USTY.L vs. UB82.L
USTY.L (SPDR Bloomberg US Treasury Bond UCITS ETF) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - USTY.L tracks the Bloomberg US Treasury Index while UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, USTY.L returned 1.37%/yr vs 0.05%/yr for UB82.L. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.05% expense ratio.
Performance
USTY.L vs. UB82.L - Performance Comparison
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Different Trading Currencies
USTY.L is traded in GBP, while UB82.L is traded in GBp. To make them comparable, the UB82.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, USTY.L achieves a 0.66% return, which is significantly higher than UB82.L's 0.06% return.
USTY.L
- 1D
- 0.21%
- 1M
- 1.14%
- YTD
- 0.66%
- 6M
- 0.16%
- 1Y
- 6.01%
- 3Y*
- 1.22%
- 5Y*
- 1.37%
- 10Y*
- 2.28%
UB82.L
- 1D
- 0.17%
- 1M
- 1.02%
- YTD
- 0.06%
- 6M
- -0.35%
- 1Y
- 4.22%
- 3Y*
- -0.26%
- 5Y*
- 0.05%
- 10Y*
- —
USTY.L vs. UB82.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 0.66% | 0.10% | 3.36% | -1.37% | -1.66% | -0.86% | 4.57% | 4.20% | 7.22% | -2.35% |
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 0.06% | 0.56% | 0.48% | -3.11% | -6.16% | -0.72% | 4.31% | 7.61% | 4.05% | 0.00% |
Correlation
The correlation between USTY.L and UB82.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2017 | 0.41 |
Over the past year, USTY.L and UB82.L have become more correlated (0.85) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
USTY.L vs. UB82.L — Risk / Return Rank
USTY.L
UB82.L
USTY.L vs. UB82.L - 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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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.
| USTY.L | UB82.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.98 | +0.18 |
| Martin ratioReturn relative to average drawdown | 3.15 | 2.38 | +0.78 |
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
| USTY.L | UB82.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.72 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.01 | +0.15 |
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 | 0.13 | +0.19 |
Drawdowns
USTY.L vs. UB82.L - Drawdown Comparison
The maximum USTY.L drawdown since its inception was -23.02%, roughly equal to the maximum UB82.L drawdown of -23.85%. Use the drawdown chart below to compare losses from any high point for USTY.L and UB82.L.
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Drawdown Indicators
| USTY.L | UB82.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.02% | -23.85% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -4.86% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -7.75% | -7.79% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.04% | -16.39% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | — | — |
Current DrawdownCurrent decline from peak | -15.58% | -19.18% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -16.84% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.15% | -0.25% |
Volatility
USTY.L vs. UB82.L - Volatility Comparison
SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) has a higher volatility of 2.21% compared to UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) at 1.49%. This indicates that USTY.L's price experiences larger fluctuations and is considered to be riskier than UB82.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USTY.L | UB82.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 1.49% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 4.44% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 6.57% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.77% | 12.53% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 15.99% | -5.97% |
USTY.L vs. UB82.L - Expense Ratio Comparison
Both USTY.L and UB82.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
USTY.L vs. UB82.L - Dividend Comparison
USTY.L's dividend yield for the trailing twelve months is around 4.87%, more than UB82.L's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis | 3.10% | 2.20% | 2.52% | 2.82% | 1.33% | 0.99% | 1.81% | 1.93% | 2.69% | 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
USTY.L and UB82.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
USTY.L and UB82.L have the same expense ratio: 0.05% per year.
USTY.L tracks Bloomberg US Treasury Index, while UB82.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: State Street and UBS.
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