Nest Treasury Vault vs Invesco Short Duration US Government Securities Fund

Invesco Short Duration US Government Securities Fund (USTB) is 182.3× the size of Nest Treasury Vault (NTBILL) by market capitalisation. Over the past 30 days, NTBILL is ahead by 0.1 percentage points (NTBILL +0.7% against USTB +0.5%). Their daily returns move loosely in opposite directions (correlation -0.59 across 24 shared trading days). NTBILL has been the more volatile of the two, at 151% annualised against USTB's 1%.

Correlation: -0.59
Size ratio: 1 : 182.3
Ahead over 30 days: NTBILL

Nest Treasury VaultNTBILL

$1.0620

24h: +0.03%
Market cap: $3.49M
Volume 24h: —
Volatility (ann.): 151%

Invesco Short Duration US Government Securities FundUSTB

$11.2700

24h: +0.03%
Market cap: $635.39M
Volume 24h: —
Volatility (ann.): 1%

NTBILL 0.5%Share of the two combined market caps99.5% USTB

Performance

NTBILLUSTB

7 days+0.38%+0.09%NTBILL
30 days+0.66%+0.54%NTBILL

Correlation

-0.59over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	NTBILL	USTB
Max drawdown (400d)	-25.9%	0.0%
Risk-adjusted return (90d)	0.00	1.15

Relative strength over 90 days: NTBILL outperformed USTB by 0.0% — measured on the NTBILL/USTB ratio, so it holds regardless of market direction.

Nest Treasury Vault →Invesco Short Duration US Government Securities Fund →