IBTM.L vs. IBTA.L
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both Government Bonds funds from iShares - IBTM.L tracks the ICE U.S. Treasury 7-10 Year Bond Index while IBTA.L tracks the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, IBTM.L returned 0.23%/yr vs 2.98%/yr for IBTA.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
IBTM.L vs. IBTA.L - Performance Comparison
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Different Trading Currencies
IBTM.L is traded in GBP, while IBTA.L is traded in USD. To make them comparable, the IBTA.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 2.03% return, which is significantly lower than IBTA.L's 2.76% return.
IBTM.L
- 1D
- 0.76%
- 1M
- 3.58%
- YTD
- 2.03%
- 6M
- 2.99%
- 1Y
- 7.11%
- 3Y*
- 1.77%
- 5Y*
- 0.23%
- 10Y*
- 1.05%
IBTA.L
- 1D
- 0.35%
- 1M
- 2.27%
- YTD
- 2.76%
- 6M
- 3.36%
- 1Y
- 6.47%
- 3Y*
- 3.09%
- 5Y*
- 2.98%
- 10Y*
- —
IBTM.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 2.03% | 0.89% | 1.46% | -2.26% | -4.74% | -1.77% | 6.02% | 5.50% | 6.50% | -7.08% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 2.76% | -2.17% | 5.89% | -1.00% | 7.69% | 0.30% | 0.11% | -0.32% | 7.41% | -7.63% |
Correlation
The correlation between IBTM.L and IBTA.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 | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.67 |
The correlation between IBTM.L and IBTA.L has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
IBTM.L vs. IBTA.L — Risk / Return Rank
IBTM.L
IBTA.L
IBTM.L vs. IBTA.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 1-3yr UCITS ETF (Acc) (IBTA.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 | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.21 | +0.06 |
| Martin ratioReturn relative to average drawdown | 2.95 | 3.33 | -0.38 |
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Drawdowns
IBTM.L vs. IBTA.L - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than IBTA.L's maximum drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for IBTM.L and IBTA.L.
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Drawdown Indicators
| IBTM.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -18.45% | -33.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -5.34% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -9.28% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -16.66% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | — | — |
Current DrawdownCurrent decline from peak | -19.43% | -6.07% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -9.00% | -11.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 1.94% | +0.47% |
Volatility
IBTM.L vs. IBTA.L - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) has a higher volatility of 1.70% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 1.56%. This indicates that IBTM.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTM.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.56% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 5.03% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 6.52% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.46% | 8.28% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.03% | 8.54% | +1.49% |
IBTM.L vs. IBTA.L - Expense Ratio Comparison
Both IBTM.L and IBTA.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. IBTA.L - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.25%, while IBTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (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) | 4.25% | 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 IBTA.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 IBTA.L have the same expense ratio: 0.07% per year.
IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index.
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