DTLA.L vs. V3GD.L
DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) and V3GD.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing) are both exchange-traded funds - DTLA.L is a Government Bonds fund tracking the ICE US Treasury 20+ Year Index, while V3GD.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp 0901 TR Hdg USD. Both are passively managed. Over the past 5 years, DTLA.L returned -6.06%/yr vs 1.07%/yr for V3GD.L. Their correlation of 0.84 suggests significant overlap in exposure. DTLA.L charges 0.07%/yr vs 0.15%/yr for V3GD.L.
Performance
DTLA.L vs. V3GD.L - Performance Comparison
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Returns By Period
In the year-to-date period, DTLA.L achieves a -0.98% return, which is significantly lower than V3GD.L's 0.61% return.
DTLA.L
- 1D
- 0.48%
- 1M
- 0.71%
- YTD
- -0.98%
- 6M
- -1.10%
- 1Y
- 3.98%
- 3Y*
- -1.52%
- 5Y*
- -6.06%
- 10Y*
- —
V3GD.L
- 1D
- 0.21%
- 1M
- 0.73%
- YTD
- 0.61%
- 6M
- 0.81%
- 1Y
- 4.54%
- 3Y*
- 5.67%
- 5Y*
- 1.07%
- 10Y*
- —
DTLA.L vs. V3GD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.98% | 4.47% | -6.97% | 1.69% | -30.29% | 7.84% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 0.61% | 6.28% | 3.93% | 8.62% | -13.27% | 1.15% |
Correlation
The correlation between DTLA.L and V3GD.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.84 |
The correlation between DTLA.L and V3GD.L has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
DTLA.L vs. V3GD.L — Risk / Return Rank
DTLA.L
V3GD.L
DTLA.L vs. V3GD.L - 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 Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.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.
| DTLA.L | V3GD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.22 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.78 | -1.25 |
| Martin ratioReturn relative to average drawdown | 1.34 | 5.96 | -4.62 |
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
| DTLA.L | V3GD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 1.23 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.19 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.21 | -0.28 |
Drawdowns
DTLA.L vs. V3GD.L - Drawdown Comparison
The maximum DTLA.L drawdown since its inception was -48.47%, which is greater than V3GD.L's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for DTLA.L and V3GD.L.
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Drawdown Indicators
| DTLA.L | V3GD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -19.16% | -29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -2.54% | -4.98% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -3.65% | -14.96% |
Max Drawdown (5Y)Largest decline over 5 years | -42.87% | -19.16% | -23.71% |
Current DrawdownCurrent decline from peak | -40.52% | -0.59% | -39.93% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -6.40% | -17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 0.76% | +2.20% |
Volatility
DTLA.L vs. V3GD.L - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a higher volatility of 3.37% compared to Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing (V3GD.L) at 1.47%. This indicates that DTLA.L's price experiences larger fluctuations and is considered to be riskier than V3GD.L 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 | V3GD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 1.47% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 2.85% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.82% | 3.69% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 5.49% | +9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 5.48% | +9.30% |
DTLA.L vs. V3GD.L - Expense Ratio Comparison
DTLA.L has a 0.07% expense ratio, which is lower than V3GD.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DTLA.L vs. V3GD.L - Dividend Comparison
DTLA.L has not paid dividends to shareholders, while V3GD.L's dividend yield for the trailing twelve months is around 4.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
V3GD.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Distributing | 4.37% | 4.45% | 4.35% | 4.05% | 2.44% | 0.70% |
Frequently Asked Questions
DTLA.L and V3GD.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for V3GD.L.
DTLA.L is categorized as Government Bonds, while V3GD.L is Global Corporate Bonds. DTLA.L tracks ICE US Treasury 20+ Year Index, while V3GD.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for DTLA.L and 0.15% for V3GD.L.
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