IGLT.L vs. USFR.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and USFR.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD) are both Government Bonds funds - IGLT.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks Index while USFR.L tracks the Bloomberg US Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, IGLT.L returned -4.26%/yr vs 4.71%/yr for USFR.L. At a correlation of -0.02, they often move in opposite directions. IGLT.L charges 0.07%/yr vs 0.15%/yr for USFR.L.
Performance
IGLT.L vs. USFR.L - Performance Comparison
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Different Trading Currencies
IGLT.L is traded in GBP, while USFR.L is traded in USD. To make them comparable, the USFR.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 USFR.L's 2.01% 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%
USFR.L
- 1D
- 0.01%
- 1M
- 1.25%
- YTD
- 2.01%
- 6M
- 1.19%
- 1Y
- 4.97%
- 3Y*
- 2.06%
- 5Y*
- 4.71%
- 10Y*
- —
IGLT.L vs. USFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -0.84% | 4.69% | -3.33% | 3.56% | -23.71% | -5.03% | 8.08% | 3.32% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 2.01% | -3.29% | 7.25% | -0.31% | 14.18% | 0.79% | -2.38% | 1.04% |
Correlation
The correlation between IGLT.L and USFR.L is -0.23, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019 | -0.02 |
Over the past year, the inverse relationship between IGLT.L and USFR.L has strengthened: their correlation has moved from -0.02 to -0.23, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IGLT.L vs. USFR.L — Risk / Return Rank
IGLT.L
USFR.L
IGLT.L vs. USFR.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 WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.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 | USFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.97 | -0.57 |
| Martin ratioReturn relative to average drawdown | 1.07 | 2.60 | -1.53 |
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 | USFR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.75 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.55 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.29 | -0.01 |
Drawdowns
IGLT.L vs. USFR.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.52%, which is greater than USFR.L's maximum drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for IGLT.L and USFR.L.
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Drawdown Indicators
| IGLT.L | USFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -18.16% | -17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -5.09% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -9.80% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -15.70% | -17.79% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | — | — |
Current DrawdownCurrent decline from peak | -25.96% | -5.90% | -20.06% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -8.93% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.91% | +0.06% |
Volatility
IGLT.L vs. USFR.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 2.31% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) at 1.89%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier than USFR.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 | USFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.89% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 5.05% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 6.63% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 8.60% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 8.90% | +0.12% |
IGLT.L vs. USFR.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is lower than USFR.L's 0.15% 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
IGLT.L vs. USFR.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.50%, more than USFR.L's 3.99% 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% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 3.99% | 4.32% | 5.24% | 4.58% | 0.78% | 0.00% | 0.57% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLT.L and USFR.L have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLT.L is cheaper with a 0.07% expense ratio, compared with 0.15% for USFR.L.
IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while USFR.L tracks Bloomberg US Treasury Floating Rate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.07% for IGLT.L and 0.15% for USFR.L.
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