CU71.L vs. UB74.L
CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - CU71.L tracks the ICE U.S. Treasury 3-7 Year Bond Index while UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, CU71.L returned 1.28%/yr vs 1.62%/yr for UB74.L. Their correlation of 0.90 suggests significant overlap in exposure. CU71.L charges 0.07%/yr vs 0.05%/yr for UB74.L.
Performance
CU71.L vs. UB74.L - Performance Comparison
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Returns By Period
In the year-to-date period, CU71.L achieves a 1.85% return, which is significantly lower than UB74.L's 2.45% return. Over the past 10 years, CU71.L has underperformed UB74.L with an annualized return of 1.28%, while UB74.L has yielded a comparatively higher 1.62% annualized return.
CU71.L
- 1D
- -0.17%
- 1M
- 2.33%
- YTD
- 1.85%
- 6M
- 2.57%
- 1Y
- 6.11%
- 3Y*
- 2.62%
- 5Y*
- 1.58%
- 10Y*
- 1.28%
UB74.L
- 1D
- -0.27%
- 1M
- 2.02%
- YTD
- 2.45%
- 6M
- 3.07%
- 1Y
- 6.30%
- 3Y*
- 2.90%
- 5Y*
- 2.88%
- 10Y*
- 1.62%
CU71.L vs. UB74.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) | 1.85% | -0.08% | 3.77% | -1.43% | 1.45% | -1.10% | 3.33% | 2.76% | 6.17% | -7.01% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 2.45% | -2.06% | 5.76% | -1.66% | 7.62% | 0.57% | -0.46% | 0.26% | 7.13% | -8.67% |
Correlation
The correlation between CU71.L and UB74.L is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.90 |
The correlation between CU71.L and UB74.L has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
CU71.L vs. UB74.L — Risk / Return Rank
CU71.L
UB74.L
CU71.L vs. UB74.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 UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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 | UB74.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.36 | -0.15 |
| Martin ratioReturn relative to average drawdown | 2.91 | 3.46 | -0.55 |
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Drawdowns
CU71.L vs. UB74.L - Drawdown Comparison
The maximum CU71.L drawdown since its inception was -25.85%, smaller than the maximum UB74.L drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for CU71.L and UB74.L.
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Drawdown Indicators
| CU71.L | UB74.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.85% | -41.53% | +15.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -4.61% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.81% | -8.93% | -11.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.85% | -16.34% | -9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -25.85% | -18.81% | -7.04% |
Current DrawdownCurrent decline from peak | -17.36% | -9.00% | -8.36% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -21.38% | +11.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.81% | +0.28% |
Volatility
CU71.L vs. UB74.L - Volatility Comparison
iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) have volatilities of 1.53% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU71.L | UB74.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.57% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 4.50% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 6.16% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 8.07% | +11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 8.76% | +6.86% |
CU71.L vs. UB74.L - Expense Ratio Comparison
CU71.L has a 0.07% expense ratio, which is higher than UB74.L's 0.05% 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
CU71.L vs. UB74.L - Dividend Comparison
CU71.L has not paid dividends to shareholders, while UB74.L's dividend yield for the trailing twelve months is around 3.63%.
| 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% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.63% | 4.94% | 3.67% | 2.22% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
With a correlation of 0.94, CU71.L and UB74.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.07% for CU71.L.
CU71.L tracks ICE U.S. Treasury 3-7 Year Bond Index, while UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.07% for CU71.L and 0.05% for UB74.L.
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