36BD.DE vs. XT01.DE
36BD.DE (iShares USD Development Bank Bonds UCITS ETF USD Acc) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - 36BD.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped while XT01.DE tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, 36BD.DE returned 1.94%/yr vs 4.31%/yr for XT01.DE. Their correlation of 0.87 suggests significant overlap in exposure. 36BD.DE charges 0.15%/yr vs 0.06%/yr for XT01.DE.
Performance
36BD.DE vs. XT01.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36BD.DE achieves a 1.33% return, which is significantly lower than XT01.DE's 2.61% return.
36BD.DE
- 1D
- 0.05%
- 1M
- 0.81%
- YTD
- 1.33%
- 6M
- 0.62%
- 1Y
- 2.03%
- 3Y*
- 1.18%
- 5Y*
- 1.94%
- 10Y*
- —
XT01.DE
- 1D
- -0.08%
- 1M
- 1.37%
- YTD
- 2.61%
- 6M
- 1.83%
- 1Y
- 2.36%
- 3Y*
- 1.88%
- 5Y*
- 4.31%
- 10Y*
- —
36BD.DE vs. XT01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
36BD.DE iShares USD Development Bank Bonds UCITS ETF USD Acc | 1.33% | -5.15% | 8.61% | 0.84% | -1.81% | 3.54% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 2.61% | -7.30% | 11.24% | 1.44% | 7.11% | 3.85% |
Correlation
The correlation between 36BD.DE and XT01.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.87 |
The correlation between 36BD.DE and XT01.DE has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
36BD.DE vs. XT01.DE — Risk / Return Rank
36BD.DE
XT01.DE
36BD.DE vs. XT01.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 36BD.DE | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.06 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.63 | -0.16 |
| Martin ratioReturn relative to average drawdown | 1.13 | 1.33 | -0.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36BD.DE | XT01.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.35 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.57 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.44 | -0.26 |
Drawdowns
36BD.DE vs. XT01.DE - Drawdown Comparison
The maximum 36BD.DE drawdown since its inception was -11.97%, roughly equal to the maximum XT01.DE drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for 36BD.DE and XT01.DE.
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Drawdown Indicators
| 36BD.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -11.68% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -3.40% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -11.68% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -11.68% | -0.29% |
Current DrawdownCurrent decline from peak | -6.13% | -7.19% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.90% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.60% | -0.05% |
Volatility
36BD.DE vs. XT01.DE - Volatility Comparison
The current volatility for iShares USD Development Bank Bonds UCITS ETF USD Acc (36BD.DE) is 0.74%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a volatility of 1.25%. This indicates that 36BD.DE experiences smaller price fluctuations and is considered to be less risky than XT01.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36BD.DE | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.25% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.65% | 4.02% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.39% | 6.04% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.21% | 7.44% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 7.26% | -0.10% |
36BD.DE vs. XT01.DE - Expense Ratio Comparison
36BD.DE has a 0.15% expense ratio, which is higher than XT01.DE's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36BD.DE vs. XT01.DE - Dividend Comparison
Neither 36BD.DE nor XT01.DE has paid dividends to shareholders.
Frequently Asked Questions
36BD.DE and XT01.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for 36BD.DE.
36BD.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped, while XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for 36BD.DE and 0.06% for XT01.DE.
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