TIGB.L vs. XUT3.L
TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both exchange-traded funds - TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index, while XUT3.L is a Government Bonds fund tracking the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 3 years, TIGB.L returned 4.48%/yr vs 1.56%/yr for XUT3.L. At a correlation of -0.05, they often move in opposite directions. TIGB.L charges 0.10%/yr vs 0.06%/yr for XUT3.L.
Performance
TIGB.L vs. XUT3.L - Performance Comparison
Loading charts...
Different Trading Currencies
TIGB.L is traded in GBp, while XUT3.L is traded in USD. To make them comparable, the XUT3.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 XUT3.L's 0.95% return.
TIGB.L
- 1D
- 0.09%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.78%
- 3Y*
- 4.48%
- 5Y*
- —
- 10Y*
- —
XUT3.L
- 1D
- 0.10%
- 1M
- 1.04%
- YTD
- 0.95%
- 6M
- 0.23%
- 1Y
- 4.46%
- 3Y*
- 1.56%
- 5Y*
- 2.96%
- 10Y*
- 2.49%
TIGB.L vs. XUT3.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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.95% | -2.42% | 5.95% | -1.10% | 8.85% |
Correlation
The correlation between TIGB.L and XUT3.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 |
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
TIGB.L vs. XUT3.L — Risk / Return Rank
TIGB.L
XUT3.L
TIGB.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +5.03 | ||
| 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 | 2.31 | +71.32 |
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
| TIGB.L | XUT3.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 (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.48 | 0.33 | +5.14 |
Drawdowns
TIGB.L vs. XUT3.L - Drawdown Comparison
The maximum TIGB.L drawdown since its inception was -0.50%, smaller than the maximum XUT3.L drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for TIGB.L and XUT3.L.
Loading charts...
Drawdown Indicators
| TIGB.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.50% | -18.58% | +18.08% |
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 | — | -16.72% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.02% | +8.02% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -8.22% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.92% | -1.87% |
Volatility
TIGB.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) has a volatility of 1.65%. This indicates that TIGB.L experiences smaller price fluctuations and is considered to be less risky than XUT3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TIGB.L | XUT3.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% | 4.93% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 6.41% | -5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.74% | 8.22% | -7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.74% | 9.43% | -8.69% |
TIGB.L vs. XUT3.L - Expense Ratio Comparison
TIGB.L has a 0.10% expense ratio, which is higher than XUT3.L's 0.06% 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. XUT3.L - Dividend Comparison
TIGB.L's dividend yield for the trailing twelve months is around 3.92%, more than XUT3.L's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
TIGB.L and XUT3.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, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.10% for TIGB.L.
TIGB.L is categorized as Short-Term Bond, while XUT3.L is Government Bonds. TIGB.L tracks Bloomberg US Treasury Coupons Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.10% for TIGB.L and 0.06% for XUT3.L.
Find the right allocation for TIGB.L and XUT3.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