IBTS.L vs. XT01.L
IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - IBTS.L tracks the ICE U.S. Treasury 1-3 Year Bond Index while XT01.L tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, IBTS.L returned 2.92%/yr vs 4.44%/yr for XT01.L. With a 0.97 correlation, they move nearly in lockstep. IBTS.L charges 0.07%/yr vs 0.06%/yr for XT01.L.
Performance
IBTS.L vs. XT01.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBTS.L achieves a 0.51% return, which is significantly lower than XT01.L's 1.50% return.
IBTS.L
- 1D
- 0.19%
- 1M
- 1.36%
- YTD
- 0.51%
- 6M
- 0.07%
- 1Y
- 4.08%
- 3Y*
- 1.62%
- 5Y*
- 2.92%
- 10Y*
- 2.54%
XT01.L
- 1D
- 0.25%
- 1M
- 1.63%
- YTD
- 1.50%
- 6M
- 1.00%
- 1Y
- 4.55%
- 3Y*
- 2.12%
- 5Y*
- 4.44%
- 10Y*
- —
IBTS.L vs. XT01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.51% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -5.64% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.50% | -2.80% | 6.91% | -0.75% | 12.89% | 1.36% | -5.72% |
Correlation
The correlation between IBTS.L and XT01.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.97 |
The correlation between IBTS.L and XT01.L has been stable across timeframes, ranging from 0.97 to 0.98 - 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. XT01.L — Risk / Return Rank
IBTS.L
XT01.L
IBTS.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.01 | -0.11 |
| Martin ratioReturn relative to average drawdown | 2.29 | 2.53 | -0.24 |
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 | XT01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.70 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.53 | -0.17 |
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 | 0.26 | +0.10 |
Drawdowns
IBTS.L vs. XT01.L - Drawdown Comparison
The maximum IBTS.L drawdown since its inception was -19.02%, which is greater than XT01.L's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for IBTS.L and XT01.L.
Loading charts...
Drawdown Indicators
| IBTS.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -15.31% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -4.48% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -8.89% | -9.75% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.28% | -15.31% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -19.02% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -5.71% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -7.30% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.79% | -0.02% |
Volatility
IBTS.L vs. XT01.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) is 1.69%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.94%. This indicates that IBTS.L experiences smaller price fluctuations and is considered to be less risky than XT01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBTS.L | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.94% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.68% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.10% | 6.45% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.09% | 8.37% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.24% | 8.34% | +0.90% |
IBTS.L vs. XT01.L - Expense Ratio Comparison
IBTS.L has a 0.07% expense ratio, which is higher than XT01.L's 0.06% 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. XT01.L - Dividend Comparison
IBTS.L's dividend yield for the trailing twelve months is around 4.00%, while XT01.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 | 4.00% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
XT01.L Xtrackers US Treasuries Ultrashort Bond 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
With a correlation of 0.98, IBTS.L and XT01.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IBTS.L.
IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while XT01.L tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IBTS.L and 0.06% for XT01.L.
Find the right allocation for IBTS.L and XT01.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