IBTM.L vs. IDTL.L
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and IDTL.L (iShares Treasury Bond 20+ UCITS) are both Government Bonds funds from iShares - IBTM.L tracks the ICE U.S. Treasury 7-10 Year Bond Index while IDTL.L tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, IBTM.L returned 1.38%/yr vs -1.10%/yr for IDTL.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
IBTM.L vs. IDTL.L - Performance Comparison
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Different Trading Currencies
IBTM.L is traded in GBP, while IDTL.L is traded in USD. To make them comparable, the IDTL.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 -0.45% return, which is significantly higher than IDTL.L's -0.88% return. Over the past 10 years, IBTM.L has outperformed IDTL.L with an annualized return of 1.38%, while IDTL.L has yielded a comparatively lower -1.10% annualized return.
IBTM.L
- 1D
- 0.18%
- 1M
- 1.03%
- YTD
- -0.45%
- 6M
- -0.81%
- 1Y
- 5.41%
- 3Y*
- 0.62%
- 5Y*
- -0.02%
- 10Y*
- 1.38%
IDTL.L
- 1D
- -0.34%
- 1M
- 1.21%
- YTD
- -0.88%
- 6M
- -1.00%
- 1Y
- 5.21%
- 3Y*
- -3.64%
- 5Y*
- -5.41%
- 10Y*
- -1.10%
IBTM.L vs. IDTL.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) | -0.45% | 0.89% | 1.46% | -2.26% | -4.74% | -1.77% | 6.02% | 5.50% | 6.50% | -6.47% |
IDTL.L iShares Treasury Bond 20+ UCITS | -0.88% | -2.70% | -5.60% | -2.92% | -22.19% | -3.74% | 13.68% | 11.30% | 3.90% | -0.37% |
Correlation
The correlation between IBTM.L and IDTL.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.78 |
The correlation between IBTM.L and IDTL.L shifts across timeframes, from 0.63 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTM.L vs. IDTL.L — Risk / Return Rank
IBTM.L
IDTL.L
IBTM.L vs. IDTL.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 Treasury Bond 20+ UCITS (IDTL.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.
| IBTM.L | IDTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.62 | +0.35 |
| Martin ratioReturn relative to average drawdown | 2.30 | 1.33 | +0.97 |
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
| IBTM.L | IDTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.50 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | -0.34 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | -0.06 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.00 | +0.04 |
Drawdowns
IBTM.L vs. IDTL.L - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than IDTL.L's maximum drawdown of -49.39%. Use the drawdown chart below to compare losses from any high point for IBTM.L and IDTL.L.
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Drawdown Indicators
| IBTM.L | IDTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -49.39% | -3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -8.43% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -17.22% | +9.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -39.50% | +23.21% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | -49.39% | +22.85% |
Current DrawdownCurrent decline from peak | -21.39% | -45.70% | +24.31% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -23.00% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.92% | -1.57% |
Volatility
IBTM.L vs. IDTL.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) is 1.59%, while iShares Treasury Bond 20+ UCITS (IDTL.L) has a volatility of 3.15%. This indicates that IBTM.L experiences smaller price fluctuations and is considered to be less risky than IDTL.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 | IDTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 3.15% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 7.53% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 10.36% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 15.94% | -6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 16.98% | -6.39% |
IBTM.L vs. IDTL.L - Expense Ratio Comparison
Both IBTM.L and IDTL.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. IDTL.L - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.36%, which matches IDTL.L's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IDTL.L iShares Treasury Bond 20+ UCITS | 4.39% | 4.31% | 4.66% | 3.79% | 3.01% | 1.74% | 1.76% | 2.49% | 2.79% | 2.59% | 2.63% | 2.14% |
Frequently Asked Questions
IBTM.L and IDTL.L have a correlation of 0.63, 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 IDTL.L have the same expense ratio: 0.07% per year.
IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while IDTL.L tracks ICE U.S. Treasury 20+ Year Bond Index.
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