MUNI.L vs. XT01.L
Compare and contrast key facts about Invesco US Municipal Bond UCITS ETF Dist (MUNI.L) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L).
MUNI.L and XT01.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUNI.L is a passively managed fund by Invesco that tracks the performance of the ICE BofA US Taxable Municipal Securities Plus Index. It was launched on Feb 10, 2021. XT01.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg US Government TR USD. It was launched on Sep 3, 2020. Both MUNI.L and XT01.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MUNI.L vs. XT01.L - Performance Comparison
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MUNI.L vs. XT01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MUNI.L Invesco US Municipal Bond UCITS ETF Dist | 0.35% | 7.41% | 1.23% | 8.01% | -19.08% | 2.68% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.68% | 4.54% | 5.13% | 4.49% | 0.82% | 0.43% |
Different Trading Currencies
MUNI.L is traded in USD, while XT01.L is traded in GBP. To make them comparable, the XT01.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MUNI.L achieves a 0.35% return, which is significantly lower than XT01.L's 0.68% return.
MUNI.L
- 1D
- 0.31%
- 1M
- -2.12%
- YTD
- 0.35%
- 6M
- 1.68%
- 1Y
- 4.74%
- 3Y*
- 4.31%
- 5Y*
- -0.05%
- 10Y*
- —
XT01.L
- 1D
- -0.19%
- 1M
- -0.11%
- YTD
- 0.68%
- 6M
- 1.71%
- 1Y
- 3.91%
- 3Y*
- 4.80%
- 5Y*
- 3.21%
- 10Y*
- —
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MUNI.L vs. XT01.L - Expense Ratio Comparison
MUNI.L has a 0.28% expense ratio, which is higher than XT01.L's 0.07% expense ratio.
Return for Risk
MUNI.L vs. XT01.L — Risk / Return Rank
MUNI.L
XT01.L
MUNI.L vs. XT01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Municipal Bond UCITS ETF Dist (MUNI.L) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| MUNI.L | XT01.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 0.96 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.45 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.17 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 4.19 | -2.46 |
Martin ratioReturn relative to average drawdown | 4.91 | 12.70 | -7.79 |
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
| MUNI.L | XT01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 0.96 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.68 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.63 | -0.73 |
Correlation
The correlation between MUNI.L and XT01.L is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MUNI.L vs. XT01.L - Dividend Comparison
MUNI.L's dividend yield for the trailing twelve months is around 4.56%, while XT01.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MUNI.L Invesco US Municipal Bond UCITS ETF Dist | 4.56% | 4.52% | 4.60% | 4.09% | 3.19% | 2.01% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MUNI.L vs. XT01.L - Drawdown Comparison
The maximum MUNI.L drawdown since its inception was -23.73%, which is greater than XT01.L's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for MUNI.L and XT01.L.
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Drawdown Indicators
| MUNI.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -15.31% | -8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -6.43% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | -15.31% | -8.42% |
Current DrawdownCurrent decline from peak | -5.98% | -5.41% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -7.33% | -4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.47% | -0.67% |
Volatility
MUNI.L vs. XT01.L - Volatility Comparison
Invesco US Municipal Bond UCITS ETF Dist (MUNI.L) has a higher volatility of 1.81% compared to Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) at 1.67%. This indicates that MUNI.L's price experiences larger fluctuations and is considered to be riskier than XT01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUNI.L | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.67% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.99% | 4.05% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 4.69% | +10.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 4.71% | +10.20% |