IUIT.L vs. U03A.L
IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) and U03A.L (iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc)) are both exchange-traded funds - IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index, while U03A.L is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Bill Index. Both are passively managed. Over the past year, IUIT.L returned 35.71% vs 3.92% for U03A.L. At a correlation of -0.06, they often move in opposite directions. IUIT.L charges 0.15%/yr vs 0.07%/yr for U03A.L.
Performance
IUIT.L vs. U03A.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUIT.L achieves a 14.90% return, which is significantly higher than U03A.L's 1.71% return.
IUIT.L
- 1D
- -1.49%
- 1M
- -3.85%
- YTD
- 14.90%
- 6M
- 14.66%
- 1Y
- 35.71%
- 3Y*
- 30.73%
- 5Y*
- 21.47%
- 10Y*
- 26.35%
U03A.L
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.85%
- 1Y
- 3.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUIT.L vs. U03A.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 14.90% | 31.77% |
U03A.L iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) | 1.71% | 3.60% |
Correlation
The correlation between IUIT.L and U03A.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2025 | -0.06 |
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
IUIT.L vs. U03A.L — Risk / Return Rank
IUIT.L
U03A.L
IUIT.L vs. U03A.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) and iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.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.
| IUIT.L | U03A.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.86 | ||
| Sortino ratioReturn per unit of downside risk | -15.70 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 4.82 | -3.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 34.17 | -32.08 |
| Martin ratioReturn relative to average drawdown | 5.89 | 248.94 | -243.05 |
Loading charts...
Drawdowns
IUIT.L vs. U03A.L - Drawdown Comparison
The maximum IUIT.L drawdown since its inception was -33.46%, which is greater than U03A.L's maximum drawdown of -0.11%. Use the drawdown chart below to compare losses from any high point for IUIT.L and U03A.L.
Loading charts...
Drawdown Indicators
| IUIT.L | U03A.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.46% | -0.11% | -33.35% |
Max Drawdown (1Y)Largest decline over 1 year | -17.03% | -0.11% | -16.92% |
Max Drawdown (3Y)Largest decline over 3 years | -26.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.46% | — | — |
Current DrawdownCurrent decline from peak | -9.55% | 0.00% | -9.55% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -0.01% | -5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 0.02% | +6.03% |
Volatility
IUIT.L vs. U03A.L - Volatility Comparison
iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a higher volatility of 8.89% compared to iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) at 0.10%. This indicates that IUIT.L's price experiences larger fluctuations and is considered to be riskier than U03A.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUIT.L | U03A.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 0.10% | +8.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 0.25% | +16.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 0.46% | +20.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.83% | 0.49% | +23.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 0.49% | +21.80% |
IUIT.L vs. U03A.L - Expense Ratio Comparison
IUIT.L has a 0.15% expense ratio, which is higher than U03A.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
IUIT.L vs. U03A.L - Dividend Comparison
Neither IUIT.L nor U03A.L has paid dividends to shareholders.
Frequently Asked Questions
IUIT.L and U03A.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, U03A.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
U03A.L is cheaper with a 0.07% expense ratio, compared with 0.15% for IUIT.L.
IUIT.L is categorized as Technology Equities, while U03A.L is Ultrashort Bond. IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index, while U03A.L tracks ICE 0-3 Month US Treasury Bill Index. Their fees differ too: 0.15% for IUIT.L and 0.07% for U03A.L.
Find the right allocation for IUIT.L and U03A.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