U13G.L vs. CBE3.L
U13G.L (Amundi US Treasury Bond 1-3Y UCITS ETF Dist) and CBE3.L (iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc)) are both exchange-traded funds - U13G.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index, while CBE3.L is a Short-Term Bond fund tracking the Bloomberg Euro Government Bond 1-3 Year Index. Both are passively managed. Over the past 5 years, U13G.L returned 2.90%/yr vs 0.95%/yr for CBE3.L. At a 0.34 correlation, their price movements are largely independent. U13G.L charges 0.06%/yr vs 0.20%/yr for CBE3.L.
Performance
U13G.L vs. CBE3.L - Performance Comparison
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Different Trading Currencies
U13G.L is traded in GBp, while CBE3.L is traded in EUR. To make them comparable, the CBE3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, U13G.L achieves a 0.61% return, which is significantly higher than CBE3.L's -0.60% return.
U13G.L
- 1D
- 0.11%
- 1M
- 1.08%
- YTD
- 0.61%
- 6M
- -1.48%
- 1Y
- 4.39%
- 3Y*
- 1.46%
- 5Y*
- 2.90%
- 10Y*
- —
CBE3.L
- 1D
- 0.16%
- 1M
- 0.47%
- YTD
- -0.60%
- 6M
- -0.72%
- 1Y
- 3.67%
- 3Y*
- 2.85%
- 5Y*
- 0.95%
- 10Y*
- 1.34%
U13G.L vs. CBE3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
U13G.L Amundi US Treasury Bond 1-3Y UCITS ETF Dist | 0.61% | -2.01% | 5.86% | -1.60% | 7.66% | 0.59% | -0.77% | 0.61% | 6.73% | -8.67% |
CBE3.L iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) | -0.60% | 7.75% | -1.57% | 1.39% | 0.69% | -6.71% | 5.49% | -5.51% | 0.66% | 4.33% |
Correlation
The correlation between U13G.L and CBE3.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2016 | 0.34 |
The correlation between U13G.L and CBE3.L shifts across timeframes, from 0.20 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
U13G.L vs. CBE3.L — Risk / Return Rank
U13G.L
CBE3.L
U13G.L vs. CBE3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Treasury Bond 1-3Y UCITS ETF Dist (U13G.L) and iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.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.
| U13G.L | CBE3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.44 | -0.18 |
| Martin ratioReturn relative to average drawdown | 3.07 | 3.10 | -0.03 |
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
| U13G.L | CBE3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.89 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.18 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.09 | +0.11 |
Drawdowns
U13G.L vs. CBE3.L - Drawdown Comparison
The maximum U13G.L drawdown since its inception was -18.93%, roughly equal to the maximum CBE3.L drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for U13G.L and CBE3.L.
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Drawdown Indicators
| U13G.L | CBE3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.93% | -18.42% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.58% | -2.54% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -3.11% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -5.75% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.98% | — |
Current DrawdownCurrent decline from peak | -7.67% | -3.76% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -7.26% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 1.18% | +2.42% |
Volatility
U13G.L vs. CBE3.L - Volatility Comparison
Amundi US Treasury Bond 1-3Y UCITS ETF Dist (U13G.L) has a higher volatility of 1.49% compared to iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) at 1.12%. This indicates that U13G.L's price experiences larger fluctuations and is considered to be riskier than CBE3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| U13G.L | CBE3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.12% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.98% | 2.81% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.43% | 4.10% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.11% | 5.29% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.89% | 7.10% | +2.79% |
U13G.L vs. CBE3.L - Expense Ratio Comparison
U13G.L has a 0.06% expense ratio, which is lower than CBE3.L's 0.20% 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
U13G.L vs. CBE3.L - Dividend Comparison
U13G.L's dividend yield for the trailing twelve months is around 3.04%, while CBE3.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CBE3.L iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
U13G.L Amundi US Treasury Bond 1-3Y UCITS ETF Dist | 3.04% | 3.06% | 2.39% | 1.79% | 1.46% | 1.19% | 1.69% | 2.19% | 1.96% | 1.81% | 0.73% |
Frequently Asked Questions
U13G.L and CBE3.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, U13G.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
U13G.L is cheaper with a 0.06% expense ratio, compared with 0.20% for CBE3.L.
U13G.L is categorized as Government Bonds, while CBE3.L is Short-Term Bond. U13G.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while CBE3.L tracks Bloomberg Euro Government Bond 1-3 Year Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.06% for U13G.L and 0.20% for CBE3.L.
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