TRIS.L vs. IGLT.L
TRIS.L (Invesco US Treasury Bond 0-1 Year UCITS ETF Dist) and IGLT.L (iShares Core UK Gilts UCITS ETF) are both Government Bonds funds - TRIS.L tracks the Bloomberg US Treasury Coupons Index while IGLT.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks Index. Both are passively managed. Over the past 5 years, TRIS.L returned 4.36%/yr vs -4.26%/yr for IGLT.L. At a correlation of -0.06, they often move in opposite directions. TRIS.L charges 0.06%/yr vs 0.07%/yr for IGLT.L.
Performance
TRIS.L vs. IGLT.L - Performance Comparison
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Different Trading Currencies
TRIS.L is traded in GBp, while IGLT.L is traded in GBP. To make them comparable, the IGLT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRIS.L achieves a 1.60% return, which is significantly higher than IGLT.L's -0.84% return.
TRIS.L
- 1D
- 0.05%
- 1M
- 1.33%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.90%
- 3Y*
- 2.01%
- 5Y*
- 4.36%
- 10Y*
- —
IGLT.L
- 1D
- 0.21%
- 1M
- 1.42%
- YTD
- -0.84%
- 6M
- -1.14%
- 1Y
- 2.10%
- 3Y*
- 2.44%
- 5Y*
- -4.26%
- 10Y*
- -0.90%
TRIS.L vs. IGLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 1.60% | -2.79% | 6.84% | -0.75% | 12.57% | 1.25% | -3.44% |
IGLT.L iShares Core UK Gilts UCITS ETF | -0.84% | 4.69% | -3.33% | 3.56% | -23.71% | -5.03% | 4.64% |
Correlation
The correlation between TRIS.L and IGLT.L is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2020 | -0.06 |
Over the past year, the inverse relationship between TRIS.L and IGLT.L has strengthened: their correlation has moved from -0.06 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
TRIS.L vs. IGLT.L — Risk / Return Rank
TRIS.L
IGLT.L
TRIS.L vs. IGLT.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 Dist (TRIS.L) and iShares Core UK Gilts UCITS ETF (IGLT.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.
| TRIS.L | IGLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.06 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.40 | +0.69 |
| Martin ratioReturn relative to average drawdown | 2.75 | 1.07 | +1.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRIS.L | IGLT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.35 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.42 | +0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.28 | -0.02 |
Drawdowns
TRIS.L vs. IGLT.L - Drawdown Comparison
The maximum TRIS.L drawdown since its inception was -18.99%, smaller than the maximum IGLT.L drawdown of -35.52%. Use the drawdown chart below to compare losses from any high point for TRIS.L and IGLT.L.
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Drawdown Indicators
| TRIS.L | IGLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.99% | -35.52% | +16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.49% | -5.24% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -6.97% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -15.37% | -33.49% | +18.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.52% | — |
Current DrawdownCurrent decline from peak | -5.66% | -25.96% | +20.30% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -8.26% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.97% | -0.19% |
Volatility
TRIS.L vs. IGLT.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) is 2.02%, while iShares Core UK Gilts UCITS ETF (IGLT.L) has a volatility of 2.31%. This indicates that TRIS.L experiences smaller price fluctuations and is considered to be less risky than IGLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRIS.L | IGLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 2.31% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 4.73% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 6.00% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.34% | 10.02% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.80% | 9.02% | -0.22% |
TRIS.L vs. IGLT.L - Expense Ratio Comparison
TRIS.L has a 0.06% expense ratio, which is lower than IGLT.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TRIS.L vs. IGLT.L - Dividend Comparison
TRIS.L's dividend yield for the trailing twelve months is around 4.01%, less than IGLT.L's 4.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | 4.50% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 4.01% | 4.26% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRIS.L and IGLT.L have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRIS.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRIS.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IGLT.L.
TRIS.L tracks Bloomberg US Treasury Coupons Index, while IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.06% for TRIS.L and 0.07% for IGLT.L.
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