VUTA.L vs. VUTY.L
VUTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) 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, VUTA.L returned 0.65%/yr vs 0.61%/yr for VUTY.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.
Performance
VUTA.L vs. VUTY.L - Performance Comparison
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Returns By Period
In the year-to-date period, VUTA.L achieves a 0.03% return, which is significantly higher than VUTY.L's -0.16% return.
VUTA.L
- 1D
- 0.21%
- 1M
- 1.16%
- YTD
- 0.03%
- 6M
- -0.52%
- 1Y
- 4.50%
- 3Y*
- 0.21%
- 5Y*
- 0.65%
- 10Y*
- —
VUTY.L
- 1D
- 0.07%
- 1M
- 0.92%
- YTD
- -0.16%
- 6M
- -0.74%
- 1Y
- 4.32%
- 3Y*
- 0.23%
- 5Y*
- 0.61%
- 10Y*
- 1.68%
VUTA.L vs. VUTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.03% | -1.12% | 2.50% | -1.89% | -1.88% | -1.09% | 3.97% | 5.44% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.16% | -1.13% | 2.55% | -1.94% | -1.87% | -1.11% | 3.99% | 5.49% |
Correlation
The correlation between VUTA.L and VUTY.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.99 |
The correlation between VUTA.L and VUTY.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
VUTA.L vs. VUTY.L — Risk / Return Rank
VUTA.L
VUTY.L
VUTA.L vs. VUTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.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.
| VUTA.L | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.83 | +0.03 |
| Martin ratioReturn relative to average drawdown | 2.08 | 1.98 | +0.09 |
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
| VUTA.L | VUTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.73 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.07 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.13 | -0.04 |
Drawdowns
VUTA.L vs. VUTY.L - Drawdown Comparison
The maximum VUTA.L drawdown since its inception was -23.40%, roughly equal to the maximum VUTY.L drawdown of -22.63%. Use the drawdown chart below to compare losses from any high point for VUTA.L and VUTY.L.
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Drawdown Indicators
| VUTA.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -22.63% | -0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.21% | -5.25% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -8.20% | -8.27% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -16.17% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.63% | — |
Current DrawdownCurrent decline from peak | -18.49% | -17.85% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -15.38% | -12.63% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.20% | -0.04% |
Volatility
VUTA.L vs. VUTY.L - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Accumulating (VUTA.L) and Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) have volatilities of 1.39% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUTA.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.43% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.40% | 4.36% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 5.96% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.70% | 8.71% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.39% | 10.00% | -0.61% |
VUTA.L vs. VUTY.L - Expense Ratio Comparison
Both VUTA.L and VUTY.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. VUTY.L - Dividend Comparison
VUTA.L has not paid dividends to shareholders, while VUTY.L's dividend yield for the trailing twelve months is around 4.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.27% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
Frequently Asked Questions
With a correlation of 0.99, VUTA.L and VUTY.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.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VUTA.L and VUTY.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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