IBTS.L vs. MINV.L
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) are both exchange-traded funds - IBTS.L is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IBTS.L returned 2.25%/yr vs 7.80%/yr for MINV.L. At a 0.42 correlation, their price movements are largely independent. IBTS.L charges 0.07%/yr vs 0.35%/yr for MINV.L.
Performance
IBTS.L vs. MINV.L - Performance Comparison
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Different Trading Currencies
IBTS.L is traded in GBP, while MINV.L is traded in GBp. To make them comparable, the MINV.L 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 0.78% return, which is significantly lower than MINV.L's 1.59% return. Over the past 10 years, IBTS.L has underperformed MINV.L with an annualized return of 2.25%, while MINV.L has yielded a comparatively higher 7.80% annualized return.
IBTS.L
- 1D
- -0.49%
- 1M
- 0.97%
- YTD
- 0.78%
- 6M
- 0.39%
- 1Y
- 4.68%
- 3Y*
- 2.11%
- 5Y*
- 2.90%
- 10Y*
- 2.25%
MINV.L
- 1D
- -0.04%
- 1M
- 2.74%
- YTD
- 1.59%
- 6M
- 1.65%
- 1Y
- 3.70%
- 3Y*
- 7.14%
- 5Y*
- 6.21%
- 10Y*
- 7.80%
IBTS.L vs. MINV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.78% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 0.37% | 7.22% | -8.60% |
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 1.59% | 3.37% | 12.86% | 1.50% | 1.23% | 15.98% | -1.05% | 18.84% | 3.17% | 7.00% |
Correlation
The correlation between IBTS.L and MINV.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.42 |
The correlation between IBTS.L and MINV.L shifts across timeframes, from 0.31 (5 years) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTS.L vs. MINV.L — Risk / Return Rank
IBTS.L
MINV.L
IBTS.L vs. MINV.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 Edge MSCI World Minimum Volatility UCITS ETF (MINV.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.
| IBTS.L | MINV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.08 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.58 | +0.45 |
| Martin ratioReturn relative to average drawdown | 2.62 | 1.55 | +1.06 |
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Drawdowns
IBTS.L vs. MINV.L - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -45.91%, which is greater than MINV.L's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for IBTS.L and MINV.L.
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Drawdown Indicators
| IBTS.L | MINV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.91% | -39.64% | -6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -6.31% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -20.10% | +11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -20.10% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | -20.38% | +1.36% |
Current DrawdownCurrent decline from peak | -7.40% | -3.04% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -8.67% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.38% | -0.59% |
Volatility
IBTS.L vs. MINV.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) is 1.63%, while iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) has a volatility of 2.48%. This indicates that IBTS.L experiences smaller price fluctuations and is considered to be less risky than MINV.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 | MINV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 2.48% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | 5.91% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 7.92% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 16.97% | -8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 15.39% | -6.15% |
IBTS.L vs. MINV.L - Expense Ratio Comparison
IBTS.L has a 0.07% expense ratio, which is lower than MINV.L's 0.35% expense ratio.
Dividends
IBTS.L vs. MINV.L - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 3.99%, while MINV.L has not paid dividends to shareholders.
| 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% |
MINV.L iShares Edge MSCI World Minimum Volatility UCITS 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% |
Frequently Asked Questions
IBTS.L and MINV.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTS.L is cheaper with a 0.07% expense ratio, compared with 0.35% for MINV.L.
IBTS.L is categorized as Government Bonds, while MINV.L is Global Equities. IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while MINV.L tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for IBTS.L and 0.35% for MINV.L.
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