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IBTA.L vs. IBTU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IBTA.L vs. IBTU.L

Last updated Jun 5, 2026

IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds from iShares - IBTA.L tracks the ICE US Treasury 1-3 Year Index while IBTU.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, IBTA.L returned 1.87%/yr vs 3.38%/yr for IBTU.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.

Performance

IBTA.L vs. IBTU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IBTA.L achieves a 0.46% return, which is significantly lower than IBTU.L's 1.39% return.

IBTA.L

1D
0.13%
1M
0.13%
YTD
0.46%
6M
0.92%
1Y
3.43%
3Y*
4.23%
5Y*
1.87%
10Y*
—

IBTU.L

1D
0.01%
1M
0.30%
YTD
1.39%
6M
1.78%
1Y
3.98%
3Y*
4.74%
5Y*
3.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTA.L vs. IBTU.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IBTA.L
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)		0.46%5.30%4.11%4.15%-3.75%-0.64%3.14%3.17%
IBTU.L
iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)		1.39%4.36%5.23%4.96%1.09%-0.01%0.96%1.94%

Correlation

The correlation between IBTA.L and IBTU.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Feb 25, 2019

0.24

Compare stocks, funds, or ETFs

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iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)

iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)

Often compared with IBTA.L:
IBTA.L vs. IB01.LIBTA.L vs. IBTS.LIBTA.L vs. IDTL.LIBTA.L vs. SHYIBTA.L vs. VWRA.LIBTA.L vs. VDST.LIBTA.L vs. VUTY.L
Often compared with IBTU.L:
IBTU.L vs. SGOVIBTU.L vs. USFR.LIBTU.L vs. SHVIBTU.L vs. OBILIBTU.L vs. CSCOIBTU.L vs. MINTIBTU.L vs. XHLF

Return for Risk

IBTA.L vs. IBTU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IBTA.L
IBTA.L Risk / Return Rank: 8888
Overall Rank
IBTA.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IBTA.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
IBTA.L Omega Ratio Rank: 9191
Omega Ratio Rank
IBTA.L Calmar Ratio Rank: 8585
Calmar Ratio Rank
IBTA.L Martin Ratio Rank: 8585
Martin Ratio Rank
IBTU.L
IBTU.L Risk / Return Rank: 9999
Overall Rank
IBTU.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
IBTU.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
IBTU.L Omega Ratio Rank: 9999
Omega Ratio Rank
IBTU.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
IBTU.L Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBTA.L vs. IBTU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) 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.

IBTA.LIBTU.LDifference
Sharpe ratioReturn per unit of total volatility
2.80
8.12

-5.32

Sortino ratioReturn per unit of downside risk
4.61
17.26

-12.64

Omega ratioGain probability vs. loss probability

1.59

3.95

-2.37

Calmar ratioReturn relative to maximum drawdown

4.62

24.79

-20.17

Martin ratioReturn relative to average drawdown

17.47

183.92

-166.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBTA.L vs. IBTU.L - Sharpe Ratio Comparison

The current IBTA.L Sharpe Ratio is 2.80, which is lower than the IBTU.L Sharpe Ratio of 8.12. The chart below compares the historical Sharpe Ratios of IBTA.L and IBTU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IBTA.LIBTU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.80

8.12

-5.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

6.79

-5.86

Sharpe Ratio (All Time)

Calculated using the full available price history

1.08

5.05

-3.97

Drawdowns

IBTA.L vs. IBTU.L - Drawdown Comparison

The maximum IBTA.L drawdown since its inception was -5.80%, which is greater than IBTU.L's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for IBTA.L and IBTU.L.

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Drawdown Indicators

IBTA.LIBTU.LDifference

Max Drawdown

Largest peak-to-trough decline

-5.80%

-0.62%

-5.18%

Max Drawdown (1Y)

Largest decline over 1 year

-0.74%

-0.16%

-0.58%

Max Drawdown (3Y)

Largest decline over 3 years

-0.89%

-0.16%

-0.73%

Max Drawdown (5Y)

Largest decline over 5 years

-5.70%

-0.29%

-5.41%

Current Drawdown

Current decline from peak

-0.13%

0.00%

-0.13%

Average Drawdown

Average peak-to-trough decline

-0.97%

-0.03%

-0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.20%

0.02%

+0.18%

Volatility

IBTA.L vs. IBTU.L - Volatility Comparison

iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) has a higher volatility of 0.43% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.08%. This indicates that IBTA.L'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

IBTA.LIBTU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.43%

0.08%

+0.35%

Volatility (6M)

Calculated over the trailing 6-month period

0.86%

0.31%

+0.55%

Volatility (1Y)

Calculated over the trailing 1-year period

1.23%

0.49%

+0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.00%

0.50%

+1.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.76%

0.54%

+1.22%

IBTA.L vs. IBTU.L - Expense Ratio Comparison

Both IBTA.L and IBTU.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IBTA.L vs. IBTU.L - Dividend Comparison

IBTA.L has not paid dividends to shareholders, while IBTU.L's dividend yield for the trailing twelve months is around 4.07%.

PositionTTM2025202420232022202120202019
IBTA.L
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Frequently Asked Questions

IBTA.L and IBTU.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IBTA.L and IBTU.L have the same expense ratio: 0.07% per year.

IBTA.L tracks ICE US Treasury 1-3 Year Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index.

Portfolio Optimizer

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