IBTS.L vs. VERX.L
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and VERX.L (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) are both exchange-traded funds - IBTS.L is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while VERX.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 10 years, IBTS.L returned 2.09%/yr vs 11.23%/yr for VERX.L. At a 0.04 correlation, their price movements are largely independent. IBTS.L charges 0.07%/yr vs 0.10%/yr for VERX.L.
Performance
IBTS.L vs. VERX.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTS.L achieves a 2.73% return, which is significantly lower than VERX.L's 8.61% return. Over the past 10 years, IBTS.L has underperformed VERX.L with an annualized return of 2.09%, while VERX.L has yielded a comparatively higher 11.23% annualized return.
IBTS.L
- 1D
- 0.32%
- 1M
- 2.39%
- YTD
- 2.73%
- 6M
- 3.46%
- 1Y
- 6.67%
- 3Y*
- 3.08%
- 5Y*
- 3.03%
- 10Y*
- 2.09%
VERX.L
- 1D
- 0.14%
- 1M
- 2.49%
- YTD
- 8.61%
- 6M
- 9.04%
- 1Y
- 21.91%
- 3Y*
- 15.35%
- 5Y*
- 9.49%
- 10Y*
- 11.23%
IBTS.L vs. VERX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 2.73% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 0.37% | 7.21% | -8.60% |
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 8.61% | 26.33% | 2.69% | 15.21% | -7.06% | 16.11% | 8.53% | 20.51% | -9.70% | 16.56% |
Correlation
The correlation between IBTS.L and VERX.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 | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.04 |
The correlation between IBTS.L and VERX.L shifts across timeframes, from -0.23 (5 years) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTS.L vs. VERX.L — Risk / Return Rank
IBTS.L
VERX.L
IBTS.L vs. VERX.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 Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.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 | VERX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.94 | -0.46 |
| Martin ratioReturn relative to average drawdown | 3.77 | 6.97 | -3.20 |
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Drawdowns
IBTS.L vs. VERX.L - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -23.85%, smaller than the maximum VERX.L drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for IBTS.L and VERX.L.
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Drawdown Indicators
| IBTS.L | VERX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.85% | -27.65% | +3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -11.24% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -13.25% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -20.31% | +4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | -27.65% | +8.63% |
Current DrawdownCurrent decline from peak | -5.60% | -1.16% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -4.56% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 3.13% | -1.36% |
Volatility
IBTS.L vs. VERX.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) is 1.49%, while Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) has a volatility of 3.19%. This indicates that IBTS.L experiences smaller price fluctuations and is considered to be less risky than VERX.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 | VERX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 3.19% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 11.02% | -6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.20% | 13.15% | -6.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 14.80% | -6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.75% | 15.55% | -6.80% |
IBTS.L vs. VERX.L - Expense Ratio Comparison
IBTS.L has a 0.07% expense ratio, which is lower than VERX.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
IBTS.L vs. VERX.L - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 3.91%, more than VERX.L's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.91% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 2.51% | 2.62% | 2.94% | 2.72% | 2.92% | 2.33% | 1.97% | 2.95% | 3.14% | 2.68% | 2.64% | 2.56% |
Frequently Asked Questions
IBTS.L and VERX.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.
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 0.10% for VERX.L.
IBTS.L is categorized as Government Bonds, while VERX.L is Europe Equities. IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while VERX.L tracks MSCI Europe Ex UK NR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTS.L and 0.10% for VERX.L.
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