IUSM.DE vs. ILTB
IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and ILTB (iShares Core 10+ Year USD Bond ETF) are both exchange-traded funds - IUSM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year, while ILTB is a Long-Term Bond fund tracking the Bloomberg U.S. Universal 10+ Year Index (USD). Both are passively managed. Over the past 10 years, IUSM.DE returned 0.29%/yr vs 1.15%/yr for ILTB. A 0.67 correlation means they provide meaningful diversification when combined. IUSM.DE charges 0.07%/yr vs 0.06%/yr for ILTB.
Performance
IUSM.DE vs. ILTB - Performance Comparison
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Different Trading Currencies
IUSM.DE is traded in EUR, while ILTB is traded in USD. To make them comparable, the ILTB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUSM.DE achieves a 0.22% return, which is significantly lower than ILTB's 1.68% return. Over the past 10 years, IUSM.DE has underperformed ILTB with an annualized return of 0.29%, while ILTB has yielded a comparatively higher 1.15% annualized return.
IUSM.DE
- 1D
- 0.13%
- 1M
- 0.34%
- YTD
- 0.22%
- 6M
- -0.62%
- 1Y
- 1.33%
- 3Y*
- -0.48%
- 5Y*
- -0.31%
- 10Y*
- 0.29%
ILTB
- 1D
- 0.10%
- 1M
- 1.42%
- YTD
- 1.68%
- 6M
- 0.09%
- 1Y
- 4.29%
- 3Y*
- 0.20%
- 5Y*
- -1.93%
- 10Y*
- 1.15%
IUSM.DE vs. ILTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.22% | -4.06% | 5.00% | -0.24% | -9.67% | 4.92% | -0.18% | 11.27% | 4.84% | -10.05% |
ILTB iShares Core 10+ Year USD Bond ETF | 1.68% | -5.50% | 3.40% | 4.80% | -22.08% | 4.61% | 6.53% | 22.31% | -0.65% | -2.43% |
Correlation
The correlation between IUSM.DE and ILTB is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2009 | 0.67 |
The correlation between IUSM.DE and ILTB has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
IUSM.DE vs. ILTB — Risk / Return Rank
IUSM.DE
ILTB
IUSM.DE vs. ILTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) and iShares Core 10+ Year USD Bond ETF (ILTB). 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.
| IUSM.DE | ILTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.10 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.79 | -0.49 |
| Martin ratioReturn relative to average drawdown | 0.74 | 1.83 | -1.09 |
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
| IUSM.DE | ILTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.53 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.15 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.09 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.40 | -0.14 |
Drawdowns
IUSM.DE vs. ILTB - Drawdown Comparison
The maximum IUSM.DE drawdown since its inception was -21.40%, smaller than the maximum ILTB drawdown of -30.72%. Use the drawdown chart below to compare losses from any high point for IUSM.DE and ILTB.
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Drawdown Indicators
| IUSM.DE | ILTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.40% | -30.72% | +9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -5.44% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -15.12% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -30.72% | +15.03% |
Max Drawdown (10Y)Largest decline over 10 years | -21.40% | -30.72% | +9.32% |
Current DrawdownCurrent decline from peak | -17.38% | -21.10% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -11.08% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.36% | -0.57% |
Volatility
IUSM.DE vs. ILTB - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) is 1.14%, while iShares Core 10+ Year USD Bond ETF (ILTB) has a volatility of 1.81%. This indicates that IUSM.DE experiences smaller price fluctuations and is considered to be less risky than ILTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSM.DE | ILTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.81% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 6.11% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 8.20% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.96% | 12.90% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 12.27% | -3.94% |
IUSM.DE vs. ILTB - Expense Ratio Comparison
IUSM.DE has a 0.07% expense ratio, which is higher than ILTB'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
IUSM.DE vs. ILTB - Dividend Comparison
IUSM.DE's dividend yield for the trailing twelve months is around 3.72%, less than ILTB's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILTB iShares Core 10+ Year USD Bond ETF | 4.95% | 4.83% | 4.91% | 4.38% | 4.31% | 3.04% | 3.32% | 3.45% | 4.13% | 3.97% | 3.99% | 4.20% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.72% | 3.73% | 3.65% | 2.91% | 1.93% | 0.96% | 1.53% | 2.24% | 2.07% | 1.83% | 1.66% | 1.84% |
Frequently Asked Questions
IUSM.DE and ILTB have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ILTB is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ILTB is cheaper with a 0.06% expense ratio, compared with 0.07% for IUSM.DE.
IUSM.DE is categorized as Government Bonds, while ILTB is Long-Term Bond. IUSM.DE tracks ICE US Treasury 7-10 Year, while ILTB tracks Bloomberg U.S. Universal 10+ Year Index (USD). Their fees differ too: 0.07% for IUSM.DE and 0.06% for ILTB.
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