IB01.L vs. GBP=X
IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) is Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while GBP=X (USD/GBP) is a currency. Over the past 5 years, IB01.L returned 3.29%/yr vs 0.02%/yr for GBP=X. At a correlation of -0.01, they often move in opposite directions.
Performance
IB01.L vs. GBP=X - Performance Comparison
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Different Trading Currencies
IB01.L is traded in USD, while GBP=X is traded in GBP. To make them comparable, the GBP=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IB01.L achieves a 1.83% return, which is significantly higher than GBP=X's 0.17% return.
IB01.L
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.77%
- YTD
- 1.83%
- 1Y
- 3.90%
- 3Y*
- 4.66%
- 5Y*
- 3.29%
- 10Y*
- —
GBP=X
- 1D
- 0.09%
- 1M
- 0.02%
- 6M
- 0.09%
- YTD
- 0.17%
- 1Y
- 0.08%
- 3Y*
- 0.01%
- 5Y*
- 0.02%
- 10Y*
- 0.01%
IB01.L vs. GBP=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.83% | 4.34% | 5.25% | 4.92% | 1.08% | -0.85% | 0.88% | 2.06% |
GBP=X USD/GBP | 0.17% | -0.12% | 0.05% | 0.01% | -0.07% | 0.03% | 0.04% | -0.07% |
Correlation
The correlation between IB01.L and GBP=X is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | -0.01 |
The correlation between IB01.L and GBP=X shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IB01.L vs. GBP=X — Risk / Return Rank
IB01.L
GBP=X
IB01.L vs. GBP=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) and USD/GBP (GBP=X). 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.
| IB01.L | GBP=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.86 | ||
| Sortino ratioReturn per unit of downside risk | +37.25 | ||
| Omega ratioGain probability vs. loss probability | 8.35 | 1.01 | +7.33 |
| Calmar ratioReturn relative to maximum drawdown | 114.58 | 0.12 | +114.46 |
| Martin ratioReturn relative to average drawdown | 560.87 | 0.24 | +560.64 |
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Drawdowns
IB01.L vs. GBP=X - Drawdown Comparison
The maximum IB01.L drawdown since its inception was -1.28%, smaller than the maximum GBP=X drawdown of -3.56%. Use the drawdown chart below to compare losses from any high point for IB01.L and GBP=X.
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Drawdown Indicators
| IB01.L | GBP=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.28% | -3.56% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -0.54% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -0.09% | -0.81% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -1.12% | -0.81% | -0.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.88% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.53% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -1.15% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.31% | -0.30% |
Volatility
IB01.L vs. GBP=X - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) is 0.08%, while USD/GBP (GBP=X) has a volatility of 0.27%. This indicates that IB01.L experiences smaller price fluctuations and is considered to be less risky than GBP=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IB01.L | GBP=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.27% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.22% | 0.67% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.33% | 0.95% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.54% | 0.85% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.78% | 1.29% | -0.51% |
Frequently Asked Questions
IB01.L and GBP=X have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IB01.L and GBP=X
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