UDVD.L vs. IBTU.L
UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - UDVD.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, UDVD.L returned 5.64%/yr vs 3.38%/yr for IBTU.L. At a correlation of -0.01, they often move in opposite directions. UDVD.L charges 0.35%/yr vs 0.07%/yr for IBTU.L.
Performance
UDVD.L vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, UDVD.L achieves a 6.88% return, which is significantly higher than IBTU.L's 1.38% return.
UDVD.L
- 1D
- 0.54%
- 1M
- -0.35%
- YTD
- 6.88%
- 6M
- 7.75%
- 1Y
- 13.07%
- 3Y*
- 9.70%
- 5Y*
- 5.64%
- 10Y*
- 8.88%
IBTU.L
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.38%
- 6M
- 1.77%
- 1Y
- 4.03%
- 3Y*
- 4.72%
- 5Y*
- 3.38%
- 10Y*
- —
UDVD.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 6.88% | 8.57% | 7.64% | 2.06% | -0.33% | 25.04% | 0.77% | 10.32% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.38% | 4.36% | 5.23% | 4.96% | 1.09% | -0.01% | 0.96% | 1.94% |
Correlation
The correlation between UDVD.L and IBTU.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | -0.01 |
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Return for Risk
UDVD.L vs. IBTU.L — Risk / Return Rank
UDVD.L
IBTU.L
UDVD.L vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.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.
| UDVD.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.88 | ||
| Sortino ratioReturn per unit of downside risk | -15.50 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 3.99 | -2.76 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 25.11 | -23.27 |
| Martin ratioReturn relative to average drawdown | 4.71 | 186.33 | -181.62 |
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
| UDVD.L | IBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 8.19 | -6.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 6.79 | -6.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 5.05 | -4.35 |
Drawdowns
UDVD.L vs. IBTU.L - Drawdown Comparison
The maximum UDVD.L drawdown since its inception was -36.12%, which is greater than IBTU.L's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for UDVD.L and IBTU.L.
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Drawdown Indicators
| UDVD.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.12% | -0.62% | -35.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -0.16% | -6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -0.16% | -15.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.26% | -0.29% | -14.97% |
Max Drawdown (10Y)Largest decline over 10 years | -36.12% | — | — |
Current DrawdownCurrent decline from peak | -3.71% | 0.00% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -0.03% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 0.02% | +2.75% |
Volatility
UDVD.L vs. IBTU.L - Volatility Comparison
SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) has a higher volatility of 2.84% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.08%. This indicates that UDVD.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDVD.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 0.08% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 0.31% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.95% | 0.49% | +9.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 0.50% | +13.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.70% | 0.54% | +15.16% |
UDVD.L vs. IBTU.L - Expense Ratio Comparison
UDVD.L has a 0.35% expense ratio, which is higher than IBTU.L's 0.07% expense ratio.
Dividends
UDVD.L vs. IBTU.L - Dividend Comparison
UDVD.L's dividend yield for the trailing twelve months is around 2.05%, 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% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.05% | 2.17% | 2.03% | 2.24% | 2.13% | 2.15% | 2.36% | 2.01% | 2.27% | 1.78% | 1.83% | 2.06% |
Frequently Asked Questions
UDVD.L and IBTU.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.35% for UDVD.L.
UDVD.L is categorized as Large Cap Blend Equities, while IBTU.L is Government Bonds. UDVD.L tracks S&P High Yield Dividend Aristocrats Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for UDVD.L and 0.07% for IBTU.L.
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