IUSA.DE vs. IBTL.L
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and IBTL.L (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both exchange-traded funds - IUSA.DE is a S&P 500 fund tracking the S&P 500 Index, while IBTL.L is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, IUSA.DE returned 15.16%/yr vs -1.71%/yr for IBTL.L. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.07% expense ratio.
Performance
IUSA.DE vs. IBTL.L - Performance Comparison
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Different Trading Currencies
IUSA.DE is traded in EUR, while IBTL.L is traded in GBp. To make them comparable, the IBTL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.42% return, which is significantly higher than IBTL.L's 0.33% return. Over the past 10 years, IUSA.DE has outperformed IBTL.L with an annualized return of 15.16%, while IBTL.L has yielded a comparatively lower -1.71% annualized return.
IUSA.DE
- 1D
- -0.13%
- 1M
- 4.35%
- YTD
- 11.42%
- 6M
- 10.93%
- 1Y
- 25.71%
- 3Y*
- 19.00%
- 5Y*
- 14.90%
- 10Y*
- 15.16%
IBTL.L
- 1D
- 0.38%
- 1M
- 0.97%
- YTD
- 0.33%
- 6M
- -0.44%
- 1Y
- 2.63%
- 3Y*
- -4.22%
- 5Y*
- -5.17%
- 10Y*
- -1.71%
IUSA.DE vs. IBTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.42% | 4.84% | 32.50% | 22.60% | -14.19% | 41.00% | 7.02% | 34.79% | -0.83% | 7.30% |
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.33% | -7.87% | -0.94% | -1.58% | -26.18% | 2.97% | 6.92% | 19.18% | 1.65% | -3.84% |
Correlation
The correlation between IUSA.DE and IBTL.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2015 | -0.05 |
The correlation between IUSA.DE and IBTL.L shifts across timeframes, from -0.05 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUSA.DE vs. IBTL.L — Risk / Return Rank
IUSA.DE
IBTL.L
IUSA.DE vs. IBTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.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.
| IUSA.DE | IBTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.05 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 0.33 | +3.29 |
| Martin ratioReturn relative to average drawdown | 12.88 | 0.72 | +12.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSA.DE | IBTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 0.26 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | -0.34 | +1.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | -0.11 | +1.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | -0.11 | +0.78 |
Drawdowns
IUSA.DE vs. IBTL.L - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -50.54%, which is greater than IBTL.L's maximum drawdown of -46.89%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and IBTL.L.
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Drawdown Indicators
| IUSA.DE | IBTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -46.89% | -3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -7.31% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -18.14% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -39.72% | +16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -46.89% | +13.26% |
Current DrawdownCurrent decline from peak | -0.46% | -43.62% | +43.16% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -22.81% | +15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.38% | -1.38% |
Volatility
IUSA.DE vs. IBTL.L - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) has a higher volatility of 2.67% compared to iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) at 2.25%. This indicates that IUSA.DE's price experiences larger fluctuations and is considered to be riskier than IBTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.DE | IBTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.25% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 6.23% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 9.35% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 15.38% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 15.40% | +0.66% |
IUSA.DE vs. IBTL.L - Expense Ratio Comparison
Both IUSA.DE and IBTL.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUSA.DE vs. IBTL.L - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.99%, less than IBTL.L's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.34% | 4.32% | 4.59% | 3.78% | 2.96% | 1.72% | 1.86% | 2.54% | 2.75% | 2.66% | 2.44% | 2.07% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.99% | 1.08% | 1.07% | 1.35% | 1.54% | 1.16% | 1.62% | 1.66% | 2.00% | 2.09% | 1.50% | 1.68% |
Frequently Asked Questions
IUSA.DE and IBTL.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE and IBTL.L have the same expense ratio: 0.07% per year.
IUSA.DE is categorized as S&P 500, while IBTL.L is Government Bonds. IUSA.DE tracks S&P 500 Index, while IBTL.L tracks ICE U.S. Treasury 20+ Year Bond Index.
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