IDBT.L vs. QUID.L
IDBT.L (iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist)) and QUID.L (PIMCO Sterling Short Maturity UCITS ETF GBP (Dist)) are both exchange-traded funds - IDBT.L is a Short-Term Bond fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while QUID.L is a Ultrashort Bond fund actively managed by PIMCO. IDBT.L is passively managed, while QUID.L is actively managed. Over the past 10 years, IDBT.L returned 1.76%/yr vs 2.25%/yr for QUID.L. At a 0.10 correlation, their price movements are largely independent. IDBT.L charges 0.07%/yr vs 0.19%/yr for QUID.L.
Performance
IDBT.L vs. QUID.L - Performance Comparison
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Different Trading Currencies
IDBT.L is traded in USD, while QUID.L is traded in GBP. To make them comparable, the QUID.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDBT.L achieves a 0.80% return, which is significantly lower than QUID.L's 2.03% return. Over the past 10 years, IDBT.L has underperformed QUID.L with an annualized return of 1.76%, while QUID.L has yielded a comparatively higher 2.25% annualized return.
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%
QUID.L
- 1D
- -0.23%
- 1M
- 1.52%
- 6M
- 2.37%
- YTD
- 2.03%
- 1Y
- 4.50%
- 3Y*
- 6.17%
- 5Y*
- 2.80%
- 10Y*
- 2.25%
IDBT.L vs. QUID.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.34% | 0.33% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 2.03% | 12.80% | 3.91% | 10.49% | -11.55% | -0.98% | 3.80% | 5.64% | -5.42% | 10.09% |
Correlation
The correlation between IDBT.L and QUID.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2011 | 0.10 |
The correlation between IDBT.L and QUID.L shifts across timeframes, from 0.10 (all time) to 0.26 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDBT.L vs. QUID.L — Risk / Return Rank
IDBT.L
QUID.L
IDBT.L vs. QUID.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 PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.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 | QUID.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.12 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 1.01 | +3.53 |
| Martin ratioReturn relative to average drawdown | 17.53 | 2.27 | +15.25 |
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Drawdowns
IDBT.L vs. QUID.L - Drawdown Comparison
The maximum IDBT.L drawdown since its inception was -5.66%, smaller than the maximum QUID.L drawdown of -35.66%. Use the drawdown chart below to compare losses from any high point for IDBT.L and QUID.L.
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Drawdown Indicators
| IDBT.L | QUID.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.66% | -35.66% | +30.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -4.45% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -7.76% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -5.66% | -25.00% | +19.34% |
Max Drawdown (10Y)Largest decline over 10 years | -5.66% | -26.28% | +20.62% |
Current DrawdownCurrent decline from peak | 0.00% | -2.91% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -14.59% | +14.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 1.98% | -1.79% |
Volatility
IDBT.L vs. QUID.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IDBT.L) is 0.36%, while PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.L) has a volatility of 1.69%. This indicates that IDBT.L experiences smaller price fluctuations and is considered to be less risky than QUID.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 | QUID.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.69% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 5.10% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 6.71% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 8.63% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 8.88% | -7.11% |
IDBT.L vs. QUID.L - Expense Ratio Comparison
IDBT.L has a 0.07% expense ratio, which is lower than QUID.L's 0.19% 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. QUID.L - Dividend Comparison
IDBT.L's dividend yield for the trailing twelve months is around 3.99%, more than QUID.L's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) | 3.84% | 4.19% | 4.67% | 3.69% | 0.66% | 0.08% | 0.31% | 0.73% | 0.52% | 0.33% | 0.59% | 0.55% |
Frequently Asked Questions
IDBT.L and QUID.L have a correlation of 0.24, 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 0.19% for QUID.L.
IDBT.L is categorized as Short-Term Bond, while QUID.L is Ultrashort Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.07% for IDBT.L and 0.19% for QUID.L.
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