracking difference — year by year

Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
U37Hn/d
2025
−0.06%
2024
−0.04%
US373y avg: −0.04%/anno
2025
−0.03%
2024
−0.05%
2023
−0.05%
2022
−0.05%
2021
−0.08%
2020
−0.13%
Rebalix · U37H vs US37section 1 of 4
RebalixU37H vs US37 · report of 10 September 2026
U37HAmundi US Treasury Bond 3-7Y UCITS ETF GBP Hedged Dist · LU1407889457 · Bonds · Government GBP · 3-7 years · North America
US37Amundi US Treasury Bond 3-7Y UCITS ETF Dist · LU1407888996 · Bonds · Government · 3-7 years · North America

Performance over the period, in euro

From 2 Nov 2022 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
1001169111498
In today’s purchasing power (net of Italy inflation)
1001169110893
U37HUS37
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%U37HUS372023202420252026trough U37H: −7.2% · 15 Dec 2025trough US37: −12.8% · 28 Jan 2026
Filled area: U37H; thin lines: the other funds.
The worst episode, fund by fund
FundMax drawdownTroughRecovery timeUnderwater
U37H−7.2%15 Dec 2025not yet714 days (ongoing)
US37−12.8%28 Jan 2026not yet1,405 days (ongoing)
"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%U37HUS372023202420252026trough U37H: −11.1% · 15 May 2026trough US37: −16.7% · 11 May 2026
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · U37H vs US37section 2 of 4
RebalixU37H vs US37 · report of 10 September 2026
U37HAmundi US Treasury Bond 3-7Y UCITS ETF GBP Hedged Dist · LU1407889457 · Bonds · Government GBP · 3-7 years · North America
US37Amundi US Treasury Bond 3-7Y UCITS ETF Dist · LU1407888996 · Bonds · Government · 3-7 years · North America

Geographic composition

% of portfolio, from full declared holdings
U37HUS37United States99.1%98.9%

Sector composition

GICS sectors, same sources and dates
U37HUS37Government99.1%98.9%

Portfolio overlap

90 common holdings · ticker match on full official portfolios
25%50%75%100%Weight of common holdings in U37H99.1%Weight of common holdings in US3798.9%Truly shared part (duplicated investment)98.9%
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 90 common holdings this gives 98.9%: buying both funds, roughly this share of your money buys the same stocks twice. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Rebalix · U37H vs US37section 3 of 4
RebalixU37H vs US37 · report of 10 September 2026

Full comparison table

"—" = not published by the source, never estimated
U37HAmundi US Treasury Bond 3-7Y UCITS ETF GBP Hedged Dist · LU1407889457 · Bonds · Government GBP · 3-7 years · North America
US37Amundi US Treasury Bond 3-7Y UCITS ETF Dist · LU1407888996 · Bonds · Government · 3-7 years · North America
MetricU37HUS37Note
Identity
CategoryBonds · Government GBP · 3-7 years · North AmericaBonds · Government · 3-7 years · North AmericaRebalix engine classification
ReplicationPhysicalPhysicalas declared by the issuer
Currency hedgingYes — hedged to GBPNosource: class name, factsheet
Income policydistributingdistributing
Costs
TER0.06%0.06%from the KID
Transaction costs (KID)0.00%0.00%internal
All-in cost0.06%0.06%TER + transaction
Tracking difference (3a)−0.04%vs its OWN index
Performance in euro (ECB rates)
1 year+1.3%+0.8%
3 years+11.6%+3.7%
5 years+3.1%
10 years+10.8%— = series younger than the window
Risk · last 3 years
Volatility (ann.)+4.71%+4.71%
Max drawdown−6.16%−6.04%
Sharpe-0.41-0.35risk-free = ECB MRO avg
Sortino-0.51-0.44like Sharpe, downside only
Fixed income
Duration4.30 yrs (mod.)4.27 yrs (mod.)U37H: factsheet 30 Apr 2026 · US37: factsheet 31 Jul 2026
Duration bandmedium (3–7 years)medium (3–7 years)short ≤3 · medium 3–7 · long >7 yrs
Investment-grade share99.0%91.0%BBB−/Baa3 and above
Heaviest rating bucketAA (99.0%)AA (91.0%)
Most represented maturity3–5 years (63.1%)3–5 years (63.6%)
Distributions (fund currency)
Frequencyannualannual
Distributions, last 12 months0.35 GBP3.62 USDper share
Distribution yield3.33%3.33%12 months / NAV
Last ex-date9 Dec 2025 · 0.35 GBP9 Dec 2025 · 3.62 USD
Italian taxation
Effective capital-gains rate14.30%14.30%white list, current half-year
Documents & exchanges
Listing venues28ESMA register
Borsa Italiana tickerUS37
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~38 euro U37H · ~38 euro US37. 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 · U37H vs US37section 4 of 4