IDBT.L vs. IBTG.L
IDBT.L (iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist)) and IBTG.L (iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist)) are both Short-Term Bond funds from iShares tracking the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 5 years, IDBT.L returned 1.93%/yr vs 1.11%/yr for IBTG.L. At a 0.26 correlation, their price movements are largely independent. IDBT.L charges 0.07%/yr vs 0.10%/yr for IBTG.L.
Performance
IDBT.L vs. IBTG.L - Performance Comparison
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Different Trading Currencies
IDBT.L is traded in USD, while IBTG.L is traded in GBP. To make them comparable, the IBTG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IDBT.L having a 0.80% return and IBTG.L slightly lower at 0.77%.
IDBT.L
- 1D
- 0.02%
- 1M
- 0.18%
- 6M
- 0.91%
- YTD
- 0.80%
- 1Y
- 3.28%
- 3Y*
- 4.28%
- 5Y*
- 1.93%
- 10Y*
- 1.76%
IBTG.L
- 1D
- -0.21%
- 1M
- 1.42%
- 6M
- 1.58%
- YTD
- 0.77%
- 1Y
- 3.51%
- 3Y*
- 5.19%
- 5Y*
- 1.11%
- 10Y*
- —
IDBT.L vs. IBTG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IDBT.L iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 0.80% | 5.28% | 4.03% | 4.16% | -3.71% | -0.64% | 3.13% | 3.67% | 1.53% |
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 0.77% | 13.01% | 2.02% | 9.12% | -14.76% | -1.72% | 5.84% | 5.84% | -9.78% |
Correlation
The correlation between IDBT.L and IBTG.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.26 |
The correlation between IDBT.L and IBTG.L shifts across timeframes, from 0.26 (all time) to 0.38 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDBT.L vs. IBTG.L — Risk / Return Rank
IDBT.L
IBTG.L
IDBT.L vs. IBTG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IDBT.L) and iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.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.
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.
| IDBT.L | IBTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.09 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 0.77 | +3.77 |
| Martin ratioReturn relative to average drawdown | 17.53 | 1.52 | +16.00 |
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Drawdowns
IDBT.L vs. IBTG.L - Drawdown Comparison
The maximum IDBT.L drawdown since its inception was -5.66%, smaller than the maximum IBTG.L drawdown of -28.91%. Use the drawdown chart below to compare losses from any high point for IDBT.L and IBTG.L.
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Drawdown Indicators
| IDBT.L | IBTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.66% | -28.91% | +23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -4.57% | +3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -9.34% | +8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.66% | -27.65% | +21.99% |
Max Drawdown (10Y)Largest decline over 10 years | -5.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.05% | +2.05% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -8.66% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 2.30% | -2.11% |
Volatility
IDBT.L vs. IBTG.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IDBT.L) is 0.36%, while iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.L) has a volatility of 1.78%. This indicates that IDBT.L experiences smaller price fluctuations and is considered to be less risky than IBTG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDBT.L | IBTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.78% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 5.14% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 6.97% | -5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 9.33% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 9.23% | -7.46% |
IDBT.L vs. IBTG.L - Expense Ratio Comparison
IDBT.L has a 0.07% expense ratio, which is lower than IBTG.L's 0.10% 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
IDBT.L vs. IBTG.L - Dividend Comparison
IDBT.L's dividend yield for the trailing twelve months is around 3.99%, more than IBTG.L's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 3.86% | 4.08% | 4.12% | 2.92% | 0.76% | 0.59% | 1.66% | 2.35% | 0.78% | 0.00% | 0.00% | 0.00% |
IDBT.L iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) | 3.99% | 4.15% | 4.25% | 2.97% | 0.74% | 0.63% | 1.71% | 2.31% | 1.57% | 0.96% | 0.74% | 0.51% |
Frequently Asked Questions
IDBT.L and IBTG.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDBT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDBT.L is cheaper with a 0.07% expense ratio, compared with 0.10% for IBTG.L.
Both ETFs track ICE U.S. Treasury 1-3 Year Bond Index. Their fees differ too: 0.07% for IDBT.L and 0.10% for IBTG.L.
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