CU71.L vs. IBTL.L
CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and IBTL.L (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both Government Bonds funds from iShares - CU71.L tracks the ICE U.S. Treasury 3-7 Year Bond Index while IBTL.L tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, CU71.L returned 1.66%/yr vs -1.20%/yr for IBTL.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
CU71.L vs. IBTL.L - Performance Comparison
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Returns By Period
In the year-to-date period, CU71.L achieves a 2.03% return, which is significantly lower than IBTL.L's 3.59% return. Over the past 10 years, CU71.L has outperformed IBTL.L with an annualized return of 1.66%, while IBTL.L has yielded a comparatively lower -1.20% annualized return.
CU71.L
- 1D
- 0.45%
- 1M
- 2.78%
- YTD
- 2.03%
- 6M
- 2.74%
- 1Y
- 6.34%
- 3Y*
- 2.71%
- 5Y*
- 1.62%
- 10Y*
- 1.66%
IBTL.L
- 1D
- 1.52%
- 1M
- 6.32%
- YTD
- 3.59%
- 6M
- 4.54%
- 1Y
- 8.59%
- 3Y*
- -2.39%
- 5Y*
- -5.02%
- 10Y*
- -1.20%
CU71.L vs. IBTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 2.03% | -0.08% | 3.77% | -1.43% | 1.45% | -1.10% | 3.33% | 2.76% | 6.17% | -7.01% |
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 3.59% | -2.80% | -5.51% | -3.61% | -22.17% | -3.32% | 13.06% | 12.05% | 3.88% | -0.83% |
Correlation
The correlation between CU71.L and IBTL.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.70 |
The correlation between CU71.L and IBTL.L has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.
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Return for Risk
CU71.L vs. IBTL.L — Risk / Return Rank
CU71.L
IBTL.L
CU71.L vs. IBTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.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.
| CU71.L | IBTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.04 | +0.22 |
| Martin ratioReturn relative to average drawdown | 3.03 | 2.17 | +0.85 |
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Drawdowns
CU71.L vs. IBTL.L - Drawdown Comparison
The maximum CU71.L drawdown since its inception was -25.85%, smaller than the maximum IBTL.L drawdown of -48.85%. Use the drawdown chart below to compare losses from any high point for CU71.L and IBTL.L.
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Drawdown Indicators
| CU71.L | IBTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.85% | -48.85% | +23.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -8.26% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | -17.10% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.85% | -39.34% | +13.49% |
Max Drawdown (10Y)Largest decline over 10 years | -25.85% | -48.85% | +23.00% |
Current DrawdownCurrent decline from peak | -17.22% | -42.92% | +25.70% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -22.75% | +13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 3.94% | -1.85% |
Volatility
CU71.L vs. IBTL.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) is 1.52%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) has a volatility of 2.83%. This indicates that CU71.L experiences smaller price fluctuations and is considered to be less risky than IBTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU71.L | IBTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 2.83% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 6.80% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 9.68% | -3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 15.42% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 15.86% | -0.23% |
CU71.L vs. IBTL.L - Expense Ratio Comparison
Both CU71.L and IBTL.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CU71.L vs. IBTL.L - Dividend Comparison
CU71.L has not paid dividends to shareholders, while IBTL.L's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.55% | 4.31% | 4.58% | 3.79% | 2.96% | 1.72% | 1.86% | 2.54% | 2.75% | 2.68% | 2.45% | 2.09% |
Frequently Asked Questions
CU71.L and IBTL.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CU71.L and IBTL.L have the same expense ratio: 0.07% per year.
CU71.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while IBTL.L tracks ICE U.S. Treasury 20+ Year Bond Index.
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