IBTS.L vs. VUTA.L
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and VUTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - IBTS.L tracks the ICE U.S. Treasury 1-3 Year Bond Index while VUTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, IBTS.L returned 2.95%/yr vs 0.65%/yr for VUTA.L. Their correlation of 0.88 suggests significant overlap in exposure. IBTS.L charges 0.07%/yr vs 0.05%/yr for VUTA.L.
Performance
IBTS.L vs. VUTA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTS.L achieves a 0.65% return, which is significantly higher than VUTA.L's 0.03% 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%
VUTA.L
- 1D
- 0.21%
- 1M
- 1.16%
- YTD
- 0.03%
- 6M
- -0.52%
- 1Y
- 4.50%
- 3Y*
- 0.21%
- 5Y*
- 0.65%
- 10Y*
- —
IBTS.L vs. VUTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.65% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 2.10% |
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.03% | -1.12% | 2.50% | -1.89% | -1.88% | -1.09% | 3.97% | 5.44% |
Correlation
The correlation between IBTS.L and VUTA.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.88 |
The correlation between IBTS.L and VUTA.L has been stable across timeframes, ranging from 0.84 to 0.89 - 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.
Return for Risk
IBTS.L vs. VUTA.L — Risk / Return Rank
IBTS.L
VUTA.L
IBTS.L vs. VUTA.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 USD Treasury Bond UCITS ETF Accumulating (VUTA.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 | VUTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 0.86 | +0.13 |
| Martin ratioReturn relative to average drawdown | 2.51 | 2.08 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBTS.L | VUTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.75 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.08 | +0.29 |
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 | 0.08 | +0.27 |
Drawdowns
IBTS.L vs. VUTA.L - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -19.02%, smaller than the maximum VUTA.L drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for IBTS.L and VUTA.L.
Loading charts...
Drawdown Indicators
| IBTS.L | VUTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -23.40% | +4.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -5.21% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -8.20% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -16.28% | -16.17% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | — | — |
Current DrawdownCurrent decline from peak | -7.51% | -18.49% | +10.98% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -15.38% | +7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.16% | -0.38% |
Volatility
IBTS.L vs. VUTA.L - Volatility Comparison
iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) has a higher volatility of 1.67% compared to Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) at 1.39%. This indicates that IBTS.L's price experiences larger fluctuations and is considered to be riskier than VUTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTS.L | VUTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.39% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.40% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.09% | 5.98% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 8.70% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 9.39% | -0.15% |
IBTS.L vs. VUTA.L - Expense Ratio Comparison
IBTS.L has a 0.07% expense ratio, which is higher than VUTA.L's 0.05% expense ratio. However, 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. VUTA.L - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 3.99%, while VUTA.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% |
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 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 VUTA.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTA.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTS.L.
IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while VUTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTS.L and 0.05% for VUTA.L.
Find the right allocation for IBTS.L and VUTA.L
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