HYUS.L vs. IBTA.L
HYUS.L (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - HYUS.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, HYUS.L returned 8.87%/yr vs 4.23%/yr for IBTA.L. At a 0.34 correlation, their price movements are largely independent. HYUS.L charges 0.20%/yr vs 0.07%/yr for IBTA.L.
Performance
HYUS.L vs. IBTA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HYUS.L achieves a 1.22% return, which is significantly higher than IBTA.L's 0.46% return.
HYUS.L
- 1D
- -0.00%
- 1M
- 0.51%
- YTD
- 1.22%
- 6M
- 2.18%
- 1Y
- 6.91%
- 3Y*
- 8.87%
- 5Y*
- —
- 10Y*
- —
IBTA.L
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- 0.46%
- 6M
- 0.92%
- 1Y
- 3.43%
- 3Y*
- 4.23%
- 5Y*
- 1.87%
- 10Y*
- —
HYUS.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 1.22% | 8.62% | 8.28% | 12.85% | -5.88% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.46% | 5.30% | 4.11% | 4.15% | -1.03% |
Correlation
The correlation between HYUS.L and IBTA.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022 | 0.34 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HYUS.L vs. IBTA.L — Risk / Return Rank
HYUS.L
IBTA.L
HYUS.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| HYUS.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.59 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.62 | -1.61 |
| Martin ratioReturn relative to average drawdown | 12.39 | 17.47 | -5.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HYUS.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.80 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.08 | -0.21 |
Drawdowns
HYUS.L vs. IBTA.L - Drawdown Comparison
The maximum HYUS.L drawdown since its inception was -10.49%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for HYUS.L and IBTA.L.
Loading charts...
Drawdown Indicators
| HYUS.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.49% | -5.80% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -0.74% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -0.89% | -4.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.13% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -0.97% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.20% | +0.36% |
Volatility
HYUS.L vs. IBTA.L - Volatility Comparison
iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (HYUS.L) has a higher volatility of 1.39% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.43%. This indicates that HYUS.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HYUS.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 0.43% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 0.86% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 1.23% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 2.00% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 1.76% | +4.93% |
HYUS.L vs. IBTA.L - Expense Ratio Comparison
HYUS.L has a 0.20% expense ratio, which is higher than IBTA.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
HYUS.L vs. IBTA.L - Dividend Comparison
HYUS.L's dividend yield for the trailing twelve months is around 9.21%, while IBTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYUS.L iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 9.21% | 7.38% | 7.54% | 6.30% | 1.52% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYUS.L and IBTA.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for HYUS.L.
HYUS.L is categorized as High Yield Bonds, while IBTA.L is Government Bonds. HYUS.L tracks Bloomberg US Corporate High Yield TR USD, while IBTA.L tracks ICE US Treasury 1-3 Year Index. Their fees differ too: 0.20% for HYUS.L and 0.07% for IBTA.L.
Find the right allocation for HYUS.L and IBTA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer