VUAA.L vs. IBTM.L
VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) and IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both exchange-traded funds - VUAA.L is a S&P 500 fund tracking the S&P 500 Net Total Return, while IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 5 years, VUAA.L returned 13.22%/yr vs -1.11%/yr for IBTM.L. At a correlation of -0.16, they often move in opposite directions. Both charge a 0.07% expense ratio.
Performance
VUAA.L vs. IBTM.L - Performance Comparison
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Different Trading Currencies
VUAA.L is traded in USD, while IBTM.L is traded in GBP. To make them comparable, the IBTM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUAA.L achieves a 8.41% return, which is significantly higher than IBTM.L's -0.89% return.
VUAA.L
- 1D
- 2.02%
- 1M
- 0.41%
- YTD
- 8.41%
- 6M
- 9.69%
- 1Y
- 24.57%
- 3Y*
- 20.75%
- 5Y*
- 13.22%
- 10Y*
- —
IBTM.L
- 1D
- -0.43%
- 1M
- 0.17%
- YTD
- -0.89%
- 6M
- -0.39%
- 1Y
- 3.30%
- 3Y*
- 2.85%
- 5Y*
- -1.11%
- 10Y*
- 0.65%
VUAA.L vs. IBTM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation | 8.41% | 17.37% | 25.27% | 26.68% | -18.63% | 29.34% | 20.33% | 14.82% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.89% | 8.50% | -0.23% | 2.90% | -14.92% | -2.66% | 9.27% | 5.54% |
Correlation
The correlation between VUAA.L and IBTM.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | -0.16 |
The correlation between VUAA.L and IBTM.L shifts across timeframes, from -0.16 (all time) to 0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VUAA.L vs. IBTM.L — Risk / Return Rank
VUAA.L
IBTM.L
VUAA.L vs. IBTM.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 7-10yr UCITS ETF (Dist) (IBTM.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.
| VUAA.L | IBTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.10 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 0.79 | +2.21 |
| Martin ratioReturn relative to average drawdown | 12.46 | 2.26 | +10.20 |
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Drawdowns
VUAA.L vs. IBTM.L - Drawdown Comparison
The maximum VUAA.L drawdown since its inception was -34.05%, smaller than the maximum IBTM.L drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for VUAA.L and IBTM.L.
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Drawdown Indicators
| VUAA.L | IBTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.05% | -53.26% | +19.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -4.18% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -7.61% | -10.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -21.13% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.64% | — |
Current DrawdownCurrent decline from peak | -2.26% | -20.74% | +18.48% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -29.38% | +24.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.46% | +0.51% |
Volatility
VUAA.L vs. IBTM.L - Volatility Comparison
Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L) has a higher volatility of 3.99% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) at 1.97%. This indicates that VUAA.L's price experiences larger fluctuations and is considered to be riskier than IBTM.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 | IBTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 1.97% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 4.20% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 5.76% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 8.51% | +7.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.81% | 7.83% | +9.98% |
VUAA.L vs. IBTM.L - Expense Ratio Comparison
Both VUAA.L and IBTM.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. IBTM.L - Dividend Comparison
VUAA.L has not paid dividends to shareholders, while IBTM.L's dividend yield for the trailing twelve months is around 4.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.36% | 4.19% | 3.94% | 3.16% | 1.96% | 1.14% | 1.69% | 2.53% | 2.34% | 2.02% | 1.79% | 1.97% |
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUAA.L and IBTM.L have a correlation of 0.03, 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 IBTM.L have the same expense ratio: 0.07% per year.
VUAA.L is categorized as S&P 500, while IBTM.L is Government Bonds. VUAA.L tracks S&P 500 Net Total Return, while IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: Vanguard and iShares.
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