IDBT.L vs. XUT3.L
IDBT.L (iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist)) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) 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 XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 10 years, IDBT.L returned 1.76%/yr vs 1.73%/yr for XUT3.L. A 0.77 correlation means they provide meaningful diversification when combined. IDBT.L charges 0.07%/yr vs 0.06%/yr for XUT3.L.
Performance
IDBT.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDBT.L achieves a 0.80% return, which is significantly higher than XUT3.L's 0.68% return. Both investments have delivered pretty close results over the past 10 years, with IDBT.L having a 1.76% annualized return and XUT3.L not far behind at 1.73%.
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%
XUT3.L
- 1D
- 0.09%
- 1M
- 0.02%
- 6M
- 0.74%
- YTD
- 0.68%
- 1Y
- 3.07%
- 3Y*
- 4.20%
- 5Y*
- 1.91%
- 10Y*
- 1.73%
IDBT.L vs. XUT3.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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.68% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.44% | 0.27% |
Correlation
The correlation between IDBT.L and XUT3.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009 | 0.77 |
The correlation between IDBT.L and XUT3.L shifts across timeframes, from 0.77 (all time) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDBT.L vs. XUT3.L — Risk / Return Rank
IDBT.L
XUT3.L
IDBT.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.59 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 4.65 | -0.11 |
| Martin ratioReturn relative to average drawdown | 17.53 | 17.93 | -0.40 |
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Drawdowns
IDBT.L vs. XUT3.L - Drawdown Comparison
The maximum IDBT.L drawdown since its inception was -5.66%, roughly equal to the maximum XUT3.L drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for IDBT.L and XUT3.L.
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Drawdown Indicators
| IDBT.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.66% | -5.45% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -0.67% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -0.91% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -5.66% | -5.45% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -5.66% | -5.45% | -0.21% |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -0.55% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.17% | +0.02% |
Volatility
IDBT.L vs. XUT3.L - Volatility Comparison
iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist) (IDBT.L) and Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) have volatilities of 0.36% and 0.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDBT.L | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.36% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 0.86% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 1.13% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 1.89% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 1.49% | +0.28% |
IDBT.L vs. XUT3.L - Expense Ratio Comparison
IDBT.L has a 0.07% expense ratio, which is higher than XUT3.L's 0.06% 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
IDBT.L vs. XUT3.L - Dividend Comparison
IDBT.L's dividend yield for the trailing twelve months is around 3.99%, more than XUT3.L's 2.83% 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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.83% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% | 0.00% | 0.00% |
Frequently Asked Questions
IDBT.L and XUT3.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IDBT.L.
IDBT.L is categorized as Short-Term Bond, while XUT3.L is Government Bonds. IDBT.L tracks ICE U.S. Treasury 1-3 Year Bond Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IDBT.L and 0.06% for XUT3.L.
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