UB74.L vs. IBTU.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while IBTU.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, UB74.L returned 2.86%/yr vs 4.49%/yr for IBTU.L. A 0.79 correlation means they provide meaningful diversification when combined. UB74.L charges 0.05%/yr vs 0.07%/yr for IBTU.L.
Performance
UB74.L vs. IBTU.L - Performance Comparison
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Different Trading Currencies
UB74.L is traded in GBp, while IBTU.L is traded in USD. To make them comparable, the IBTU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UB74.L achieves a 0.66% return, which is significantly lower than IBTU.L's 1.75% return.
UB74.L
- 1D
- 0.12%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.25%
- 1Y
- 4.37%
- 3Y*
- 1.43%
- 5Y*
- 2.86%
- 10Y*
- 2.42%
IBTU.L
- 1D
- 0.00%
- 1M
- 1.18%
- YTD
- 1.75%
- 6M
- 1.03%
- 1Y
- 4.94%
- 3Y*
- 2.09%
- 5Y*
- 4.49%
- 10Y*
- —
UB74.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.66% | -2.06% | 5.76% | -1.65% | 7.62% | 0.57% | -0.46% | 2.04% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.80% | -3.07% | 7.07% | -0.29% | 13.11% | 0.93% | -2.00% | 0.34% |
Correlation
The correlation between UB74.L and IBTU.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.79 |
The correlation between UB74.L and IBTU.L has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.
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Return for Risk
UB74.L vs. IBTU.L — Risk / Return Rank
UB74.L
IBTU.L
UB74.L vs. IBTU.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 USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.
| UB74.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.96 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.39 | 2.62 | -0.22 |
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
| UB74.L | IBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.75 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.53 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.27 | +0.01 |
Drawdowns
UB74.L vs. IBTU.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -18.81%, roughly equal to the maximum IBTU.L drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for UB74.L and IBTU.L.
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Drawdown Indicators
| UB74.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -19.01% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -5.12% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -9.80% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -15.91% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -7.81% | -6.09% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -9.25% | +0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.88% | -0.06% |
Volatility
UB74.L vs. IBTU.L - Volatility Comparison
UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) have volatilities of 1.70% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UB74.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.77% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.96% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 6.55% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 8.45% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 8.76% | +0.51% |
UB74.L vs. IBTU.L - Expense Ratio Comparison
UB74.L has a 0.05% expense ratio, which is lower than IBTU.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
UB74.L vs. IBTU.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, less than IBTU.L's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 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% | 2.23% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
Frequently Asked Questions
UB74.L and IBTU.L have a correlation of 0.78, 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 0.07% for IBTU.L.
UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.05% for UB74.L and 0.07% for IBTU.L.
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