VHYA.L vs. IBTA.L
VHYA.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - VHYA.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, VHYA.L returned 11.56%/yr vs 1.94%/yr for IBTA.L. At a 0.02 correlation, their price movements are largely independent. VHYA.L charges 0.29%/yr vs 0.07%/yr for IBTA.L.
Performance
VHYA.L vs. IBTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, VHYA.L achieves a 13.33% return, which is significantly higher than IBTA.L's 0.68% return.
VHYA.L
- 1D
- -0.08%
- 1M
- 0.61%
- 6M
- 10.29%
- YTD
- 13.33%
- 1Y
- 26.68%
- 3Y*
- 18.25%
- 5Y*
- 11.56%
- 10Y*
- —
IBTA.L
- 1D
- 0.17%
- 1M
- 0.17%
- 6M
- 0.85%
- YTD
- 0.68%
- 1Y
- 3.47%
- 3Y*
- 4.32%
- 5Y*
- 1.94%
- 10Y*
- —
VHYA.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VHYA.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation | 13.33% | 27.01% | 9.27% | 11.29% | -5.35% | 17.77% | -0.22% | 7.95% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.68% | 5.34% | 4.07% | 4.21% | -3.75% | -0.64% | 3.14% | 0.56% |
Correlation
The correlation between VHYA.L and IBTA.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.02 |
The correlation between VHYA.L and IBTA.L shifts across timeframes, from 0.02 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VHYA.L vs. IBTA.L — Risk / Return Rank
VHYA.L
IBTA.L
VHYA.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| VHYA.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.65 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 5.14 | -1.75 |
| Martin ratioReturn relative to average drawdown | 12.15 | 17.96 | -5.81 |
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Drawdowns
VHYA.L vs. IBTA.L - Drawdown Comparison
The maximum VHYA.L drawdown since its inception was -36.62%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for VHYA.L and IBTA.L.
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Drawdown Indicators
| VHYA.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -5.80% | -30.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -0.67% | -7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -0.89% | -11.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -5.70% | -15.38% |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -0.96% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.19% | +2.00% |
Volatility
VHYA.L vs. IBTA.L - Volatility Comparison
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulation (VHYA.L) has a higher volatility of 2.66% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.52%. This indicates that VHYA.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYA.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 0.52% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 1.16% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 1.57% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.74% | 2.18% | +11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 1.93% | +14.50% |
VHYA.L vs. IBTA.L - Expense Ratio Comparison
VHYA.L has a 0.29% expense ratio, which is higher than IBTA.L's 0.07% expense ratio.
Dividends
VHYA.L vs. IBTA.L - Dividend Comparison
Neither VHYA.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
VHYA.L and IBTA.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.29% for VHYA.L.
VHYA.L is categorized as Dividend, while IBTA.L is Government Bonds. VHYA.L tracks FTSE All-World High Dividend Yield Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VHYA.L and 0.07% for IBTA.L.
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