IBTE.L vs. MIST.L
IBTE.L (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc)) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)) are both exchange-traded funds - IBTE.L is a Short-Term Bond fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while MIST.L is a Ultrashort Bond fund actively managed by PIMCO. IBTE.L is passively managed, while MIST.L is actively managed. Over the past 5 years, IBTE.L returned 0.05%/yr vs 3.17%/yr for MIST.L. At a 0.03 correlation, their price movements are largely independent. IBTE.L charges 0.10%/yr vs 0.40%/yr for MIST.L.
Performance
IBTE.L vs. MIST.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBTE.L is traded in EUR, while MIST.L is traded in GBP. To make them comparable, the MIST.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTE.L achieves a -0.20% return, which is significantly lower than MIST.L's 4.59% return.
IBTE.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- -0.20%
- 1Y
- 1.20%
- 3Y*
- 2.34%
- 5Y*
- 0.05%
- 10Y*
- —
MIST.L
- 1D
- -0.05%
- 1M
- 1.75%
- 6M
- 3.69%
- YTD
- 4.59%
- 1Y
- 5.69%
- 3Y*
- 5.22%
- 5Y*
- 3.17%
- 10Y*
- —
IBTE.L vs. MIST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTE.L iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) | -0.20% | 3.04% | 2.49% | 1.87% | -5.75% | -1.46% | 1.84% | -0.22% |
MIST.L PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) | 4.59% | -0.85% | 10.62% | 7.23% | -6.22% | 6.13% | -4.84% | 5.06% |
Correlation
The correlation between IBTE.L and MIST.L is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.03 |
The correlation between IBTE.L and MIST.L shifts across timeframes, from -0.06 (1 year) to 0.05 (5 years), reflecting how their relationship changes across market environments.
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
IBTE.L vs. MIST.L — Risk / Return Rank
IBTE.L
MIST.L
IBTE.L vs. MIST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.L) and PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.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.
| IBTE.L | MIST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 4.13 | -2.91 |
| Martin ratioReturn relative to average drawdown | 3.01 | 10.43 | -7.41 |
Loading charts...
Drawdowns
IBTE.L vs. MIST.L - Drawdown Comparison
The maximum IBTE.L drawdown since its inception was -8.51%, smaller than the maximum MIST.L drawdown of -13.45%. Use the drawdown chart below to compare losses from any high point for IBTE.L and MIST.L.
Loading charts...
Drawdown Indicators
| IBTE.L | MIST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.51% | -13.45% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -1.52% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | -4.85% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -7.66% | -9.17% | +1.51% |
Current DrawdownCurrent decline from peak | -0.84% | -0.09% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -3.01% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.60% | -0.20% |
Volatility
IBTE.L vs. MIST.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc) (IBTE.L) is 0.45%, while PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L) has a volatility of 0.80%. This indicates that IBTE.L experiences smaller price fluctuations and is considered to be less risky than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTE.L | MIST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.80% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 2.48% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.74% | 3.87% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.28% | 5.47% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.97% | 6.22% | -4.25% |
IBTE.L vs. MIST.L - Expense Ratio Comparison
IBTE.L has a 0.10% expense ratio, which is lower than MIST.L's 0.40% expense ratio.
Dividends
IBTE.L vs. MIST.L - Dividend Comparison
Neither IBTE.L nor MIST.L has paid dividends to shareholders.
Frequently Asked Questions
IBTE.L and MIST.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTE.L is cheaper with a 0.10% expense ratio, compared with 0.40% for MIST.L.
IBTE.L is categorized as Short-Term Bond, while MIST.L is Ultrashort Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.10% for IBTE.L and 0.40% for MIST.L.
Find the right allocation for IBTE.L and MIST.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