UBTS.L vs. VUTY.L
UBTS.L (UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both exchange-traded funds - UBTS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while VUTY.L is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, UBTS.L returned 3.32%/yr vs 0.61%/yr for VUTY.L. Their correlation of 0.90 suggests significant overlap in exposure. UBTS.L charges 0.15%/yr vs 0.05%/yr for VUTY.L.
Performance
UBTS.L vs. VUTY.L - Performance Comparison
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Different Trading Currencies
UBTS.L is traded in GBp, while VUTY.L is traded in GBP. To make them comparable, the VUTY.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UBTS.L achieves a 1.80% return, which is significantly higher than VUTY.L's -0.16% return.
UBTS.L
- 1D
- -0.10%
- 1M
- 0.69%
- YTD
- 1.80%
- 6M
- 0.83%
- 1Y
- 5.77%
- 3Y*
- 2.02%
- 5Y*
- 3.32%
- 10Y*
- —
VUTY.L
- 1D
- 0.07%
- 1M
- 0.92%
- YTD
- -0.16%
- 6M
- -0.74%
- 1Y
- 4.32%
- 3Y*
- 0.23%
- 5Y*
- 0.61%
- 10Y*
- 1.68%
UBTS.L vs. VUTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 1.80% | -0.11% | 4.95% | -1.59% | 3.39% | 6.97% | 4.62% | 3.52% | 5.25% | -7.29% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.16% | -1.13% | 2.55% | -1.94% | -1.87% | -1.11% | 3.99% | 3.70% | 6.64% | -6.82% |
Correlation
The correlation between UBTS.L and VUTY.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2016 | 0.90 |
The correlation between UBTS.L and VUTY.L has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
UBTS.L vs. VUTY.L — Risk / Return Rank
UBTS.L
VUTY.L
UBTS.L vs. VUTY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) and Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.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.
| UBTS.L | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.83 | +0.33 |
| Martin ratioReturn relative to average drawdown | 3.08 | 1.98 | +1.09 |
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
| UBTS.L | VUTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.73 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.07 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.13 | +0.14 |
Drawdowns
UBTS.L vs. VUTY.L - Drawdown Comparison
The maximum UBTS.L drawdown since its inception was -15.99%, smaller than the maximum VUTY.L drawdown of -22.63%. Use the drawdown chart below to compare losses from any high point for UBTS.L and VUTY.L.
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Drawdown Indicators
| UBTS.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.99% | -22.63% | +6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -5.25% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.52% | -8.27% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -16.17% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.63% | — |
Current DrawdownCurrent decline from peak | -5.74% | -17.85% | +12.11% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -12.63% | +5.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.20% | -0.33% |
Volatility
UBTS.L vs. VUTY.L - Volatility Comparison
UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) has a higher volatility of 1.78% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) at 1.43%. This indicates that UBTS.L's price experiences larger fluctuations and is considered to be riskier than VUTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBTS.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 1.43% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.36% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 5.96% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 8.71% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 10.00% | -1.32% |
UBTS.L vs. VUTY.L - Expense Ratio Comparison
UBTS.L has a 0.15% expense ratio, which is higher than VUTY.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UBTS.L vs. VUTY.L - Dividend Comparison
UBTS.L's dividend yield for the trailing twelve months is around 4.01%, less than VUTY.L's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 4.01% | 3.26% | 4.42% | 4.57% | 6.66% | 2.83% | 0.84% | 2.30% | 2.38% | 1.27% | 0.00% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.27% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
Frequently Asked Questions
UBTS.L and VUTY.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.15% for UBTS.L.
UBTS.L is categorized as Inflation-Protected Bonds, while VUTY.L is Government Bonds. UBTS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.15% for UBTS.L and 0.05% for VUTY.L.
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