J13U.L vs. IBTA.L

Last updated Jun 26, 2026

J13U.L (JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc)) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both Government Bonds funds - J13U.L tracks the J.P. Morgan Government Bond US 1-3 Index while IBTA.L tracks the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, J13U.L returned 2.91%/yr vs 2.95%/yr for IBTA.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.

Performance

J13U.L vs. IBTA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) (J13U.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

J13U.L is traded in GBP, while IBTA.L is traded in USD. To make them comparable, the IBTA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, J13U.L achieves a 2.46% return, which is significantly lower than IBTA.L's 2.61% return.

J13U.L

• 1D: -0.25%
• 1M: 2.02%
• YTD: 2.46%
• 6M: 3.07%
• 1Y: 6.29%
• 3Y*: 2.93%
• 5Y*: 2.91%
• 10Y*: —

IBTA.L

• 1D: -0.22%
• 1M: 2.24%
• YTD: 2.61%
• 6M: 3.21%
• 1Y: 6.74%
• 3Y*: 3.03%
• 5Y*: 2.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

J13U.L vs. IBTA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
J13U.L JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc)	2.46%	-2.00%	5.73%	-1.66%	7.69%	0.64%	-0.32%	0.42%	-20.60%
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)	2.61%	-2.17%	5.89%	-1.00%	7.69%	0.30%	0.11%	-0.32%	6.73%

Correlation

The correlation between J13U.L and IBTA.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018	0.78

The correlation between J13U.L and IBTA.L has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

Return for Risk

J13U.L vs. IBTA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

J13U.L

J13U.L Risk / Return Rank: 29
J13U.L Sharpe Ratio Rank: 30
J13U.L Sortino Ratio Rank: 30
J13U.L Omega Ratio Rank: 27
J13U.L Calmar Ratio Rank: 30
J13U.L Martin Ratio Rank: 27

IBTA.L

IBTA.L Risk / Return Rank: 84
IBTA.L Sharpe Ratio Rank: 71
IBTA.L Sortino Ratio Rank: 82
IBTA.L Omega Ratio Rank: 93
IBTA.L Calmar Ratio Rank: 89
IBTA.L Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

J13U.L vs. IBTA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) (J13U.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.

	J13U.L	IBTA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.03	-0.02
Sortino ratio: Return per unit of downside risk	1.53	1.52	+0.01
Omega ratio: Gain probability vs. loss probability	1.18	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	1.39	1.26	+0.13
Martin ratio: Return relative to average drawdown	3.49	3.46	+0.03

J13U.L vs. IBTA.L - Sharpe Ratio Comparison

The current J13U.L Sharpe Ratio is 1.02, which is comparable to the IBTA.L Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of J13U.L and IBTA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

J13U.L vs. IBTA.L - Drawdown Comparison

The maximum J13U.L drawdown since its inception was -24.49%, which is greater than IBTA.L's maximum drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for J13U.L and IBTA.L.

Drawdown Indicators

	J13U.L	IBTA.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.49%	-18.45%	-6.04%
Max Drawdown (1Y) Largest decline over 1 year	-4.52%	-5.34%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-21.14%	-9.28%	-11.86%
Max Drawdown (5Y) Largest decline over 5 years	-21.14%	-16.66%	-4.48%
Current Drawdown Current decline from peak	-15.45%	-6.21%	-9.24%
Average Drawdown Average peak-to-trough decline	-17.55%	-8.99%	-8.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	1.94%	-0.14%

Volatility

J13U.L vs. IBTA.L - Volatility Comparison

JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) (J13U.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) have volatilities of 1.53% and 1.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	J13U.L	IBTA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	1.59%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	4.51%	5.00%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	6.16%	6.51%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	8.28%	+7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	8.54%	+7.35%

J13U.L vs. IBTA.L - Expense Ratio Comparison

Both J13U.L and IBTA.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

J13U.L vs. IBTA.L - Dividend Comparison

Neither J13U.L nor IBTA.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
J13U.L JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.95%

Frequently Asked Questions

Can I hold both J13U.L and IBTA.L in my portfolio?

J13U.L and IBTA.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, J13U.L or IBTA.L?

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, J13U.L or IBTA.L?

J13U.L and IBTA.L have the same expense ratio: 0.07% per year.

What is the main difference between J13U.L and IBTA.L?

J13U.L tracks J.P. Morgan Government Bond US 1-3 Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: JPMorgan and iShares.