VUTY.L vs. VDTY.L
VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) and VDTY.L (Vanguard USD Treasury Bond UCITS ETF) are both Government Bonds funds from Vanguard tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, VUTY.L returned 0.80%/yr vs 0.83%/yr for VDTY.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
VUTY.L vs. VDTY.L - Performance Comparison
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Different Trading Currencies
VUTY.L is traded in GBP, while VDTY.L is traded in USD. To make them comparable, the VDTY.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 VDTY.L slightly higher at 2.45%. Both investments have delivered pretty close results over the past 10 years, with VUTY.L having a 0.80% annualized return and VDTY.L not far ahead at 0.83%.
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%
VDTY.L
- 1D
- -0.03%
- 1M
- 2.94%
- YTD
- 2.45%
- 6M
- 3.08%
- 1Y
- 7.19%
- 3Y*
- 1.73%
- 5Y*
- 0.68%
- 10Y*
- 0.83%
VUTY.L vs. VDTY.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% |
VDTY.L Vanguard USD Treasury Bond UCITS ETF | 2.45% | -1.29% | 2.60% | -1.41% | -1.88% | -1.48% | 4.51% | 2.99% | 6.76% | -6.51% |
Correlation
The correlation between VUTY.L and VDTY.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.85 |
The correlation between VUTY.L and VDTY.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
VUTY.L vs. VDTY.L — Risk / Return Rank
VUTY.L
VDTY.L
VUTY.L vs. VDTY.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 Vanguard USD Treasury Bond UCITS ETF (VDTY.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 | VDTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.25 | +0.03 |
| Martin ratioReturn relative to average drawdown | 3.01 | 3.04 | -0.04 |
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Drawdowns
VUTY.L vs. VDTY.L - Drawdown Comparison
The maximum VUTY.L drawdown since its inception was -22.66%, roughly equal to the maximum VDTY.L drawdown of -22.87%. Use the drawdown chart below to compare losses from any high point for VUTY.L and VDTY.L.
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Drawdown Indicators
| VUTY.L | VDTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -22.87% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -5.75% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -8.56% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -16.81% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -22.66% | -22.87% | +0.21% |
Current DrawdownCurrent decline from peak | -15.81% | -15.88% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -12.83% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.36% | -0.12% |
Volatility
VUTY.L vs. VDTY.L - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) and Vanguard USD Treasury Bond UCITS ETF (VDTY.L) have volatilities of 1.69% and 1.71%, 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
| VUTY.L | VDTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.71% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | 5.19% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 6.55% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.68% | 8.99% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.40% | 9.55% | -0.15% |
VUTY.L vs. VDTY.L - Expense Ratio Comparison
Both VUTY.L and VDTY.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. VDTY.L - Dividend Comparison
VUTY.L's dividend yield for the trailing twelve months is around 4.18%, less than VDTY.L's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VDTY.L Vanguard USD Treasury Bond UCITS ETF | 4.24% | 4.29% | 4.07% | 3.40% | 2.09% | 1.21% | 1.54% | 2.34% | 2.33% | 1.57% | 0.99% |
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% |
Frequently Asked Questions
VUTY.L and VDTY.L have a correlation of 0.77, 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 VDTY.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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