IS3L.DE vs. XT01.DE
IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both exchange-traded funds - IS3L.DE is a Ultrashort Bond fund tracking the iBoxx USD Liquid Investment Grade Ultrashort Index, while XT01.DE is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, IS3L.DE returned 4.53%/yr vs 4.12%/yr for XT01.DE. With a 0.97 correlation, they move nearly in lockstep. IS3L.DE charges 0.09%/yr vs 0.06%/yr for XT01.DE.
Performance
IS3L.DE vs. XT01.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3L.DE achieves a 4.85% return, which is significantly higher than XT01.DE's 4.43% return.
IS3L.DE
- 1D
- 0.07%
- 1M
- 1.79%
- 6M
- 4.65%
- YTD
- 4.85%
- 1Y
- 7.12%
- 3Y*
- 3.43%
- 5Y*
- 4.53%
- 10Y*
- 2.44%
XT01.DE
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 4.24%
- YTD
- 4.43%
- 1Y
- 6.70%
- 3Y*
- 2.94%
- 5Y*
- 4.12%
- 10Y*
- —
IS3L.DE vs. XT01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.85% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -3.69% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.43% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between IS3L.DE and XT01.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.97 |
The correlation between IS3L.DE and XT01.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
IS3L.DE vs. XT01.DE — Risk / Return Rank
IS3L.DE
XT01.DE
IS3L.DE vs. XT01.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE). 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.
| IS3L.DE | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.19 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.98 | +0.16 |
| Martin ratioReturn relative to average drawdown | 5.14 | 4.71 | +0.42 |
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Drawdowns
IS3L.DE vs. XT01.DE - Drawdown Comparison
The maximum IS3L.DE drawdown since its inception was -28.17%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for IS3L.DE and XT01.DE.
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Drawdown Indicators
| IS3L.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -11.68% | -16.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.40% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -11.68% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -11.68% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -4.88% | -5.54% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -4.91% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.42% | -0.04% |
Volatility
IS3L.DE vs. XT01.DE - Volatility Comparison
The current volatility for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) is 1.60%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a volatility of 1.77%. This indicates that IS3L.DE experiences smaller price fluctuations and is considered to be less risky than XT01.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3L.DE | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 1.77% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 4.22% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 6.04% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 7.44% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 7.29% | +3.25% |
IS3L.DE vs. XT01.DE - Expense Ratio Comparison
IS3L.DE has a 0.09% expense ratio, which is higher than XT01.DE'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
IS3L.DE vs. XT01.DE - Dividend Comparison
IS3L.DE's dividend yield for the trailing twelve months is around 4.25%, while XT01.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.25% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
XT01.DE 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
With a correlation of 0.98, IS3L.DE and XT01.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.09% for IS3L.DE.
IS3L.DE is categorized as Ultrashort Bond, while XT01.DE is Government Bonds. IS3L.DE tracks iBoxx USD Liquid Investment Grade Ultrashort Index, while XT01.DE tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.09% for IS3L.DE and 0.06% for XT01.DE.
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