VUAA.L vs. IBTA.L
VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - VUAA.L is a S&P 500 fund tracking the S&P 500 Net Total Return, 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, VUAA.L returned 13.71%/yr vs 1.87%/yr for IBTA.L. At a correlation of -0.00, they often move in opposite directions. Both charge a 0.07% expense ratio.
Performance
VUAA.L vs. IBTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.L achieves a 10.32% return, which is significantly higher than IBTA.L's 0.46% return.
VUAA.L
- 1D
- 0.00%
- 1M
- 4.49%
- YTD
- 10.32%
- 6M
- 11.14%
- 1Y
- 27.80%
- 3Y*
- 22.16%
- 5Y*
- 13.71%
- 10Y*
- —
IBTA.L
- 1D
- 0.13%
- 1M
- 0.13%
- YTD
- 0.46%
- 6M
- 0.92%
- 1Y
- 3.43%
- 3Y*
- 4.23%
- 5Y*
- 1.87%
- 10Y*
- —
VUAA.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation | 10.32% | 17.37% | 25.27% | 26.68% | -18.63% | 29.34% | 17.66% | 12.72% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.46% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 2.11% |
Correlation
The correlation between VUAA.L and IBTA.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 17, 2019 | -0.00 |
The correlation between VUAA.L and IBTA.L shifts across timeframes, from -0.00 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VUAA.L vs. IBTA.L — Risk / Return Rank
VUAA.L
IBTA.L
VUAA.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.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.
| VUAA.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.59 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 4.62 | -1.23 |
| Martin ratioReturn relative to average drawdown | 14.52 | 17.47 | -2.95 |
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
| VUAA.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.80 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.93 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.08 | -0.18 |
Drawdowns
VUAA.L vs. IBTA.L - Drawdown Comparison
The maximum VUAA.L drawdown since its inception was -34.05%, 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 VUAA.L and IBTA.L.
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Drawdown Indicators
| VUAA.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.05% | -5.80% | -28.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -0.74% | -7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -0.89% | -17.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -5.70% | -18.66% |
Current DrawdownCurrent decline from peak | -0.54% | -0.13% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -0.97% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.20% | +1.71% |
Volatility
VUAA.L vs. IBTA.L - Volatility Comparison
Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L) has a higher volatility of 3.18% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.43%. This indicates that VUAA.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
| VUAA.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 0.43% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 0.86% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 1.23% | +10.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 2.00% | +14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 1.76% | +16.02% |
VUAA.L vs. IBTA.L - Expense Ratio Comparison
Both VUAA.L and IBTA.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VUAA.L vs. IBTA.L - Dividend Comparison
Neither VUAA.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
VUAA.L and IBTA.L have a correlation of 0.15, 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 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.L and IBTA.L have the same expense ratio: 0.07% per year.
VUAA.L is categorized as S&P 500, while IBTA.L is Government Bonds. VUAA.L tracks S&P 500 Net Total Return, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Vanguard and iShares.
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