VUTY.L vs. XT01.L
VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds - VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while XT01.L tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, VUTY.L returned 0.68%/yr vs 4.47%/yr for XT01.L. A 0.79 correlation means they provide meaningful diversification when combined. VUTY.L charges 0.05%/yr vs 0.06%/yr for XT01.L.
Performance
VUTY.L vs. XT01.L - Performance Comparison
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Returns By Period
In the year-to-date period, VUTY.L achieves a 0.19% return, which is significantly lower than XT01.L's 1.60% return.
VUTY.L
- 1D
- 0.19%
- 1M
- 1.15%
- YTD
- 0.19%
- 6M
- -0.42%
- 1Y
- 4.89%
- 3Y*
- 0.23%
- 5Y*
- 0.68%
- 10Y*
- 1.75%
XT01.L
- 1D
- 0.10%
- 1M
- 1.50%
- YTD
- 1.60%
- 6M
- 0.93%
- 1Y
- 5.18%
- 3Y*
- 2.01%
- 5Y*
- 4.47%
- 10Y*
- —
VUTY.L vs. XT01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 0.19% | -1.14% | 2.53% | -1.95% | -1.84% | -1.13% | -6.36% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.60% | -2.80% | 6.91% | -0.75% | 12.89% | 1.36% | -5.72% |
Correlation
The correlation between VUTY.L and XT01.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.79 |
The correlation between VUTY.L and XT01.L has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
VUTY.L vs. XT01.L — Risk / Return Rank
VUTY.L
XT01.L
VUTY.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| VUTY.L | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.11 | -0.18 |
| Martin ratioReturn relative to average drawdown | 2.22 | 2.77 | -0.55 |
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
| VUTY.L | XT01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.77 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.53 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.26 | -0.11 |
Drawdowns
VUTY.L vs. XT01.L - Drawdown Comparison
The maximum VUTY.L drawdown since its inception was -22.66%, which is greater than XT01.L's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for VUTY.L and XT01.L.
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Drawdown Indicators
| VUTY.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -15.31% | -7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.48% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -9.75% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -15.31% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -22.66% | — | — |
Current DrawdownCurrent decline from peak | -17.58% | -5.62% | -11.96% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -7.30% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.80% | +0.40% |
Volatility
VUTY.L vs. XT01.L - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) is 1.41%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.90%. This indicates that VUTY.L experiences smaller price fluctuations and is considered to be less risky than XT01.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 | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.90% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 4.68% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.44% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 8.37% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.99% | 8.34% | +1.65% |
VUTY.L vs. XT01.L - Expense Ratio Comparison
VUTY.L has a 0.05% expense ratio, which is lower than XT01.L's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VUTY.L vs. XT01.L - Dividend Comparison
VUTY.L's dividend yield for the trailing twelve months is around 4.26%, while XT01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.26% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 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
VUTY.L and XT01.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.06% for XT01.L.
VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while XT01.L tracks FTSE US Treasury Short Duration Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.05% for VUTY.L and 0.06% for XT01.L.
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