IBTM.L vs. DTLA.L
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) are both Government Bonds funds from iShares - IBTM.L tracks the ICE U.S. Treasury 7-10 Year Bond Index while DTLA.L tracks the ICE US Treasury 20+ Year Index. Both are passively managed. Over the past 5 years, IBTM.L returned -0.07%/yr vs -5.40%/yr for DTLA.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
IBTM.L vs. DTLA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBTM.L is traded in GBP, while DTLA.L is traded in USD. To make them comparable, the DTLA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTM.L achieves a -0.44% return, which is significantly lower than DTLA.L's -0.35% return.
IBTM.L
- 1D
- -0.27%
- 1M
- 0.50%
- YTD
- -0.44%
- 6M
- -0.61%
- 1Y
- 5.42%
- 3Y*
- 0.81%
- 5Y*
- -0.07%
- 10Y*
- 1.18%
DTLA.L
- 1D
- 0.52%
- 1M
- 1.07%
- YTD
- -0.35%
- 6M
- 0.63%
- 1Y
- 5.60%
- 3Y*
- -3.19%
- 5Y*
- -5.40%
- 10Y*
- —
IBTM.L vs. DTLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.44% | 0.89% | 1.46% | -2.26% | -4.74% | -1.77% | 6.02% | 5.50% | 10.58% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.35% | -2.95% | -5.28% | -3.39% | -22.00% | -3.56% | 13.56% | 11.29% | 9.79% |
Correlation
The correlation between IBTM.L and DTLA.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 10, 2018 | 0.77 |
The correlation between IBTM.L and DTLA.L shifts across timeframes, from 0.64 (1 year) to 0.77 (all time), 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
IBTM.L vs. DTLA.L — Risk / Return Rank
IBTM.L
DTLA.L
IBTM.L vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.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.
| IBTM.L | DTLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.58 | +0.31 |
| Martin ratioReturn relative to average drawdown | 2.08 | 1.23 | +0.86 |
Loading charts...
Drawdowns
IBTM.L vs. DTLA.L - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than DTLA.L's maximum drawdown of -48.59%. Use the drawdown chart below to compare losses from any high point for IBTM.L and DTLA.L.
Loading charts...
Drawdown Indicators
| IBTM.L | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -48.59% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -8.53% | +2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -17.40% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -39.59% | +23.30% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | — | — |
Current DrawdownCurrent decline from peak | -21.38% | -44.48% | +23.10% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -26.35% | +5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 4.07% | -1.69% |
Volatility
IBTM.L vs. DTLA.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) is 1.55%, while iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a volatility of 3.16%. This indicates that IBTM.L experiences smaller price fluctuations and is considered to be less risky than DTLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTM.L | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.16% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 7.46% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 10.43% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 15.83% | -6.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 16.15% | -5.57% |
IBTM.L vs. DTLA.L - Expense Ratio Comparison
Both IBTM.L and DTLA.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBTM.L vs. DTLA.L - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.36%, while DTLA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.36% | 4.19% | 3.94% | 3.16% | 1.96% | 1.14% | 1.69% | 2.53% | 2.34% | 2.02% | 1.79% | 1.97% |
Frequently Asked Questions
IBTM.L and DTLA.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM.L and DTLA.L have the same expense ratio: 0.07% per year.
IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while DTLA.L tracks ICE US Treasury 20+ Year Index.
Find the right allocation for IBTM.L and DTLA.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