DTLA.L vs. XUT3.L
DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both Government Bonds funds - DTLA.L tracks the ICE US Treasury 20+ Year Index while XUT3.L tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, DTLA.L returned -6.04%/yr vs 1.92%/yr for XUT3.L. A 0.58 correlation means they provide meaningful diversification when combined. DTLA.L charges 0.07%/yr vs 0.06%/yr for XUT3.L.
Performance
DTLA.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, DTLA.L achieves a 1.08% return, which is significantly higher than XUT3.L's 0.64% return.
DTLA.L
- 1D
- 0.00%
- 1M
- 3.07%
- YTD
- 1.08%
- 6M
- 1.73%
- 1Y
- 5.15%
- 3Y*
- -1.38%
- 5Y*
- -6.04%
- 10Y*
- —
XUT3.L
- 1D
- 0.09%
- 1M
- 0.24%
- YTD
- 0.64%
- 6M
- 0.83%
- 1Y
- 3.11%
- 3Y*
- 4.26%
- 5Y*
- 1.92%
- 10Y*
- 1.70%
DTLA.L vs. XUT3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 1.08% | 4.49% | -6.90% | 1.69% | -30.29% | -4.46% | 17.00% | 15.69% | 3.65% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.64% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.78% |
Correlation
The correlation between DTLA.L and XUT3.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 10, 2018 | 0.58 |
The correlation between DTLA.L and XUT3.L has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.
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Return for Risk
DTLA.L vs. XUT3.L — Risk / Return Rank
DTLA.L
XUT3.L
DTLA.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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.
| DTLA.L | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.59 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 4.61 | -3.93 |
| Martin ratioReturn relative to average drawdown | 1.68 | 17.55 | -15.87 |
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Drawdowns
DTLA.L vs. XUT3.L - Drawdown Comparison
The maximum DTLA.L drawdown since its inception was -48.41%, which is greater than XUT3.L's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for DTLA.L and XUT3.L.
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Drawdown Indicators
| DTLA.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.41% | -5.45% | -42.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -0.67% | -6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -0.91% | -17.16% |
Max Drawdown (5Y)Largest decline over 5 years | -42.80% | -5.45% | -37.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.45% | — |
Current DrawdownCurrent decline from peak | -39.23% | -0.02% | -39.21% |
Average DrawdownAverage peak-to-trough decline | -24.13% | -0.55% | -23.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 0.18% | +2.88% |
Volatility
DTLA.L vs. XUT3.L - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a higher volatility of 2.42% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 0.39%. This indicates that DTLA.L's price experiences larger fluctuations and is considered to be riskier than XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 0.39% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.70% | 0.84% | +5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.92% | 1.13% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 1.89% | +13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 1.49% | +13.28% |
DTLA.L vs. XUT3.L - Expense Ratio Comparison
DTLA.L has a 0.07% expense ratio, which is higher than XUT3.L's 0.06% 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
DTLA.L vs. XUT3.L - Dividend Comparison
DTLA.L has not paid dividends to shareholders, while XUT3.L's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
DTLA.L and XUT3.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.07% for DTLA.L.
DTLA.L tracks ICE US Treasury 20+ Year Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for DTLA.L and 0.06% for XUT3.L.
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