INXG.L vs. IBTS.L
INXG.L (iShares £ Index-Linked Gilts UCITS ETF) and IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) are both Government Bonds funds from iShares - INXG.L tracks the Bloomberg UK Government Inflation-Linked Bond Index while IBTS.L tracks the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 10 years, INXG.L returned -1.18%/yr vs 2.52%/yr for IBTS.L. At a 0.12 correlation, their price movements are largely independent. INXG.L charges 0.10%/yr vs 0.07%/yr for IBTS.L.
Performance
INXG.L vs. IBTS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INXG.L achieves a 0.04% return, which is significantly lower than IBTS.L's 0.65% return. Over the past 10 years, INXG.L has underperformed IBTS.L with an annualized return of -1.18%, while IBTS.L has yielded a comparatively higher 2.52% annualized return.
INXG.L
- 1D
- 0.44%
- 1M
- 0.13%
- YTD
- 0.04%
- 6M
- -0.13%
- 1Y
- 3.36%
- 3Y*
- -0.63%
- 5Y*
- -8.26%
- 10Y*
- -1.18%
IBTS.L
- 1D
- 0.14%
- 1M
- 1.26%
- YTD
- 0.65%
- 6M
- 0.14%
- 1Y
- 4.65%
- 3Y*
- 1.53%
- 5Y*
- 2.95%
- 10Y*
- 2.52%
INXG.L vs. IBTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 0.04% | 1.10% | -8.66% | 0.16% | -34.27% | 4.08% | 11.08% | 6.27% | -0.49% | 2.21% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.65% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 0.37% | 7.21% | -8.60% |
Correlation
The correlation between INXG.L and IBTS.L is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2006 | 0.12 |
The correlation between INXG.L and IBTS.L shifts across timeframes, from -0.21 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INXG.L vs. IBTS.L — Risk / Return Rank
INXG.L
IBTS.L
INXG.L vs. IBTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Index-Linked Gilts UCITS ETF (INXG.L) and iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.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.
| INXG.L | IBTS.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 | 0.50 | 0.99 | -0.49 |
| Martin ratioReturn relative to average drawdown | 1.08 | 2.51 | -1.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| INXG.L | IBTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.73 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | 0.36 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.27 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.71 | 0.35 | -1.06 |
Drawdowns
INXG.L vs. IBTS.L - Drawdown Comparison
The maximum INXG.L drawdown since its inception was -99.05%, which is greater than IBTS.L's maximum drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for INXG.L and IBTS.L.
Loading charts...
Drawdown Indicators
| INXG.L | IBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.05% | -19.02% | -80.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.62% | -4.51% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -8.89% | -6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -50.87% | -16.28% | -34.59% |
Max Drawdown (10Y)Largest decline over 10 years | -50.87% | -19.02% | -31.85% |
Current DrawdownCurrent decline from peak | -98.31% | -7.51% | -90.80% |
Average DrawdownAverage peak-to-trough decline | -97.27% | -7.93% | -89.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 1.78% | +1.28% |
Volatility
INXG.L vs. IBTS.L - Volatility Comparison
iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a higher volatility of 3.49% compared to iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) at 1.67%. This indicates that INXG.L's price experiences larger fluctuations and is considered to be riskier than IBTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INXG.L | IBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 1.67% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.26% | 4.49% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.89% | 6.09% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 8.09% | +11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 9.24% | +8.23% |
INXG.L vs. IBTS.L - Expense Ratio Comparison
INXG.L has a 0.10% expense ratio, which is higher than IBTS.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
INXG.L vs. IBTS.L - Dividend Comparison
INXG.L's dividend yield for the trailing twelve months is around 7.56%, more than IBTS.L's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.99% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 7.56% | 7.23% | 5.77% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% |
Frequently Asked Questions
INXG.L and IBTS.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTS.L is cheaper with a 0.07% expense ratio, compared with 0.10% for INXG.L.
INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index, while IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index. Their fees differ too: 0.10% for INXG.L and 0.07% for IBTS.L.
Find the right allocation for INXG.L and IBTS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer