TRET.L vs. IBTU.L
TRET.L (VanEck Global Real Estate UCITS ETF) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - TRET.L is a REIT fund tracking the GPR Global 100 Index, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, TRET.L returned 2.69%/yr vs 3.38%/yr for IBTU.L. At a 0.02 correlation, their price movements are largely independent. TRET.L charges 0.25%/yr vs 0.07%/yr for IBTU.L.
Performance
TRET.L vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, TRET.L achieves a 8.17% return, which is significantly higher than IBTU.L's 1.35% return.
TRET.L
- 1D
- -0.25%
- 1M
- 2.98%
- YTD
- 8.17%
- 6M
- 8.79%
- 1Y
- 14.84%
- 3Y*
- 11.42%
- 5Y*
- 2.69%
- 10Y*
- 5.65%
IBTU.L
- 1D
- 0.00%
- 1M
- 0.20%
- YTD
- 1.35%
- 6M
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.62%
- 5Y*
- 3.38%
- 10Y*
- —
TRET.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRET.L VanEck Global Real Estate UCITS ETF | 8.17% | 14.41% | 1.07% | 13.92% | -25.67% | 29.73% | -6.91% | 8.14% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.35% | 4.33% | 5.31% | 4.92% | 1.05% | 0.10% | 0.88% | 2.02% |
Correlation
The correlation between TRET.L and IBTU.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.02 |
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Return for Risk
TRET.L vs. IBTU.L — Risk / Return Rank
TRET.L
IBTU.L
TRET.L vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.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.
| TRET.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -5.34 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 3.47 | -2.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 19.33 | -17.92 |
| Martin ratioReturn relative to average drawdown | 4.82 | 83.95 | -79.13 |
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Drawdowns
TRET.L vs. IBTU.L - Drawdown Comparison
The maximum TRET.L drawdown since its inception was -42.25%, 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 TRET.L and IBTU.L.
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Drawdown Indicators
| TRET.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.25% | -0.72% | -41.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -0.20% | -10.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -0.20% | -16.72% |
Max Drawdown (5Y)Largest decline over 5 years | -33.35% | -0.40% | -32.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.25% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | 0.00% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -0.06% | -10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 0.05% | +3.02% |
Volatility
TRET.L vs. IBTU.L - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.L) has a higher volatility of 4.41% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.35%. This indicates that TRET.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
| TRET.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 0.35% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 0.82% | +9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 1.15% | +11.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 1.01% | +15.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 0.95% | +17.03% |
TRET.L vs. IBTU.L - Expense Ratio Comparison
TRET.L has a 0.25% expense ratio, which is higher than IBTU.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
TRET.L vs. IBTU.L - Dividend Comparison
TRET.L's dividend yield for the trailing twelve months is around 3.36%, less than IBTU.L's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 0.00% |
TRET.L VanEck Global Real Estate UCITS ETF | 3.36% | 3.54% | 3.56% | 3.54% | 4.55% | 1.86% | 4.18% | 3.32% | 5.03% | 3.63% |
Frequently Asked Questions
TRET.L and IBTU.L have a correlation of 0.03, 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 0.25% for TRET.L.
TRET.L is categorized as REIT, while IBTU.L is Government Bonds. TRET.L tracks GPR Global 100 Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.25% for TRET.L and 0.07% for IBTU.L.
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