IBTM.L vs. VDTA.L
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - IBTM.L tracks the ICE U.S. Treasury 7-10 Year Bond Index while VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index. Both are passively managed. Over the past 5 years, IBTM.L returned 0.99%/yr vs 0.62%/yr for VDTA.L. Their correlation of 0.84 suggests significant overlap in exposure. IBTM.L charges 0.07%/yr vs 0.05%/yr for VDTA.L.
Performance
IBTM.L vs. VDTA.L - Performance Comparison
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Different Trading Currencies
IBTM.L is traded in GBP, while VDTA.L is traded in USD. To make them comparable, the VDTA.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 -0.03% return, which is significantly higher than VDTA.L's -0.07% return.
IBTM.L
- 1D
- 0.15%
- 1M
- 1.68%
- YTD
- -0.03%
- 6M
- -0.91%
- 1Y
- 6.38%
- 3Y*
- 1.26%
- 5Y*
- 0.99%
- 10Y*
- 2.30%
VDTA.L
- 1D
- 0.08%
- 1M
- 0.86%
- YTD
- -0.07%
- 6M
- -0.73%
- 1Y
- 4.32%
- 3Y*
- 0.19%
- 5Y*
- 0.62%
- 10Y*
- —
IBTM.L vs. VDTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.03% | 2.28% | 2.56% | -1.50% | -4.38% | -1.34% | 6.45% | 7.78% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.07% | -1.32% | 2.70% | -1.47% | -1.95% | -1.41% | 4.48% | 4.81% |
Correlation
The correlation between IBTM.L and VDTA.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.84 |
The correlation between IBTM.L and VDTA.L has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
IBTM.L vs. VDTA.L — Risk / Return Rank
IBTM.L
VDTA.L
IBTM.L vs. VDTA.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.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 | VDTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 0.73 | +0.43 |
| Martin ratioReturn relative to average drawdown | 2.86 | 1.84 | +1.02 |
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 | VDTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.66 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.07 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.08 | +0.49 |
Drawdowns
IBTM.L vs. VDTA.L - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -25.39%, which is greater than VDTA.L's maximum drawdown of -22.99%. Use the drawdown chart below to compare losses from any high point for IBTM.L and VDTA.L.
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Drawdown Indicators
| IBTM.L | VDTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.39% | -22.99% | -2.40% |
Max Drawdown (1Y)Largest decline over 1 year | -5.58% | -5.83% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.93% | -8.53% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.83% | -16.79% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -25.39% | — | — |
Current DrawdownCurrent decline from peak | -17.49% | -18.08% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -14.96% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.34% | -0.06% |
Volatility
IBTM.L vs. VDTA.L - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) and Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) have volatilities of 1.86% and 1.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTM.L | VDTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.78% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.69% | 5.10% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 6.54% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 9.00% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.63% | 9.45% | +1.18% |
IBTM.L vs. VDTA.L - Expense Ratio Comparison
IBTM.L has a 0.07% expense ratio, which is higher than VDTA.L's 0.05% expense ratio. However, 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. VDTA.L - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 5.82%, while VDTA.L 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) | 5.82% | 5.55% | 5.00% | 3.93% | 2.34% | 1.57% | 2.13% | 3.25% | 3.07% | 2.64% | 2.40% | 3.01% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 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 VDTA.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDTA.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTM.L.
IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTM.L and 0.05% for VDTA.L.
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