TIGB.L vs. IBTA.L
TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) and IBTA.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 IBTA.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 1.61%/yr for IBTA.L. At a correlation of -0.05, they often move in opposite directions. TIGB.L charges 0.10%/yr vs 0.07%/yr for IBTA.L.
Performance
TIGB.L vs. IBTA.L - Performance Comparison
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Different Trading Currencies
TIGB.L is traded in GBp, while IBTA.L is traded in USD. To make them comparable, the IBTA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TIGB.L achieves a 1.42% return, which is significantly higher than IBTA.L's 0.86% return.
TIGB.L
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.78%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
IBTA.L
- 1D
- 0.13%
- 1M
- 1.05%
- YTD
- 0.86%
- 6M
- 0.22%
- 1Y
- 4.43%
- 3Y*
- 1.61%
- 5Y*
- 2.97%
- 10Y*
- —
TIGB.L vs. IBTA.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% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.86% | -2.20% | 5.93% | -1.06% | 8.74% |
Correlation
The correlation between TIGB.L and IBTA.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022 | -0.05 |
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Return for Risk
TIGB.L vs. IBTA.L — Risk / Return Rank
TIGB.L
IBTA.L
TIGB.L vs. IBTA.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) (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.
| TIGB.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +5.02 | ||
| Omega ratioGain probability vs. loss probability | 2.34 | 1.12 | +1.22 |
| Calmar ratioReturn relative to maximum drawdown | 12.51 | 0.85 | +11.66 |
| Martin ratioReturn relative to average drawdown | 73.64 | 2.34 | +71.30 |
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 | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.87 | 0.69 | +3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.48 | 0.13 | +5.35 |
Drawdowns
TIGB.L vs. IBTA.L - Drawdown Comparison
The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum IBTA.L drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for TIGB.L and IBTA.L.
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Drawdown Indicators
| TIGB.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.50% | -18.45% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -5.21% | +4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -9.27% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.67% | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.85% | +7.85% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -8.99% | +8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.89% | -1.84% |
Volatility
TIGB.L vs. IBTA.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) (IBTA.L) has a volatility of 1.65%. This indicates that TIGB.L experiences smaller price fluctuations and is considered to be less risky 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
| TIGB.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 1.65% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.71% | 4.90% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 6.36% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.74% | 8.23% | -7.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.74% | 8.51% | -7.77% |
TIGB.L vs. IBTA.L - Expense Ratio Comparison
TIGB.L has a 0.10% 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
TIGB.L vs. IBTA.L - Dividend Comparison
TIGB.L's dividend yield for the trailing twelve months is around 3.92%, while IBTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBTA.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 IBTA.L have a correlation of -0.11, 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 0.10% for TIGB.L.
TIGB.L is categorized as Short-Term Bond, while IBTA.L is Government Bonds. TIGB.L tracks Bloomberg US Treasury Coupons Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for TIGB.L and 0.07% for IBTA.L.
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