TSY3.L vs. DTLA.L
TSY3.L (SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF) and DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) are both Government Bonds funds - TSY3.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while DTLA.L tracks the ICE US Treasury 20+ Year Index. Both are passively managed. Over the past 5 years, TSY3.L returned 2.87%/yr vs -5.04%/yr for DTLA.L. At a 0.42 correlation, their price movements are largely independent. TSY3.L charges 0.05%/yr vs 0.07%/yr for DTLA.L.
Performance
TSY3.L vs. DTLA.L - Performance Comparison
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Different Trading Currencies
TSY3.L is traded in GBP, while DTLA.L is traded in USD. To make them comparable, the DTLA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSY3.L achieves a 0.72% return, which is significantly higher than DTLA.L's -0.58% return.
TSY3.L
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 0.72%
- 6M
- 0.32%
- 1Y
- 4.44%
- 3Y*
- 1.49%
- 5Y*
- 2.87%
- 10Y*
- 2.44%
DTLA.L
- 1D
- 0.48%
- 1M
- 1.63%
- YTD
- -0.58%
- 6M
- -1.78%
- 1Y
- 4.99%
- 3Y*
- -3.99%
- 5Y*
- -5.04%
- 10Y*
- —
TSY3.L vs. DTLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 0.72% | -2.00% | 5.79% | -1.65% | 7.59% | 0.51% | -0.46% | 0.22% | 8.26% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.58% | -2.97% | -5.34% | -3.39% | -22.00% | -3.56% | 13.56% | 11.29% | 10.28% |
Correlation
The correlation between TSY3.L and DTLA.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.42 |
The correlation between TSY3.L and DTLA.L shifts across timeframes, from 0.25 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSY3.L vs. DTLA.L — Risk / Return Rank
TSY3.L
DTLA.L
TSY3.L vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.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.
| TSY3.L | DTLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.59 | +0.40 |
| Martin ratioReturn relative to average drawdown | 2.50 | 1.26 | +1.24 |
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
| TSY3.L | DTLA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.49 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.32 | +0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | -0.06 | +0.37 |
Drawdowns
TSY3.L vs. DTLA.L - Drawdown Comparison
The maximum TSY3.L drawdown since its inception was -18.75%, smaller than the maximum DTLA.L drawdown of -48.57%. Use the drawdown chart below to compare losses from any high point for TSY3.L and DTLA.L.
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Drawdown Indicators
| TSY3.L | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -48.57% | +29.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -8.45% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -8.92% | -17.84% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -39.56% | +23.18% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | — | — |
Current DrawdownCurrent decline from peak | -7.69% | -44.65% | +36.96% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -26.35% | +18.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 3.96% | -2.19% |
Volatility
TSY3.L vs. DTLA.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) is 1.67%, while iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a volatility of 3.11%. This indicates that TSY3.L experiences smaller price fluctuations and is considered to be less risky than DTLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSY3.L | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 3.11% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 7.35% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 10.21% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 15.80% | -7.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 16.13% | -6.84% |
TSY3.L vs. DTLA.L - Expense Ratio Comparison
TSY3.L has a 0.05% expense ratio, which is lower than DTLA.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
TSY3.L vs. DTLA.L - Dividend Comparison
TSY3.L's dividend yield for the trailing twelve months is around 3.92%, while DTLA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 3.92% | 4.25% | 4.07% | 3.02% | 0.60% | 0.56% | 1.84% | 2.14% | 1.31% | 1.04% | 0.63% | 0.52% |
Frequently Asked Questions
TSY3.L and DTLA.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSY3.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSY3.L is cheaper with a 0.05% expense ratio, compared with 0.07% for DTLA.L.
TSY3.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while DTLA.L tracks ICE US Treasury 20+ Year Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for TSY3.L and 0.07% for DTLA.L.
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