IEF vs. IB01.L
IEF (iShares 7-10 Year Treasury Bond ETF) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both Government Bonds funds from iShares - IEF tracks the ICE U.S. Treasury 7-10 Year Bond Index while IB01.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, IEF returned -1.24%/yr vs 3.22%/yr for IB01.L. At a 0.15 correlation, their price movements are largely independent. IEF charges 0.15%/yr vs 0.07%/yr for IB01.L.
Performance
IEF vs. IB01.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -0.47% return, which is significantly lower than IB01.L's 1.53% return.
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
IB01.L
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.53%
- 6M
- 1.75%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.22%
- 10Y*
- —
IEF vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 7.37% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.53% | 4.34% | 5.25% | 4.92% | 1.08% | -0.85% | 0.88% | 2.06% |
Correlation
The correlation between IEF and IB01.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.15 |
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Return for Risk
IEF vs. IB01.L — Risk / Return Rank
IEF
IB01.L
IEF vs. IB01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
| IEF | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.17 | ||
| Sortino ratioReturn per unit of downside risk | -35.62 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 7.97 | -6.85 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 114.57 | -113.74 |
| Martin ratioReturn relative to average drawdown | 2.35 | 566.04 | -563.69 |
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Drawdowns
IEF vs. IB01.L - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, which is greater than IB01.L's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for IEF and IB01.L.
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Drawdown Indicators
| IEF | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -1.28% | -22.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -0.03% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -0.09% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -1.15% | -20.25% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -11.18% | 0.00% | -11.18% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -0.24% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.01% | +1.44% |
Volatility
IEF vs. IB01.L - Volatility Comparison
iShares 7-10 Year Treasury Bond ETF (IEF) has a higher volatility of 1.62% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 0.10%. This indicates that IEF's price experiences larger fluctuations and is considered to be riskier than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.10% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 0.23% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 0.33% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 0.54% | +7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 0.79% | +5.84% |
IEF vs. IB01.L - Expense Ratio Comparison
IEF has a 0.15% expense ratio, which is higher than IB01.L's 0.07% 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
IEF vs. IB01.L - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.89%, while IB01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
IEF and IB01.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.15% for IEF.
IEF tracks ICE U.S. Treasury 7-10 Year Bond Index, while IB01.L tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.15% for IEF and 0.07% for IB01.L.
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