VDST.L vs. IBTS.L
VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) and IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) are both Government Bonds funds - VDST.L tracks the Bloomberg Short Treasury Index while IBTS.L tracks the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 5 years, VDST.L returned 3.35%/yr vs 1.84%/yr for IBTS.L. At a 0.13 correlation, their price movements are largely independent. VDST.L charges 0.05%/yr vs 0.07%/yr for IBTS.L.
Performance
VDST.L vs. IBTS.L - Performance Comparison
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Different Trading Currencies
VDST.L is traded in USD, while IBTS.L is traded in GBP. To make them comparable, the IBTS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VDST.L achieves a 1.42% return, which is significantly higher than IBTS.L's 0.28% return.
VDST.L
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 3.94%
- 3Y*
- 4.70%
- 5Y*
- 3.35%
- 10Y*
- —
IBTS.L
- 1D
- -0.08%
- 1M
- 0.29%
- YTD
- 0.28%
- 6M
- 0.60%
- 1Y
- 3.38%
- 3Y*
- 4.21%
- 5Y*
- 1.84%
- 10Y*
- 1.75%
VDST.L vs. IBTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 1.42% | 4.26% | 5.24% | 4.98% | 0.95% | 0.01% | 0.03% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.28% | 5.49% | 4.03% | 3.79% | -3.90% | -0.27% | 0.64% |
Correlation
The correlation between VDST.L and IBTS.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.13 |
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Return for Risk
VDST.L vs. IBTS.L — Risk / Return Rank
VDST.L
IBTS.L
VDST.L vs. IBTS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) and iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.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.
| VDST.L | IBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.46 | ||
| Sortino ratioReturn per unit of downside risk | +20.84 | ||
| Omega ratioGain probability vs. loss probability | 4.86 | 1.14 | +3.72 |
| Calmar ratioReturn relative to maximum drawdown | 35.91 | 3.15 | +32.75 |
| Martin ratioReturn relative to average drawdown | 243.54 | 9.14 | +234.41 |
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
| VDST.L | IBTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.29 | 0.83 | +8.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 8.03 | 0.37 | +7.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.82 | 0.37 | +7.45 |
Drawdowns
VDST.L vs. IBTS.L - Drawdown Comparison
The maximum VDST.L drawdown since its inception was -0.36%, smaller than the maximum IBTS.L drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for VDST.L and IBTS.L.
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Drawdown Indicators
| VDST.L | IBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.36% | -7.24% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -1.07% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -1.44% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -6.87% | +6.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.24% | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.51% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -1.16% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.37% | -0.35% |
Volatility
VDST.L vs. IBTS.L - Volatility Comparison
The current volatility for Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) is 0.12%, while iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) has a volatility of 1.38%. This indicates that VDST.L experiences smaller price fluctuations and is considered to be less risky than IBTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDST.L | IBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 1.38% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 3.30% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 4.09% | -3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.47% | 5.03% | -4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.46% | 5.07% | -4.61% |
VDST.L vs. IBTS.L - Expense Ratio Comparison
VDST.L has a 0.05% expense ratio, which is lower than IBTS.L's 0.07% 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
VDST.L vs. IBTS.L - Dividend Comparison
VDST.L has not paid dividends to shareholders, while IBTS.L's dividend yield for the trailing twelve months is around 4.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 4.00% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VDST.L and IBTS.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDST.L is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTS.L.
VDST.L tracks Bloomberg Short Treasury Index, while IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VDST.L and 0.07% for IBTS.L.
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