VDTY.L vs. VUTA.L
VDTY.L (Vanguard USD Treasury Bond UCITS ETF) and VUTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds from Vanguard tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, VDTY.L returned -0.36%/yr vs -0.40%/yr for VUTA.L. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.05% expense ratio.
Performance
VDTY.L vs. VUTA.L - Performance Comparison
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Different Trading Currencies
VDTY.L is traded in USD, while VUTA.L is traded in GBP. To make them comparable, the VUTA.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 VUTA.L's -0.21% 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%
VUTA.L
- 1D
- 0.25%
- 1M
- 0.30%
- YTD
- -0.21%
- 6M
- 0.22%
- 1Y
- 3.51%
- 3Y*
- 2.79%
- 5Y*
- -0.40%
- 10Y*
- —
VDTY.L vs. VUTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDTY.L Vanguard USD Treasury Bond UCITS ETF | -0.23% | 6.26% | 1.10% | 3.77% | -12.32% | -2.40% | 7.68% | 6.65% |
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.21% | 6.34% | 0.80% | 3.29% | -12.37% | -1.98% | 7.15% | 7.18% |
Correlation
The correlation between VDTY.L and VUTA.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.71 |
The correlation between VDTY.L and VUTA.L shifts across timeframes, from 0.55 (1 year) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VDTY.L vs. VUTA.L — Risk / Return Rank
VDTY.L
VUTA.L
VDTY.L vs. VUTA.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.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 | VUTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.13 | +0.03 |
| Martin ratioReturn relative to average drawdown | 3.67 | 3.29 | +0.38 |
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 | VUTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.70 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | -0.06 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.16 | +0.03 |
Drawdowns
VDTY.L vs. VUTA.L - Drawdown Comparison
The maximum VDTY.L drawdown since its inception was -18.99%, roughly equal to the maximum VUTA.L drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for VDTY.L and VUTA.L.
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Drawdown Indicators
| VDTY.L | VUTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.99% | -19.22% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -3.10% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.35% | -5.46% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -16.63% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -18.99% | — | — |
Current DrawdownCurrent decline from peak | -6.76% | -7.43% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -8.42% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.07% | -0.13% |
Volatility
VDTY.L vs. VUTA.L - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF (VDTY.L) is 1.42%, while Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) has a volatility of 1.52%. This indicates that VDTY.L experiences smaller price fluctuations and is considered to be less risky than VUTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDTY.L | VUTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.52% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 3.71% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 5.01% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 7.03% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 7.21% | -2.35% |
VDTY.L vs. VUTA.L - Expense Ratio Comparison
Both VDTY.L and VUTA.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. VUTA.L - Dividend Comparison
VDTY.L's dividend yield for the trailing twelve months is around 4.25%, while VUTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUTA.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
VDTY.L and VUTA.L have a correlation of 0.55, 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 VUTA.L have the same expense ratio: 0.05% per year.
Both ETFs track Bloomberg Global Aggregate US Treasury Float Adjusted Index.
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