IBTM.L vs. VEUA.L
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while VEUA.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, IBTM.L returned -0.07%/yr vs 10.11%/yr for VEUA.L. At a correlation of -0.10, they often move in opposite directions. IBTM.L charges 0.07%/yr vs 0.10%/yr for VEUA.L.
Performance
IBTM.L vs. VEUA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTM.L achieves a -0.44% return, which is significantly lower than VEUA.L's 7.77% 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%
VEUA.L
- 1D
- 1.65%
- 1M
- 3.69%
- YTD
- 7.77%
- 6M
- 9.55%
- 1Y
- 19.76%
- 3Y*
- 14.57%
- 5Y*
- 10.11%
- 10Y*
- —
IBTM.L vs. VEUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.44% | 0.89% | 1.46% | -2.26% | -4.74% | -1.77% | 6.02% | -3.75% |
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.77% | 26.07% | 4.49% | 13.46% | -4.21% | 16.83% | 3.08% | -9.21% |
Correlation
The correlation between IBTM.L and VEUA.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | -0.10 |
The correlation between IBTM.L and VEUA.L shifts across timeframes, from -0.13 (5 years) to -0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTM.L vs. VEUA.L — Risk / Return Rank
IBTM.L
VEUA.L
IBTM.L vs. VEUA.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 FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.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 | VEUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.86 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.08 | 6.63 | -4.54 |
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Drawdowns
IBTM.L vs. VEUA.L - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than VEUA.L's maximum drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for IBTM.L and VEUA.L.
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Drawdown Indicators
| IBTM.L | VEUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -33.39% | -19.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -10.58% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -12.63% | +5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -16.36% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | — | — |
Current DrawdownCurrent decline from peak | -21.38% | -0.30% | -21.08% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -6.10% | -14.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.97% | -0.59% |
Volatility
IBTM.L vs. VEUA.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) is 1.55%, while Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) has a volatility of 3.55%. This indicates that IBTM.L experiences smaller price fluctuations and is considered to be less risky than VEUA.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 | VEUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.55% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 10.41% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 12.29% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 15.85% | -6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 17.67% | -7.09% |
IBTM.L vs. VEUA.L - Expense Ratio Comparison
IBTM.L has a 0.07% expense ratio, which is lower than VEUA.L's 0.10% 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. VEUA.L - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.36%, while VEUA.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) | 4.36% | 4.19% | 3.94% | 3.16% | 1.96% | 1.14% | 1.69% | 2.53% | 2.34% | 2.02% | 1.79% | 1.97% |
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) 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 VEUA.L have a correlation of -0.01, 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 0.10% for VEUA.L.
IBTM.L is categorized as Government Bonds, while VEUA.L is Europe Equities. IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while VEUA.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTM.L and 0.10% for VEUA.L.
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