ASDV.L vs. IBTU.L
ASDV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - ASDV.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, ASDV.L returned 4.04%/yr vs 3.42%/yr for IBTU.L. At a 0.02 correlation, their price movements are largely independent. ASDV.L charges 0.55%/yr vs 0.07%/yr for IBTU.L.
Performance
ASDV.L vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, ASDV.L achieves a 2.28% return, which is significantly higher than IBTU.L's 1.56% return.
ASDV.L
- 1D
- 0.24%
- 1M
- -0.53%
- YTD
- 2.28%
- 6M
- 1.61%
- 1Y
- 9.49%
- 3Y*
- 13.12%
- 5Y*
- 4.04%
- 10Y*
- 6.94%
IBTU.L
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.42%
- 10Y*
- —
ASDV.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS | 2.28% | 23.26% | 4.85% | 15.47% | -15.61% | 2.53% | 0.15% | 11.01% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.56% | 4.33% | 5.31% | 4.92% | 1.05% | 0.10% | 0.88% | 2.02% |
Correlation
The correlation between ASDV.L and IBTU.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.02 |
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Return for Risk
ASDV.L vs. IBTU.L — Risk / Return Rank
ASDV.L
IBTU.L
ASDV.L vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L). 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.
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.
| ASDV.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -5.87 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 3.47 | -2.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 19.33 | -18.09 |
| Martin ratioReturn relative to average drawdown | 3.14 | 83.96 | -80.82 |
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Drawdowns
ASDV.L vs. IBTU.L - Drawdown Comparison
The maximum ASDV.L drawdown since its inception was -35.08%, which is greater than IBTU.L's maximum drawdown of -0.72%. Use the drawdown chart below to compare losses from any high point for ASDV.L and IBTU.L.
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Drawdown Indicators
| ASDV.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.08% | -0.72% | -34.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.59% | -0.20% | -7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -0.20% | -14.43% |
Max Drawdown (5Y)Largest decline over 5 years | -33.92% | -0.40% | -33.52% |
Max Drawdown (10Y)Largest decline over 10 years | -35.08% | — | — |
Current DrawdownCurrent decline from peak | -5.75% | 0.00% | -5.75% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -0.06% | -8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.05% | +2.97% |
Volatility
ASDV.L vs. IBTU.L - Volatility Comparison
SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) has a higher volatility of 3.78% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.28%. This indicates that ASDV.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASDV.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 0.28% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 0.82% | +8.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 1.15% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 1.02% | +13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 0.95% | +14.25% |
ASDV.L vs. IBTU.L - Expense Ratio Comparison
ASDV.L has a 0.55% expense ratio, which is higher than IBTU.L's 0.07% expense ratio.
Dividends
ASDV.L vs. IBTU.L - Dividend Comparison
ASDV.L's dividend yield for the trailing twelve months is around 2.92%, less than IBTU.L's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS | 2.92% | 2.85% | 3.11% | 2.89% | 3.63% | 2.98% | 2.82% | 2.65% | 2.52% | 1.70% | 2.37% | 3.24% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.06% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASDV.L and IBTU.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.55% for ASDV.L.
ASDV.L is categorized as Asia Pacific Equities, while IBTU.L is Government Bonds. ASDV.L tracks MSCI AC Asia Pacific NR USD, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for ASDV.L and 0.07% for IBTU.L.
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