PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IBTS.L vs. ^IDCOTCTR
Performance
Return for Risk
Drawdowns
Volatility

IBTS.L vs. ^IDCOTCTR

Last updated Jun 5, 2026

IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) is Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while ^IDCOTCTR (ICE U.S. Treasury Core Bond TR Index) is an index. Over the past 10 years, IBTS.L returned 2.52%/yr vs 1.73%/yr for ^IDCOTCTR. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

IBTS.L vs. ^IDCOTCTR - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) and ICE U.S. Treasury Core Bond TR Index (^IDCOTCTR). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IBTS.L is traded in GBP, while ^IDCOTCTR is traded in USD. To make them comparable, the ^IDCOTCTR values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, IBTS.L achieves a 0.65% return, which is significantly higher than ^IDCOTCTR's 0.20% return. Over the past 10 years, IBTS.L has outperformed ^IDCOTCTR with an annualized return of 2.52%, while ^IDCOTCTR has yielded a comparatively lower 1.73% annualized return.

IBTS.L

1D
0.14%
1M
1.13%
YTD
0.65%
6M
0.29%
1Y
4.47%
3Y*
1.53%
5Y*
2.95%
10Y*
2.52%

^IDCOTCTR

1D
0.11%
1M
1.01%
YTD
0.20%
6M
-0.69%
1Y
4.41%
3Y*
0.32%
5Y*
0.76%
10Y*
1.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTS.L vs. ^IDCOTCTR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IBTS.L
iShares $ Treasury Bond 1-3yr UCITS ETF		0.65%-1.91%5.79%-1.41%7.61%0.64%-0.34%0.37%7.21%-8.60%
^IDCOTCTR
ICE U.S. Treasury Core Bond TR Index		0.20%-1.23%2.58%-1.32%-1.86%-1.58%4.84%2.80%6.84%-6.54%

Correlation

The correlation between IBTS.L and ^IDCOTCTR is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (10Y)
Calculated over the trailing 10-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2007

0.67

The correlation between IBTS.L and ^IDCOTCTR has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares $ Treasury Bond 1-3yr UCITS ETF

ICE U.S. Treasury Core Bond TR Index

Often compared with IBTS.L:
IBTS.L vs. IBTA.LIBTS.L vs. IBTM.LIBTS.L vs. SGOVIBTS.L vs. SLXX.LIBTS.L vs. SHYU.LIBTS.L vs. BILIBTS.L vs. AGGU.L

Return for Risk

IBTS.L vs. ^IDCOTCTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IBTS.L
IBTS.L Risk / Return Rank: 2222
Overall Rank
IBTS.L Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
IBTS.L Sortino Ratio Rank: 2121
Sortino Ratio Rank
IBTS.L Omega Ratio Rank: 2020
Omega Ratio Rank
IBTS.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
IBTS.L Martin Ratio Rank: 2121
Martin Ratio Rank
^IDCOTCTR
^IDCOTCTR Risk / Return Rank: 3939
Overall Rank
^IDCOTCTR Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
^IDCOTCTR Sortino Ratio Rank: 4040
Sortino Ratio Rank
^IDCOTCTR Omega Ratio Rank: 3939
Omega Ratio Rank
^IDCOTCTR Calmar Ratio Rank: 3737
Calmar Ratio Rank
^IDCOTCTR Martin Ratio Rank: 4040
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBTS.L vs. ^IDCOTCTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) and ICE U.S. Treasury Core Bond TR Index (^IDCOTCTR). 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.

IBTS.L^IDCOTCTRDifference
Sharpe ratioReturn per unit of total volatility
0.73
0.70

+0.03

Sortino ratioReturn per unit of downside risk
1.10
1.07

+0.03

Omega ratioGain probability vs. loss probability

1.13

1.13

0.00

Calmar ratioReturn relative to maximum drawdown

0.99

0.76

+0.23

Martin ratioReturn relative to average drawdown

2.51

1.91

+0.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBTS.L vs. ^IDCOTCTR - Sharpe Ratio Comparison

The current IBTS.L Sharpe Ratio is 0.73, which is comparable to the ^IDCOTCTR Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of IBTS.L and ^IDCOTCTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IBTS.L^IDCOTCTRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.73

0.70

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.36

0.09

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.27

0.17

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.46

-0.11

Drawdowns

IBTS.L vs. ^IDCOTCTR - Drawdown Comparison

The maximum IBTS.L drawdown since its inception was -19.02%, smaller than the maximum ^IDCOTCTR drawdown of -23.38%. Use the drawdown chart below to compare losses from any high point for IBTS.L and ^IDCOTCTR.

Loading charts...

Drawdown Indicators

IBTS.L^IDCOTCTRDifference

Max Drawdown

Largest peak-to-trough decline

-19.02%

-23.38%

+4.36%

Max Drawdown (1Y)

Largest decline over 1 year

-4.51%

-5.82%

+1.31%

Max Drawdown (3Y)

Largest decline over 3 years

-8.89%

-8.51%

-0.38%

Max Drawdown (5Y)

Largest decline over 5 years

-16.28%

-16.22%

-0.06%

Max Drawdown (10Y)

Largest decline over 10 years

-19.02%

-23.38%

+4.36%

Current Drawdown

Current decline from peak

-7.51%

-18.33%

+10.82%

Average Drawdown

Average peak-to-trough decline

-7.93%

-9.98%

+2.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

2.31%

-0.53%

Volatility

IBTS.L vs. ^IDCOTCTR - Volatility Comparison

iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) has a higher volatility of 1.67% compared to ICE U.S. Treasury Core Bond TR Index (^IDCOTCTR) at 1.37%. This indicates that IBTS.L's price experiences larger fluctuations and is considered to be riskier than ^IDCOTCTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IBTS.L^IDCOTCTRDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.67%

1.37%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

4.49%

4.95%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

6.09%

6.29%

-0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.09%

8.92%

-0.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.24%

10.12%

-0.88%

Frequently Asked Questions

IBTS.L and ^IDCOTCTR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for IBTS.L and ^IDCOTCTR

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