IUMF.L vs. VBIL
IUMF.L (iShares Edge MSCI USA Momentum Factor UCITS ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both exchange-traded funds - IUMF.L is a Momentum fund tracking the MSCI USA Momentum Index, while VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Both are passively managed. Over the past year, IUMF.L returned 47.38% vs 5.15% for VBIL. At a 0.10 correlation, their price movements are largely independent. IUMF.L charges 0.20%/yr vs 0.07%/yr for VBIL.
Performance
IUMF.L vs. VBIL - Performance Comparison
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Different Trading Currencies
IUMF.L is traded in GBp, while VBIL is traded in USD. To make them comparable, the VBIL values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUMF.L achieves a 34.18% return, which is significantly higher than VBIL's 2.07% return.
IUMF.L
- 1D
- 2.57%
- 1M
- 10.39%
- YTD
- 34.18%
- 6M
- 33.98%
- 1Y
- 47.38%
- 3Y*
- 29.94%
- 5Y*
- 16.22%
- 10Y*
- —
VBIL
- 1D
- -0.04%
- 1M
- -0.41%
- YTD
- 2.07%
- 6M
- 1.52%
- 1Y
- 5.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUMF.L vs. VBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF | 34.18% | 0.68% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 2.07% | -4.18% |
Correlation
The correlation between IUMF.L and VBIL is 0.08, 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | 0.10 |
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Return for Risk
IUMF.L vs. VBIL — Risk / Return Rank
IUMF.L
VBIL
IUMF.L vs. VBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.
| IUMF.L | VBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.14 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 1.00 | +4.06 |
| Martin ratioReturn relative to average drawdown | 15.85 | 2.71 | +13.15 |
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Drawdowns
IUMF.L vs. VBIL - Drawdown Comparison
The maximum IUMF.L drawdown since its inception was -25.23%, which is greater than VBIL's maximum drawdown of -8.01%. Use the drawdown chart below to compare losses from any high point for IUMF.L and VBIL.
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Drawdown Indicators
| IUMF.L | VBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.23% | -8.01% | -17.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -5.16% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -22.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.22% | +2.22% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -4.17% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.91% | +1.07% |
Volatility
IUMF.L vs. VBIL - Volatility Comparison
iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) has a higher volatility of 9.15% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 1.42%. This indicates that IUMF.L's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUMF.L | VBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 1.42% | +7.73% |
Volatility (6M)Calculated over the trailing 6-month period | 16.24% | 4.89% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 6.61% | +12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.18% | 7.07% | +16.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.81% | 7.07% | +32.74% |
IUMF.L vs. VBIL - Expense Ratio Comparison
IUMF.L has a 0.20% expense ratio, which is higher than VBIL'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
IUMF.L vs. VBIL - Dividend Comparison
IUMF.L has not paid dividends to shareholders, while VBIL's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 |
|---|---|---|
IUMF.L iShares Edge MSCI USA Momentum Factor UCITS ETF | 0.00% | 0.00% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.65% | 3.12% |
Frequently Asked Questions
IUMF.L and VBIL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBIL is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBIL is cheaper with a 0.07% expense ratio, compared with 0.20% for IUMF.L.
IUMF.L is categorized as Momentum, while VBIL is Ultrashort Bond. IUMF.L tracks MSCI USA Momentum Index, while VBIL tracks Bloomberg US Treasury Bills 0-3 Months Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IUMF.L and 0.07% for VBIL.
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