TIGR.L vs. IBTU.L
TIGR.L (L&G India INR Government Bond UCITS ETF USD Distributing) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - TIGR.L tracks the L&G India INR Government Bond UCITS ETF USD Distributing while IBTU.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 3 years, TIGR.L returned -0.03%/yr vs 4.63%/yr for IBTU.L. At a 0.08 correlation, their price movements are largely independent. TIGR.L charges 0.39%/yr vs 0.07%/yr for IBTU.L.
Performance
TIGR.L vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, TIGR.L achieves a -6.85% return, which is significantly lower than IBTU.L's 1.76% return.
TIGR.L
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -6.17%
- YTD
- -6.85%
- 1Y
- -10.05%
- 3Y*
- -0.03%
- 5Y*
- —
- 10Y*
- —
IBTU.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 1.76%
- YTD
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.63%
- 5Y*
- 3.46%
- 10Y*
- —
TIGR.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TIGR.L L&G India INR Government Bond UCITS ETF USD Distributing | -6.85% | 0.84% | 5.37% | 5.93% | -8.86% | 1.49% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.76% | 4.33% | 5.31% | 4.92% | 1.05% | 0.00% |
Correlation
The correlation between TIGR.L and IBTU.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.08 |
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Return for Risk
TIGR.L vs. IBTU.L — Risk / Return Rank
TIGR.L
IBTU.L
TIGR.L vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G India INR Government Bond UCITS ETF USD Distributing (TIGR.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIGR.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.74 | ||
| Sortino ratioReturn per unit of downside risk | -9.27 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 3.84 | -3.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 19.33 | -20.05 |
| Martin ratioReturn relative to average drawdown | -1.39 | 94.97 | -96.36 |
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Drawdowns
TIGR.L vs. IBTU.L - Drawdown Comparison
The maximum TIGR.L drawdown since its inception was -15.01%, which is greater than IBTU.L's maximum drawdown of -0.72%. Use the drawdown chart below to compare losses from any high point for TIGR.L and IBTU.L.
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Drawdown Indicators
| TIGR.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -0.72% | -14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -0.20% | -13.86% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | -0.20% | -14.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.40% | — |
Current DrawdownCurrent decline from peak | -11.35% | 0.00% | -11.35% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -0.06% | -4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 0.04% | +6.85% |
Volatility
TIGR.L vs. IBTU.L - Volatility Comparison
L&G India INR Government Bond UCITS ETF USD Distributing (TIGR.L) has a higher volatility of 3.18% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.28%. This indicates that TIGR.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIGR.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 0.28% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 0.77% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.19% | 1.11% | +7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 1.02% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 0.95% | +5.40% |
TIGR.L vs. IBTU.L - Expense Ratio Comparison
TIGR.L has a 0.39% expense ratio, which is higher than IBTU.L's 0.07% expense ratio.
Dividends
TIGR.L vs. IBTU.L - Dividend Comparison
TIGR.L's dividend yield for the trailing twelve months is around 3.54%, less than IBTU.L's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.05% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% |
TIGR.L L&G India INR Government Bond UCITS ETF USD Distributing | 3.54% | 6.72% | 6.50% | 6.26% | 4.15% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TIGR.L and IBTU.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.39% for TIGR.L.
TIGR.L tracks L&G India INR Government Bond UCITS ETF USD Distributing, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.39% for TIGR.L and 0.07% for IBTU.L.
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