TRS5.L vs. J13U.L
TRS5.L (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and J13U.L (JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc)) are both Government Bonds funds - TRS5.L tracks the Bloomberg US 3-7 Year Treasury Bond Index while J13U.L tracks the J.P. Morgan Government Bond US 1-3 Index. Both are passively managed. Over the past 5 years, TRS5.L returned 0.31%/yr vs 1.79%/yr for J13U.L. At a 0.24 correlation, their price movements are largely independent. TRS5.L charges 0.05%/yr vs 0.07%/yr for J13U.L.
Performance
TRS5.L vs. J13U.L - Performance Comparison
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Different Trading Currencies
TRS5.L is traded in USD, while J13U.L is traded in GBP. To make them comparable, the J13U.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRS5.L achieves a -0.40% return, which is significantly lower than J13U.L's 0.38% return.
TRS5.L
- 1D
- 0.18%
- 1M
- -0.41%
- YTD
- -0.40%
- 6M
- 0.07%
- 1Y
- 3.32%
- 3Y*
- 3.66%
- 5Y*
- 0.31%
- 10Y*
- 0.83%
J13U.L
- 1D
- 0.13%
- 1M
- 0.23%
- YTD
- 0.38%
- 6M
- 0.95%
- 1Y
- 3.34%
- 3Y*
- 4.06%
- 5Y*
- 1.79%
- 10Y*
- —
TRS5.L vs. J13U.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | -0.40% | 7.27% | 2.02% | 4.16% | -9.49% | -2.44% | 6.80% | 4.29% | 1.44% |
J13U.L JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) | 0.39% | 5.40% | 3.96% | 3.54% | -3.82% | -0.28% | 2.73% | 4.45% | 1.65% |
Correlation
The correlation between TRS5.L and J13U.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 | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2018 | 0.24 |
The correlation between TRS5.L and J13U.L shifts across timeframes, from 0.12 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRS5.L vs. J13U.L — Risk / Return Rank
TRS5.L
J13U.L
TRS5.L vs. J13U.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) and JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) (J13U.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.
| TRS5.L | J13U.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.91 | -1.61 |
| Martin ratioReturn relative to average drawdown | 4.14 | 8.70 | -4.56 |
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
| TRS5.L | J13U.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.79 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.35 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.44 | -0.21 |
Drawdowns
TRS5.L vs. J13U.L - Drawdown Comparison
The maximum TRS5.L drawdown since its inception was -14.35%, which is greater than J13U.L's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for TRS5.L and J13U.L.
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Drawdown Indicators
| TRS5.L | J13U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.35% | -7.29% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -1.14% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -1.56% | -2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -13.64% | -6.93% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -14.35% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.43% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -1.48% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.38% | +0.40% |
Volatility
TRS5.L vs. J13U.L - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) is 1.15%, while JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) (J13U.L) has a volatility of 1.41%. This indicates that TRS5.L experiences smaller price fluctuations and is considered to be less risky than J13U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRS5.L | J13U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.41% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 3.41% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 4.20% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 5.06% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 5.12% | -1.31% |
TRS5.L vs. J13U.L - Expense Ratio Comparison
TRS5.L has a 0.05% expense ratio, which is lower than J13U.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
TRS5.L vs. J13U.L - Dividend Comparison
TRS5.L's dividend yield for the trailing twelve months is around 3.93%, while J13U.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
J13U.L JPMorgan BetaBuilders US Treasury Bond 1-3 yr UCITS ETF - USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.18% |
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.93% | 3.68% | 3.24% | 1.97% | 1.12% | 0.98% | 1.66% | 1.09% | 0.00% |
Frequently Asked Questions
TRS5.L and J13U.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, TRS5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRS5.L is cheaper with a 0.05% expense ratio, compared with 0.07% for J13U.L.
TRS5.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while J13U.L tracks J.P. Morgan Government Bond US 1-3 Index. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.05% for TRS5.L and 0.07% for J13U.L.
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