XT01.L vs. IBTA.L
XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both Government Bonds funds - XT01.L tracks the FTSE US Treasury Short Duration Index while IBTA.L tracks the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, XT01.L returned 3.95%/yr vs 2.40%/yr for IBTA.L. A 0.78 correlation means they provide meaningful diversification when combined. XT01.L charges 0.06%/yr vs 0.07%/yr for IBTA.L.
Performance
XT01.L vs. IBTA.L - Performance Comparison
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Different Trading Currencies
XT01.L is traded in GBP, while IBTA.L is traded in USD. To make them comparable, the IBTA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XT01.L achieves a 1.86% return, which is significantly higher than IBTA.L's 0.82% return.
XT01.L
- 1D
- 0.23%
- 1M
- -0.15%
- 6M
- 1.20%
- YTD
- 1.86%
- 1Y
- 3.53%
- 3Y*
- 3.64%
- 5Y*
- 3.95%
- 10Y*
- —
IBTA.L
- 1D
- 0.17%
- 1M
- -1.06%
- 6M
- 0.26%
- YTD
- 0.82%
- 1Y
- 3.01%
- 3Y*
- 3.17%
- 5Y*
- 2.40%
- 10Y*
- —
XT01.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.86% | -2.79% | 6.91% | -0.75% | 12.89% | 1.36% | -4.63% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.82% | -2.17% | 5.89% | -1.00% | 7.69% | 0.30% | -4.77% |
Correlation
The correlation between XT01.L and IBTA.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.78 |
The correlation between XT01.L and IBTA.L has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
XT01.L vs. IBTA.L — Risk / Return Rank
XT01.L
IBTA.L
XT01.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| XT01.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.56 | +0.23 |
| Martin ratioReturn relative to average drawdown | 1.96 | 1.52 | +0.44 |
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Drawdowns
XT01.L vs. IBTA.L - Drawdown Comparison
The maximum XT01.L drawdown since its inception was -15.30%, smaller than the maximum IBTA.L drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for XT01.L and IBTA.L.
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Drawdown Indicators
| XT01.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.30% | -18.45% | +3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -4.47% | -5.34% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -9.28% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.30% | -16.66% | +1.36% |
Current DrawdownCurrent decline from peak | -5.37% | -7.84% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -8.98% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.98% | -0.18% |
Volatility
XT01.L vs. IBTA.L - Volatility Comparison
The current volatility for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) is 1.26%, while iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) has a volatility of 1.80%. This indicates that XT01.L experiences smaller price fluctuations and is considered to be less risky than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XT01.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.80% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.72% | 5.10% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 6.54% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.35% | 8.28% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.30% | 8.53% | -0.23% |
XT01.L vs. IBTA.L - Expense Ratio Comparison
XT01.L has a 0.06% expense ratio, which is lower than IBTA.L's 0.07% 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.L vs. IBTA.L - Dividend Comparison
Neither XT01.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
XT01.L and IBTA.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IBTA.L.
XT01.L tracks FTSE US Treasury Short Duration Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XT01.L and 0.07% for IBTA.L.
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