IBTU.L vs. FUSD.L
IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) and FUSD.L (Fidelity US Quality Income ETF Inc) are both exchange-traded funds - IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while FUSD.L is a Large Cap Blend Equities fund tracking the Fidelity US Quality Income Index NR. Both are passively managed. Over the past 5 years, IBTU.L returned 3.38%/yr vs 10.15%/yr for FUSD.L. At a 0.02 correlation, their price movements are largely independent. IBTU.L charges 0.07%/yr vs 0.25%/yr for FUSD.L.
Performance
IBTU.L vs. FUSD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBTU.L achieves a 1.35% return, which is significantly lower than FUSD.L's 5.71% 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*
- —
FUSD.L
- 1D
- -1.14%
- 1M
- 0.15%
- YTD
- 5.71%
- 6M
- 6.40%
- 1Y
- 20.45%
- 3Y*
- 16.05%
- 5Y*
- 10.15%
- 10Y*
- —
IBTU.L vs. FUSD.L - 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% |
FUSD.L Fidelity US Quality Income ETF Inc | 5.71% | 16.47% | 15.86% | 17.14% | -12.08% | 24.36% | 10.46% | 16.72% |
Correlation
The correlation between IBTU.L and FUSD.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.02 |
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Return for Risk
IBTU.L vs. FUSD.L — Risk / Return Rank
IBTU.L
FUSD.L
IBTU.L vs. FUSD.L - 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 US Quality Income ETF Inc (FUSD.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.
| IBTU.L | FUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 3.47 | 1.35 | +2.12 |
| Calmar ratioReturn relative to maximum drawdown | 19.33 | 2.57 | +16.76 |
| Martin ratioReturn relative to average drawdown | 83.95 | 11.20 | +72.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBTU.L | FUSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | 1.96 | +1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | 0.69 | +2.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.86 | 0.75 | +2.11 |
Drawdowns
IBTU.L vs. FUSD.L - Drawdown Comparison
The maximum IBTU.L drawdown since its inception was -0.72%, smaller than the maximum FUSD.L drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for IBTU.L and FUSD.L.
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Drawdown Indicators
| IBTU.L | FUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.72% | -35.98% | +35.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -7.94% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -17.60% | +17.40% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -20.25% | +19.85% |
Current DrawdownCurrent decline from peak | 0.00% | -2.33% | +2.33% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -4.19% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.82% | -1.77% |
Volatility
IBTU.L vs. FUSD.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) is 0.35%, while Fidelity US Quality Income ETF Inc (FUSD.L) has a volatility of 2.96%. This indicates that IBTU.L experiences smaller price fluctuations and is considered to be less risky than FUSD.L 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 | FUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 2.96% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 7.84% | -7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 10.40% | -9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 14.70% | -13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 15.80% | -14.85% |
IBTU.L vs. FUSD.L - Expense Ratio Comparison
IBTU.L has a 0.07% expense ratio, which is lower than FUSD.L'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
IBTU.L vs. FUSD.L - Dividend Comparison
IBTU.L's dividend yield for the trailing twelve months is around 4.07%, more than FUSD.L's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income ETF Inc | 1.45% | 1.47% | 0.47% | 1.04% | 0.56% | 0.94% | 1.26% | 0.00% |
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% |
Frequently Asked Questions
IBTU.L and FUSD.L have a correlation of 0.07, 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 0.25% for FUSD.L.
IBTU.L is categorized as Government Bonds, while FUSD.L is Large Cap Blend Equities. IBTU.L tracks ICE U.S. Treasury Short Bond Index, while FUSD.L tracks Fidelity US Quality Income Index NR. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.07% for IBTU.L and 0.25% for FUSD.L.
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