VUTY.L vs. UB74.L
VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) and UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while UB74.L tracks the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, VUTY.L returned 0.80%/yr vs 1.62%/yr for UB74.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
VUTY.L vs. UB74.L - Performance Comparison
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Different Trading Currencies
VUTY.L is traded in GBP, while UB74.L is traded in GBp. To make them comparable, the UB74.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VUTY.L having a 2.35% return and UB74.L slightly higher at 2.45%. Over the past 10 years, VUTY.L has underperformed UB74.L with an annualized return of 0.80%, while UB74.L has yielded a comparatively higher 1.62% annualized return.
VUTY.L
- 1D
- -0.25%
- 1M
- 2.73%
- YTD
- 2.35%
- 6M
- 2.99%
- 1Y
- 6.74%
- 3Y*
- 1.72%
- 5Y*
- 0.70%
- 10Y*
- 0.80%
UB74.L
- 1D
- -0.27%
- 1M
- 2.02%
- YTD
- 2.45%
- 6M
- 3.07%
- 1Y
- 6.30%
- 3Y*
- 2.90%
- 5Y*
- 2.88%
- 10Y*
- 1.62%
VUTY.L vs. UB74.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 2.35% | -1.14% | 2.53% | -1.95% | -1.84% | -1.13% | 4.01% | 3.66% | 6.64% | -6.80% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 2.45% | -2.06% | 5.76% | -1.66% | 7.62% | 0.57% | -0.46% | 0.26% | 7.13% | -8.67% |
Correlation
The correlation between VUTY.L and UB74.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.90 |
The correlation between VUTY.L and UB74.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
VUTY.L vs. UB74.L — Risk / Return Rank
VUTY.L
UB74.L
VUTY.L vs. UB74.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) and UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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.
| VUTY.L | UB74.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.36 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.01 | 3.46 | -0.46 |
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Drawdowns
VUTY.L vs. UB74.L - Drawdown Comparison
The maximum VUTY.L drawdown since its inception was -22.66%, smaller than the maximum UB74.L drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for VUTY.L and UB74.L.
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Drawdown Indicators
| VUTY.L | UB74.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -41.53% | +18.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.61% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -8.93% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -16.34% | +0.17% |
Max Drawdown (10Y)Largest decline over 10 years | -22.66% | -18.81% | -3.85% |
Current DrawdownCurrent decline from peak | -15.81% | -9.00% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -21.38% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.81% | +0.43% |
Volatility
VUTY.L vs. UB74.L - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) has a higher volatility of 1.69% compared to UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) at 1.57%. This indicates that VUTY.L's price experiences larger fluctuations and is considered to be riskier than UB74.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUTY.L | UB74.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.57% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | 4.50% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 6.16% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 8.07% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 8.76% | +0.64% |
VUTY.L vs. UB74.L - Expense Ratio Comparison
Both VUTY.L and UB74.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
VUTY.L vs. UB74.L - Dividend Comparison
VUTY.L's dividend yield for the trailing twelve months is around 4.18%, more than UB74.L's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.63% | 4.94% | 3.67% | 2.22% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.18% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% | 0.00% |
Frequently Asked Questions
VUTY.L and UB74.L have a correlation of 0.89, 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 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L and UB74.L have the same expense ratio: 0.05% per year.
VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index. They also come from different issuers: Vanguard and UBS.
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