IBTM.L vs. ISF.L
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) are both exchange-traded funds - IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while ISF.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, IBTM.L returned 1.18%/yr vs 9.81%/yr for ISF.L. At a correlation of -0.21, they often move in opposite directions. Both charge a 0.07% expense ratio.
Performance
IBTM.L vs. ISF.L - Performance Comparison
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Different Trading Currencies
IBTM.L is traded in GBP, while ISF.L is traded in GBp. To make them comparable, the ISF.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 ISF.L's 7.07% return. Over the past 10 years, IBTM.L has underperformed ISF.L with an annualized return of 1.18%, while ISF.L has yielded a comparatively higher 9.81% annualized return.
IBTM.L
- 1D
- -0.27%
- 1M
- 1.13%
- YTD
- -0.44%
- 6M
- -0.61%
- 1Y
- 4.98%
- 3Y*
- 0.81%
- 5Y*
- -0.07%
- 10Y*
- 1.18%
ISF.L
- 1D
- 1.50%
- 1M
- 1.56%
- YTD
- 7.07%
- 6M
- 10.11%
- 1Y
- 21.22%
- 3Y*
- 15.23%
- 5Y*
- 11.88%
- 10Y*
- 9.81%
IBTM.L vs. ISF.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) | -0.44% | 0.89% | 1.46% | -2.26% | -4.74% | -1.77% | 6.02% | 5.50% | 6.50% | -6.47% |
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 7.07% | 25.97% | 9.28% | 7.81% | 4.83% | 17.68% | -11.67% | 17.11% | -8.96% | 13.10% |
Correlation
The correlation between IBTM.L and ISF.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2006 | -0.21 |
The correlation between IBTM.L and ISF.L shifts across timeframes, from -0.21 (all time) to 0.04 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBTM.L vs. ISF.L — Risk / Return Rank
IBTM.L
ISF.L
IBTM.L vs. ISF.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 Core FTSE 100 UCITS ETF (Dist) (ISF.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 | ISF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.40 | -1.51 |
| Martin ratioReturn relative to average drawdown | 2.08 | 7.89 | -5.81 |
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Drawdowns
IBTM.L vs. ISF.L - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than ISF.L's maximum drawdown of -45.00%. Use the drawdown chart below to compare losses from any high point for IBTM.L and ISF.L.
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Drawdown Indicators
| IBTM.L | ISF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -45.00% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -8.82% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -12.69% | +5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -12.69% | -3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | -34.13% | +7.59% |
Current DrawdownCurrent decline from peak | -21.38% | -3.05% | -18.33% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -6.45% | -14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.68% | -0.30% |
Volatility
IBTM.L vs. ISF.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) is 1.55%, while iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) has a volatility of 3.51%. This indicates that IBTM.L experiences smaller price fluctuations and is considered to be less risky than ISF.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 | ISF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.51% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 9.53% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 10.94% | -4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 12.59% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 14.84% | -4.26% |
IBTM.L vs. ISF.L - Expense Ratio Comparison
Both IBTM.L and ISF.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. ISF.L - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.36%, more than ISF.L's 1.71% 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% |
ISF.L iShares Core FTSE 100 UCITS ETF (Dist) | 1.71% | 3.01% | 3.71% | 3.86% | 3.75% | 3.76% | 3.11% | 4.47% | 4.44% | 3.96% | 3.79% | 4.12% |
Frequently Asked Questions
IBTM.L and ISF.L have a correlation of 0.04, 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 ISF.L have the same expense ratio: 0.07% per year.
IBTM.L is categorized as Government Bonds, while ISF.L is Europe Equities. IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while ISF.L tracks FTSE AllSh TR GBP.
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