IBTG.L vs. XT01.L
IBTG.L (iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist)) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both exchange-traded funds - IBTG.L is a Short-Term Bond fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while XT01.L is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, IBTG.L returned 1.57%/yr vs 3.95%/yr for XT01.L. At a correlation of -0.17, they often move in opposite directions. IBTG.L charges 0.10%/yr vs 0.06%/yr for XT01.L.
Performance
IBTG.L vs. XT01.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTG.L achieves a 0.83% return, which is significantly lower than XT01.L's 1.86% return.
IBTG.L
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.04%
- YTD
- 0.83%
- 1Y
- 3.25%
- 3Y*
- 4.10%
- 5Y*
- 1.57%
- 10Y*
- —
XT01.L
- 1D
- 0.23%
- 1M
- -0.15%
- 6M
- 1.20%
- YTD
- 1.86%
- 1Y
- 3.53%
- 3Y*
- 3.64%
- 5Y*
- 3.95%
- 10Y*
- —
IBTG.L vs. XT01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 0.83% | 5.08% | 3.75% | 3.65% | -4.56% | -0.82% | 0.08% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.86% | -2.79% | 6.91% | -0.75% | 12.89% | 1.36% | -4.63% |
Correlation
The correlation between IBTG.L and XT01.L is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.17 |
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
IBTG.L vs. XT01.L — Risk / Return Rank
IBTG.L
XT01.L
IBTG.L vs. XT01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.L) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| IBTG.L | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.10 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 0.79 | +4.05 |
| Martin ratioReturn relative to average drawdown | 15.08 | 1.96 | +13.11 |
Loading charts...
Drawdowns
IBTG.L vs. XT01.L - Drawdown Comparison
The maximum IBTG.L drawdown since its inception was -6.15%, smaller than the maximum XT01.L drawdown of -15.30%. Use the drawdown chart below to compare losses from any high point for IBTG.L and XT01.L.
Loading charts...
Drawdown Indicators
| IBTG.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.15% | -15.30% | +9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -4.47% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -0.85% | -9.74% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -6.13% | -15.30% | +9.17% |
Current DrawdownCurrent decline from peak | 0.00% | -5.37% | +5.37% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -7.24% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 1.80% | -1.58% |
Volatility
IBTG.L vs. XT01.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.L) is 0.43%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.26%. This indicates that IBTG.L experiences smaller price fluctuations and is considered to be less risky than XT01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTG.L | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 1.26% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 4.72% | -3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.74% | 6.37% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.43% | 8.35% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.07% | 8.30% | -6.23% |
IBTG.L vs. XT01.L - Expense Ratio Comparison
IBTG.L has a 0.10% expense ratio, which is higher than XT01.L's 0.06% 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
IBTG.L vs. XT01.L - Dividend Comparison
IBTG.L's dividend yield for the trailing twelve months is around 3.86%, while XT01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 3.86% | 4.08% | 4.12% | 2.92% | 0.76% | 0.59% | 1.66% | 2.35% | 0.78% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTG.L and XT01.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.10% for IBTG.L.
IBTG.L is categorized as Short-Term Bond, while XT01.L is Government Bonds. IBTG.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while XT01.L tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for IBTG.L and 0.06% for XT01.L.
Find the right allocation for IBTG.L and XT01.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