XUTD.DE vs. IS04.DE
XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) and IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both Government Bonds funds - XUTD.DE tracks the iBoxx USD Treasuries Index while IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, XUTD.DE returned 0.68%/yr vs -1.74%/yr for IS04.DE. A 0.80 correlation means they provide meaningful diversification when combined. XUTD.DE charges 0.06%/yr vs 0.07%/yr for IS04.DE.
Performance
XUTD.DE vs. IS04.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.DE achieves a 1.08% return, which is significantly higher than IS04.DE's 0.81% return. Over the past 10 years, XUTD.DE has outperformed IS04.DE with an annualized return of 0.68%, while IS04.DE has yielded a comparatively lower -1.74% annualized return.
XUTD.DE
- 1D
- 0.08%
- 1M
- 0.88%
- YTD
- 1.08%
- 6M
- 0.34%
- 1Y
- 1.80%
- 3Y*
- 0.11%
- 5Y*
- 0.47%
- 10Y*
- 0.68%
IS04.DE
- 1D
- 0.41%
- 1M
- 1.45%
- YTD
- 0.81%
- 6M
- -0.81%
- 1Y
- 2.13%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
XUTD.DE vs. IS04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 1.08% | -5.37% | 6.37% | 0.41% | -7.33% | 5.70% | -1.66% | 9.76% | 5.24% | -9.99% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -4.33% |
Correlation
The correlation between XUTD.DE and IS04.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2016 | 0.80 |
The correlation between XUTD.DE and IS04.DE has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
XUTD.DE vs. IS04.DE — Risk / Return Rank
XUTD.DE
IS04.DE
XUTD.DE vs. IS04.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE). 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.
| XUTD.DE | IS04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.29 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.12 | 0.62 | +0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XUTD.DE | IS04.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.22 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.34 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | -0.12 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.09 | +0.15 |
Drawdowns
XUTD.DE vs. IS04.DE - Drawdown Comparison
The maximum XUTD.DE drawdown since its inception was -18.01%, smaller than the maximum IS04.DE drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for XUTD.DE and IS04.DE.
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Drawdown Indicators
| XUTD.DE | IS04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.01% | -47.19% | +29.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.92% | -7.33% | +3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.06% | -18.47% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -40.05% | +26.99% |
Max Drawdown (10Y)Largest decline over 10 years | -18.01% | -47.19% | +29.18% |
Current DrawdownCurrent decline from peak | -13.39% | -43.69% | +30.30% |
Average DrawdownAverage peak-to-trough decline | -9.35% | -21.89% | +12.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.45% | -1.85% |
Volatility
XUTD.DE vs. IS04.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) is 0.92%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a volatility of 2.47%. This indicates that XUTD.DE experiences smaller price fluctuations and is considered to be less risky than IS04.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.DE | IS04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 2.47% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 6.52% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 9.70% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 15.21% | -7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 14.69% | -6.75% |
XUTD.DE vs. IS04.DE - Expense Ratio Comparison
XUTD.DE has a 0.06% expense ratio, which is lower than IS04.DE'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
XUTD.DE vs. IS04.DE - Dividend Comparison
XUTD.DE's dividend yield for the trailing twelve months is around 3.47%, less than IS04.DE's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.47% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.51% | 1.97% | 0.00% |
Frequently Asked Questions
XUTD.DE and IS04.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE is cheaper with a 0.06% expense ratio, compared with 0.07% for IS04.DE.
XUTD.DE tracks iBoxx USD Treasuries Index, while IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XUTD.DE and 0.07% for IS04.DE.
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