MINV.L vs. IBTS.L
MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) are both exchange-traded funds - MINV.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IBTS.L is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 10 years, MINV.L returned 7.80%/yr vs 2.25%/yr for IBTS.L. At a 0.42 correlation, their price movements are largely independent. MINV.L charges 0.35%/yr vs 0.07%/yr for IBTS.L.
Performance
MINV.L vs. IBTS.L - Performance Comparison
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Different Trading Currencies
MINV.L is traded in GBp, while IBTS.L is traded in GBP. To make them comparable, the IBTS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MINV.L achieves a 1.59% return, which is significantly higher than IBTS.L's 0.78% return. Over the past 10 years, MINV.L has outperformed IBTS.L with an annualized return of 7.80%, while IBTS.L has yielded a comparatively lower 2.25% annualized return.
MINV.L
- 1D
- -0.04%
- 1M
- 2.74%
- YTD
- 1.59%
- 6M
- 1.65%
- 1Y
- 3.70%
- 3Y*
- 7.14%
- 5Y*
- 6.21%
- 10Y*
- 7.80%
IBTS.L
- 1D
- -0.49%
- 1M
- 0.97%
- YTD
- 0.78%
- 6M
- 0.39%
- 1Y
- 4.68%
- 3Y*
- 2.11%
- 5Y*
- 2.90%
- 10Y*
- 2.25%
MINV.L vs. IBTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 1.59% | 3.37% | 12.86% | 1.50% | 1.23% | 15.98% | -1.05% | 18.84% | 3.17% | 7.00% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.78% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 0.37% | 7.22% | -8.60% |
Correlation
The correlation between MINV.L and IBTS.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.42 |
The correlation between MINV.L and IBTS.L shifts across timeframes, from 0.31 (5 years) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MINV.L vs. IBTS.L — Risk / Return Rank
MINV.L
IBTS.L
MINV.L vs. IBTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.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.
| MINV.L | IBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.13 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.03 | -0.45 |
| Martin ratioReturn relative to average drawdown | 1.55 | 2.62 | -1.06 |
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Drawdowns
MINV.L vs. IBTS.L - Drawdown Comparison
The maximum MINV.L drawdown since its inception was -39.64%, smaller than the maximum IBTS.L drawdown of -45.91%. Use the drawdown chart below to compare losses from any high point for MINV.L and IBTS.L.
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Drawdown Indicators
| MINV.L | IBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -45.91% | +6.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -4.51% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -8.89% | -11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -16.29% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -20.38% | -19.02% | -1.36% |
Current DrawdownCurrent decline from peak | -3.04% | -7.40% | +4.36% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -11.02% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.79% | +0.59% |
Volatility
MINV.L vs. IBTS.L - Volatility Comparison
iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) has a higher volatility of 2.48% compared to iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) at 1.63%. This indicates that MINV.L's price experiences larger fluctuations and is considered to be riskier than IBTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINV.L | IBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.48% | 1.63% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 4.42% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 6.11% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.97% | 8.09% | +8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 9.24% | +6.15% |
MINV.L vs. IBTS.L - Expense Ratio Comparison
MINV.L has a 0.35% expense ratio, which is higher than IBTS.L's 0.07% expense ratio.
Dividends
MINV.L vs. IBTS.L - Dividend Comparison
MINV.L has not paid dividends to shareholders, while IBTS.L's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.99% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 0.00% | 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
MINV.L and IBTS.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTS.L is cheaper with a 0.07% expense ratio, compared with 0.35% for MINV.L.
MINV.L is categorized as Global Equities, while IBTS.L is Government Bonds. MINV.L tracks MSCI ACWI NR USD, while IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index. Their fees differ too: 0.35% for MINV.L and 0.07% for IBTS.L.
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