TFRN.L vs. IBTM.L
TFRN.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc) and IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both Government Bonds funds - TFRN.L tracks the Bloomberg US Treasury Floating Rate Bond Index while IBTM.L tracks the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 5 years, TFRN.L returned 3.60%/yr vs -0.08%/yr for IBTM.L. At a correlation of -0.01, they often move in opposite directions. TFRN.L charges 0.15%/yr vs 0.07%/yr for IBTM.L.
Performance
TFRN.L vs. IBTM.L - Performance Comparison
Loading charts...
Different Trading Currencies
TFRN.L is traded in USD, while IBTM.L is traded in GBP. To make them comparable, the IBTM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TFRN.L achieves a 1.58% return, which is significantly higher than IBTM.L's -0.33% return.
TFRN.L
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 3.85%
- 3Y*
- 4.69%
- 5Y*
- 3.60%
- 10Y*
- —
IBTM.L
- 1D
- -0.37%
- 1M
- 0.53%
- YTD
- -0.33%
- 6M
- -0.03%
- 1Y
- 5.07%
- 3Y*
- 3.82%
- 5Y*
- -0.08%
- 10Y*
- 1.50%
TFRN.L vs. IBTM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TFRN.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc | 1.58% | 4.11% | 5.44% | 4.93% | 2.04% | -0.15% | 0.57% | 1.48% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.33% | 9.99% | 0.85% | 3.70% | -14.60% | -2.24% | 9.71% | 7.03% |
Correlation
The correlation between TFRN.L and IBTM.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TFRN.L vs. IBTM.L — Risk / Return Rank
TFRN.L
IBTM.L
TFRN.L vs. IBTM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.L) and iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.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.
| TFRN.L | IBTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.17 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 1.33 | +2.63 |
| Martin ratioReturn relative to average drawdown | 34.35 | 4.24 | +30.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TFRN.L | IBTM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 0.97 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.40 | -0.01 | +2.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.47 | 0.52 | +0.95 |
Drawdowns
TFRN.L vs. IBTM.L - Drawdown Comparison
The maximum TFRN.L drawdown since its inception was -3.10%, smaller than the maximum IBTM.L drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for TFRN.L and IBTM.L.
Loading charts...
Drawdown Indicators
| TFRN.L | IBTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.10% | -22.58% | +19.48% |
Max Drawdown (1Y)Largest decline over 1 year | -0.97% | -4.18% | +3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -7.61% | +6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -0.97% | -20.39% | +19.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.58% | — |
Current DrawdownCurrent decline from peak | -0.12% | -6.39% | +6.27% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -5.60% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 1.32% | -1.21% |
Volatility
TFRN.L vs. IBTM.L - Volatility Comparison
The current volatility for WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.L) is 0.50%, while iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) has a volatility of 2.07%. This indicates that TFRN.L experiences smaller price fluctuations and is considered to be less risky than IBTM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TFRN.L | IBTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 2.07% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 4.18% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 5.76% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.50% | 8.55% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.89% | 7.86% | -5.97% |
TFRN.L vs. IBTM.L - Expense Ratio Comparison
TFRN.L has a 0.15% expense ratio, which is higher than IBTM.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
TFRN.L vs. IBTM.L - Dividend Comparison
TFRN.L has not paid dividends to shareholders, while IBTM.L's dividend yield for the trailing twelve months is around 5.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 5.82% | 5.55% | 5.00% | 3.93% | 2.34% | 1.57% | 2.13% | 3.25% | 3.07% | 2.64% | 2.40% | 3.01% |
TFRN.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc | 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
TFRN.L and IBTM.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTM.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM.L is cheaper with a 0.07% expense ratio, compared with 0.15% for TFRN.L.
TFRN.L tracks Bloomberg US Treasury Floating Rate Bond Index, while IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for TFRN.L and 0.07% for IBTM.L.
Find the right allocation for TFRN.L and IBTM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer