CU71.L vs. VUTA.L
CU71.L (iShares USD Treasury Bond 3-7yr UCITS ETF (Acc)) and VUTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - CU71.L tracks the ICE U.S. Treasury 3-7 Year Bond Index while VUTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, CU71.L returned 1.42%/yr vs 0.61%/yr for VUTA.L. With a 0.97 correlation, they move nearly in lockstep. CU71.L charges 0.07%/yr vs 0.05%/yr for VUTA.L.
Performance
CU71.L vs. VUTA.L - Performance Comparison
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Different Trading Currencies
CU71.L is traded in GBp, while VUTA.L is traded in GBP. To make them comparable, the VUTA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CU71.L achieves a -0.39% return, which is significantly lower than VUTA.L's -0.18% return.
CU71.L
- 1D
- 0.05%
- 1M
- 0.94%
- YTD
- -0.39%
- 6M
- -1.09%
- 1Y
- 3.97%
- 3Y*
- 1.07%
- 5Y*
- 1.42%
- 10Y*
- 2.15%
VUTA.L
- 1D
- 0.07%
- 1M
- 1.20%
- YTD
- -0.18%
- 6M
- -0.99%
- 1Y
- 4.37%
- 3Y*
- 0.22%
- 5Y*
- 0.61%
- 10Y*
- —
CU71.L vs. VUTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CU71.L iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) | -0.39% | -0.08% | 3.77% | -1.43% | 1.45% | -1.10% | 3.33% | 4.40% |
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.18% | -1.12% | 2.50% | -1.89% | -1.88% | -1.09% | 3.97% | 5.44% |
Correlation
The correlation between CU71.L and VUTA.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.97 |
The correlation between CU71.L and VUTA.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
CU71.L vs. VUTA.L — Risk / Return Rank
CU71.L
VUTA.L
CU71.L vs. VUTA.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.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.
| CU71.L | VUTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.84 | -0.05 |
| Martin ratioReturn relative to average drawdown | 1.94 | 2.02 | -0.08 |
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
| CU71.L | VUTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.73 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.07 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.08 | +0.18 |
Drawdowns
CU71.L vs. VUTA.L - Drawdown Comparison
The maximum CU71.L drawdown since its inception was -20.50%, smaller than the maximum VUTA.L drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for CU71.L and VUTA.L.
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Drawdown Indicators
| CU71.L | VUTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -23.40% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -5.21% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -7.33% | -8.20% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -16.17% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -20.50% | — | — |
Current DrawdownCurrent decline from peak | -13.34% | -18.66% | +5.32% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -15.37% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.16% | -0.12% |
Volatility
CU71.L vs. VUTA.L - Volatility Comparison
iShares USD Treasury Bond 3-7yr UCITS ETF (Acc) (CU71.L) and Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) have volatilities of 1.45% and 1.39%, 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 | VUTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.39% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 4.40% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.99% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.27% | 8.70% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.55% | 9.39% | +0.16% |
CU71.L vs. VUTA.L - Expense Ratio Comparison
CU71.L has a 0.07% expense ratio, which is higher than VUTA.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. VUTA.L - Dividend Comparison
Neither CU71.L nor VUTA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, CU71.L and VUTA.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, VUTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTA.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 VUTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for CU71.L and 0.05% for VUTA.L.
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