UB74.L vs. IBTG.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and IBTG.L (iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - UB74.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index, while IBTG.L is a Short-Term Bond fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 5 years, UB74.L returned 2.35%/yr vs 1.57%/yr for IBTG.L. At a correlation of -0.01, they often move in opposite directions. UB74.L charges 0.05%/yr vs 0.10%/yr for IBTG.L.
Performance
UB74.L vs. IBTG.L - Performance Comparison
Loading charts...
Different Trading Currencies
UB74.L is traded in GBp, while IBTG.L is traded in GBP. To make them comparable, the IBTG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with UB74.L having a 0.81% return and IBTG.L slightly higher at 0.83%.
UB74.L
- 1D
- 0.28%
- 1M
- -0.21%
- 6M
- 0.35%
- YTD
- 0.81%
- 1Y
- 2.87%
- 3Y*
- 3.20%
- 5Y*
- 2.35%
- 10Y*
- 1.43%
IBTG.L
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.04%
- YTD
- 0.83%
- 1Y
- 3.25%
- 3Y*
- 4.10%
- 5Y*
- 1.57%
- 10Y*
- —
UB74.L vs. IBTG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.81% | -2.06% | 5.76% | -1.66% | 7.62% | 0.57% | -0.46% | 0.26% | 12.35% |
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 0.83% | 5.08% | 3.75% | 3.65% | -4.56% | -0.82% | 2.70% | 1.75% | 0.38% |
Correlation
The correlation between UB74.L and IBTG.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UB74.L vs. IBTG.L — Risk / Return Rank
UB74.L
IBTG.L
UB74.L vs. IBTG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) and iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UB74.L | IBTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.60 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 4.84 | -4.22 |
| Martin ratioReturn relative to average drawdown | 1.55 | 15.08 | -13.53 |
Loading charts...
Drawdowns
UB74.L vs. IBTG.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -41.53%, which is greater than IBTG.L's maximum drawdown of -6.15%. Use the drawdown chart below to compare losses from any high point for UB74.L and IBTG.L.
Loading charts...
Drawdown Indicators
| UB74.L | IBTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -6.15% | -35.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -0.67% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -0.85% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -6.13% | -10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -10.45% | 0.00% | -10.45% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -1.25% | -20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.22% | +1.63% |
Volatility
UB74.L vs. IBTG.L - Volatility Comparison
UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) has a higher volatility of 1.22% compared to iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) (IBTG.L) at 0.43%. This indicates that UB74.L's price experiences larger fluctuations and is considered to be riskier than IBTG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UB74.L | IBTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.43% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 1.16% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 1.74% | +4.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 2.43% | +5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.59% | 2.07% | +6.52% |
UB74.L vs. IBTG.L - Expense Ratio Comparison
UB74.L has a 0.05% expense ratio, which is lower than IBTG.L's 0.10% 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
UB74.L vs. IBTG.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, less than IBTG.L's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTG.L iShares $ Treasury Bond 1-3yr UCITS ETF GBP Hedged (Dist) | 3.86% | 4.08% | 4.12% | 2.92% | 0.76% | 0.59% | 1.66% | 2.35% | 0.78% | 0.00% | 0.00% | 0.00% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.69% | 4.94% | 3.67% | 2.22% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
UB74.L and IBTG.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.10% for IBTG.L.
UB74.L is categorized as Government Bonds, while IBTG.L is Short-Term Bond. UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while IBTG.L tracks ICE U.S. Treasury 1-3 Year Bond Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.05% for UB74.L and 0.10% for IBTG.L.
Find the right allocation for UB74.L and IBTG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer