IGLT.L vs. UB74.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - IGLT.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks Index while UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, IGLT.L returned -0.90%/yr vs 2.42%/yr for UB74.L. At a 0.12 correlation, their price movements are largely independent. IGLT.L charges 0.07%/yr vs 0.05%/yr for UB74.L.
Performance
IGLT.L vs. UB74.L - Performance Comparison
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Different Trading Currencies
IGLT.L is traded in GBP, while UB74.L is traded in GBp. To make them comparable, the UB74.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLT.L achieves a -0.84% return, which is significantly lower than UB74.L's 0.66% return. Over the past 10 years, IGLT.L has underperformed UB74.L with an annualized return of -0.90%, while UB74.L has yielded a comparatively higher 2.42% annualized return.
IGLT.L
- 1D
- 0.21%
- 1M
- 1.42%
- YTD
- -0.84%
- 6M
- -1.14%
- 1Y
- 2.10%
- 3Y*
- 2.44%
- 5Y*
- -4.26%
- 10Y*
- -0.90%
UB74.L
- 1D
- 0.12%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.25%
- 1Y
- 4.37%
- 3Y*
- 1.43%
- 5Y*
- 2.86%
- 10Y*
- 2.42%
IGLT.L vs. UB74.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -0.84% | 4.69% | -3.33% | 3.56% | -23.71% | -5.03% | 8.08% | 6.70% | 0.53% | 1.39% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.66% | -2.06% | 5.76% | -1.65% | 7.62% | 0.57% | -0.46% | 0.26% | 7.13% | -8.67% |
Correlation
The correlation between IGLT.L and UB74.L is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.12 |
The correlation between IGLT.L and UB74.L shifts across timeframes, from -0.26 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IGLT.L vs. UB74.L — Risk / Return Rank
IGLT.L
UB74.L
IGLT.L vs. UB74.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.L) and UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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.
| IGLT.L | UB74.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.12 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.94 | -0.54 |
| Martin ratioReturn relative to average drawdown | 1.07 | 2.39 | -1.33 |
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
| IGLT.L | UB74.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.71 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.35 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.26 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.27 | 0.00 |
Drawdowns
IGLT.L vs. UB74.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.52%, which is greater than UB74.L's maximum drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for IGLT.L and UB74.L.
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Drawdown Indicators
| IGLT.L | UB74.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -18.81% | -16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.61% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -8.93% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -16.33% | -17.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -18.81% | -16.71% |
Current DrawdownCurrent decline from peak | -25.96% | -7.81% | -18.15% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -8.27% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.82% | +0.15% |
Volatility
IGLT.L vs. UB74.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 2.31% compared to UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) at 1.70%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier than UB74.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLT.L | UB74.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.70% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 4.49% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 6.14% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 8.08% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 9.27% | -0.25% |
IGLT.L vs. UB74.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is higher than UB74.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
IGLT.L vs. UB74.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.50%, more than UB74.L's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | 4.50% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.69% | 4.94% | 3.67% | 2.23% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
IGLT.L and UB74.L have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IGLT.L.
IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.07% for IGLT.L and 0.05% for UB74.L.
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