LUTR.L vs. VDTY.L
LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and VDTY.L (Vanguard USD Treasury Bond UCITS ETF) are both Government Bonds funds - LUTR.L tracks the Bloomberg US Treasury 10+ Year Index while VDTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, LUTR.L returned -0.95%/yr vs 0.95%/yr for VDTY.L. Their correlation of 0.94 suggests significant overlap in exposure. LUTR.L charges 0.15%/yr vs 0.05%/yr for VDTY.L.
Performance
LUTR.L vs. VDTY.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUTR.L achieves a -0.85% return, which is significantly lower than VDTY.L's -0.23% return. Over the past 10 years, LUTR.L has underperformed VDTY.L with an annualized return of -0.95%, while VDTY.L has yielded a comparatively higher 0.95% 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%
VDTY.L
- 1D
- 0.24%
- 1M
- 0.17%
- YTD
- -0.23%
- 6M
- 0.04%
- 1Y
- 3.47%
- 3Y*
- 2.95%
- 5Y*
- -0.36%
- 10Y*
- 0.95%
LUTR.L vs. VDTY.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% |
VDTY.L Vanguard USD Treasury Bond UCITS ETF | -0.23% | 6.26% | 1.10% | 3.77% | -12.32% | -2.40% | 7.68% | 7.08% | 0.80% | 2.32% |
Correlation
The correlation between LUTR.L and VDTY.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.94 |
The correlation between LUTR.L and VDTY.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
LUTR.L vs. VDTY.L — Risk / Return Rank
LUTR.L
VDTY.L
LUTR.L vs. VDTY.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 (VDTY.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 | VDTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.16 | -0.55 |
| Martin ratioReturn relative to average drawdown | 1.65 | 3.67 | -2.02 |
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 | VDTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.97 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | -0.07 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.20 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.20 | -0.25 |
Drawdowns
LUTR.L vs. VDTY.L - Drawdown Comparison
The maximum LUTR.L drawdown since its inception was -46.52%, which is greater than VDTY.L's maximum drawdown of -18.99%. Use the drawdown chart below to compare losses from any high point for LUTR.L and VDTY.L.
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Drawdown Indicators
| LUTR.L | VDTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.52% | -18.99% | -27.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -2.97% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.06% | -5.35% | -11.71% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -16.60% | -23.70% |
Max Drawdown (10Y)Largest decline over 10 years | -46.52% | -18.99% | -27.53% |
Current DrawdownCurrent decline from peak | -37.53% | -6.76% | -30.77% |
Average DrawdownAverage peak-to-trough decline | -20.79% | -6.62% | -14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.94% | +1.69% |
Volatility
LUTR.L vs. VDTY.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 (VDTY.L) at 1.42%. This indicates that LUTR.L's price experiences larger fluctuations and is considered to be riskier than VDTY.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 | VDTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.42% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 2.50% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 3.58% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 5.54% | +8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 4.86% | +8.41% |
LUTR.L vs. VDTY.L - Expense Ratio Comparison
LUTR.L has a 0.15% expense ratio, which is higher than VDTY.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. VDTY.L - Dividend Comparison
LUTR.L's dividend yield for the trailing twelve months is around 4.63%, more than VDTY.L's 4.25% 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% |
VDTY.L Vanguard USD Treasury Bond UCITS ETF | 4.25% | 4.29% | 4.31% | 3.40% | 2.09% | 1.21% | 1.54% | 2.34% | 2.33% | 1.57% | 0.99% |
Frequently Asked Questions
With a correlation of 0.93, LUTR.L and VDTY.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, VDTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDTY.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 VDTY.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 VDTY.L.
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