VWRA.L vs. IBTU.L
VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - VWRA.L is a Global Equities fund tracking the FTSE All-World Index, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, VWRA.L returned 10.67%/yr vs 3.42%/yr for IBTU.L. At a 0.01 correlation, their price movements are largely independent. VWRA.L charges 0.22%/yr vs 0.07%/yr for IBTU.L.
Performance
VWRA.L vs. IBTU.L - Performance Comparison
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Returns By Period
In the year-to-date period, VWRA.L achieves a 9.53% return, which is significantly higher than IBTU.L's 1.56% return.
VWRA.L
- 1D
- -0.09%
- 1M
- -1.05%
- YTD
- 9.53%
- 6M
- 9.44%
- 1Y
- 24.55%
- 3Y*
- 20.02%
- 5Y*
- 10.67%
- 10Y*
- —
IBTU.L
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.42%
- 10Y*
- —
VWRA.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 9.53% | 22.45% | 17.65% | 22.28% | -18.11% | 18.46% | 16.19% | 7.42% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.56% | 4.33% | 5.31% | 4.92% | 1.05% | 0.10% | 0.88% | 0.81% |
Correlation
The correlation between VWRA.L and IBTU.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.01 |
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Return for Risk
VWRA.L vs. IBTU.L — Risk / Return Rank
VWRA.L
IBTU.L
VWRA.L vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.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.
| VWRA.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 3.47 | -2.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 19.33 | -16.55 |
| Martin ratioReturn relative to average drawdown | 11.28 | 83.96 | -72.68 |
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Drawdowns
VWRA.L vs. IBTU.L - Drawdown Comparison
The maximum VWRA.L drawdown since its inception was -33.62%, which is greater than IBTU.L's maximum drawdown of -0.72%. Use the drawdown chart below to compare losses from any high point for VWRA.L and IBTU.L.
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Drawdown Indicators
| VWRA.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -0.72% | -32.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -0.20% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -0.20% | -16.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -0.40% | -25.66% |
Current DrawdownCurrent decline from peak | -2.59% | 0.00% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -0.06% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.05% | +2.12% |
Volatility
VWRA.L vs. IBTU.L - Volatility Comparison
Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a higher volatility of 4.25% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.28%. This indicates that VWRA.L's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRA.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 0.28% | +3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 0.82% | +9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 1.15% | +11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 1.02% | +14.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 0.95% | +16.28% |
VWRA.L vs. IBTU.L - Expense Ratio Comparison
VWRA.L has a 0.22% expense ratio, which is higher than IBTU.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VWRA.L vs. IBTU.L - Dividend Comparison
VWRA.L has not paid dividends to shareholders, while IBTU.L's dividend yield for the trailing twelve months is around 4.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.06% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWRA.L and IBTU.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.22% for VWRA.L.
VWRA.L is categorized as Global Equities, while IBTU.L is Government Bonds. VWRA.L tracks FTSE All-World Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VWRA.L and 0.07% for IBTU.L.
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