TIGB.L vs. UB74.L

Last updated Jun 5, 2026

TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) and UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) are both exchange-traded funds - TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index, while UB74.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 3 years, TIGB.L returned 4.48%/yr vs 1.43%/yr for UB74.L. At a correlation of -0.01, they often move in opposite directions. TIGB.L charges 0.10%/yr vs 0.05%/yr for UB74.L.

Performance

TIGB.L vs. UB74.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) and UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIGB.L achieves a 1.42% return, which is significantly higher than UB74.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*: —

UB74.L

• 1D: 0.12%
• 1M: 1.13%
• YTD: 0.66%
• 6M: 0.25%
• 1Y: 4.37%
• 3Y*: 1.43%
• 5Y*: 2.86%
• 10Y*: 2.42%

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

TIGB.L vs. UB74.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%
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis	0.66%	-2.06%	5.76%	-1.65%	9.19%

Correlation

The correlation between TIGB.L and UB74.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

Return for Risk

TIGB.L vs. UB74.L — Risk / Return Rank

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

TIGB.L

TIGB.L Risk / Return Rank: 97
TIGB.L Sharpe Ratio Rank: 95
TIGB.L Sortino Ratio Rank: 97
TIGB.L Omega Ratio Rank: 98
TIGB.L Calmar Ratio Rank: 97
TIGB.L Martin Ratio Rank: 98

UB74.L

UB74.L Risk / Return Rank: 21
UB74.L Sharpe Ratio Rank: 21
UB74.L Sortino Ratio Rank: 21
UB74.L Omega Ratio Rank: 20
UB74.L Calmar Ratio Rank: 22
UB74.L Martin Ratio Rank: 21

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.

TIGB.L vs. UB74.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 UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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	UB74.L	Difference
Sharpe ratio: Return per unit of total volatility	3.87	0.71	+3.16
Sortino ratio: Return per unit of downside risk	6.05	1.08	+4.98
Omega ratio: Gain probability vs. loss probability	2.34	1.12	+1.22
Calmar ratio: Return relative to maximum drawdown	12.51	0.94	+11.57
Martin ratio: Return relative to average drawdown	73.64	2.39	+71.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIGB.L vs. UB74.L - Sharpe Ratio Comparison

The current TIGB.L Sharpe Ratio is 3.87, which is higher than the UB74.L Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of TIGB.L and UB74.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.

Sharpe Ratios by Period

	TIGB.L	UB74.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.87	0.71	+3.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.48	0.27	+5.21

Drawdowns

TIGB.L vs. UB74.L - Drawdown Comparison

The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum UB74.L drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for TIGB.L and UB74.L.

Drawdown Indicators

	TIGB.L	UB74.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.50%	-18.81%	+18.31%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	-4.61%	+4.31%
Max Drawdown (3Y) Largest decline over 3 years	-0.30%	-8.93%	+8.63%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.33%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.81%	—
Current Drawdown Current decline from peak	0.00%	-7.81%	+7.81%
Average Drawdown Average peak-to-trough decline	-0.03%	-8.27%	+8.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	1.82%	-1.77%

Volatility

TIGB.L vs. UB74.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 UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) has a volatility of 1.70%. This indicates that TIGB.L experiences smaller price fluctuations and is considered to be less risky than UB74.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIGB.L	UB74.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.45%	1.70%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	0.71%	4.49%	-3.78%
Volatility (1Y) Calculated over the trailing 1-year period	0.97%	6.14%	-5.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.74%	8.08%	-7.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.74%	9.27%	-8.53%

TIGB.L vs. UB74.L - Expense Ratio Comparison

TIGB.L has a 0.10% expense ratio, which is higher than UB74.L's 0.05% 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. UB74.L - Dividend Comparison

TIGB.L's dividend yield for the trailing twelve months is around 3.92%, more than UB74.L's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	3.92%	4.11%	4.93%	4.53%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis	3.69%	4.94%	3.67%	2.23%	0.41%	0.36%	1.68%	2.28%	1.10%	0.65%	0.62%	0.41%

Frequently Asked Questions

Can I hold both TIGB.L and UB74.L in my portfolio?

TIGB.L and UB74.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.

Which ETF is better, TIGB.L or UB74.L?

On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIGB.L or UB74.L?

UB74.L is cheaper with a 0.05% expense ratio, compared with 0.10% for TIGB.L.

What is the main difference between TIGB.L and UB74.L?

TIGB.L is categorized as Short-Term Bond, while UB74.L is Government Bonds. TIGB.L tracks Bloomberg US Treasury Coupons Index, while UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.10% for TIGB.L and 0.05% for UB74.L.