XUT3.L vs. VDTA.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - XUT3.L tracks the iBoxx USD Treasuries 1-3 Index while VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index. Both are passively managed. Over the past 5 years, XUT3.L returned 1.86%/yr vs -0.41%/yr for VDTA.L. A 0.74 correlation means they provide meaningful diversification when combined. XUT3.L charges 0.06%/yr vs 0.05%/yr for VDTA.L.
Performance
XUT3.L vs. VDTA.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 VDTA.L's -0.23% 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%
VDTA.L
- 1D
- 0.21%
- 1M
- 0.17%
- YTD
- -0.23%
- 6M
- 0.10%
- 1Y
- 3.61%
- 3Y*
- 2.87%
- 5Y*
- -0.41%
- 10Y*
- —
XUT3.L vs. VDTA.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% | 3.22% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.23% | 6.25% | 0.93% | 3.71% | -12.37% | -2.33% | 7.64% | 6.63% |
Correlation
The correlation between XUT3.L and VDTA.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.74 |
The correlation between XUT3.L and VDTA.L has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
XUT3.L vs. VDTA.L — Risk / Return Rank
XUT3.L
VDTA.L
XUT3.L vs. VDTA.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 USD Treasury Bond UCITS ETF Accumulating (VDTA.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 | VDTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.18 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 1.23 | +3.86 |
| Martin ratioReturn relative to average drawdown | 20.02 | 3.80 | +16.21 |
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 | VDTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 1.02 | +2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | -0.07 | +1.06 |
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 | 0.22 | +0.91 |
Drawdowns
XUT3.L vs. VDTA.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, smaller than the maximum VDTA.L drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for XUT3.L and VDTA.L.
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Drawdown Indicators
| XUT3.L | VDTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -18.82% | +13.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -2.90% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -5.15% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -16.41% | +10.96% |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -6.97% | +6.85% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -8.11% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.94% | -0.77% |
Volatility
XUT3.L vs. VDTA.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) is 0.41%, while Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) has a volatility of 1.37%. This indicates that XUT3.L experiences smaller price fluctuations and is considered to be less risky than VDTA.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 | VDTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 1.37% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 2.55% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 3.51% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 5.57% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 5.35% | -3.85% |
XUT3.L vs. VDTA.L - Expense Ratio Comparison
XUT3.L has a 0.06% expense ratio, which is higher than VDTA.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. VDTA.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, while VDTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VDTA.L Vanguard USD Treasury Bond UCITS ETF 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 VDTA.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDTA.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 VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.06% for XUT3.L and 0.05% for VDTA.L.
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