IBTA.L vs. UB82.L

Last updated Jun 26, 2026

IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - IBTA.L tracks the ICE US Treasury 1-3 Year Index while UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, IBTA.L returned 1.92%/yr vs -1.09%/yr for UB82.L. At a 0.46 correlation, their price movements are largely independent. IBTA.L charges 0.07%/yr vs 0.05%/yr for UB82.L.

Performance

IBTA.L vs. UB82.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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IBTA.L is traded in USD, while UB82.L is traded in GBp. To make them comparable, the UB82.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IBTA.L achieves a 0.51% return, which is significantly higher than UB82.L's 0.03% return.

IBTA.L

• 1D: 0.00%
• 1M: 0.34%
• YTD: 0.51%
• 6M: 0.85%
• 1Y: 3.12%
• 3Y*: 4.33%
• 5Y*: 1.92%
• 10Y*: —

UB82.L

• 1D: 0.00%
• 1M: 0.35%
• YTD: 0.03%
• 6M: 0.40%
• 1Y: 2.26%
• 3Y*: 2.49%
• 5Y*: -1.09%
• 10Y*: 0.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTA.L vs. UB82.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)	0.51%	5.34%	4.07%	4.21%	-3.75%	-0.64%	3.14%	3.62%	1.40%	-0.20%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	0.03%	7.12%	-0.35%	2.88%	-15.03%	-2.73%	9.20%	9.70%	0.34%	-0.09%

Correlation

The correlation between IBTA.L and UB82.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017	0.46

Over the past year, the correlation between IBTA.L and UB82.L has dropped to 0.13 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

IBTA.L vs. UB82.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: 84
IBTA.L Sharpe Ratio Rank: 71
IBTA.L Sortino Ratio Rank: 82
IBTA.L Omega Ratio Rank: 93
IBTA.L Calmar Ratio Rank: 89
IBTA.L Martin Ratio Rank: 86

UB82.L

UB82.L Risk / Return Rank: 27
UB82.L Sharpe Ratio Rank: 29
UB82.L Sortino Ratio Rank: 29
UB82.L Omega Ratio Rank: 26
UB82.L Calmar Ratio Rank: 26
UB82.L Martin Ratio Rank: 24

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. UB82.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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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.

	IBTA.L	UB82.L	Difference
Sharpe ratio: Return per unit of total volatility	1.97	0.49	+1.47
Sortino ratio: Return per unit of downside risk	3.16	0.73	+2.43
Omega ratio: Gain probability vs. loss probability	1.55	1.09	+0.47
Calmar ratio: Return relative to maximum drawdown	4.62	1.16	+3.47
Martin ratio: Return relative to average drawdown	15.80	2.73	+13.07

IBTA.L vs. UB82.L - Sharpe Ratio Comparison

The current IBTA.L Sharpe Ratio is 1.97, which is higher than the UB82.L Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of IBTA.L and UB82.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.

Drawdowns

IBTA.L vs. UB82.L - Drawdown Comparison

The maximum IBTA.L drawdown since its inception was -5.80%, smaller than the maximum UB82.L drawdown of -42.43%. Use the drawdown chart below to compare losses from any high point for IBTA.L and UB82.L.

Drawdown Indicators

	IBTA.L	UB82.L	Difference
Max Drawdown Largest peak-to-trough decline	-5.80%	-42.43%	+36.63%
Max Drawdown (1Y) Largest decline over 1 year	-0.67%	-1.94%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-0.89%	-7.59%	+6.70%
Max Drawdown (5Y) Largest decline over 5 years	-5.70%	-21.26%	+15.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.83%	—
Current Drawdown Current decline from peak	0.00%	-27.71%	+27.71%
Average Drawdown Average peak-to-trough decline	-0.96%	-31.15%	+30.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	0.83%	-0.63%

Volatility

IBTA.L vs. UB82.L - Volatility Comparison

The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) is 0.52%, while UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) has a volatility of 1.61%. This indicates that IBTA.L experiences smaller price fluctuations and is considered to be less risky than UB82.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBTA.L	UB82.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.52%	1.61%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	1.13%	3.67%	-2.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.58%	4.57%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.17%	8.42%	-6.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.93%	7.85%	-5.92%

IBTA.L vs. UB82.L - Expense Ratio Comparison

IBTA.L has a 0.07% expense ratio, which is higher than UB82.L's 0.05% 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

IBTA.L vs. UB82.L - Dividend Comparison

IBTA.L has not paid dividends to shareholders, while UB82.L's dividend yield for the trailing twelve months is around 3.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.04%	2.20%	2.49%	2.80%	1.34%	1.02%	1.82%	1.98%	2.70%	1.92%	0.84%	0.83%

Frequently Asked Questions

Can I hold both IBTA.L and UB82.L in my portfolio?

IBTA.L and UB82.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IBTA.L or UB82.L?

On fees, UB82.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBTA.L or UB82.L?

UB82.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTA.L.

What is the main difference between IBTA.L and UB82.L?

IBTA.L tracks ICE US Treasury 1-3 Year Index, while UB82.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.07% for IBTA.L and 0.05% for UB82.L.