U03A.L vs. IBTA.L
Compare and contrast key facts about iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L).
U03A.L and IBTA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. U03A.L is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on Oct 7, 2024. IBTA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Apr 13, 2017. Both U03A.L and IBTA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
U03A.L vs. IBTA.L - Performance Comparison
Loading graphics...
U03A.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
U03A.L iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) | 0.84% | 4.22% | 1.33% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.22% | 5.30% | -0.12% |
Returns By Period
In the year-to-date period, U03A.L achieves a 0.84% return, which is significantly higher than IBTA.L's 0.22% return.
U03A.L
- 1D
- -0.01%
- 1M
- 0.31%
- YTD
- 0.84%
- 6M
- 1.87%
- 1Y
- 4.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTA.L
- 1D
- 0.12%
- 1M
- -0.22%
- YTD
- 0.22%
- 6M
- 1.40%
- 1Y
- 3.78%
- 3Y*
- 4.10%
- 5Y*
- 1.84%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
U03A.L vs. IBTA.L - Expense Ratio Comparison
Both U03A.L and IBTA.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
U03A.L vs. IBTA.L — Risk / Return Rank
U03A.L
IBTA.L
U03A.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| U03A.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.03 | 2.69 | +5.34 |
Sortino ratioReturn per unit of downside risk | 17.03 | 4.23 | +12.80 |
Omega ratioGain probability vs. loss probability | 4.14 | 1.57 | +2.57 |
Calmar ratioReturn relative to maximum drawdown | 42.66 | 5.16 | +37.49 |
Martin ratioReturn relative to average drawdown | 224.07 | 16.82 | +207.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| U03A.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.03 | 2.69 | +5.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.81 | 1.08 | +3.73 |
Correlation
The correlation between U03A.L and IBTA.L is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
U03A.L vs. IBTA.L - Dividend Comparison
Neither U03A.L nor IBTA.L has paid dividends to shareholders.
Drawdowns
U03A.L vs. IBTA.L - Drawdown Comparison
The maximum U03A.L drawdown since its inception was -0.83%, smaller than the maximum IBTA.L drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for U03A.L and IBTA.L.
Loading graphics...
Drawdown Indicators
| U03A.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.83% | -5.80% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.74% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.37% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.98% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.23% | -0.21% |
Volatility
U03A.L vs. IBTA.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) is 0.10%, while iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) has a volatility of 0.46%. This indicates that U03A.L experiences smaller price fluctuations and is considered to be less risky than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| U03A.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.46% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 0.79% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.51% | 1.40% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.92% | 1.99% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.92% | 1.77% | -0.85% |