DTLA.L vs. IBTM
DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both exchange-traded funds - DTLA.L is a Government Bonds fund tracking the ICE US Treasury 20+ Year Index, while IBTM is a Intermediate Core Bond fund tracking the ICE 2032 Maturity US Treasury Index. Both are passively managed. Over the past 3 years, DTLA.L returned -1.20%/yr vs 3.05%/yr for IBTM. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
DTLA.L vs. IBTM - Performance Comparison
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Returns By Period
In the year-to-date period, DTLA.L achieves a -0.86% return, which is significantly lower than IBTM's -0.36% return.
DTLA.L
- 1D
- 0.44%
- 1M
- 1.10%
- YTD
- -0.86%
- 6M
- 0.88%
- 1Y
- 4.30%
- 3Y*
- -1.20%
- 5Y*
- -6.37%
- 10Y*
- —
IBTM
- 1D
- -0.22%
- 1M
- 0.15%
- YTD
- -0.36%
- 6M
- -0.07%
- 1Y
- 3.66%
- 3Y*
- 3.05%
- 5Y*
- —
- 10Y*
- —
DTLA.L vs. IBTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.86% | 4.49% | -6.90% | 1.69% | -10.52% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | -0.36% | 8.06% | -0.14% | 3.48% | -5.01% |
Correlation
The correlation between DTLA.L and IBTM is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2022 | 0.70 |
The correlation between DTLA.L and IBTM shifts across timeframes, from 0.56 (1 year) to 0.71 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DTLA.L vs. IBTM — Risk / Return Rank
DTLA.L
IBTM
DTLA.L vs. IBTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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.
| DTLA.L | IBTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.14 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.03 | -0.58 |
| Martin ratioReturn relative to average drawdown | 1.12 | 2.81 | -1.69 |
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Drawdowns
DTLA.L vs. IBTM - Drawdown Comparison
The maximum DTLA.L drawdown since its inception was -48.41%, which is greater than IBTM's maximum drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for DTLA.L and IBTM.
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Drawdown Indicators
| DTLA.L | IBTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.41% | -13.60% | -34.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -3.26% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.57% | -7.86% | -10.71% |
Max Drawdown (5Y)Largest decline over 5 years | -42.80% | — | — |
Current DrawdownCurrent decline from peak | -40.40% | -2.24% | -38.16% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -4.80% | -19.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.19% | +1.81% |
Volatility
DTLA.L vs. IBTM - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a higher volatility of 3.33% compared to iShares iBonds Dec 2032 Term Treasury ETF (IBTM) at 1.30%. This indicates that DTLA.L's price experiences larger fluctuations and is considered to be riskier than IBTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTLA.L | IBTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 1.30% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.74% | 2.80% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 4.02% | +6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 7.54% | +7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 7.54% | +7.25% |
DTLA.L vs. IBTM - Expense Ratio Comparison
Both DTLA.L and IBTM 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
DTLA.L vs. IBTM - Dividend Comparison
DTLA.L has not paid dividends to shareholders, while IBTM's dividend yield for the trailing twelve months is around 3.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTM iShares iBonds Dec 2032 Term Treasury ETF | 3.95% | 3.87% | 3.96% | 3.39% | 1.38% |
Frequently Asked Questions
DTLA.L and IBTM have a correlation of 0.56, 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.
DTLA.L and IBTM have the same expense ratio: 0.07% per year.
DTLA.L is categorized as Government Bonds, while IBTM is Intermediate Core Bond. DTLA.L tracks ICE US Treasury 20+ Year Index, while IBTM tracks ICE 2032 Maturity US Treasury Index.
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