XT01.DE vs. IS3M.DE
XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - XT01.DE is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, XT01.DE returned 4.31%/yr vs 2.10%/yr for IS3M.DE. At a correlation of -0.00, they often move in opposite directions. XT01.DE charges 0.06%/yr vs 0.09%/yr for IS3M.DE.
Performance
XT01.DE vs. IS3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XT01.DE achieves a 2.61% return, which is significantly higher than IS3M.DE's 0.92% return.
XT01.DE
- 1D
- -0.08%
- 1M
- 0.98%
- YTD
- 2.61%
- 6M
- 2.04%
- 1Y
- 2.13%
- 3Y*
- 1.88%
- 5Y*
- 4.31%
- 10Y*
- —
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.34%
- YTD
- 0.92%
- 6M
- 1.01%
- 1Y
- 2.26%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
XT01.DE vs. IS3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 2.61% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.76% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.08% |
Correlation
The correlation between XT01.DE and IS3M.DE is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.00 |
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Return for Risk
XT01.DE vs. IS3M.DE — Risk / Return Rank
XT01.DE
IS3M.DE
XT01.DE vs. IS3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) and iShares € Ultrashort Bond UCITS ETF (IS3M.DE). 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.
| XT01.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.64 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 7.59 | -6.96 |
| Martin ratioReturn relative to average drawdown | 1.33 | 49.96 | -48.63 |
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
| XT01.DE | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 2.95 | -2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 2.74 | -2.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.86 | -0.42 |
Drawdowns
XT01.DE vs. IS3M.DE - Drawdown Comparison
The maximum XT01.DE drawdown since its inception was -11.68%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for XT01.DE and IS3M.DE.
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Drawdown Indicators
| XT01.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.68% | -3.80% | -7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -0.30% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -11.68% | -0.47% | -11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -11.68% | -1.21% | -10.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -7.19% | -0.01% | -7.18% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -0.29% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 0.05% | +1.55% |
Volatility
XT01.DE vs. IS3M.DE - Volatility Comparison
Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a higher volatility of 1.25% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that XT01.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XT01.DE | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.29% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 0.59% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 0.76% | +5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.44% | 0.76% | +6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 1.11% | +6.15% |
XT01.DE vs. IS3M.DE - Expense Ratio Comparison
XT01.DE has a 0.06% expense ratio, which is lower than IS3M.DE's 0.09% 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
XT01.DE vs. IS3M.DE - Dividend Comparison
XT01.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
XT01.DE 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% | 0.00% |
Frequently Asked Questions
XT01.DE and IS3M.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.09% for IS3M.DE.
XT01.DE is categorized as Government Bonds, while IS3M.DE is Ultrashort Bond. XT01.DE tracks FTSE US Treasury Short Duration Index, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XT01.DE and 0.09% for IS3M.DE.
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