TIGB.L vs. CU31.L
TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) and CU31.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index, while CU31.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 3 years, TIGB.L returned 4.48%/yr vs 1.49%/yr for CU31.L. At a correlation of -0.01, they often move in opposite directions. TIGB.L charges 0.10%/yr vs 0.07%/yr for CU31.L.
Performance
TIGB.L vs. CU31.L - Performance Comparison
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Returns By Period
In the year-to-date period, TIGB.L achieves a 1.42% return, which is significantly higher than CU31.L's 0.66% return.
TIGB.L
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.78%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
CU31.L
- 1D
- 0.11%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.30%
- 1Y
- 4.42%
- 3Y*
- 1.49%
- 5Y*
- 2.92%
- 10Y*
- 2.48%
TIGB.L vs. CU31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 1.42% | 4.10% | 4.94% | 4.27% | 0.03% |
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.66% | -1.98% | 5.81% | -1.58% | 9.26% |
Correlation
The correlation between TIGB.L and CU31.L is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | -0.01 |
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Return for Risk
TIGB.L vs. CU31.L — Risk / Return Rank
TIGB.L
CU31.L
TIGB.L vs. CU31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.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.
| TIGB.L | CU31.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.97 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.12 | +1.22 |
| Calmar ratioReturn relative to maximum drawdown | 12.51 | 0.97 | +11.54 |
| Martin ratioReturn relative to average drawdown | 73.64 | 2.47 | +71.16 |
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
| TIGB.L | CU31.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.87 | 0.72 | +3.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.48 | 0.28 | +5.20 |
Drawdowns
TIGB.L vs. CU31.L - Drawdown Comparison
The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum CU31.L drawdown of -18.80%. Use the drawdown chart below to compare losses from any high point for TIGB.L and CU31.L.
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Drawdown Indicators
| TIGB.L | CU31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.50% | -18.80% | +18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -4.51% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -8.91% | +8.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.61% | +7.61% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -8.23% | +8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.78% | -1.73% |
Volatility
TIGB.L vs. CU31.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) is 0.45%, while iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) has a volatility of 1.63%. This indicates that TIGB.L experiences smaller price fluctuations and is considered to be less risky than CU31.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIGB.L | CU31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 1.63% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 4.46% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 6.11% | -5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.74% | 8.05% | -7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.74% | 9.19% | -8.45% |
TIGB.L vs. CU31.L - Expense Ratio Comparison
TIGB.L has a 0.10% expense ratio, which is higher than CU31.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
TIGB.L vs. CU31.L - Dividend Comparison
TIGB.L's dividend yield for the trailing twelve months is around 3.92%, while CU31.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist | 3.92% | 4.11% | 4.93% | 4.53% | 1.46% |
Frequently Asked Questions
TIGB.L and CU31.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU31.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU31.L is cheaper with a 0.07% expense ratio, compared with 0.10% for TIGB.L.
TIGB.L is categorized as Short-Term Bond, while CU31.L is Government Bonds. TIGB.L tracks Bloomberg US Treasury Coupons Index, while CU31.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for TIGB.L and 0.07% for CU31.L.
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