IBTA.L vs. USFR.L
IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) and USFR.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD) are both Government Bonds funds - IBTA.L tracks the ICE US Treasury 1-3 Year Index while USFR.L tracks the Bloomberg US Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, IBTA.L returned 1.87%/yr vs 3.59%/yr for USFR.L. At a 0.03 correlation, their price movements are largely independent. IBTA.L charges 0.07%/yr vs 0.15%/yr for USFR.L.
Performance
IBTA.L vs. USFR.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTA.L achieves a 0.46% return, which is significantly lower than USFR.L's 1.59% 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*
- —
USFR.L
- 1D
- 0.01%
- 1M
- 0.33%
- YTD
- 1.59%
- 6M
- 1.90%
- 1Y
- 3.96%
- 3Y*
- 4.69%
- 5Y*
- 3.59%
- 10Y*
- —
IBTA.L vs. USFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 2.55% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 1.59% | 4.13% | 5.41% | 4.94% | 2.05% | -0.16% | 0.57% | 1.47% |
Correlation
The correlation between IBTA.L and USFR.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019 | 0.03 |
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
IBTA.L vs. USFR.L — Risk / Return Rank
IBTA.L
USFR.L
IBTA.L vs. USFR.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 WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.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.L | USFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.93 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 14.72 | -10.10 |
| Martin ratioReturn relative to average drawdown | 17.47 | 58.09 | -40.62 |
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
| IBTA.L | USFR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 3.60 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 2.39 | -1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.51 | -0.43 |
Drawdowns
IBTA.L vs. USFR.L - Drawdown Comparison
The maximum IBTA.L drawdown since its inception was -5.80%, which is greater than USFR.L's maximum drawdown of -2.99%. Use the drawdown chart below to compare losses from any high point for IBTA.L and USFR.L.
Loading charts...
Drawdown Indicators
| IBTA.L | USFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.80% | -2.99% | -2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.74% | -0.27% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -0.89% | -0.89% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -5.70% | -0.89% | -4.81% |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -0.09% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.07% | +0.13% |
Volatility
IBTA.L vs. USFR.L - Volatility Comparison
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) has a higher volatility of 0.43% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) at 0.28%. This indicates that IBTA.L's price experiences larger fluctuations and is considered to be riskier than USFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTA.L | USFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.28% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 0.86% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.23% | 1.10% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.00% | 1.50% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 1.84% | -0.08% |
IBTA.L vs. USFR.L - Expense Ratio Comparison
IBTA.L has a 0.07% expense ratio, which is lower than USFR.L's 0.15% expense ratio. Despite the difference, 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. USFR.L - Dividend Comparison
IBTA.L has not paid dividends to shareholders, while USFR.L's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 3.99% | 4.32% | 5.24% | 4.58% | 0.78% | 0.00% | 0.57% | 1.09% |
Frequently Asked Questions
IBTA.L and USFR.L have a correlation of -0.03, 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 0.15% for USFR.L.
IBTA.L tracks ICE US Treasury 1-3 Year Index, while USFR.L tracks Bloomberg US Treasury Floating Rate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.07% for IBTA.L and 0.15% for USFR.L.
Find the right allocation for IBTA.L and USFR.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