IBTU.L vs. VHYD.L
IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while VHYD.L is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, IBTU.L returned 3.38%/yr vs 10.19%/yr for VHYD.L. At a 0.02 correlation, their price movements are largely independent. IBTU.L charges 0.07%/yr vs 0.29%/yr for VHYD.L.
Performance
IBTU.L vs. VHYD.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 VHYD.L's 9.52% 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*
- —
VHYD.L
- 1D
- -0.43%
- 1M
- 0.39%
- YTD
- 9.52%
- 6M
- 12.15%
- 1Y
- 24.58%
- 3Y*
- 17.96%
- 5Y*
- 10.19%
- 10Y*
- 9.89%
IBTU.L vs. VHYD.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% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 9.52% | 27.03% | 9.32% | 11.43% | -5.45% | 17.84% | -0.31% | 11.81% |
Correlation
The correlation between IBTU.L and VHYD.L is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
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. VHYD.L — Risk / Return Rank
IBTU.L
VHYD.L
IBTU.L vs. VHYD.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.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 | VHYD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 3.47 | 1.42 | +2.05 |
| Calmar ratioReturn relative to maximum drawdown | 19.33 | 3.16 | +16.17 |
| Martin ratioReturn relative to average drawdown | 83.95 | 11.40 | +72.55 |
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 | VHYD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | 2.30 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | 0.75 | +2.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.86 | 0.54 | +2.32 |
Drawdowns
IBTU.L vs. VHYD.L - Drawdown Comparison
The maximum IBTU.L drawdown since its inception was -0.72%, smaller than the maximum VHYD.L drawdown of -36.60%. Use the drawdown chart below to compare losses from any high point for IBTU.L and VHYD.L.
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Drawdown Indicators
| IBTU.L | VHYD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.72% | -36.60% | +35.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -7.74% | +7.54% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -12.48% | +12.28% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -20.89% | +20.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.60% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.62% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -5.32% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.15% | -2.10% |
Volatility
IBTU.L vs. VHYD.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) is 0.35%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) has a volatility of 2.67%. This indicates that IBTU.L experiences smaller price fluctuations and is considered to be less risky than VHYD.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 | VHYD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 2.67% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 8.53% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 10.62% | -9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 13.65% | -12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 15.39% | -14.44% |
IBTU.L vs. VHYD.L - Expense Ratio Comparison
IBTU.L has a 0.07% expense ratio, which is lower than VHYD.L's 0.29% expense ratio.
Dividends
IBTU.L vs. VHYD.L - Dividend Comparison
IBTU.L's dividend yield for the trailing twelve months is around 4.07%, more than VHYD.L's 2.52% 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% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.52% | 2.77% | 3.15% | 3.31% | 3.72% | 3.14% | 2.90% | 3.23% | 3.77% | 2.96% | 3.16% | 3.32% |
Frequently Asked Questions
IBTU.L and VHYD.L have a correlation of -0.00, 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 0.29% for VHYD.L.
IBTU.L is categorized as Government Bonds, while VHYD.L is Global Equities. IBTU.L tracks ICE U.S. Treasury Short Bond Index, while VHYD.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTU.L and 0.29% for VHYD.L.
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