LUTR.L vs. TRS5.L
LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and TRS5.L (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) are both Government Bonds funds from State Street - LUTR.L tracks the Bloomberg US Treasury 10+ Year Index while TRS5.L tracks the Bloomberg US 3-7 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, LUTR.L returned -0.95%/yr vs 0.83%/yr for TRS5.L. A 0.80 correlation means they provide meaningful diversification when combined. LUTR.L charges 0.15%/yr vs 0.05%/yr for TRS5.L.
Performance
LUTR.L vs. TRS5.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LUTR.L achieves a -0.85% return, which is significantly lower than TRS5.L's -0.40% return. Over the past 10 years, LUTR.L has underperformed TRS5.L with an annualized return of -0.95%, while TRS5.L has yielded a comparatively higher 0.83% annualized return.
LUTR.L
- 1D
- 0.35%
- 1M
- 0.66%
- YTD
- -0.85%
- 6M
- -0.90%
- 1Y
- 4.34%
- 3Y*
- -0.60%
- 5Y*
- -5.20%
- 10Y*
- -0.95%
TRS5.L
- 1D
- 0.18%
- 1M
- -0.11%
- YTD
- -0.40%
- 6M
- -0.08%
- 1Y
- 3.24%
- 3Y*
- 3.66%
- 5Y*
- 0.31%
- 10Y*
- 0.83%
LUTR.L vs. TRS5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | -0.85% | 5.48% | -5.76% | 2.50% | -28.88% | -4.85% | 16.61% | 16.93% | -1.71% | 8.58% |
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | -0.40% | 7.27% | 2.02% | 4.16% | -9.49% | -2.44% | 6.80% | 4.29% | -0.46% | -0.42% |
Correlation
The correlation between LUTR.L and TRS5.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016 | 0.80 |
The correlation between LUTR.L and TRS5.L has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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
LUTR.L vs. TRS5.L — Risk / Return Rank
LUTR.L
TRS5.L
LUTR.L vs. TRS5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) and SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.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.
| LUTR.L | TRS5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.20 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.30 | -0.69 |
| Martin ratioReturn relative to average drawdown | 1.65 | 4.14 | -2.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LUTR.L | TRS5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.11 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | 0.07 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.22 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.22 | -0.28 |
Drawdowns
LUTR.L vs. TRS5.L - Drawdown Comparison
The maximum LUTR.L drawdown since its inception was -46.52%, which is greater than TRS5.L's maximum drawdown of -14.35%. Use the drawdown chart below to compare losses from any high point for LUTR.L and TRS5.L.
Loading charts...
Drawdown Indicators
| LUTR.L | TRS5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.52% | -14.35% | -32.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -2.48% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -17.06% | -3.70% | -13.36% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -13.64% | -26.66% |
Max Drawdown (10Y)Largest decline over 10 years | -46.52% | -14.35% | -32.17% |
Current DrawdownCurrent decline from peak | -37.53% | -1.60% | -35.93% |
Average DrawdownAverage peak-to-trough decline | -20.79% | -4.40% | -16.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.78% | +1.85% |
Volatility
LUTR.L vs. TRS5.L - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) has a higher volatility of 3.27% compared to SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) at 1.15%. This indicates that LUTR.L's price experiences larger fluctuations and is considered to be riskier than TRS5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LUTR.L | TRS5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.15% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 2.14% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 2.91% | +5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 4.71% | +9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 3.81% | +9.46% |
LUTR.L vs. TRS5.L - Expense Ratio Comparison
LUTR.L has a 0.15% expense ratio, which is higher than TRS5.L's 0.05% 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
LUTR.L vs. TRS5.L - Dividend Comparison
LUTR.L's dividend yield for the trailing twelve months is around 4.63%, more than TRS5.L's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.63% | 4.40% | 4.22% | 3.13% | 2.56% | 1.72% | 1.91% | 3.60% | 2.49% | 2.61% | 1.14% |
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.93% | 3.68% | 3.24% | 1.97% | 1.12% | 0.98% | 1.66% | 1.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LUTR.L and TRS5.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRS5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRS5.L is cheaper with a 0.05% expense ratio, compared with 0.15% for LUTR.L.
LUTR.L tracks Bloomberg US Treasury 10+ Year Index, while TRS5.L tracks Bloomberg US 3-7 Year Treasury Bond Index. Their fees differ too: 0.15% for LUTR.L and 0.05% for TRS5.L.
Find the right allocation for LUTR.L and TRS5.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