U10G.L vs. VUTY.L
U10G.L (Amundi US Treasury Bond 10+Y UCITS ETF Dist) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - U10G.L tracks the Bloomberg US Long Treasury Index while VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, U10G.L returned -3.32%/yr vs 1.68%/yr for VUTY.L. Their correlation of 0.82 suggests significant overlap in exposure. U10G.L charges 0.06%/yr vs 0.05%/yr for VUTY.L.
Performance
U10G.L vs. VUTY.L - Performance Comparison
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Different Trading Currencies
U10G.L is traded in GBp, while VUTY.L is traded in GBP. To make them comparable, the VUTY.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, U10G.L achieves a -0.78% return, which is significantly lower than VUTY.L's -0.16% return. Over the past 10 years, U10G.L has underperformed VUTY.L with an annualized return of -3.32%, while VUTY.L has yielded a comparatively higher 1.68% annualized return.
U10G.L
- 1D
- 0.33%
- 1M
- 1.04%
- YTD
- -0.78%
- 6M
- -4.52%
- 1Y
- 1.79%
- 3Y*
- -6.24%
- 5Y*
- -6.94%
- 10Y*
- -3.32%
VUTY.L
- 1D
- 0.07%
- 1M
- 0.92%
- YTD
- -0.16%
- 6M
- -0.74%
- 1Y
- 4.32%
- 3Y*
- 0.23%
- 5Y*
- 0.61%
- 10Y*
- 1.68%
U10G.L vs. VUTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | -0.78% | -5.06% | -7.24% | -5.81% | -22.57% | -5.74% | 10.21% | 8.17% | 0.97% | -4.47% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.16% | -1.13% | 2.55% | -1.94% | -1.87% | -1.11% | 3.99% | 3.70% | 6.64% | -6.82% |
Correlation
The correlation between U10G.L and VUTY.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 6, 2016 | 0.82 |
The correlation between U10G.L and VUTY.L has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.
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Return for Risk
U10G.L vs. VUTY.L — Risk / Return Rank
U10G.L
VUTY.L
U10G.L vs. VUTY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) and Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.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.
| U10G.L | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.13 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.83 | -0.66 |
| Martin ratioReturn relative to average drawdown | 0.32 | 1.98 | -1.66 |
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
| U10G.L | VUTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.73 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.07 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.21 | 0.17 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.13 | -0.32 |
Drawdowns
U10G.L vs. VUTY.L - Drawdown Comparison
The maximum U10G.L drawdown since its inception was -52.98%, which is greater than VUTY.L's maximum drawdown of -22.63%. Use the drawdown chart below to compare losses from any high point for U10G.L and VUTY.L.
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Drawdown Indicators
| U10G.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.98% | -22.63% | -30.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -5.25% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -8.27% | -11.41% |
Max Drawdown (5Y)Largest decline over 5 years | -41.90% | -16.17% | -25.73% |
Max Drawdown (10Y)Largest decline over 10 years | -52.98% | -22.63% | -30.35% |
Current DrawdownCurrent decline from peak | -51.32% | -17.85% | -33.47% |
Average DrawdownAverage peak-to-trough decline | -27.54% | -12.63% | -14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 2.20% | +3.28% |
Volatility
U10G.L vs. VUTY.L - Volatility Comparison
Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) has a higher volatility of 2.19% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) at 1.43%. This indicates that U10G.L's price experiences larger fluctuations and is considered to be riskier than VUTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| U10G.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 1.43% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 4.36% | +3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 5.96% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 8.71% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 10.00% | +6.11% |
U10G.L vs. VUTY.L - Expense Ratio Comparison
U10G.L has a 0.06% expense ratio, which is higher than VUTY.L's 0.05% 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
U10G.L vs. VUTY.L - Dividend Comparison
U10G.L's dividend yield for the trailing twelve months is around 0.04%, less than VUTY.L's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.04% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.27% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
Frequently Asked Questions
U10G.L and VUTY.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.06% for U10G.L.
U10G.L tracks Bloomberg US Long Treasury Index, while VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.06% for U10G.L and 0.05% for VUTY.L.
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