VDST.L vs. XUT3.L
VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both Government Bonds funds - VDST.L tracks the Bloomberg Short Treasury Index while XUT3.L tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, VDST.L returned 3.35%/yr vs 1.84%/yr for XUT3.L. At a 0.24 correlation, their price movements are largely independent. VDST.L charges 0.05%/yr vs 0.06%/yr for XUT3.L.
Performance
VDST.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, VDST.L achieves a 1.42% return, which is significantly higher than XUT3.L's 0.44% 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*
- —
XUT3.L
- 1D
- -0.09%
- 1M
- -0.04%
- YTD
- 0.44%
- 6M
- 0.79%
- 1Y
- 3.46%
- 3Y*
- 4.13%
- 5Y*
- 1.84%
- 10Y*
- 1.72%
VDST.L vs. XUT3.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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.44% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 0.09% |
Correlation
The correlation between VDST.L and XUT3.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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.25 |
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Return for Risk
VDST.L vs. XUT3.L — Risk / Return Rank
VDST.L
XUT3.L
VDST.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.22 | ||
| Sortino ratioReturn per unit of downside risk | +17.01 | ||
| Omega ratioGain probability vs. loss probability | 4.86 | 1.67 | +3.19 |
| Calmar ratioReturn relative to maximum drawdown | 35.91 | 5.11 | +30.80 |
| Martin ratioReturn relative to average drawdown | 243.54 | 20.09 | +223.45 |
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 | XUT3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.29 | 3.07 | +6.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 8.03 | 0.97 | +7.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.82 | 1.13 | +6.69 |
Drawdowns
VDST.L vs. XUT3.L - Drawdown Comparison
The maximum VDST.L drawdown since its inception was -0.36%, smaller than the maximum XUT3.L drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for VDST.L and XUT3.L.
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Drawdown Indicators
| VDST.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.36% | -5.45% | +5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -0.67% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -0.91% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -5.45% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.45% | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.22% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.72% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.17% | -0.15% |
Volatility
VDST.L vs. XUT3.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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) has a volatility of 0.40%. This indicates that VDST.L experiences smaller price fluctuations and is considered to be less risky than XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 0.40% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 0.80% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 1.13% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.47% | 1.90% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.46% | 1.50% | -1.04% |
VDST.L vs. XUT3.L - Expense Ratio Comparison
VDST.L has a 0.05% expense ratio, which is lower than XUT3.L's 0.06% 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. XUT3.L - Dividend Comparison
VDST.L has not paid dividends to shareholders, while XUT3.L's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
VDST.L and XUT3.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, 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 0.06% for XUT3.L.
VDST.L tracks Bloomberg Short Treasury Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.05% for VDST.L and 0.06% for XUT3.L.
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