IBTL.L vs. UB82.L
IBTL.L (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - IBTL.L tracks the ICE U.S. Treasury 20+ Year Bond Index while UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, IBTL.L returned -5.14%/yr vs 0.01%/yr for UB82.L. At a 0.32 correlation, their price movements are largely independent. IBTL.L charges 0.07%/yr vs 0.05%/yr for UB82.L.
Performance
IBTL.L vs. UB82.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTL.L achieves a -1.02% return, which is significantly lower than UB82.L's -0.11% 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%
UB82.L
- 1D
- 0.14%
- 1M
- 1.11%
- YTD
- -0.11%
- 6M
- -1.72%
- 1Y
- 4.20%
- 3Y*
- -0.32%
- 5Y*
- 0.01%
- 10Y*
- —
IBTL.L vs. UB82.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 3.06% | -0.88% |
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | -0.11% | 0.56% | 0.48% | -3.11% | -6.16% | -0.72% | 4.31% | 7.61% | 4.05% | 0.00% |
Correlation
The correlation between IBTL.L and UB82.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2017 | 0.32 |
The correlation between IBTL.L and UB82.L shifts across timeframes, from 0.32 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTL.L vs. UB82.L — Risk / Return Rank
IBTL.L
UB82.L
IBTL.L vs. UB82.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 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.
| IBTL.L | UB82.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.13 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.97 | -0.32 |
| Martin ratioReturn relative to average drawdown | 1.41 | 2.37 | -0.96 |
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 | UB82.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.72 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.00 | -0.33 |
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 | 0.13 | -0.15 |
Drawdowns
IBTL.L vs. UB82.L - Drawdown Comparison
The maximum IBTL.L drawdown since its inception was -48.85%, which is greater than UB82.L's maximum drawdown of -23.85%. Use the drawdown chart below to compare losses from any high point for IBTL.L and UB82.L.
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Drawdown Indicators
| IBTL.L | UB82.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.85% | -23.85% | -25.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -4.86% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -7.79% | -9.91% |
Max Drawdown (5Y)Largest decline over 5 years | -39.35% | -16.39% | -22.96% |
Max Drawdown (10Y)Largest decline over 10 years | -48.85% | — | — |
Current DrawdownCurrent decline from peak | -45.46% | -19.32% | -26.14% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -16.83% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.15% | +1.65% |
Volatility
IBTL.L vs. UB82.L - Volatility Comparison
iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) has a higher volatility of 2.42% compared to UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) at 1.50%. This indicates that IBTL.L's price experiences larger fluctuations and is considered to be riskier than UB82.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 | UB82.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 1.50% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 4.44% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 6.57% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 12.54% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 16.00% | +0.54% |
IBTL.L vs. UB82.L - Expense Ratio Comparison
IBTL.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
IBTL.L vs. UB82.L - Dividend Comparison
IBTL.L's dividend yield for the trailing twelve months is around 4.36%, more than UB82.L's 3.10% yield.
| 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% |
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 3.10% | 2.20% | 2.52% | 2.82% | 1.33% | 0.99% | 1.81% | 1.93% | 2.69% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTL.L and UB82.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
UB82.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTL.L.
IBTL.L tracks ICE U.S. Treasury 20+ Year Bond 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 IBTL.L and 0.05% for UB82.L.
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