XUT3.L vs. XT01.L
XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds from Xtrackers - XUT3.L tracks the iBoxx USD Treasuries 1-3 Index while XT01.L tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, XUT3.L returned 1.86%/yr vs 3.37%/yr for XT01.L. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.06% expense ratio.
Performance
XUT3.L vs. XT01.L - Performance Comparison
Loading charts...
Different Trading Currencies
XUT3.L is traded in USD, while XT01.L is traded in GBP. To make them comparable, the XT01.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUT3.L achieves a 0.54% return, which is significantly lower than XT01.L's 1.35% 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%
XT01.L
- 1D
- 0.15%
- 1M
- 0.42%
- YTD
- 1.35%
- 6M
- 1.89%
- 1Y
- 3.98%
- 3Y*
- 4.64%
- 5Y*
- 3.37%
- 10Y*
- —
XUT3.L vs. XT01.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% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.35% | 4.54% | 5.13% | 4.49% | 0.82% | 0.44% | 0.55% |
Correlation
The correlation between XUT3.L and XT01.L is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | -0.01 |
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. XT01.L — Risk / Return Rank
XUT3.L
XT01.L
XUT3.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.17 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 4.57 | +0.53 |
| Martin ratioReturn relative to average drawdown | 20.02 | 13.51 | +6.51 |
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 | XT01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 0.95 | +2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.71 | +0.27 |
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 | 0.64 | +0.50 |
Drawdowns
XUT3.L vs. XT01.L - Drawdown Comparison
The maximum XUT3.L drawdown since its inception was -5.45%, which is greater than XT01.L's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for XUT3.L and XT01.L.
Loading charts...
Drawdown Indicators
| XUT3.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.45% | -2.42% | -3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.67% | -0.87% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -1.04% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -5.45% | -2.42% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -5.45% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.18% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.49% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.17% | 0.29% | -0.12% |
Volatility
XUT3.L vs. XT01.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) is 0.41%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.48%. This indicates that XUT3.L experiences smaller price fluctuations and is considered to be less risky than XT01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUT3.L | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 1.48% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 3.50% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.13% | 4.18% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.90% | 4.75% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 4.72% | -3.22% |
XUT3.L vs. XT01.L - Expense Ratio Comparison
Both XUT3.L and XT01.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUT3.L vs. XT01.L - Dividend Comparison
XUT3.L's dividend yield for the trailing twelve months is around 2.84%, while XT01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 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 XT01.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L and XT01.L have the same expense ratio: 0.06% per year.
XUT3.L tracks iBoxx USD Treasuries 1-3 Index, while XT01.L tracks FTSE US Treasury Short Duration Index.
Find the right allocation for XUT3.L and XT01.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