IBTS.L vs. IBTE
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds from iShares - IBTS.L tracks the ICE U.S. Treasury 1-3 Year Bond Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
IBTS.L vs. IBTE - Performance Comparison
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Different Trading Currencies
IBTS.L is traded in GBP, while IBTE is traded in USD. To make them comparable, the IBTE values have been converted to GBP using the latest available exchange rates.
Returns By Period
IBTS.L
- 1D
- 0.19%
- 1M
- 1.36%
- YTD
- 0.51%
- 6M
- 0.07%
- 1Y
- 4.08%
- 3Y*
- 1.62%
- 5Y*
- 2.92%
- 10Y*
- 2.54%
IBTE
- 1D
- 0.27%
- 1M
- 0.88%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTS.L vs. IBTE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 1.40% |
IBTE iShares iBonds Dec 2024 Term Treasury ETF | 1.41% |
Correlation
The correlation between IBTS.L and IBTE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 9, 2026 | 0.60 |
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Return for Risk
IBTS.L vs. IBTE — Risk / Return Rank
IBTS.L
IBTE
IBTS.L vs. IBTE - 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 iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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 | IBTE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.12 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | — | — |
| Martin ratioReturn relative to average drawdown | 2.29 | — | — |
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
| IBTS.L | IBTE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.74 | -0.38 |
Drawdowns
IBTS.L vs. IBTE - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -19.02%, which is greater than IBTE's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for IBTS.L and IBTE.
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Drawdown Indicators
| IBTS.L | IBTE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -3.29% | -15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -1.79% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -1.34% | -6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | — | — |
Volatility
IBTS.L vs. IBTE - Volatility Comparison
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Volatility by Period
| IBTS.L | IBTE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 6.42% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 6.42% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 6.42% | +2.82% |
IBTS.L vs. IBTE - Expense Ratio Comparison
Both IBTS.L and IBTE 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
IBTS.L vs. IBTE - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 4.00%, while IBTE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTE iShares iBonds Dec 2024 Term Treasury 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% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 4.00% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
Frequently Asked Questions
IBTS.L and IBTE have a correlation of 0.60, 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.
IBTS.L and IBTE have the same expense ratio: 0.07% per year.
IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while IBTE tracks ICE 2024 Maturity US Treasury Index.
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