IBTU.L vs. UDVD.L
IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while UDVD.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, IBTU.L returned 3.38%/yr vs 5.73%/yr for UDVD.L. At a 0.00 correlation, their price movements are largely independent. IBTU.L charges 0.07%/yr vs 0.35%/yr for UDVD.L.
Performance
IBTU.L vs. UDVD.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 UDVD.L's 7.37% 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*
- —
UDVD.L
- 1D
- 0.28%
- 1M
- 0.99%
- YTD
- 7.37%
- 6M
- 8.92%
- 1Y
- 13.12%
- 3Y*
- 9.29%
- 5Y*
- 5.73%
- 10Y*
- 8.80%
IBTU.L vs. UDVD.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% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.37% | 8.57% | 7.64% | 2.06% | -0.33% | 25.05% | 0.77% | 11.31% |
Correlation
The correlation between IBTU.L and UDVD.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.00 |
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Return for Risk
IBTU.L vs. UDVD.L — Risk / Return Rank
IBTU.L
UDVD.L
IBTU.L vs. UDVD.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 SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.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 | UDVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +5.11 | ||
| Omega ratioGain probability vs. loss probability | 3.47 | 1.23 | +2.24 |
| Calmar ratioReturn relative to maximum drawdown | 19.33 | 1.85 | +17.48 |
| Martin ratioReturn relative to average drawdown | 83.95 | 4.67 | +79.28 |
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 | UDVD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | 1.32 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | 0.41 | +2.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.86 | 0.72 | +2.14 |
Drawdowns
IBTU.L vs. UDVD.L - Drawdown Comparison
The maximum IBTU.L drawdown since its inception was -0.72%, smaller than the maximum UDVD.L drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for IBTU.L and UDVD.L.
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Drawdown Indicators
| IBTU.L | UDVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.72% | -36.12% | +35.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -7.06% | +6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -15.26% | +15.06% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -15.26% | +14.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.27% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -3.43% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.80% | -2.75% |
Volatility
IBTU.L vs. UDVD.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) is 0.35%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) has a volatility of 2.62%. This indicates that IBTU.L experiences smaller price fluctuations and is considered to be less risky than UDVD.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 | UDVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 2.62% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 7.00% | -6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 9.93% | -8.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 13.93% | -12.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 15.70% | -14.75% |
IBTU.L vs. UDVD.L - Expense Ratio Comparison
IBTU.L has a 0.07% expense ratio, which is lower than UDVD.L's 0.35% expense ratio.
Dividends
IBTU.L vs. UDVD.L - Dividend Comparison
IBTU.L's dividend yield for the trailing twelve months is around 4.07%, more than UDVD.L's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.17% | 2.03% | 2.24% | 2.13% | 2.15% | 2.36% | 2.01% | 2.27% | 1.78% | 1.83% | 2.06% |
Frequently Asked Questions
IBTU.L and UDVD.L have a correlation of 0.03, 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 0.35% for UDVD.L.
IBTU.L is categorized as Government Bonds, while UDVD.L is Large Cap Blend Equities. IBTU.L tracks ICE U.S. Treasury Short Bond Index, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IBTU.L and 0.35% for UDVD.L.
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