UESD.L vs. TLT
Compare and contrast key facts about iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) and iShares 20+ Year Treasury Bond ETF (TLT).
UESD.L and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
UESD.L vs. TLT - Performance Comparison
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UESD.L vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 0.53% | 5.04% | 5.40% | 4.47% | 1.55% | 0.19% | 1.09% |
TLT iShares 20+ Year Treasury Bond ETF | 1.73% | -3.18% | -6.45% | -2.37% | -23.06% | -3.70% | -6.26% |
Different Trading Currencies
UESD.L is traded in GBP, while TLT is traded in USD. To make them comparable, the TLT 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 TLT's 1.73% 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*
- —
TLT
- 1D
- -0.33%
- 1M
- -2.26%
- YTD
- 1.73%
- 6M
- 0.44%
- 1Y
- -3.91%
- 3Y*
- -5.11%
- 5Y*
- -5.07%
- 10Y*
- -0.69%
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UESD.L vs. TLT - Expense Ratio Comparison
UESD.L has a 0.09% expense ratio, which is lower than TLT'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. TLT — Risk / Return Rank
UESD.L
TLT
UESD.L vs. TLT - 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 iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.37 | -0.32 | +4.68 |
Sortino ratioReturn per unit of downside risk | 7.09 | -0.36 | +7.45 |
Omega ratioGain probability vs. loss probability | 2.02 | 0.96 | +1.06 |
Calmar ratioReturn relative to maximum drawdown | 16.93 | -0.24 | +17.17 |
Martin ratioReturn relative to average drawdown | 75.96 | -0.42 | +76.37 |
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 | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.37 | -0.32 | +4.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.12 | -0.31 | +3.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.86 | 0.29 | +2.57 |
Correlation
The correlation between UESD.L and TLT is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UESD.L vs. TLT - Dividend Comparison
UESD.L's dividend yield for the trailing twelve months is around 5.69%, more than TLT's 4.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.53% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
UESD.L vs. TLT - Drawdown Comparison
The maximum UESD.L drawdown since its inception was -0.48%, smaller than the maximum TLT drawdown of -50.13%. Use the drawdown chart below to compare losses from any high point for UESD.L and TLT.
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Drawdown Indicators
| UESD.L | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | -48.35% | +47.87% |
Max Drawdown (1Y)Largest decline over 1 year | -0.26% | -9.23% | +8.97% |
Max Drawdown (5Y)Largest decline over 5 years | -0.41% | -43.70% | +43.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -40.23% | +40.23% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -13.62% | +13.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 4.39% | -4.33% |
Volatility
UESD.L vs. TLT - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) is 0.33%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.53%. This indicates that UESD.L experiences smaller price fluctuations and is considered to be less risky than TLT 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 | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 3.53% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.73% | 7.46% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.00% | 12.39% | -11.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.09% | 16.49% | -15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.05% | 17.07% | -16.02% |