LUTR.L vs. VDTA.L
LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - LUTR.L tracks the Bloomberg US Treasury 10+ Year Index while VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index. Both are passively managed. Over the past 5 years, LUTR.L returned -5.27%/yr vs -0.45%/yr for VDTA.L. Their correlation of 0.93 suggests significant overlap in exposure. LUTR.L charges 0.15%/yr vs 0.05%/yr for VDTA.L.
Performance
LUTR.L vs. VDTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUTR.L achieves a -1.19% return, which is significantly lower than VDTA.L's -0.43% return.
LUTR.L
- 1D
- -0.47%
- 1M
- -0.07%
- YTD
- -1.19%
- 6M
- -1.45%
- 1Y
- 4.97%
- 3Y*
- -0.81%
- 5Y*
- -5.27%
- 10Y*
- -1.02%
VDTA.L
- 1D
- -0.18%
- 1M
- -0.25%
- YTD
- -0.43%
- 6M
- -0.20%
- 1Y
- 3.59%
- 3Y*
- 2.74%
- 5Y*
- -0.45%
- 10Y*
- —
LUTR.L vs. VDTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | -1.19% | 5.48% | -5.76% | 2.50% | -28.88% | -4.85% | 16.61% | 15.11% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.43% | 6.25% | 0.93% | 3.71% | -12.37% | -2.33% | 7.64% | 6.63% |
Correlation
The correlation between LUTR.L and VDTA.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.93 |
The correlation between LUTR.L and VDTA.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
LUTR.L vs. VDTA.L — Risk / Return Rank
LUTR.L
VDTA.L
LUTR.L vs. VDTA.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.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 | VDTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.18 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 1.23 | -0.52 |
| Martin ratioReturn relative to average drawdown | 1.89 | 3.81 | -1.92 |
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
| LUTR.L | VDTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.02 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.08 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.22 | -0.28 |
Drawdowns
LUTR.L vs. VDTA.L - Drawdown Comparison
The maximum LUTR.L drawdown since its inception was -46.52%, which is greater than VDTA.L's maximum drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for LUTR.L and VDTA.L.
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Drawdown Indicators
| LUTR.L | VDTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.52% | -18.82% | -27.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -2.90% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.06% | -5.15% | -11.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -16.41% | -23.89% |
Max Drawdown (10Y)Largest decline over 10 years | -46.52% | — | — |
Current DrawdownCurrent decline from peak | -37.75% | -7.17% | -30.58% |
Average DrawdownAverage peak-to-trough decline | -20.79% | -8.11% | -12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 0.94% | +1.68% |
Volatility
LUTR.L vs. VDTA.L - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) has a higher volatility of 3.27% compared to Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) at 1.37%. This indicates that LUTR.L's price experiences larger fluctuations and is considered to be riskier than VDTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUTR.L | VDTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.37% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 2.56% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 3.51% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 5.57% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 5.35% | +7.92% |
LUTR.L vs. VDTA.L - Expense Ratio Comparison
LUTR.L has a 0.15% expense ratio, which is higher than VDTA.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. VDTA.L - Dividend Comparison
LUTR.L's dividend yield for the trailing twelve months is around 4.64%, while VDTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.64% | 4.40% | 4.22% | 3.13% | 2.56% | 1.72% | 1.91% | 3.60% | 2.49% | 2.61% | 1.14% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, LUTR.L and VDTA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VDTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDTA.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 VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for LUTR.L and 0.05% for VDTA.L.
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