TIGB.L vs. VUSA.L

Last updated Jun 5, 2026

TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) and VUSA.L (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index, while VUSA.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, TIGB.L returned 4.48%/yr vs 19.01%/yr for VUSA.L. At a correlation of -0.10, they often move in opposite directions. TIGB.L charges 0.10%/yr vs 0.07%/yr for VUSA.L.

Performance

TIGB.L vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TIGB.L is traded in GBp, while VUSA.L is traded in GBP. To make them comparable, the VUSA.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 lower than VUSA.L's 10.52% return.

TIGB.L

• 1D: 0.09%
• 1M: 0.29%
• YTD: 1.42%
• 6M: 1.75%
• 1Y: 3.78%
• 3Y*: 4.48%
• 5Y*: —
• 10Y*: —

VUSA.L

• 1D: 0.03%
• 1M: 5.52%
• YTD: 10.52%
• 6M: 10.48%
• 1Y: 29.10%
• 3Y*: 19.01%
• 5Y*: 14.94%
• 10Y*: 16.07%

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

TIGB.L vs. VUSA.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%
VUSA.L Vanguard S&P 500 UCITS ETF	10.52%	9.39%	27.33%	19.81%	-2.67%

Correlation

The correlation between TIGB.L and VUSA.L is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022	-0.10

Return for Risk

TIGB.L vs. VUSA.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

VUSA.L

VUSA.L Risk / Return Rank: 82
VUSA.L Sharpe Ratio Rank: 84
VUSA.L Sortino Ratio Rank: 83
VUSA.L Omega Ratio Rank: 85
VUSA.L Calmar Ratio Rank: 80
VUSA.L Martin Ratio Rank: 78

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. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.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	VUSA.L	Difference
Sharpe ratio: Return per unit of total volatility	3.87	2.74	+1.13
Sortino ratio: Return per unit of downside risk	6.05	3.68	+2.38
Omega ratio: Gain probability vs. loss probability	2.34	1.51	+0.83
Calmar ratio: Return relative to maximum drawdown	12.51	4.08	+8.44
Martin ratio: Return relative to average drawdown	73.64	15.02	+58.62
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. VUSA.L - Sharpe Ratio Comparison

The current TIGB.L Sharpe Ratio is 3.87, which is higher than the VUSA.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of TIGB.L and VUSA.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	VUSA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.87	2.74	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.48	1.06	+4.42

Drawdowns

TIGB.L vs. VUSA.L - Drawdown Comparison

The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum VUSA.L drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for TIGB.L and VUSA.L.

Drawdown Indicators

	TIGB.L	VUSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.50%	-25.47%	+24.97%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	-7.11%	+6.81%
Max Drawdown (3Y) Largest decline over 3 years	-0.30%	-20.94%	+20.64%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.47%	—
Current Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	-0.03%	-3.19%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	1.93%	-1.88%

Volatility

TIGB.L vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.L) has a volatility of 2.63%. This indicates that TIGB.L experiences smaller price fluctuations and is considered to be less risky than VUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIGB.L	VUSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.45%	2.63%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	0.71%	7.12%	-6.41%
Volatility (1Y) Calculated over the trailing 1-year period	0.97%	10.58%	-9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.74%	14.29%	-13.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.74%	15.64%	-14.90%

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

TIGB.L has a 0.10% expense ratio, which is higher than VUSA.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. VUSA.L - Dividend Comparison

TIGB.L's dividend yield for the trailing twelve months is around 3.92%, more than VUSA.L's 0.87% 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%
VUSA.L Vanguard S&P 500 UCITS ETF	0.87%	0.95%	1.00%	1.24%	1.41%	1.04%	1.44%	1.50%	1.72%	1.61%	1.58%	1.73%

Frequently Asked Questions

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

TIGB.L and VUSA.L have a correlation of -0.09, 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 VUSA.L?

On fees, VUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VUSA.L is cheaper with a 0.07% expense ratio, compared with 0.10% for TIGB.L.

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

TIGB.L is categorized as Short-Term Bond, while VUSA.L is S&P 500. TIGB.L tracks Bloomberg US Treasury Coupons Index, while VUSA.L tracks S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.10% for TIGB.L and 0.07% for VUSA.L.