IBTS.L vs. XDWU.DE
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and XDWU.DE (Xtrackers MSCI World Utilities UCITS ETF 1C) are both exchange-traded funds - IBTS.L is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while XDWU.DE is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 10 years, IBTS.L returned 2.25%/yr vs 9.45%/yr for XDWU.DE. At a 0.19 correlation, their price movements are largely independent. IBTS.L charges 0.07%/yr vs 0.25%/yr for XDWU.DE.
Performance
IBTS.L vs. XDWU.DE - Performance Comparison
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Different Trading Currencies
IBTS.L is traded in GBP, while XDWU.DE is traded in EUR. To make them comparable, the XDWU.DE 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 XDWU.DE's 7.14% return. Over the past 10 years, IBTS.L has underperformed XDWU.DE with an annualized return of 2.25%, while XDWU.DE has yielded a comparatively higher 9.45% 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%
XDWU.DE
- 1D
- -0.19%
- 1M
- -0.10%
- YTD
- 7.14%
- 6M
- 7.80%
- 1Y
- 18.30%
- 3Y*
- 12.82%
- 5Y*
- 10.24%
- 10Y*
- 9.45%
IBTS.L vs. XDWU.DE - 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% |
XDWU.DE Xtrackers MSCI World Utilities UCITS ETF 1C | 7.14% | 17.17% | 14.62% | -5.14% | 7.84% | 11.35% | 0.49% | 18.75% | 8.29% | 4.05% |
Correlation
The correlation between IBTS.L and XDWU.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010 | 0.19 |
The correlation between IBTS.L and XDWU.DE shifts across timeframes, from 0.12 (5 years) to 0.24 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTS.L vs. XDWU.DE — Risk / Return Rank
IBTS.L
XDWU.DE
IBTS.L vs. XDWU.DE - 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 Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.DE). 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 | XDWU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 2.28 | -1.25 |
| Martin ratioReturn relative to average drawdown | 2.62 | 5.81 | -3.19 |
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Drawdowns
IBTS.L vs. XDWU.DE - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -45.91%, which is greater than XDWU.DE's maximum drawdown of -43.32%. Use the drawdown chart below to compare losses from any high point for IBTS.L and XDWU.DE.
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Drawdown Indicators
| IBTS.L | XDWU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.91% | -43.32% | -2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -7.99% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -12.07% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -22.41% | +6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | -26.19% | +7.17% |
Current DrawdownCurrent decline from peak | -7.40% | -6.00% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -13.30% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 3.14% | -1.35% |
Volatility
IBTS.L vs. XDWU.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) is 1.63%, while Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.DE) has a volatility of 4.52%. This indicates that IBTS.L experiences smaller price fluctuations and is considered to be less risky than XDWU.DE 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 | XDWU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 4.52% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | 11.16% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.11% | 13.13% | -7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 14.28% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 18.26% | -9.02% |
IBTS.L vs. XDWU.DE - Expense Ratio Comparison
IBTS.L has a 0.07% expense ratio, which is lower than XDWU.DE's 0.25% 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. XDWU.DE - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 3.99%, while XDWU.DE 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% |
XDWU.DE Xtrackers MSCI World Utilities UCITS ETF 1C | 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 XDWU.DE have a correlation of 0.19, 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 0.25% for XDWU.DE.
IBTS.L is categorized as Government Bonds, while XDWU.DE is Utilities Equities. IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while XDWU.DE tracks MSCI World/Utilities NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IBTS.L and 0.25% for XDWU.DE.
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