VDTA.L vs. LUTR.L

Last updated Jun 26, 2026

VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) and LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) are both Government Bonds funds - VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index while LUTR.L tracks the Bloomberg US Treasury 10+ Year Index. Both are passively managed. Over the past 5 years, VDTA.L returned -0.32%/yr vs -5.20%/yr for LUTR.L. Their correlation of 0.93 suggests significant overlap in exposure. VDTA.L charges 0.05%/yr vs 0.15%/yr for LUTR.L.

Performance

VDTA.L vs. LUTR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) and SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDTA.L achieves a 0.40% return, which is significantly lower than LUTR.L's 1.10% return.

VDTA.L

• 1D: 0.18%
• 1M: 1.07%
• YTD: 0.40%
• 6M: 0.77%
• 1Y: 3.60%
• 3Y*: 3.04%
• 5Y*: -0.32%
• 10Y*: —

LUTR.L

• 1D: 0.09%
• 1M: 2.90%
• YTD: 1.10%
• 6M: 1.71%
• 1Y: 5.31%
• 3Y*: -0.41%
• 5Y*: -5.20%
• 10Y*: -1.35%

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

VDTA.L vs. LUTR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating	0.40%	6.24%	0.94%	3.71%	-12.37%	-2.33%	7.64%	6.37%
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF	1.10%	5.45%	-5.75%	2.50%	-28.87%	-4.84%	16.57%	14.17%

Correlation

The correlation between VDTA.L and LUTR.L is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019	0.93

The correlation between VDTA.L and LUTR.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

VDTA.L vs. LUTR.L — Risk / Return Rank

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

VDTA.L

VDTA.L Risk / Return Rank: 29
VDTA.L Sharpe Ratio Rank: 31
VDTA.L Sortino Ratio Rank: 30
VDTA.L Omega Ratio Rank: 28
VDTA.L Calmar Ratio Rank: 27
VDTA.L Martin Ratio Rank: 28

LUTR.L

LUTR.L Risk / Return Rank: 18
LUTR.L Sharpe Ratio Rank: 19
LUTR.L Sortino Ratio Rank: 18
LUTR.L Omega Ratio Rank: 16
LUTR.L Calmar Ratio Rank: 19
LUTR.L Martin Ratio Rank: 18

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.

VDTA.L vs. LUTR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) and SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VDTA.L	LUTR.L	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.61	+0.42
Sortino ratio: Return per unit of downside risk	1.51	0.92	+0.58
Omega ratio: Gain probability vs. loss probability	1.18	1.11	+0.07
Calmar ratio: Return relative to maximum drawdown	1.24	0.76	+0.48
Martin ratio: Return relative to average drawdown	3.51	1.91	+1.60

VDTA.L vs. LUTR.L - Sharpe Ratio Comparison

The current VDTA.L Sharpe Ratio is 1.02, which is higher than the LUTR.L Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of VDTA.L and LUTR.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VDTA.L vs. LUTR.L - Drawdown Comparison

The maximum VDTA.L drawdown since its inception was -18.80%, smaller than the maximum LUTR.L drawdown of -46.52%. Use the drawdown chart below to compare losses from any high point for VDTA.L and LUTR.L.

Drawdown Indicators

	VDTA.L	LUTR.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.80%	-46.52%	+27.72%
Max Drawdown (1Y) Largest decline over 1 year	-2.89%	-6.99%	+4.10%
Max Drawdown (3Y) Largest decline over 3 years	-5.00%	-16.72%	+11.72%
Max Drawdown (5Y) Largest decline over 5 years	-16.39%	-40.30%	+23.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.52%	—
Current Drawdown Current decline from peak	-6.38%	-36.30%	+29.92%
Average Drawdown Average peak-to-trough decline	-8.07%	-20.80%	+12.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	2.77%	-1.75%

Volatility

VDTA.L vs. LUTR.L - Volatility Comparison

The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) is 0.98%, while SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) has a volatility of 2.19%. This indicates that VDTA.L experiences smaller price fluctuations and is considered to be less risky than LUTR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDTA.L	LUTR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	2.19%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	2.60%	6.10%	-3.50%
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	8.73%	-5.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.59%	13.93%	-8.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.34%	13.20%	-7.86%

VDTA.L vs. LUTR.L - Expense Ratio Comparison

VDTA.L has a 0.05% expense ratio, which is lower than LUTR.L's 0.15% 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

VDTA.L vs. LUTR.L - Dividend Comparison

VDTA.L has not paid dividends to shareholders, while LUTR.L's dividend yield for the trailing twelve months is around 4.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF	4.54%	4.40%	4.22%	3.13%	2.56%	1.72%	1.91%	2.42%	2.49%	2.61%	1.14%
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating	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

Can I hold both VDTA.L and LUTR.L in my portfolio?

With a correlation of 0.92, VDTA.L and LUTR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VDTA.L or LUTR.L?

On fees, VDTA.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, VDTA.L or LUTR.L?

VDTA.L is cheaper with a 0.05% expense ratio, compared with 0.15% for LUTR.L.

What is the main difference between VDTA.L and LUTR.L?

VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted index, while LUTR.L tracks Bloomberg US Treasury 10+ Year Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.05% for VDTA.L and 0.15% for LUTR.L.