IBTU.L vs. VUTY.L
IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - IBTU.L tracks the ICE U.S. Treasury Short Bond Index while VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, IBTU.L returned 3.38%/yr vs -0.52%/yr for VUTY.L. At a 0.05 correlation, their price movements are largely independent. IBTU.L charges 0.07%/yr vs 0.05%/yr for VUTY.L.
Performance
IBTU.L vs. VUTY.L - Performance Comparison
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Different Trading Currencies
IBTU.L is traded in USD, while VUTY.L is traded in GBP. To make them comparable, the VUTY.L 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 higher than VUTY.L's -0.74% 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*
- —
VUTY.L
- 1D
- -0.51%
- 1M
- -0.80%
- YTD
- -0.74%
- 6M
- -0.42%
- 1Y
- 3.05%
- 3Y*
- 2.61%
- 5Y*
- -0.52%
- 10Y*
- 0.86%
IBTU.L vs. VUTY.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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.74% | 6.32% | 0.82% | 3.23% | -12.33% | -2.02% | 7.20% | 7.02% |
Correlation
The correlation between IBTU.L and VUTY.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2019 | 0.05 |
The correlation between IBTU.L and VUTY.L shifts across timeframes, from -0.11 (1 year) to 0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBTU.L vs. VUTY.L — Risk / Return Rank
IBTU.L
VUTY.L
IBTU.L vs. VUTY.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 USD Treasury Bond UCITS ETF Distributing (VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.79 | ||
| Sortino ratioReturn per unit of downside risk | +6.15 | ||
| Omega ratioGain probability vs. loss probability | 3.47 | 1.11 | +2.37 |
| Calmar ratioReturn relative to maximum drawdown | 19.33 | 0.99 | +18.34 |
| Martin ratioReturn relative to average drawdown | 83.95 | 2.89 | +81.06 |
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 | VUTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.41 | 0.61 | +2.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | -0.07 | +3.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.86 | 0.15 | +2.71 |
Drawdowns
IBTU.L vs. VUTY.L - Drawdown Comparison
The maximum IBTU.L drawdown since its inception was -0.72%, smaller than the maximum VUTY.L drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for IBTU.L and VUTY.L.
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Drawdown Indicators
| IBTU.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.72% | -19.26% | +18.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -3.06% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -5.48% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -16.64% | +16.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.26% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.97% | +7.97% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -6.93% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.05% | -1.00% |
Volatility
IBTU.L vs. VUTY.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) is 0.35%, while Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) has a volatility of 1.53%. This indicates that IBTU.L experiences smaller price fluctuations and is considered to be less risky than VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.53% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 3.62% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 4.94% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 7.03% | -6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 6.79% | -5.84% |
IBTU.L vs. VUTY.L - Expense Ratio Comparison
IBTU.L has a 0.07% expense ratio, which is higher than VUTY.L's 0.05% 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
IBTU.L vs. VUTY.L - Dividend Comparison
IBTU.L's dividend yield for the trailing twelve months is around 4.07%, less than VUTY.L's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.26% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
Frequently Asked Questions
IBTU.L and VUTY.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTU.L.
IBTU.L tracks ICE U.S. Treasury Short Bond Index, while VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IBTU.L and 0.05% for VUTY.L.
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