XUT3.L vs. VDST.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) are both Government Bonds funds - XUT3.L tracks the iBoxx USD Treasuries 1-3 Index while VDST.L tracks the Bloomberg Short Treasury Index. Both are passively managed. Over the past 5 years, XUT3.L returned 1.86%/yr vs 3.36%/yr for VDST.L. At a 0.25 correlation, their price movements are largely independent. XUT3.L charges 0.06%/yr vs 0.05%/yr for VDST.L.
Performance
XUT3.L vs. VDST.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 lower than VDST.L's 1.46% 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%
VDST.L
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.46%
- 6M
- 1.75%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.36%
- 10Y*
- —
XUT3.L vs. VDST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 0.09% |
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 1.46% | 4.26% | 5.24% | 4.98% | 0.95% | 0.01% | 0.03% |
Correlation
The correlation between XUT3.L and VDST.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.25 |
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Return for Risk
XUT3.L vs. VDST.L — Risk / Return Rank
XUT3.L
VDST.L
XUT3.L vs. VDST.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 Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.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 | VDST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.25 | ||
| Sortino ratioReturn per unit of downside risk | -17.12 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 4.88 | -3.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 36.06 | -30.96 |
| Martin ratioReturn relative to average drawdown | 20.02 | 244.57 | -224.55 |
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 | VDST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 9.31 | -6.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 8.05 | -7.06 |
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 | 7.83 | -6.69 |
Drawdowns
XUT3.L vs. VDST.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, which is greater than VDST.L's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for XUT3.L and VDST.L.
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Drawdown Indicators
| XUT3.L | VDST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -0.36% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -0.11% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -0.15% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -0.36% | -5.09% |
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. VDST.L - Volatility Comparison
Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) has a higher volatility of 0.41% compared to Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) at 0.12%. This indicates that XUT3.L's price experiences larger fluctuations and is considered to be riskier than VDST.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 | VDST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 0.12% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 0.33% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 0.42% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 0.47% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 0.46% | +1.04% |
XUT3.L vs. VDST.L - Expense Ratio Comparison
XUT3.L has a 0.06% expense ratio, which is higher than VDST.L's 0.05% expense ratio. However, 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. VDST.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, while VDST.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 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 VDST.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDST.L is cheaper with a 0.05% expense ratio, compared with 0.06% for XUT3.L.
XUT3.L tracks iBoxx USD Treasuries 1-3 Index, while VDST.L tracks Bloomberg Short Treasury Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.06% for XUT3.L and 0.05% for VDST.L.
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