IBTU.L vs. FGEQ.DE
IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) and FGEQ.DE (Fidelity Global Quality Income UCITS ETF Inc) are both exchange-traded funds - IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while FGEQ.DE is a Global Equities fund tracking the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, IBTU.L returned 3.38%/yr vs 10.54%/yr for FGEQ.DE. At a 0.03 correlation, their price movements are largely independent. IBTU.L charges 0.07%/yr vs 0.40%/yr for FGEQ.DE.
Performance
IBTU.L vs. FGEQ.DE - Performance Comparison
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Different Trading Currencies
IBTU.L is traded in USD, while FGEQ.DE is traded in EUR. To make them comparable, the FGEQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTU.L achieves a 1.35% return, which is significantly lower than FGEQ.DE's 9.04% return.
IBTU.L
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.35%
- 6M
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.38%
- 10Y*
- —
FGEQ.DE
- 1D
- 1.03%
- 1M
- 2.05%
- YTD
- 9.04%
- 6M
- 9.85%
- 1Y
- 23.81%
- 3Y*
- 16.96%
- 5Y*
- 10.54%
- 10Y*
- —
IBTU.L vs. FGEQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.35% | 4.33% | 5.31% | 4.92% | 1.05% | 0.10% | 0.88% | 2.02% |
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 9.04% | 21.00% | 11.17% | 17.69% | -11.30% | 22.66% | 9.94% | 17.09% |
Correlation
The correlation between IBTU.L and FGEQ.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.03 |
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Return for Risk
IBTU.L vs. FGEQ.DE — Risk / Return Rank
IBTU.L
FGEQ.DE
IBTU.L vs. FGEQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) and Fidelity Global Quality Income UCITS ETF Inc (FGEQ.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.
| IBTU.L | FGEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 3.47 | 1.38 | +2.09 |
| Calmar ratioReturn relative to maximum drawdown | 19.33 | 2.88 | +16.45 |
| Martin ratioReturn relative to average drawdown | 83.95 | 12.09 | +71.86 |
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Drawdowns
IBTU.L vs. FGEQ.DE - Drawdown Comparison
The maximum IBTU.L drawdown since its inception was -0.72%, smaller than the maximum FGEQ.DE drawdown of -35.02%. Use the drawdown chart below to compare losses from any high point for IBTU.L and FGEQ.DE.
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Drawdown Indicators
| IBTU.L | FGEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.72% | -35.02% | +34.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -8.24% | +8.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -16.17% | +15.97% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -22.10% | +21.70% |
Current DrawdownCurrent decline from peak | 0.00% | -0.55% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -4.71% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.96% | -1.91% |
Volatility
IBTU.L vs. FGEQ.DE - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) is 0.35%, while Fidelity Global Quality Income UCITS ETF Inc (FGEQ.DE) has a volatility of 2.50%. This indicates that IBTU.L experiences smaller price fluctuations and is considered to be less risky than FGEQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTU.L | FGEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 2.50% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 8.55% | -7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 11.07% | -9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 14.42% | -13.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 18.90% | -17.95% |
IBTU.L vs. FGEQ.DE - Expense Ratio Comparison
IBTU.L has a 0.07% expense ratio, which is lower than FGEQ.DE's 0.40% expense ratio.
Dividends
IBTU.L vs. FGEQ.DE - Dividend Comparison
IBTU.L's dividend yield for the trailing twelve months is around 4.07%, more than FGEQ.DE's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGEQ.DE Fidelity Global Quality Income UCITS ETF Inc | 1.80% | 1.90% | 2.26% | 2.77% | 2.81% | 2.39% | 2.65% | 2.34% | 2.75% | 1.57% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 0.00% |
Frequently Asked Questions
IBTU.L and FGEQ.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.40% for FGEQ.DE.
IBTU.L is categorized as Government Bonds, while FGEQ.DE is Global Equities. IBTU.L tracks ICE U.S. Treasury Short Bond Index, while FGEQ.DE tracks Fidelity Global Quality Income index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.07% for IBTU.L and 0.40% for FGEQ.DE.
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