VUTA.L vs. UB82.L

Last updated Jun 26, 2026

VUTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - VUTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, VUTA.L returned 0.70%/yr vs -0.10%/yr for UB82.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.

Performance

VUTA.L vs. UB82.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VUTA.L is traded in GBP, while UB82.L is traded in GBp. To make them comparable, the UB82.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VUTA.L achieves a 2.37% return, which is significantly higher than UB82.L's 2.02% return.

VUTA.L

• 1D: -0.19%
• 1M: 2.78%
• YTD: 2.37%
• 6M: 2.99%
• 1Y: 6.76%
• 3Y*: 1.73%
• 5Y*: 0.70%
• 10Y*: —

UB82.L

• 1D: -0.20%
• 1M: 2.27%
• YTD: 2.02%
• 6M: 2.75%
• 1Y: 5.88%
• 3Y*: 1.22%
• 5Y*: -0.10%
• 10Y*: 0.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VUTA.L vs. UB82.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating	2.37%	-1.12%	2.51%	-1.91%	-1.88%	-1.09%	3.97%	-19.38%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	2.02%	-0.40%	1.34%	-2.28%	-4.86%	-1.84%	5.95%	5.81%

Correlation

The correlation between VUTA.L and UB82.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019	0.97

The correlation between VUTA.L and UB82.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

VUTA.L vs. UB82.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VUTA.L

VUTA.L Risk / Return Rank: 31
VUTA.L Sharpe Ratio Rank: 34
VUTA.L Sortino Ratio Rank: 35
VUTA.L Omega Ratio Rank: 31
VUTA.L Calmar Ratio Rank: 28
VUTA.L Martin Ratio Rank: 25

UB82.L

UB82.L Risk / Return Rank: 27
UB82.L Sharpe Ratio Rank: 29
UB82.L Sortino Ratio Rank: 29
UB82.L Omega Ratio Rank: 26
UB82.L Calmar Ratio Rank: 26
UB82.L Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VUTA.L vs. UB82.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) and UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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.

	VUTA.L	UB82.L	Difference
Sharpe ratio: Return per unit of total volatility	1.11	0.98	+0.13
Sortino ratio: Return per unit of downside risk	1.71	1.50	+0.21
Omega ratio: Gain probability vs. loss probability	1.20	1.17	+0.03
Calmar ratio: Return relative to maximum drawdown	1.30	1.21	+0.09
Martin ratio: Return relative to average drawdown	3.06	2.94	+0.11

VUTA.L vs. UB82.L - Sharpe Ratio Comparison

The current VUTA.L Sharpe Ratio is 1.11, which is comparable to the UB82.L Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of VUTA.L and UB82.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VUTA.L vs. UB82.L - Drawdown Comparison

The maximum VUTA.L drawdown since its inception was -25.05%, smaller than the maximum UB82.L drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for VUTA.L and UB82.L.

Drawdown Indicators

	VUTA.L	UB82.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.05%	-44.55%	+19.50%
Max Drawdown (1Y) Largest decline over 1 year	-5.19%	-4.86%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-7.79%	-13.27%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	-16.40%	-4.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.42%	—
Current Drawdown Current decline from peak	-17.20%	-21.47%	+4.27%
Average Drawdown Average peak-to-trough decline	-17.91%	-23.84%	+5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	1.99%	+0.21%

Volatility

VUTA.L vs. UB82.L - Volatility Comparison

Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) has a higher volatility of 1.69% compared to UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) at 1.51%. This indicates that VUTA.L's price experiences larger fluctuations and is considered to be riskier than UB82.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUTA.L	UB82.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.69%	1.51%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	4.48%	4.38%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	6.05%	5.96%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	9.43%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	10.06%	+7.25%

VUTA.L vs. UB82.L - Expense Ratio Comparison

Both VUTA.L and UB82.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

VUTA.L vs. UB82.L - Dividend Comparison

VUTA.L has not paid dividends to shareholders, while UB82.L's dividend yield for the trailing twelve months is around 3.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.04%	2.20%	2.49%	2.80%	1.34%	1.02%	1.82%	1.98%	2.70%	1.92%	0.84%	0.83%
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%	0.00%

Frequently Asked Questions

Can I hold both VUTA.L and UB82.L in my portfolio?

With a correlation of 0.96, VUTA.L and UB82.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VUTA.L or UB82.L?

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUTA.L or UB82.L?

VUTA.L and UB82.L have the same expense ratio: 0.05% per year.

What is the main difference between VUTA.L and UB82.L?

VUTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while UB82.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: Vanguard and UBS.