XUT3.L vs. DTLA.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) are both Government Bonds funds - XUT3.L tracks the iBoxx USD Treasuries 1-3 Index while DTLA.L tracks the ICE US Treasury 20+ Year Index. Both are passively managed. Over the past 5 years, XUT3.L returned 1.86%/yr vs -6.06%/yr for DTLA.L. A 0.59 correlation means they provide meaningful diversification when combined. XUT3.L charges 0.06%/yr vs 0.07%/yr for DTLA.L.
Performance
XUT3.L vs. DTLA.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUT3.L achieves a 0.54% return, which is significantly higher than DTLA.L's -0.98% return.
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
DTLA.L
- 1D
- 0.48%
- 1M
- 0.71%
- YTD
- -0.98%
- 6M
- -1.10%
- 1Y
- 3.98%
- 3Y*
- -1.52%
- 5Y*
- -6.06%
- 10Y*
- —
XUT3.L vs. DTLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.82% |
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.98% | 4.47% | -6.97% | 1.69% | -30.29% | -4.46% | 17.00% | 15.69% | 3.77% |
Correlation
The correlation between XUT3.L and DTLA.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.59 |
The correlation between XUT3.L and DTLA.L has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
XUT3.L vs. DTLA.L — Risk / Return Rank
XUT3.L
DTLA.L
XUT3.L vs. DTLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) and iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.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.
| XUT3.L | DTLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.07 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 0.53 | +4.57 |
| Martin ratioReturn relative to average drawdown | 20.02 | 1.34 | +18.68 |
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
| XUT3.L | DTLA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 0.41 | +2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | -0.41 | +1.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.14 | -0.07 | +1.21 |
Drawdowns
XUT3.L vs. DTLA.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, smaller than the maximum DTLA.L drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for XUT3.L and DTLA.L.
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Drawdown Indicators
| XUT3.L | DTLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -48.47% | +43.02% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -7.52% | +6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -18.61% | +17.70% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -42.87% | +37.42% |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -40.52% | +40.40% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -24.06% | +23.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 2.96% | -2.79% |
Volatility
XUT3.L vs. DTLA.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) is 0.41%, while iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) has a volatility of 3.37%. This indicates that XUT3.L experiences smaller price fluctuations and is considered to be less risky than DTLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUT3.L | DTLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 3.37% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 6.53% | -5.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 9.82% | -8.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 14.93% | -13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 14.78% | -13.28% |
XUT3.L vs. DTLA.L - Expense Ratio Comparison
XUT3.L has a 0.06% expense ratio, which is lower than DTLA.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
XUT3.L vs. DTLA.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, while DTLA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
XUT3.L and DTLA.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.07% for DTLA.L.
XUT3.L tracks iBoxx USD Treasuries 1-3 Index, while DTLA.L tracks ICE US Treasury 20+ Year Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XUT3.L and 0.07% for DTLA.L.
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