IBTS.L vs. IGLS.L
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both exchange-traded funds - IBTS.L is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while IGLS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, IBTS.L returned 2.52%/yr vs 0.89%/yr for IGLS.L. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
IBTS.L vs. IGLS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTS.L achieves a 0.65% return, which is significantly higher than IGLS.L's 0.26% return. Over the past 10 years, IBTS.L has outperformed IGLS.L with an annualized return of 2.52%, while IGLS.L has yielded a comparatively lower 0.89% 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%
IGLS.L
- 1D
- 0.08%
- 1M
- 0.69%
- YTD
- 0.26%
- 6M
- 0.63%
- 1Y
- 3.12%
- 3Y*
- 4.24%
- 5Y*
- 1.32%
- 10Y*
- 0.89%
IBTS.L vs. IGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.26% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 1.05% | 0.13% | -0.38% |
Correlation
The correlation between IBTS.L and IGLS.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2009 | 0.17 |
The correlation between IBTS.L and IGLS.L shifts across timeframes, from -0.21 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTS.L vs. IGLS.L — Risk / Return Rank
IBTS.L
IGLS.L
IBTS.L vs. IGLS.L - 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 UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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.
| IBTS.L | IGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.31 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 1.59 | -0.61 |
| Martin ratioReturn relative to average drawdown | 2.51 | 5.45 | -2.94 |
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 | IGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.56 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.49 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.41 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.69 | -0.33 |
Drawdowns
IBTS.L vs. IGLS.L - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -19.02%, which is greater than IGLS.L's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for IBTS.L and IGLS.L.
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Drawdown Indicators
| IBTS.L | IGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -9.54% | -9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -1.95% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -1.95% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.28% | -8.85% | -7.43% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | -9.54% | -9.48% |
Current DrawdownCurrent decline from peak | -7.51% | -0.65% | -6.86% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -1.10% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.57% | +1.21% |
Volatility
IBTS.L vs. IGLS.L - Volatility Comparison
iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) has a higher volatility of 1.67% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 0.77%. This indicates that IBTS.L's price experiences larger fluctuations and is considered to be riskier than IGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTS.L | IGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.77% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 1.75% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 1.99% | +4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 2.67% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 2.18% | +7.06% |
IBTS.L vs. IGLS.L - Expense Ratio Comparison
Both IBTS.L and IGLS.L 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. IGLS.L - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 3.99%, which matches IGLS.L's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.99% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
Frequently Asked Questions
IBTS.L and IGLS.L have a correlation of -0.21, 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 IGLS.L have the same expense ratio: 0.07% per year.
IBTS.L is categorized as Government Bonds, while IGLS.L is European Government Bonds. IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP.
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