LUTR.L vs. XUT3.L
LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both Government Bonds funds - LUTR.L tracks the Bloomberg US Treasury 10+ Year Index while XUT3.L tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 10 years, LUTR.L returned -0.95%/yr vs 1.74%/yr for XUT3.L. A 0.60 correlation means they provide meaningful diversification when combined. LUTR.L charges 0.15%/yr vs 0.06%/yr for XUT3.L.
Performance
LUTR.L vs. XUT3.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 XUT3.L's 0.54% return. Over the past 10 years, LUTR.L has underperformed XUT3.L with an annualized return of -0.95%, while XUT3.L has yielded a comparatively higher 1.74% 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%
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
LUTR.L vs. XUT3.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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.44% | 0.27% |
Correlation
The correlation between LUTR.L and XUT3.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016 | 0.60 |
The correlation between LUTR.L and XUT3.L has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
LUTR.L vs. XUT3.L — Risk / Return Rank
LUTR.L
XUT3.L
LUTR.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.67 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 5.10 | -4.48 |
| Martin ratioReturn relative to average drawdown | 1.65 | 20.02 | -18.37 |
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 | XUT3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 3.06 | -2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | 0.98 | -1.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 1.16 | -1.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 1.14 | -1.19 |
Drawdowns
LUTR.L vs. XUT3.L - Drawdown Comparison
The maximum LUTR.L drawdown since its inception was -46.52%, which is greater than XUT3.L's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for LUTR.L and XUT3.L.
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Drawdown Indicators
| LUTR.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.52% | -5.45% | -41.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -0.67% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.06% | -0.91% | -16.15% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -5.45% | -34.85% |
Max Drawdown (10Y)Largest decline over 10 years | -46.52% | -5.45% | -41.07% |
Current DrawdownCurrent decline from peak | -37.53% | -0.12% | -37.41% |
Average DrawdownAverage peak-to-trough decline | -20.79% | -0.72% | -20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 0.17% | +2.46% |
Volatility
LUTR.L vs. XUT3.L - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) has a higher volatility of 3.27% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 0.41%. This indicates that LUTR.L's price experiences larger fluctuations and is considered to be riskier than XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 0.41% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 0.80% | +5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 1.13% | +7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 1.90% | +12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 1.50% | +11.77% |
LUTR.L vs. XUT3.L - Expense Ratio Comparison
LUTR.L has a 0.15% expense ratio, which is higher than XUT3.L'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
LUTR.L vs. XUT3.L - Dividend Comparison
LUTR.L's dividend yield for the trailing twelve months is around 4.63%, more than XUT3.L's 2.84% 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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% | 0.00% |
Frequently Asked Questions
LUTR.L and XUT3.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.15% for LUTR.L.
LUTR.L tracks Bloomberg US Treasury 10+ Year Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for LUTR.L and 0.06% for XUT3.L.
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