VDTY.L vs. UB74.L
VDTY.L (Vanguard USD Treasury Bond UCITS ETF) and UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - VDTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, VDTY.L returned 0.95%/yr vs 1.68%/yr for UB74.L. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.05% expense ratio.
Performance
VDTY.L vs. UB74.L - Performance Comparison
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Different Trading Currencies
VDTY.L is traded in USD, while UB74.L is traded in GBp. To make them comparable, the UB74.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VDTY.L achieves a -0.23% return, which is significantly lower than UB74.L's 0.42% return. Over the past 10 years, VDTY.L has underperformed UB74.L with an annualized return of 0.95%, while UB74.L has yielded a comparatively higher 1.68% annualized return.
VDTY.L
- 1D
- 0.24%
- 1M
- 0.17%
- YTD
- -0.23%
- 6M
- 0.04%
- 1Y
- 3.47%
- 3Y*
- 2.95%
- 5Y*
- -0.36%
- 10Y*
- 0.95%
UB74.L
- 1D
- 0.17%
- 1M
- 0.27%
- YTD
- 0.42%
- 6M
- 0.99%
- 1Y
- 3.37%
- 3Y*
- 4.05%
- 5Y*
- 1.78%
- 10Y*
- 1.68%
VDTY.L vs. UB74.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDTY.L Vanguard USD Treasury Bond UCITS ETF | -0.23% | 6.26% | 1.10% | 3.77% | -12.32% | -2.40% | 7.68% | 7.08% | 0.80% | 2.32% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.42% | 5.33% | 4.00% | 3.54% | -3.88% | -0.34% | 2.59% | 4.28% | 1.07% | 0.03% |
Correlation
The correlation between VDTY.L and UB74.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.19 |
The correlation between VDTY.L and UB74.L shifts across timeframes, from 0.12 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VDTY.L vs. UB74.L — Risk / Return Rank
VDTY.L
UB74.L
VDTY.L vs. UB74.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF (VDTY.L) and UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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.
| VDTY.L | UB74.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.98 | -1.82 |
| Martin ratioReturn relative to average drawdown | 3.67 | 9.02 | -5.35 |
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
| VDTY.L | UB74.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.81 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.35 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.33 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.28 | -0.09 |
Drawdowns
VDTY.L vs. UB74.L - Drawdown Comparison
The maximum VDTY.L drawdown since its inception was -18.99%, which is greater than UB74.L's maximum drawdown of -7.38%. Use the drawdown chart below to compare losses from any high point for VDTY.L and UB74.L.
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Drawdown Indicators
| VDTY.L | UB74.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.99% | -7.38% | -11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -1.13% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -1.55% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -6.96% | -9.64% |
Max Drawdown (10Y)Largest decline over 10 years | -18.99% | -7.38% | -11.61% |
Current DrawdownCurrent decline from peak | -6.76% | -0.39% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -1.34% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.37% | +0.57% |
Volatility
VDTY.L vs. UB74.L - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF (VDTY.L) and UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) have volatilities of 1.42% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDTY.L | UB74.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.43% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 3.39% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 4.16% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 5.06% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 5.11% | -0.25% |
VDTY.L vs. UB74.L - Expense Ratio Comparison
Both VDTY.L and UB74.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
VDTY.L vs. UB74.L - Dividend Comparison
VDTY.L's dividend yield for the trailing twelve months is around 4.25%, more than UB74.L's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.69% | 4.94% | 3.67% | 2.23% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
VDTY.L Vanguard USD Treasury Bond UCITS ETF | 4.25% | 4.29% | 4.31% | 3.40% | 2.09% | 1.21% | 1.54% | 2.34% | 2.33% | 1.57% | 0.99% | 0.00% |
Frequently Asked Questions
VDTY.L and UB74.L have a correlation of 0.12, 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.
VDTY.L and UB74.L have the same expense ratio: 0.05% per year.
VDTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: Vanguard and UBS.
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