DTLE.L vs. IBTL.L
DTLE.L (iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist) and IBTL.L (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both exchange-traded funds - DTLE.L is a Long-Term Bond fund managed by iShares, while IBTL.L is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 5 years, DTLE.L returned -8.42%/yr vs -5.63%/yr for IBTL.L. Their correlation of 0.83 suggests significant overlap in exposure. DTLE.L charges 0.10%/yr vs 0.07%/yr for IBTL.L.
Performance
DTLE.L vs. IBTL.L - Performance Comparison
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Different Trading Currencies
DTLE.L is traded in EUR, while IBTL.L is traded in GBp. To make them comparable, the IBTL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DTLE.L achieves a -0.13% return, which is significantly lower than IBTL.L's 3.72% return.
DTLE.L
- 1D
- -0.35%
- 1M
- 1.63%
- YTD
- -0.13%
- 6M
- -0.13%
- 1Y
- 1.74%
- 3Y*
- -3.31%
- 5Y*
- -8.42%
- 10Y*
- —
IBTL.L
- 1D
- -0.43%
- 1M
- 4.03%
- YTD
- 3.72%
- 6M
- 3.81%
- 1Y
- 6.77%
- 3Y*
- -2.67%
- 5Y*
- -5.63%
- 10Y*
- -2.15%
DTLE.L vs. IBTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | -0.13% | 2.14% | -9.03% | -0.61% | -32.34% | -5.42% | 15.20% | 12.43% | -4.47% | 0.71% |
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 3.72% | -7.87% | -0.95% | -1.57% | -26.18% | 2.97% | 6.92% | 19.18% | 2.60% | 0.64% |
Correlation
The correlation between DTLE.L and IBTL.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.83 |
The correlation between DTLE.L and IBTL.L shifts across timeframes, from 0.72 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DTLE.L vs. IBTL.L — Risk / Return Rank
DTLE.L
IBTL.L
DTLE.L vs. IBTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.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.
| DTLE.L | IBTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.13 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 0.92 | -0.72 |
| Martin ratioReturn relative to average drawdown | 0.49 | 1.97 | -1.48 |
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Drawdowns
DTLE.L vs. IBTL.L - Drawdown Comparison
The maximum DTLE.L drawdown since its inception was -52.36%, which is greater than IBTL.L's maximum drawdown of -46.89%. Use the drawdown chart below to compare losses from any high point for DTLE.L and IBTL.L.
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Drawdown Indicators
| DTLE.L | IBTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -46.89% | -5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -7.32% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.59% | -18.14% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -45.79% | -39.72% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.89% | — |
Current DrawdownCurrent decline from peak | -47.11% | -41.72% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -26.03% | -21.86% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.41% | +0.09% |
Volatility
DTLE.L vs. IBTL.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) is 2.34%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) has a volatility of 2.63%. This indicates that DTLE.L experiences smaller price fluctuations and is considered to be less risky than IBTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DTLE.L | IBTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 2.63% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 6.93% | 6.42% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 9.43% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 15.29% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.50% | 15.07% | +0.43% |
DTLE.L vs. IBTL.L - Expense Ratio Comparison
DTLE.L has a 0.10% expense ratio, which is higher than IBTL.L's 0.07% 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
DTLE.L vs. IBTL.L - Dividend Comparison
DTLE.L's dividend yield for the trailing twelve months is around 4.62%, which matches IBTL.L's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | 4.62% | 4.18% | 4.75% | 3.75% | 3.05% | 1.76% | 1.68% | 2.50% | 2.88% | 0.51% | 0.00% | 0.00% |
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.61% | 4.31% | 4.58% | 3.79% | 2.96% | 1.72% | 1.86% | 2.54% | 2.75% | 2.68% | 2.45% | 2.09% |
Frequently Asked Questions
DTLE.L and IBTL.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTL.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTL.L is cheaper with a 0.07% expense ratio, compared with 0.10% for DTLE.L.
DTLE.L is categorized as Long-Term Bond, while IBTL.L is Government Bonds. Their fees differ too: 0.10% for DTLE.L and 0.07% for IBTL.L.
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