USSC.L vs. IBTA.L
USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - USSC.L is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, USSC.L returned 9.15%/yr vs 1.81%/yr for IBTA.L. At a correlation of -0.05, they often move in opposite directions. USSC.L charges 0.30%/yr vs 0.07%/yr for IBTA.L.
Performance
USSC.L vs. IBTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, USSC.L achieves a 13.11% return, which is significantly higher than IBTA.L's 0.17% return.
USSC.L
- 1D
- 0.14%
- 1M
- 0.83%
- YTD
- 13.11%
- 6M
- 13.79%
- 1Y
- 34.93%
- 3Y*
- 18.16%
- 5Y*
- 9.15%
- 10Y*
- 11.89%
IBTA.L
- 1D
- 0.00%
- 1M
- -0.17%
- YTD
- 0.17%
- 6M
- 0.85%
- 1Y
- 3.31%
- 3Y*
- 4.14%
- 5Y*
- 1.81%
- 10Y*
- —
USSC.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 13.11% | 14.72% | 8.33% | 23.18% | -10.14% | 35.22% | 8.76% | 23.17% | -15.30% | 12.22% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.17% | 5.34% | 4.07% | 4.21% | -3.75% | -0.64% | 3.14% | 3.62% | 1.40% | -0.00% |
Correlation
The correlation between USSC.L and IBTA.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2017 | -0.05 |
The correlation between USSC.L and IBTA.L shifts across timeframes, from -0.05 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USSC.L vs. IBTA.L — Risk / Return Rank
USSC.L
IBTA.L
USSC.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| USSC.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.60 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 4.90 | -0.62 |
| Martin ratioReturn relative to average drawdown | 13.71 | 16.98 | -3.27 |
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
| USSC.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.10 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.84 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.98 | -0.52 |
Drawdowns
USSC.L vs. IBTA.L - Drawdown Comparison
The maximum USSC.L drawdown since its inception was -48.99%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for USSC.L and IBTA.L.
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Drawdown Indicators
| USSC.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -5.80% | -43.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -0.67% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -27.47% | -0.89% | -26.58% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -5.70% | -21.77% |
Max Drawdown (10Y)Largest decline over 10 years | -48.99% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.34% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -0.97% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 0.19% | +2.35% |
Volatility
USSC.L vs. IBTA.L - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) has a higher volatility of 3.91% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.54%. This indicates that USSC.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSC.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 0.54% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 1.12% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 1.58% | +14.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.61% | 2.16% | +19.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 1.93% | +20.86% |
USSC.L vs. IBTA.L - Expense Ratio Comparison
USSC.L has a 0.30% expense ratio, which is higher than IBTA.L's 0.07% expense ratio.
Dividends
USSC.L vs. IBTA.L - Dividend Comparison
Neither USSC.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
USSC.L and IBTA.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.30% for USSC.L.
USSC.L is categorized as Small Cap Value Equities, while IBTA.L is Government Bonds. USSC.L tracks MSCI USA Small Cap Value Weighted Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for USSC.L and 0.07% for IBTA.L.
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