VUTY.L vs. UB82.L
VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 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 UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, VUTY.L returned 0.80%/yr vs 0.43%/yr for UB82.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.
Performance
VUTY.L vs. UB82.L - Performance Comparison
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Different Trading Currencies
VUTY.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, VUTY.L achieves a 2.35% return, which is significantly higher than UB82.L's 2.02% return. Over the past 10 years, VUTY.L has outperformed UB82.L with an annualized return of 0.80%, while UB82.L has yielded a comparatively lower 0.43% 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%
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%
VUTY.L vs. UB82.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% |
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% | 5.47% | 6.36% | -6.70% |
Correlation
The correlation between VUTY.L and UB82.L is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.97 |
The correlation between VUTY.L and UB82.L has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
VUTY.L vs. UB82.L — Risk / Return Rank
VUTY.L
UB82.L
VUTY.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 Distributing (VUTY.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.
| VUTY.L | UB82.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.21 | +0.07 |
| Martin ratioReturn relative to average drawdown | 3.01 | 2.94 | +0.06 |
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Drawdowns
VUTY.L vs. UB82.L - Drawdown Comparison
The maximum VUTY.L drawdown since its inception was -22.66%, smaller than the maximum UB82.L drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for VUTY.L and UB82.L.
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Drawdown Indicators
| VUTY.L | UB82.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -44.55% | +21.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.86% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -7.79% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -16.40% | +0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -22.66% | -27.42% | +4.76% |
Current DrawdownCurrent decline from peak | -15.81% | -21.47% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -23.84% | +11.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.99% | +0.25% |
Volatility
VUTY.L vs. UB82.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 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) at 1.51%. This indicates that VUTY.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.
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Volatility by Period
| VUTY.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 | 4.42% | 4.38% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 5.96% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 9.43% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 10.06% | -0.66% |
VUTY.L vs. UB82.L - Expense Ratio Comparison
Both VUTY.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
VUTY.L vs. UB82.L - Dividend Comparison
VUTY.L's dividend yield for the trailing twelve months is around 4.18%, more than UB82.L's 3.04% yield.
| 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% |
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
With a correlation of 0.95, VUTY.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.
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 UB82.L have the same expense ratio: 0.05% per year.
VUTY.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.
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