UB74.L vs. USTY.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and USTY.L (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds - UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while USTY.L tracks the Bloomberg US Treasury Index. Both are passively managed. Over the past 10 years, UB74.L returned 2.42%/yr vs 2.28%/yr for USTY.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
UB74.L vs. USTY.L - Performance Comparison
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Different Trading Currencies
UB74.L is traded in GBp, while USTY.L is traded in GBP. To make them comparable, the USTY.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with UB74.L at 0.66% and USTY.L at 0.66%. Over the past 10 years, UB74.L has outperformed USTY.L with an annualized return of 2.42%, while USTY.L has yielded a comparatively lower 2.28% annualized 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%
USTY.L
- 1D
- 0.21%
- 1M
- 1.14%
- YTD
- 0.66%
- 6M
- 0.16%
- 1Y
- 6.01%
- 3Y*
- 1.22%
- 5Y*
- 1.37%
- 10Y*
- 2.28%
UB74.L vs. USTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.26% | 7.13% | -8.67% |
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 0.66% | 0.10% | 3.36% | -1.37% | -1.66% | -0.86% | 4.57% | 4.20% | 7.22% | -6.43% |
Correlation
The correlation between UB74.L and USTY.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2015 | 0.89 |
The correlation between UB74.L and USTY.L has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
UB74.L vs. USTY.L — Risk / Return Rank
UB74.L
USTY.L
UB74.L vs. USTY.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 SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.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 | USTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.15 | -0.21 |
| Martin ratioReturn relative to average drawdown | 2.39 | 3.15 | -0.76 |
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 | USTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.94 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.16 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.23 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.31 | -0.04 |
Drawdowns
UB74.L vs. USTY.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -18.81%, smaller than the maximum USTY.L drawdown of -23.02%. Use the drawdown chart below to compare losses from any high point for UB74.L and USTY.L.
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Drawdown Indicators
| UB74.L | USTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -23.02% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -5.20% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -7.75% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -16.04% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | -23.02% | +4.21% |
Current DrawdownCurrent decline from peak | -7.81% | -15.58% | +7.77% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -12.04% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.90% | -0.08% |
Volatility
UB74.L vs. USTY.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) is 1.70%, while SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) has a volatility of 2.21%. This indicates that UB74.L experiences smaller price fluctuations and is considered to be less risky than USTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UB74.L | USTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.21% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.79% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 6.35% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 8.77% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 10.02% | -0.75% |
UB74.L vs. USTY.L - Expense Ratio Comparison
Both UB74.L and USTY.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UB74.L vs. USTY.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, less than USTY.L's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 4.87% | 4.61% | 3.81% | 2.81% | 1.57% | 1.31% | 2.49% | 2.79% | 2.11% | 2.11% | 1.66% | 0.00% |
Frequently Asked Questions
UB74.L and USTY.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L and USTY.L have the same expense ratio: 0.05% per year.
UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while USTY.L tracks Bloomberg US Treasury Index. They also come from different issuers: UBS and State Street.
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