QUID.L vs. XT01.L

Last updated Jul 18, 2026

QUID.L (PIMCO Sterling Short Maturity UCITS ETF GBP (Dist)) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both exchange-traded funds - QUID.L is a Ultrashort Bond fund actively managed by PIMCO, while XT01.L is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index. QUID.L is actively managed, while XT01.L is passively managed. Over the past 5 years, QUID.L returned 3.26%/yr vs 3.95%/yr for XT01.L. At a correlation of -0.04, they often move in opposite directions. QUID.L charges 0.19%/yr vs 0.06%/yr for XT01.L.

Performance

QUID.L vs. XT01.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.L) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QUID.L achieves a 2.08% return, which is significantly higher than XT01.L's 1.86% return.

QUID.L

• 1D: -0.02%
• 1M: 0.31%
• 6M: 1.83%
• YTD: 2.08%
• 1Y: 4.24%
• 3Y*: 5.08%
• 5Y*: 3.26%
• 10Y*: 1.99%

XT01.L

• 1D: 0.23%
• 1M: -0.15%
• 6M: 1.20%
• YTD: 1.86%
• 1Y: 3.53%
• 3Y*: 3.64%
• 5Y*: 3.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QUID.L vs. XT01.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist)	2.08%	4.89%	5.67%	4.95%	-0.96%	-0.07%	0.25%
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C	1.86%	-2.79%	6.91%	-0.75%	12.89%	1.36%	-4.63%

Correlation

The correlation between QUID.L and XT01.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020	-0.04

Return for Risk

QUID.L vs. XT01.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QUID.L

QUID.L Risk / Return Rank: 99
QUID.L Sharpe Ratio Rank: 99
QUID.L Sortino Ratio Rank: 99
QUID.L Omega Ratio Rank: 99
QUID.L Calmar Ratio Rank: 98
QUID.L Martin Ratio Rank: 99

XT01.L

XT01.L Risk / Return Rank: 21
XT01.L Sharpe Ratio Rank: 21
XT01.L Sortino Ratio Rank: 19
XT01.L Omega Ratio Rank: 18
XT01.L Calmar Ratio Rank: 22
XT01.L Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QUID.L vs. XT01.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.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.

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.

	QUID.L	XT01.L	Difference
Sharpe ratio: Return per unit of total volatility	5.81	0.55	+5.26
Sortino ratio: Return per unit of downside risk	10.39	0.85	+9.55
Omega ratio: Gain probability vs. loss probability	2.71	1.10	+1.62
Calmar ratio: Return relative to maximum drawdown	9.44	0.79	+8.65
Martin ratio: Return relative to average drawdown	75.59	1.96	+73.63

QUID.L vs. XT01.L - Sharpe Ratio Comparison

The current QUID.L Sharpe Ratio is 5.81, which is higher than the XT01.L Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of QUID.L and XT01.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QUID.L vs. XT01.L - Drawdown Comparison

The maximum QUID.L drawdown since its inception was -2.47%, smaller than the maximum XT01.L drawdown of -15.30%. Use the drawdown chart below to compare losses from any high point for QUID.L and XT01.L.

Drawdown Indicators

	QUID.L	XT01.L	Difference
Max Drawdown Largest peak-to-trough decline	-2.47%	-15.30%	+12.83%
Max Drawdown (1Y) Largest decline over 1 year	-0.45%	-4.47%	+4.02%
Max Drawdown (3Y) Largest decline over 3 years	-0.45%	-9.74%	+9.29%
Max Drawdown (5Y) Largest decline over 5 years	-2.47%	-15.30%	+12.83%
Max Drawdown (10Y) Largest decline over 10 years	-2.47%	—	—
Current Drawdown Current decline from peak	-0.02%	-5.37%	+5.35%
Average Drawdown Average peak-to-trough decline	-0.21%	-7.24%	+7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.06%	1.80%	-1.74%

Volatility

QUID.L vs. XT01.L - Volatility Comparison

The current volatility for PIMCO Sterling Short Maturity UCITS ETF GBP (Dist) (QUID.L) is 0.17%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.26%. This indicates that QUID.L experiences smaller price fluctuations and is considered to be less risky than XT01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QUID.L	XT01.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.17%	1.26%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	0.64%	4.72%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	6.37%	-5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.74%	8.35%	-7.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.62%	8.30%	-7.68%

QUID.L vs. XT01.L - Expense Ratio Comparison

QUID.L has a 0.19% expense ratio, which is higher than XT01.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

QUID.L vs. XT01.L - Dividend Comparison

QUID.L's dividend yield for the trailing twelve months is around 3.84%, while XT01.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QUID.L PIMCO Sterling Short Maturity UCITS ETF GBP (Dist)	3.84%	4.19%	4.67%	3.69%	0.66%	0.08%	0.31%	0.73%	0.52%	0.33%	0.59%	0.55%
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C	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

Can I hold both QUID.L and XT01.L in my portfolio?

QUID.L and XT01.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QUID.L or XT01.L?

On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QUID.L or XT01.L?

XT01.L is cheaper with a 0.06% expense ratio, compared with 0.19% for QUID.L.

What is the main difference between QUID.L and XT01.L?

QUID.L is categorized as Ultrashort Bond, while XT01.L is Government Bonds. They also come from different issuers: PIMCO and Xtrackers. Their fees differ too: 0.19% for QUID.L and 0.06% for XT01.L.