IGLT.L vs. XT01.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - IGLT.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks Index while XT01.L tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, IGLT.L returned -4.26%/yr vs 4.47%/yr for XT01.L. At a correlation of -0.07, they often move in opposite directions. IGLT.L charges 0.07%/yr vs 0.06%/yr for XT01.L.
Performance
IGLT.L vs. XT01.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLT.L achieves a -0.84% return, which is significantly lower than XT01.L's 1.60% 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%
XT01.L
- 1D
- 0.10%
- 1M
- 1.28%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.98%
- 3Y*
- 2.01%
- 5Y*
- 4.47%
- 10Y*
- —
IGLT.L vs. XT01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -0.84% | 4.69% | -3.33% | 3.56% | -23.71% | -5.03% | 0.95% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.60% | -2.80% | 6.91% | -0.75% | 12.89% | 1.36% | -5.72% |
Correlation
The correlation between IGLT.L and XT01.L is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | -0.07 |
Over the past year, the inverse relationship between IGLT.L and XT01.L has strengthened: their correlation has moved from -0.07 to -0.34, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IGLT.L vs. XT01.L — Risk / Return Rank
IGLT.L
XT01.L
IGLT.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.11 | -0.71 |
| Martin ratioReturn relative to average drawdown | 1.07 | 2.77 | -1.70 |
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 | XT01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.77 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.53 | -0.96 |
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 | 0.26 | +0.02 |
Drawdowns
IGLT.L vs. XT01.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.52%, which is greater than XT01.L's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for IGLT.L and XT01.L.
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Drawdown Indicators
| IGLT.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -15.31% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.48% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -9.75% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -15.31% | -18.18% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | — | — |
Current DrawdownCurrent decline from peak | -25.96% | -5.62% | -20.34% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -7.30% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.80% | +0.17% |
Volatility
IGLT.L vs. XT01.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 2.31% compared to Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) at 1.90%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier than XT01.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 | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.90% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 4.68% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 6.44% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 8.37% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 8.34% | +0.68% |
IGLT.L vs. XT01.L - Expense Ratio Comparison
IGLT.L has a 0.07% expense ratio, which is higher than XT01.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
IGLT.L vs. XT01.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.50%, while XT01.L has not paid dividends to shareholders.
| 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% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLT.L and XT01.L have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IGLT.L.
IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while XT01.L tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for IGLT.L and 0.06% for XT01.L.
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