VDTA.L vs. XUT3.L
VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both Government Bonds funds - VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index while XUT3.L tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, VDTA.L returned -0.41%/yr vs 1.86%/yr for XUT3.L. A 0.74 correlation means they provide meaningful diversification when combined. VDTA.L charges 0.05%/yr vs 0.06%/yr for XUT3.L.
Performance
VDTA.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, VDTA.L achieves a -0.23% return, which is significantly lower than XUT3.L's 0.54% return.
VDTA.L
- 1D
- 0.21%
- 1M
- 0.17%
- YTD
- -0.23%
- 6M
- 0.10%
- 1Y
- 3.61%
- 3Y*
- 2.87%
- 5Y*
- -0.41%
- 10Y*
- —
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
VDTA.L vs. XUT3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.23% | 6.25% | 0.93% | 3.71% | -12.37% | -2.33% | 7.64% | 6.63% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.22% |
Correlation
The correlation between VDTA.L and XUT3.L is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.74 |
The correlation between VDTA.L and XUT3.L has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
VDTA.L vs. XUT3.L — Risk / Return Rank
VDTA.L
XUT3.L
VDTA.L vs. XUT3.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 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.
| VDTA.L | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.67 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 5.10 | -3.86 |
| Martin ratioReturn relative to average drawdown | 3.80 | 20.02 | -16.21 |
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
| VDTA.L | XUT3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 3.06 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.98 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.14 | -0.91 |
Drawdowns
VDTA.L vs. XUT3.L - Drawdown Comparison
The maximum VDTA.L drawdown since its inception was -18.82%, which is greater than XUT3.L's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for VDTA.L and XUT3.L.
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Drawdown Indicators
| VDTA.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -5.45% | -13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -0.67% | -2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -0.91% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.41% | -5.45% | -10.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.45% | — |
Current DrawdownCurrent decline from peak | -6.97% | -0.12% | -6.85% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -0.72% | -7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.17% | +0.77% |
Volatility
VDTA.L vs. XUT3.L - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) has a higher volatility of 1.37% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 0.41%. This indicates that VDTA.L's price experiences larger fluctuations and is considered to be riskier 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
| VDTA.L | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.41% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 0.80% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 1.13% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 1.90% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 1.50% | +3.85% |
VDTA.L vs. XUT3.L - Expense Ratio Comparison
VDTA.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
VDTA.L vs. XUT3.L - Dividend Comparison
VDTA.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 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
VDTA.L and XUT3.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VDTA.L is cheaper with a 0.05% expense ratio, compared with 0.06% for XUT3.L.
VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted 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 VDTA.L and 0.06% for XUT3.L.
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