IBTL.L vs. ROLG.L
IBTL.L (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both exchange-traded funds - IBTL.L is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, IBTL.L returned -5.14%/yr vs 14.93%/yr for ROLG.L. At a correlation of -0.00, they often move in opposite directions. IBTL.L charges 0.07%/yr vs 0.28%/yr for ROLG.L.
Performance
IBTL.L vs. ROLG.L - Performance Comparison
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Different Trading Currencies
IBTL.L is traded in GBp, while ROLG.L is traded in GBP. To make them comparable, the ROLG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTL.L achieves a -1.02% return, which is significantly lower than ROLG.L's 29.88% return.
IBTL.L
- 1D
- -0.23%
- 1M
- 1.40%
- YTD
- -1.02%
- 6M
- -2.44%
- 1Y
- 5.37%
- 3Y*
- -4.19%
- 5Y*
- -5.14%
- 10Y*
- -0.81%
ROLG.L
- 1D
- 0.70%
- 1M
- 1.14%
- YTD
- 29.88%
- 6M
- 29.34%
- 1Y
- 45.86%
- 3Y*
- 15.28%
- 5Y*
- 14.93%
- 10Y*
- —
IBTL.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | -1.02% | -2.80% | -5.50% | -3.62% | -22.17% | -3.32% | 13.07% | 12.05% | 7.29% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 29.88% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
Correlation
The correlation between IBTL.L and ROLG.L is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | -0.00 |
The correlation between IBTL.L and ROLG.L shifts across timeframes, from -0.12 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTL.L vs. ROLG.L — Risk / Return Rank
IBTL.L
ROLG.L
IBTL.L vs. ROLG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) and iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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.
| IBTL.L | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.49 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 6.70 | -6.05 |
| Martin ratioReturn relative to average drawdown | 1.41 | 19.05 | -17.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTL.L | ROLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 2.75 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.84 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.60 | -0.63 |
Drawdowns
IBTL.L vs. ROLG.L - Drawdown Comparison
The maximum IBTL.L drawdown since its inception was -48.85%, which is greater than ROLG.L's maximum drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for IBTL.L and ROLG.L.
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Drawdown Indicators
| IBTL.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.85% | -22.66% | -26.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -6.81% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -13.27% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -39.35% | -19.85% | -19.50% |
Max Drawdown (10Y)Largest decline over 10 years | -48.85% | — | — |
Current DrawdownCurrent decline from peak | -45.46% | -2.97% | -42.49% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -8.98% | -14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.40% | +1.40% |
Volatility
IBTL.L vs. ROLG.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) is 2.42%, while iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a volatility of 5.84%. This indicates that IBTL.L experiences smaller price fluctuations and is considered to be less risky than ROLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTL.L | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 5.84% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 13.86% | -7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 16.60% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 17.68% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 16.98% | -0.44% |
IBTL.L vs. ROLG.L - Expense Ratio Comparison
IBTL.L has a 0.07% expense ratio, which is lower than ROLG.L's 0.28% expense ratio.
Dividends
IBTL.L vs. ROLG.L - Dividend Comparison
IBTL.L's dividend yield for the trailing twelve months is around 4.36%, while ROLG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.36% | 4.32% | 4.59% | 3.78% | 2.96% | 1.72% | 1.86% | 2.54% | 2.75% | 2.66% | 2.44% | 2.07% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTL.L and ROLG.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTL.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTL.L is cheaper with a 0.07% expense ratio, compared with 0.28% for ROLG.L.
IBTL.L is categorized as Government Bonds, while ROLG.L is Commodities. IBTL.L tracks ICE U.S. Treasury 20+ Year Bond Index, while ROLG.L tracks Bloomberg Roll Select Commodity. Their fees differ too: 0.07% for IBTL.L and 0.28% for ROLG.L.
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