IBTM.L vs. SXRS.DE
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, IBTM.L returned -0.07%/yr vs 11.02%/yr for SXRS.DE. At a 0.11 correlation, their price movements are largely independent. IBTM.L charges 0.07%/yr vs 0.19%/yr for SXRS.DE.
Performance
IBTM.L vs. SXRS.DE - Performance Comparison
Loading charts...
Different Trading Currencies
IBTM.L is traded in GBP, while SXRS.DE is traded in EUR. To make them comparable, the SXRS.DE 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 SXRS.DE's 17.60% 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%
SXRS.DE
- 1D
- -1.57%
- 1M
- -8.14%
- YTD
- 17.60%
- 6M
- 20.30%
- 1Y
- 29.68%
- 3Y*
- 11.19%
- 5Y*
- 11.02%
- 10Y*
- —
IBTM.L vs. SXRS.DE - 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% | -3.42% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 17.60% | 10.12% | 6.21% | -12.28% | 27.22% | 30.12% | -8.49% | 4.16% | -20.44% | 6.10% |
Correlation
The correlation between IBTM.L and SXRS.DE is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.11 |
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. SXRS.DE — Risk / Return Rank
IBTM.L
SXRS.DE
IBTM.L vs. SXRS.DE - 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 Diversified Commodity Swap UCITS ETF (SXRS.DE). 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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.49 | -2.60 |
| Martin ratioReturn relative to average drawdown | 2.08 | 9.00 | -6.92 |
Loading charts...
Drawdowns
IBTM.L vs. SXRS.DE - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than SXRS.DE's maximum drawdown of -37.70%. Use the drawdown chart below to compare losses from any high point for IBTM.L and SXRS.DE.
Loading charts...
Drawdown Indicators
| IBTM.L | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -37.70% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -9.08% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -14.78% | +7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -28.61% | +12.32% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | — | — |
Current DrawdownCurrent decline from peak | -21.38% | -9.08% | -12.30% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -16.29% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 3.53% | -1.15% |
Volatility
IBTM.L vs. SXRS.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) is 1.55%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 4.94%. This indicates that IBTM.L experiences smaller price fluctuations and is considered to be less risky than SXRS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTM.L | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 4.94% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 16.93% | -12.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 19.20% | -12.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 16.93% | -7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 16.70% | -6.12% |
IBTM.L vs. SXRS.DE - Expense Ratio Comparison
IBTM.L has a 0.07% expense ratio, which is lower than SXRS.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBTM.L vs. SXRS.DE - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.36%, while SXRS.DE has not paid dividends to shareholders.
| 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% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTM.L and SXRS.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTM.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM.L is cheaper with a 0.07% expense ratio, compared with 0.19% for SXRS.DE.
IBTM.L is categorized as Government Bonds, while SXRS.DE is Commodities. IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while SXRS.DE tracks Bloomberg Commodity. Their fees differ too: 0.07% for IBTM.L and 0.19% for SXRS.DE.
Find the right allocation for IBTM.L and SXRS.DE
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