FGEQ.DE vs. IBTU.L
FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - FGEQ.DE is a Global Equities fund tracking the Fidelity Global Quality Income index, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, FGEQ.DE returned 11.56%/yr vs 4.32%/yr for IBTU.L. At a 0.10 correlation, their price movements are largely independent. FGEQ.DE charges 0.40%/yr vs 0.07%/yr for IBTU.L.
Performance
FGEQ.DE vs. IBTU.L - Performance Comparison
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Different Trading Currencies
FGEQ.DE is traded in EUR, while IBTU.L is traded in USD. To make them comparable, the IBTU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FGEQ.DE achieves a 10.75% return, which is significantly higher than IBTU.L's 2.91% return.
FGEQ.DE
- 1D
- 1.13%
- 1M
- 3.34%
- YTD
- 10.75%
- 6M
- 11.50%
- 1Y
- 23.95%
- 3Y*
- 14.29%
- 5Y*
- 11.56%
- 10Y*
- —
IBTU.L
- 1D
- 0.08%
- 1M
- 1.47%
- YTD
- 2.91%
- 6M
- 3.27%
- 1Y
- 4.11%
- 3Y*
- 2.29%
- 5Y*
- 4.32%
- 10Y*
- —
FGEQ.DE vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 10.75% | 7.19% | 17.91% | 14.09% | -6.13% | 33.16% | 0.16% | 18.57% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 2.91% | -8.05% | 12.26% | 1.77% | 7.31% | 7.58% | -7.43% | 3.17% |
Correlation
The correlation between FGEQ.DE and IBTU.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.10 |
The correlation between FGEQ.DE and IBTU.L shifts across timeframes, from 0.09 (5 years) to 0.20 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FGEQ.DE vs. IBTU.L — Risk / Return Rank
FGEQ.DE
IBTU.L
FGEQ.DE vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.
| FGEQ.DE | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.12 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.11 | +2.96 |
| Martin ratioReturn relative to average drawdown | 16.99 | 2.58 | +14.41 |
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Drawdowns
FGEQ.DE vs. IBTU.L - Drawdown Comparison
The maximum FGEQ.DE drawdown since its inception was -34.37%, which is greater than IBTU.L's maximum drawdown of -13.35%. Use the drawdown chart below to compare losses from any high point for FGEQ.DE and IBTU.L.
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Drawdown Indicators
| FGEQ.DE | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -13.35% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.86% | -3.69% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -11.54% | -8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -11.84% | -8.05% |
Current DrawdownCurrent decline from peak | 0.00% | -6.38% | +6.38% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -5.82% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.59% | -0.19% |
Volatility
FGEQ.DE vs. IBTU.L - Volatility Comparison
Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) has a higher volatility of 2.22% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 1.27%. This indicates that FGEQ.DE's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGEQ.DE | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 1.27% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 4.35% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 6.35% | +4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 7.58% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 7.31% | +11.04% |
FGEQ.DE vs. IBTU.L - Expense Ratio Comparison
FGEQ.DE has a 0.40% expense ratio, which is higher than IBTU.L's 0.07% expense ratio.
Dividends
FGEQ.DE vs. IBTU.L - Dividend Comparison
FGEQ.DE's dividend yield for the trailing twelve months is around 1.80%, less than IBTU.L's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 1.80% | 1.90% | 2.26% | 2.77% | 2.81% | 2.39% | 2.65% | 2.34% | 2.75% | 1.57% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 0.00% |
Frequently Asked Questions
FGEQ.DE and IBTU.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.40% for FGEQ.DE.
FGEQ.DE is categorized as Global Equities, while IBTU.L is Government Bonds. FGEQ.DE tracks Fidelity Global Quality Income index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.40% for FGEQ.DE and 0.07% for IBTU.L.
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