UB74.L vs. VUTA.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and VUTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while VUTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, UB74.L returned 2.86%/yr vs 0.65%/yr for VUTA.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
UB74.L vs. VUTA.L - Performance Comparison
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Different Trading Currencies
UB74.L is traded in GBp, while VUTA.L is traded in GBP. To make them comparable, the VUTA.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 higher than VUTA.L's 0.03% 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%
VUTA.L
- 1D
- 0.21%
- 1M
- 1.16%
- YTD
- 0.03%
- 6M
- -0.52%
- 1Y
- 4.50%
- 3Y*
- 0.21%
- 5Y*
- 0.65%
- 10Y*
- —
UB74.L vs. VUTA.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% | 2.06% |
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.03% | -1.12% | 2.50% | -1.89% | -1.88% | -1.09% | 3.97% | 5.44% |
Correlation
The correlation between UB74.L and VUTA.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.88 |
The correlation between UB74.L and VUTA.L has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
UB74.L vs. VUTA.L — Risk / Return Rank
UB74.L
VUTA.L
UB74.L vs. VUTA.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.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 | VUTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.86 | +0.08 |
| Martin ratioReturn relative to average drawdown | 2.39 | 2.08 | +0.32 |
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 | VUTA.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 | 0.08 | +0.28 |
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 | 0.08 | +0.19 |
Drawdowns
UB74.L vs. VUTA.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -18.81%, smaller than the maximum VUTA.L drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for UB74.L and VUTA.L.
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Drawdown Indicators
| UB74.L | VUTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -23.40% | +4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -5.21% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -8.20% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -16.17% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | — | — |
Current DrawdownCurrent decline from peak | -7.81% | -18.49% | +10.68% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -15.38% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.16% | -0.34% |
Volatility
UB74.L vs. VUTA.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 1.70% compared to Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) at 1.39%. This indicates that UB74.L's price experiences larger fluctuations and is considered to be riskier than VUTA.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 | VUTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 1.39% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.40% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 5.98% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 8.70% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 9.39% | -0.12% |
UB74.L vs. VUTA.L - Expense Ratio Comparison
Both UB74.L and VUTA.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. VUTA.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, while VUTA.L has not paid dividends to shareholders.
| 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% |
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UB74.L and VUTA.L have a correlation of 0.90, 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 VUTA.L have the same expense ratio: 0.05% per year.
UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while VUTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: UBS and Vanguard.
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