XUT3.L vs. IBTU.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both Government Bonds funds - XUT3.L tracks the iBoxx USD Treasuries 1-3 Index while IBTU.L tracks the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, XUT3.L returned 1.86%/yr vs 3.38%/yr for IBTU.L. At a 0.24 correlation, their price movements are largely independent. XUT3.L charges 0.06%/yr vs 0.07%/yr for IBTU.L.
Performance
XUT3.L vs. IBTU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUT3.L achieves a 0.54% return, which is significantly lower than IBTU.L's 1.39% 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%
IBTU.L
- 1D
- 0.01%
- 1M
- 0.30%
- YTD
- 1.39%
- 6M
- 1.78%
- 1Y
- 3.98%
- 3Y*
- 4.74%
- 5Y*
- 3.38%
- 10Y*
- —
XUT3.L vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 3.18% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 1.39% | 4.36% | 5.23% | 4.96% | 1.09% | -0.01% | 0.96% | 1.94% |
Correlation
The correlation between XUT3.L and IBTU.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUT3.L vs. IBTU.L — Risk / Return Rank
XUT3.L
IBTU.L
XUT3.L vs. IBTU.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 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.
| XUT3.L | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.06 | ||
| Sortino ratioReturn per unit of downside risk | -12.20 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 3.95 | -2.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 24.79 | -19.69 |
| Martin ratioReturn relative to average drawdown | 20.02 | 183.92 | -163.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XUT3.L | IBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 8.12 | -5.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 6.79 | -5.81 |
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 | 5.05 | -3.92 |
Drawdowns
XUT3.L vs. IBTU.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, which is greater than IBTU.L's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for XUT3.L and IBTU.L.
Loading charts...
Drawdown Indicators
| XUT3.L | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -0.62% | -4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -0.16% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -0.16% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -0.29% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.03% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.02% | +0.15% |
Volatility
XUT3.L vs. IBTU.L - Volatility Comparison
Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) has a higher volatility of 0.41% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 0.08%. This indicates that XUT3.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.
Loading charts...
Volatility by Period
| XUT3.L | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.08% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 0.31% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 0.49% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 0.50% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 0.54% | +0.96% |
XUT3.L vs. IBTU.L - Expense Ratio Comparison
XUT3.L has a 0.06% expense ratio, which is lower than IBTU.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. IBTU.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, less than IBTU.L's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 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 IBTU.L have a correlation of 0.15, 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 IBTU.L.
XUT3.L tracks iBoxx USD Treasuries 1-3 Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XUT3.L and 0.07% for IBTU.L.
Find the right allocation for XUT3.L and IBTU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer