T3GB.L vs. IGDA.L

Last updated Jul 16, 2026

T3GB.L (Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - T3GB.L is a Government Bonds fund tracking the Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, T3GB.L returned 4.01%/yr vs 16.95%/yr for IGDA.L. At a correlation of -0.06, they often move in opposite directions. T3GB.L charges 0.10%/yr vs 0.40%/yr for IGDA.L.

Performance

T3GB.L vs. IGDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist (T3GB.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

T3GB.L is traded in GBp, while IGDA.L is traded in USD. To make them comparable, the IGDA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, T3GB.L achieves a 0.73% return, which is significantly lower than IGDA.L's 11.80% return.

T3GB.L

• 1D: 0.08%
• 1M: 0.14%
• 6M: 0.68%
• YTD: 0.73%
• 1Y: 3.20%
• 3Y*: 4.01%
• 5Y*: 1.45%
• 10Y*: —

IGDA.L

• 1D: -1.26%
• 1M: -2.65%
• 6M: 10.16%
• YTD: 11.80%
• 1Y: 24.60%
• 3Y*: 16.95%
• 5Y*: —
• 10Y*: —

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

T3GB.L vs. IGDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
T3GB.L Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist	0.73%	4.94%	3.79%	3.35%	-4.28%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	11.80%	10.30%	20.00%	23.22%	-11.19%

Correlation

The correlation between T3GB.L and IGDA.L is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022	-0.06

The correlation between T3GB.L and IGDA.L shifts across timeframes, from -0.06 (all time) to 0.05 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

T3GB.L vs. IGDA.L — Risk / Return Rank

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

T3GB.L

T3GB.L Risk / Return Rank: 93
T3GB.L Sharpe Ratio Rank: 93
T3GB.L Sortino Ratio Rank: 95
T3GB.L Omega Ratio Rank: 94
T3GB.L Calmar Ratio Rank: 90
T3GB.L Martin Ratio Rank: 91

IGDA.L

IGDA.L Risk / Return Rank: 67
IGDA.L Sharpe Ratio Rank: 67
IGDA.L Sortino Ratio Rank: 70
IGDA.L Omega Ratio Rank: 63
IGDA.L Calmar Ratio Rank: 66
IGDA.L Martin Ratio Rank: 69

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.

T3GB.L vs. IGDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist (T3GB.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

	T3GB.L	IGDA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.66	1.69	+0.97
Sortino ratio: Return per unit of downside risk	4.29	2.39	+1.91
Omega ratio: Gain probability vs. loss probability	1.55	1.30	+0.25
Calmar ratio: Return relative to maximum drawdown	4.45	3.40	+1.05
Martin ratio: Return relative to average drawdown	16.64	11.11	+5.53

T3GB.L vs. IGDA.L - Sharpe Ratio Comparison

The current T3GB.L Sharpe Ratio is 2.66, which is higher than the IGDA.L Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of T3GB.L and IGDA.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

T3GB.L vs. IGDA.L - Drawdown Comparison

The maximum T3GB.L drawdown since its inception was -6.48%, smaller than the maximum IGDA.L drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for T3GB.L and IGDA.L.

Drawdown Indicators

	T3GB.L	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.48%	-22.43%	+15.95%
Max Drawdown (1Y) Largest decline over 1 year	-0.72%	-7.19%	+6.47%
Max Drawdown (3Y) Largest decline over 3 years	-0.91%	-22.43%	+21.52%
Max Drawdown (5Y) Largest decline over 5 years	-6.38%	—	—
Current Drawdown Current decline from peak	0.00%	-3.99%	+3.99%
Average Drawdown Average peak-to-trough decline	-1.53%	-4.18%	+2.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.19%	2.21%	-2.02%

Volatility

T3GB.L vs. IGDA.L - Volatility Comparison

The current volatility for Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist (T3GB.L) is 0.35%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.39%. This indicates that T3GB.L experiences smaller price fluctuations and is considered to be less risky than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	T3GB.L	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	4.39%	-4.04%
Volatility (6M) Calculated over the trailing 6-month period	0.87%	11.43%	-10.56%
Volatility (1Y) Calculated over the trailing 1-year period	1.20%	14.50%	-13.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.03%	16.59%	-14.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.81%	16.59%	-14.78%

T3GB.L vs. IGDA.L - Expense Ratio Comparison

T3GB.L has a 0.10% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.

Dividends

T3GB.L vs. IGDA.L - Dividend Comparison

T3GB.L's dividend yield for the trailing twelve months is around 3.84%, while IGDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
T3GB.L Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist	3.84%	3.95%	4.36%	4.05%	1.98%	0.28%	1.15%	0.81%

Frequently Asked Questions

Can I hold both T3GB.L and IGDA.L in my portfolio?

T3GB.L and IGDA.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, T3GB.L or IGDA.L?

On fees, T3GB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, T3GB.L or IGDA.L?

T3GB.L is cheaper with a 0.10% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between T3GB.L and IGDA.L?

T3GB.L is categorized as Government Bonds, while IGDA.L is Global Equities. T3GB.L tracks Invesco US Treasury Bond 1-3 Year UCITS ETF GBP Hdg Dist, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.10% for T3GB.L and 0.40% for IGDA.L.