UESD.L vs. TBIL
Compare and contrast key facts about iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) and US Treasury 3 Month Bill ETF (TBIL).
UESD.L and TBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UESD.L is managed by iShares. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022.
Performance
UESD.L vs. TBIL - Performance Comparison
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UESD.L vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 0.53% | 5.04% | 5.40% | 4.47% | 1.14% |
TBIL US Treasury 3 Month Bill ETF | 2.53% | -3.24% | 6.98% | -0.14% | 1.12% |
Different Trading Currencies
UESD.L is traded in GBP, while TBIL is traded in USD. To make them comparable, the TBIL values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, UESD.L achieves a 0.53% return, which is significantly lower than TBIL's 2.53% return.
UESD.L
- 1D
- 0.00%
- 1M
- 0.17%
- YTD
- 0.53%
- 6M
- 1.88%
- 1Y
- 4.37%
- 3Y*
- 4.99%
- 5Y*
- 3.41%
- 10Y*
- —
TBIL
- 1D
- -0.23%
- 1M
- 1.43%
- YTD
- 2.53%
- 6M
- 3.58%
- 1Y
- 1.43%
- 3Y*
- 2.22%
- 5Y*
- —
- 10Y*
- —
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UESD.L vs. TBIL - Expense Ratio Comparison
UESD.L has a 0.09% expense ratio, which is lower than TBIL's 0.15% 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%.
Return for Risk
UESD.L vs. TBIL — Risk / Return Rank
UESD.L
TBIL
UESD.L vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) and US Treasury 3 Month Bill ETF (TBIL). 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.
| UESD.L | TBIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.37 | 0.20 | +4.17 |
Sortino ratioReturn per unit of downside risk | 7.09 | 0.33 | +6.76 |
Omega ratioGain probability vs. loss probability | 2.02 | 1.04 | +0.98 |
Calmar ratioReturn relative to maximum drawdown | 16.93 | 0.22 | +16.71 |
Martin ratioReturn relative to average drawdown | 75.96 | 0.40 | +75.55 |
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
| UESD.L | TBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.37 | 0.20 | +4.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.86 | 0.22 | +2.64 |
Correlation
The correlation between UESD.L and TBIL is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
UESD.L vs. TBIL - Dividend Comparison
UESD.L's dividend yield for the trailing twelve months is around 5.69%, more than TBIL's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 5.69% | 4.63% | 5.37% | 4.49% | 1.21% | 0.24% | 0.47% |
TBIL US Treasury 3 Month Bill ETF | 3.93% | 4.07% | 5.02% | 5.00% | 1.10% | 0.00% | 0.00% |
Drawdowns
UESD.L vs. TBIL - Drawdown Comparison
The maximum UESD.L drawdown since its inception was -0.48%, smaller than the maximum TBIL drawdown of -15.73%. Use the drawdown chart below to compare losses from any high point for UESD.L and TBIL.
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Drawdown Indicators
| UESD.L | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | -0.10% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.26% | -0.02% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -0.41% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.08% | 0.00% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.00% | +0.06% |
Volatility
UESD.L vs. TBIL - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) is 0.33%, while US Treasury 3 Month Bill ETF (TBIL) has a volatility of 2.58%. This indicates that UESD.L experiences smaller price fluctuations and is considered to be less risky than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UESD.L | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 2.58% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.73% | 4.88% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.00% | 7.32% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.09% | 8.75% | -7.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.05% | 8.75% | -7.70% |