ITEH.L vs. IB01.L
ITEH.L (iShares Italy Govt Bond UCITS ETF USD Hedged (Acc)) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both Government Bonds funds from iShares - ITEH.L tracks the iShares Italy Govt Bond UCITS ETF USD Hedged (Acc) while IB01.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, ITEH.L returned 0.91%/yr vs 3.29%/yr for IB01.L. At a 0.12 correlation, their price movements are largely independent. ITEH.L charges 0.22%/yr vs 0.07%/yr for IB01.L.
Performance
ITEH.L vs. IB01.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ITEH.L achieves a 0.48% return, which is significantly lower than IB01.L's 1.83% return.
ITEH.L
- 1D
- 0.00%
- 1M
- -0.63%
- 6M
- -0.16%
- YTD
- 0.48%
- 1Y
- 3.10%
- 3Y*
- 6.11%
- 5Y*
- 0.91%
- 10Y*
- —
IB01.L
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 1.77%
- YTD
- 1.83%
- 1Y
- 3.90%
- 3Y*
- 4.66%
- 5Y*
- 3.29%
- 10Y*
- —
ITEH.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ITEH.L iShares Italy Govt Bond UCITS ETF USD Hedged (Acc) | 0.48% | 5.18% | 6.60% | 11.65% | -15.12% | -2.50% | 8.95% | 13.30% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 1.83% | 4.34% | 5.25% | 4.92% | 1.08% | -0.85% | 0.88% | 2.06% |
Correlation
The correlation between ITEH.L and IB01.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.12 |
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
ITEH.L vs. IB01.L — Risk / Return Rank
ITEH.L
IB01.L
ITEH.L vs. IB01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Italy Govt Bond UCITS ETF USD Hedged (Acc) (ITEH.L) and iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.
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.
| ITEH.L | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.28 | ||
| Sortino ratioReturn per unit of downside risk | -36.40 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 8.35 | -7.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 114.58 | -113.78 |
| Martin ratioReturn relative to average drawdown | 2.42 | 560.87 | -558.45 |
Loading charts...
Drawdowns
ITEH.L vs. IB01.L - Drawdown Comparison
The maximum ITEH.L drawdown since its inception was -19.30%, which is greater than IB01.L's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for ITEH.L and IB01.L.
Loading charts...
Drawdown Indicators
| ITEH.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.30% | -1.28% | -18.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -0.03% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.93% | -0.09% | -3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -1.12% | -18.18% |
Current DrawdownCurrent decline from peak | -1.56% | 0.00% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -0.23% | -4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 0.01% | +1.27% |
Volatility
ITEH.L vs. IB01.L - Volatility Comparison
iShares Italy Govt Bond UCITS ETF USD Hedged (Acc) (ITEH.L) has a higher volatility of 1.16% compared to iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) at 0.08%. This indicates that ITEH.L's price experiences larger fluctuations and is considered to be riskier than IB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ITEH.L | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.08% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.10% | 0.22% | +3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.78% | 0.33% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 0.54% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.24% | 0.78% | +6.46% |
ITEH.L vs. IB01.L - Expense Ratio Comparison
ITEH.L has a 0.22% expense ratio, which is higher than IB01.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
ITEH.L vs. IB01.L - Dividend Comparison
Neither ITEH.L nor IB01.L has paid dividends to shareholders.
Frequently Asked Questions
ITEH.L and IB01.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.22% for ITEH.L.
ITEH.L tracks iShares Italy Govt Bond UCITS ETF USD Hedged (Acc), while IB01.L tracks ICE U.S. Treasury Short Bond Index. Their fees differ too: 0.22% for ITEH.L and 0.07% for IB01.L.
Find the right allocation for ITEH.L and IB01.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