USTY.L vs. BATG.DE

Last updated Jun 5, 2026

USTY.L (SPDR Bloomberg US Treasury Bond UCITS ETF) and BATG.DE (L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) are both exchange-traded funds - USTY.L is a Government Bonds fund tracking the Bloomberg US Treasury Index, while BATG.DE is a Japan Equities fund tracking the Foxberry Sustainability Consensus Japan. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. USTY.L charges 0.05%/yr vs 0.16%/yr for BATG.DE.

Performance

USTY.L vs. BATG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

USTY.L is traded in GBP, while BATG.DE is traded in EUR. To make them comparable, the BATG.DE values have been converted to GBP using the latest available exchange rates.

Returns By Period

USTY.L

• 1D: 0.21%
• 1M: 0.98%
• YTD: 0.66%
• 6M: 0.18%
• 1Y: 6.23%
• 3Y*: 1.22%
• 5Y*: 1.37%
• 10Y*: 2.28%

BATG.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USTY.L vs. BATG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF	0.66%	0.10%	3.36%	-1.37%	-2.37%
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF	0.00%	6.91%	7.88%	10.51%	3.87%

Correlation

The correlation between USTY.L and BATG.DE is 0.03, 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 (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.03

Return for Risk

USTY.L vs. BATG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USTY.L

USTY.L Risk / Return Rank: 25
USTY.L Sharpe Ratio Rank: 27
USTY.L Sortino Ratio Rank: 26
USTY.L Omega Ratio Rank: 26
USTY.L Calmar Ratio Rank: 24
USTY.L Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USTY.L vs. BATG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). 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.

	USTY.L	BATG.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.94	—	—
Sortino ratio: Return per unit of downside risk	1.40	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.15	—	—
Martin ratio: Return relative to average drawdown	3.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USTY.L	BATG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	—	—

Drawdowns

Drawdown Indicators

	USTY.L	BATG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.02%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-5.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.02%	—	—
Current Drawdown Current decline from peak	-15.58%	—	—
Average Drawdown Average peak-to-trough decline	-12.04%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	—	—

Volatility

Volatility by Period

	USTY.L	BATG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.77%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.02%	—	—

USTY.L vs. BATG.DE - Expense Ratio Comparison

USTY.L has a 0.05% expense ratio, which is lower than BATG.DE's 0.16% 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%.

Dividends

USTY.L vs. BATG.DE - Dividend Comparison

USTY.L's dividend yield for the trailing twelve months is around 4.87%, while BATG.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF	4.87%	4.61%	3.81%	2.81%	1.57%	1.31%	2.49%	2.79%	2.11%	2.11%	1.66%

Frequently Asked Questions

Can I hold both USTY.L and BATG.DE in my portfolio?

USTY.L and BATG.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USTY.L or BATG.DE?

On fees, USTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USTY.L or BATG.DE?

USTY.L is cheaper with a 0.05% expense ratio, compared with 0.16% for BATG.DE.

What is the main difference between USTY.L and BATG.DE?

USTY.L is categorized as Government Bonds, while BATG.DE is Japan Equities. USTY.L tracks Bloomberg US Treasury Index, while BATG.DE tracks Foxberry Sustainability Consensus Japan. They also come from different issuers: State Street and LGIM Managers (Europe) Limited. Their fees differ too: 0.05% for USTY.L and 0.16% for BATG.DE.