- Issuer
- iShares
- Inception Date
- Jun 26, 2019
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc)
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
IBTE.L Performance Chart
iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.L) is down 0.1% since the beginning of the year. IBTE.L is currently trading at €5 per share. Investors who bought €1,000 worth of IBTE.L shares 5 years ago would now be looking at an investment worth €1,003.
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Returns By Period
iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.L) has returned -0.14% so far this year and 1.46% over the past 12 months.
iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc)
- 1D
- 0.06%
- 1M
- 0.06%
- 6M
- -0.14%
- YTD
- -0.14%
- 1Y
- 1.46%
- 3Y*
- 2.43%
- 5Y*
- 0.06%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
IBTE.L Monthly Returns History
Based on dividend-adjusted daily data since Apr 10, 2018, IBTE.L's average daily return is 0.00%, while the average monthly return is +0.02%. At this rate, an investment would double in approximately 288.8 years.
Historically, 50% of months were positive and 50% were negative. The best month was Mar 2023 with a return of +1.3%, while the worst month was Mar 2022 at -1.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 9 months.
On a daily basis, IBTE.L closed higher 33% of trading days. The best single day was Mar 15, 2023 with a return of +1.1%, while the worst single day was Mar 24, 2020 at -0.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.39% | -0.59% | 0.00% | 0.00% | 0.00% | 0.06% | -0.14% | |||||
| 2025 | 0.40% | 0.40% | 0.40% | 0.60% | -0.40% | 0.40% | -0.20% | 0.60% | 0.20% | 0.20% | 0.20% | 0.20% | 3.04% |
| 2024 | 0.41% | -0.62% | 0.21% | -0.41% | 0.62% | 0.41% | 0.82% | 1.02% | 0.61% | -0.80% | 0.20% | -0.00% | 2.49% |
| 2023 | 0.36% | -0.89% | 1.28% | 0.20% | -0.56% | -0.62% | 0.21% | 0.21% | -0.21% | 0.21% | 0.84% | 0.84% | 1.87% |
| 2022 | -0.84% | -0.44% | -1.53% | -0.57% | 0.38% | -0.75% | 0.24% | -0.98% | -1.33% | -0.45% | 0.08% | 0.31% | -5.75% |
| 2021 | -0.09% | -0.19% | -0.02% | -0.03% | 0.02% | -0.22% | 0.12% | -0.10% | -0.17% | -0.41% | -0.10% | -0.29% | -1.46% |
Benchmark Metrics
iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) has an annualized alpha of 0.35%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 10, 2018.
- This ETF captured 0.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.03%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.35%
- Beta
- -0.01
- R²
- 0.00
- Upside Capture
- 0.28%
- Downside Capture
- -1.03%
Expense Ratio
IBTE.L has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IBTE.L ranks 28 for risk / return — below 28% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBTE.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.01 | -1.73 |
| Martin ratioReturn relative to average drawdown | 3.18 | 11.10 | -7.92 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) was 8.51%, occurring on Mar 8, 2023. The portfolio has not yet recovered.
The current iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) drawdown is 0.78%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-8.51%Mar 2023 | 2y 10mo | — | 6y 3moApr 2020 - now | — |
-1.07%Nov 2018 | 7mo 1d | 5mo 22d | 1y 18dApr 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-1.05%Mar 2020 | 6d | 4d | 10dMar 2020 - Mar 2020 | COVID crash2020 |
-0.77%Dec 2019 | 3mo 9d | 2mo 17d | 5mo 26dSep 2019 - Feb 2020 | — |
-0.76%Mar 2020 | 0s | 22d | 22dMar 2020 - Apr 2020 | COVID crash2020 |
Drawdown Indicators
| IBTE.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.51% | -51.17% | +42.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -7.57% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -23.99% | +22.96% |
Max Drawdown (5Y)Largest decline over 5 years | -7.66% | -23.99% | +16.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.52% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -8.90% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.04% | -1.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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