XT01.L vs. MUNI.L
Compare and contrast key facts about Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) and Invesco US Municipal Bond UCITS ETF Dist (MUNI.L).
XT01.L and MUNI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XT01.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg US Government TR USD. It was launched on Sep 3, 2020. MUNI.L is a passively managed fund by Invesco that tracks the performance of the ICE BofA US Taxable Municipal Securities Plus Index. It was launched on Feb 10, 2021. Both XT01.L and MUNI.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XT01.L vs. MUNI.L - Performance Comparison
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XT01.L vs. MUNI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.82% | -2.80% | 6.91% | -0.75% | 12.89% | 4.36% |
MUNI.L Invesco US Municipal Bond UCITS ETF Dist | 2.30% | -0.23% | 3.22% | 1.75% | -10.36% | 8.12% |
Different Trading Currencies
XT01.L is traded in GBP, while MUNI.L is traded in USD. To make them comparable, the MUNI.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 1.82% return, which is significantly lower than MUNI.L's 2.30% return.
XT01.L
- 1D
- -0.85%
- 1M
- 0.65%
- YTD
- 1.82%
- 6M
- 3.02%
- 1Y
- 0.93%
- 3Y*
- 2.17%
- 5Y*
- 4.01%
- 10Y*
- —
MUNI.L
- 1D
- 0.08%
- 1M
- -0.44%
- YTD
- 2.30%
- 6M
- 3.04%
- 1Y
- 2.11%
- 3Y*
- 1.70%
- 5Y*
- 0.90%
- 10Y*
- —
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XT01.L vs. MUNI.L - Expense Ratio Comparison
XT01.L has a 0.07% expense ratio, which is lower than MUNI.L's 0.28% expense ratio.
Return for Risk
XT01.L vs. MUNI.L — Risk / Return Rank
XT01.L
MUNI.L
XT01.L vs. MUNI.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 Invesco US Municipal Bond UCITS ETF Dist (MUNI.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.
| XT01.L | MUNI.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.46 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.24 | 0.71 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.09 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.45 | -0.26 |
Martin ratioReturn relative to average drawdown | 0.36 | 1.05 | -0.69 |
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.L | MUNI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.46 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.16 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.13 | +0.14 |
Correlation
The correlation between XT01.L and MUNI.L is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
XT01.L vs. MUNI.L - Dividend Comparison
XT01.L has not paid dividends to shareholders, while MUNI.L's dividend yield for the trailing twelve months is around 4.56%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MUNI.L Invesco US Municipal Bond UCITS ETF Dist | 4.56% | 4.52% | 4.60% | 4.09% | 3.19% | 2.01% |
Drawdowns
XT01.L vs. MUNI.L - Drawdown Comparison
The maximum XT01.L drawdown since its inception was -15.31%, roughly equal to the maximum MUNI.L drawdown of -15.64%. Use the drawdown chart below to compare losses from any high point for XT01.L and MUNI.L.
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Drawdown Indicators
| XT01.L | MUNI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -23.73% | +8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -3.97% | -2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -23.73% | +8.42% |
Current DrawdownCurrent decline from peak | -5.41% | -5.98% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -11.78% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.80% | +0.67% |
Volatility
XT01.L vs. MUNI.L - Volatility Comparison
The current volatility for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) is 2.15%, while Invesco US Municipal Bond UCITS ETF Dist (MUNI.L) has a volatility of 2.96%. This indicates that XT01.L experiences smaller price fluctuations and is considered to be less risky than MUNI.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 | MUNI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 2.96% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.98% | 11.79% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.36% | 19.13% | -10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 19.05% | -10.67% |