- Issuer
- iShares
- Inception Date
- Jun 26, 2019
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
IBTG.L Performance Chart
iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.L) is up 0.7% since the beginning of the year. IBTG.L is currently trading at £5 per share. Investors who bought £1,000 worth of IBTG.L shares 5 years ago would now be looking at an investment worth £1,079.
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Returns By Period
iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.L) has returned 0.68% so far this year and 3.11% over the past 12 months.
iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist)
- 1D
- 0.08%
- 1M
- 0.08%
- 6M
- 0.68%
- YTD
- 0.68%
- 1Y
- 3.11%
- 3Y*
- 4.05%
- 5Y*
- 1.54%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
IBTG.L Monthly Returns History
Based on dividend-adjusted daily data since Apr 10, 2018, IBTG.L's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.
Historically, 51% of months were positive and 49% were negative. The best month was Mar 2023 with a return of +1.4%, while the worst month was Mar 2022 at -1.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, IBTG.L closed higher 16% of trading days. The best single day was Mar 13, 2023 with a return of +1.1%, while the worst single day was Mar 16, 2023 at -0.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.64% | -0.46% | 0.22% | -0.00% | 0.22% | 0.08% | 0.68% | |||||
| 2025 | 0.43% | 0.85% | 0.45% | 0.64% | -0.21% | 0.64% | 0.00% | 0.64% | 0.47% | 0.21% | 0.43% | 0.43% | 5.08% |
| 2024 | 0.43% | -0.42% | 0.10% | -0.22% | 0.65% | 0.43% | 1.08% | 1.06% | 0.80% | -0.85% | 0.43% | 0.21% | 3.75% |
| 2023 | 0.64% | -0.85% | 1.42% | 0.21% | -0.43% | -0.43% | 0.22% | 0.43% | 0.02% | 0.22% | 1.09% | 1.08% | 3.65% |
| 2022 | -0.81% | -0.41% | -1.49% | -0.42% | 0.63% | -0.83% | 0.42% | -0.84% | -1.10% | -0.43% | 0.22% | 0.43% | -4.56% |
| 2021 | -0.20% | 0.00% | -0.03% | 0.00% | 0.00% | -0.00% | -0.00% | 0.00% | 0.01% | -0.40% | -0.00% | -0.20% | -0.82% |
Benchmark Metrics
iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) has an annualized alpha of 1.63%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 10, 2018.
- This ETF captured 2.42% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.41%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.01 may look defensive, but with R2 of 0.01 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 0.01 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
- 1.63%
- Beta
- -0.01
- R²
- 0.01
- Upside Capture
- 2.42%
- Downside Capture
- -5.41%
Expense Ratio
IBTG.L has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
IBTG.L ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.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.
| IBTG.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.31 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 2.50 | +2.12 |
| Martin ratioReturn relative to average drawdown | 14.41 | 9.11 | +5.30 |
Dividends
Dividend History
iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) provided a 3.87% dividend yield over the last twelve months, with an annual payout of £0.18 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | £0.18 | £0.19 | £0.19 | £0.14 | £0.04 | £0.03 | £0.08 | £0.12 | £0.04 |
Dividend yield | 3.87% | 4.08% | 4.12% | 2.92% | 0.76% | 0.59% | 1.66% | 2.35% | 0.78% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist). The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | £0.00 | £0.00 | £0.09 | £0.00 | £0.00 | £0.00 | £0.00 | £0.09 | |||||
| 2025 | £0.00 | £0.00 | £0.10 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.09 | £0.00 | £0.00 | £0.00 | £0.19 |
| 2024 | £0.00 | £0.00 | £0.09 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.10 | £0.00 | £0.00 | £0.00 | £0.19 |
| 2023 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.14 |
| 2022 | £0.00 | £0.00 | £0.01 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.03 | £0.00 | £0.00 | £0.00 | £0.04 |
| 2021 | £0.00 | £0.00 | £0.02 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.01 | £0.00 | £0.00 | £0.00 | £0.03 |
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 GBP Hedged (Dist). 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 GBP Hedged (Dist) was 6.15%, occurring on Nov 3, 2022. Recovery took 437 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-6.15%Nov 2022 | 1y 10mo | 1y 9mo | 3y 6moJan 2021 - Jul 2024 | Bear market2022 |
-0.85%Oct 2024 | 11d | 3mo 3d | 3mo 14dOct 2024 - Jan 2025 | — |
-0.67%Mar 2026 | 17d | 3mo 29d | 4mo 16dMar 2026 - Jul 2026 | — |
-0.64%May 2025 | 1mo 3d | 1mo 11d | 2mo 14dApr 2025 - Jun 2025 | 2025 selloff2025 |
-0.63%Oct 2018 | 4mo 5d | 2mo 15d | 6mo 20dJun 2018 - Dec 2018 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| IBTG.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.15% | -37.07% | +30.92% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -8.03% | +7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -0.85% | -22.15% | +21.30% |
Max Drawdown (5Y)Largest decline over 5 years | -6.13% | -22.15% | +16.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.42% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -5.29% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 2.20% | -1.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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