RTYS.L vs. IBTA.L
RTYS.L (Invesco Russell 2000 UCITS ETF) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - RTYS.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, RTYS.L returned 5.95%/yr vs 1.84%/yr for IBTA.L. At a correlation of -0.04, they often move in opposite directions. RTYS.L charges 0.25%/yr vs 0.07%/yr for IBTA.L.
Performance
RTYS.L vs. IBTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, RTYS.L achieves a 16.53% return, which is significantly higher than IBTA.L's 0.32% return.
RTYS.L
- 1D
- -1.07%
- 1M
- 3.46%
- YTD
- 16.53%
- 6M
- 16.96%
- 1Y
- 39.75%
- 3Y*
- 18.26%
- 5Y*
- 5.95%
- 10Y*
- 10.67%
IBTA.L
- 1D
- -0.10%
- 1M
- -0.03%
- YTD
- 0.32%
- 6M
- 0.82%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.84%
- 10Y*
- —
RTYS.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTYS.L Invesco Russell 2000 UCITS ETF | 16.53% | 12.51% | 10.09% | 18.90% | -21.01% | 13.97% | 19.89% | 24.61% | -12.53% | 15.42% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.32% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 3.58% | 1.44% | -0.05% |
Correlation
The correlation between RTYS.L and IBTA.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | -0.04 |
The correlation between RTYS.L and IBTA.L shifts across timeframes, from -0.04 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RTYS.L vs. IBTA.L — Risk / Return Rank
RTYS.L
IBTA.L
RTYS.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 UCITS ETF (RTYS.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| RTYS.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.59 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 4.65 | -0.91 |
| Martin ratioReturn relative to average drawdown | 12.22 | 17.57 | -5.35 |
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
| RTYS.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.82 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.92 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 1.08 | -0.53 |
Drawdowns
RTYS.L vs. IBTA.L - Drawdown Comparison
The maximum RTYS.L drawdown since its inception was -42.15%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for RTYS.L and IBTA.L.
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Drawdown Indicators
| RTYS.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -5.80% | -36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -0.74% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -28.71% | -0.89% | -27.82% |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | -5.70% | -26.27% |
Max Drawdown (10Y)Largest decline over 10 years | -42.15% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -0.27% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -9.15% | -0.97% | -8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 0.20% | +3.04% |
Volatility
RTYS.L vs. IBTA.L - Volatility Comparison
Invesco Russell 2000 UCITS ETF (RTYS.L) has a higher volatility of 6.29% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.41%. This indicates that RTYS.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTYS.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 0.41% | +5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.46% | 0.85% | +12.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.68% | 1.22% | +17.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.27% | 2.00% | +20.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 1.76% | +20.40% |
RTYS.L vs. IBTA.L - Expense Ratio Comparison
RTYS.L has a 0.25% expense ratio, which is higher than IBTA.L's 0.07% 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
RTYS.L vs. IBTA.L - Dividend Comparison
Neither RTYS.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
RTYS.L and IBTA.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.25% for RTYS.L.
RTYS.L is categorized as Small Cap Blend Equities, while IBTA.L is Government Bonds. RTYS.L tracks Russell 2000 TR USD, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for RTYS.L and 0.07% for IBTA.L.
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