UB74.L vs. XUT3.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both Government Bonds funds - UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index while XUT3.L tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 10 years, UB74.L returned 2.01%/yr vs 2.08%/yr for XUT3.L. Their correlation of 0.80 suggests significant overlap in exposure. UB74.L charges 0.05%/yr vs 0.06%/yr for XUT3.L.
Performance
UB74.L vs. XUT3.L - Performance Comparison
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Different Trading Currencies
UB74.L is traded in GBp, while XUT3.L is traded in USD. To make them comparable, the XUT3.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 2.73% return and XUT3.L slightly higher at 2.81%. Both investments have delivered pretty close results over the past 10 years, with UB74.L having a 2.01% annualized return and XUT3.L not far ahead at 2.08%.
UB74.L
- 1D
- 0.33%
- 1M
- 2.38%
- YTD
- 2.73%
- 6M
- 3.35%
- 1Y
- 6.60%
- 3Y*
- 2.98%
- 5Y*
- 2.93%
- 10Y*
- 2.01%
XUT3.L
- 1D
- 0.27%
- 1M
- 2.17%
- YTD
- 2.81%
- 6M
- 3.25%
- 1Y
- 6.36%
- 3Y*
- 3.02%
- 5Y*
- 2.96%
- 10Y*
- 2.08%
UB74.L vs. XUT3.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 | 2.73% | -2.06% | 5.76% | -1.66% | 7.62% | 0.57% | -0.46% | 0.26% | 7.13% | -8.67% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.81% | -2.42% | 5.95% | -1.10% | 7.87% | 0.32% | -0.08% | -0.38% | 7.45% | -8.40% |
Correlation
The correlation between UB74.L and XUT3.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012 | 0.80 |
The correlation between UB74.L and XUT3.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
UB74.L vs. XUT3.L — Risk / Return Rank
UB74.L
XUT3.L
UB74.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.22 | +0.21 |
| Martin ratioReturn relative to average drawdown | 3.63 | 3.32 | +0.30 |
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Drawdowns
UB74.L vs. XUT3.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -41.53%, which is greater than XUT3.L's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for UB74.L and XUT3.L.
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Drawdown Indicators
| UB74.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -18.58% | -22.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -5.21% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -9.27% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -16.72% | +0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | -18.58% | -0.23% |
Current DrawdownCurrent decline from peak | -8.75% | -6.32% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -21.38% | -8.04% | -13.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.91% | -0.10% |
Volatility
UB74.L vs. XUT3.L - Volatility Comparison
UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) and Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) have volatilities of 1.53% and 1.48%, 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 | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.48% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 4.97% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.22% | 6.40% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 8.21% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.76% | 8.80% | -0.04% |
UB74.L vs. XUT3.L - Expense Ratio Comparison
UB74.L has a 0.05% expense ratio, which is lower than XUT3.L's 0.06% 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. XUT3.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.62%, more than XUT3.L's 2.84% 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 | 3.62% | 4.94% | 3.67% | 2.22% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% | 0.00% | 0.00% |
Frequently Asked Questions
UB74.L and XUT3.L have a correlation of 0.77, 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 0.06% for XUT3.L.
UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.05% for UB74.L and 0.06% for XUT3.L.
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