XUTD.L vs. IBTA.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both Government Bonds funds - XUTD.L tracks the iBoxx USD Treasuries Index while IBTA.L tracks the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, XUTD.L returned -0.36%/yr vs 1.92%/yr for IBTA.L. A 0.59 correlation means they provide meaningful diversification when combined. XUTD.L charges 0.06%/yr vs 0.07%/yr for IBTA.L.
Performance
XUTD.L vs. IBTA.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.L achieves a 0.46% return, which is significantly lower than IBTA.L's 0.51% return.
XUTD.L
- 1D
- 0.14%
- 1M
- 1.11%
- YTD
- 0.46%
- 6M
- 0.84%
- 1Y
- 3.75%
- 3Y*
- 3.06%
- 5Y*
- -0.36%
- 10Y*
- 0.80%
IBTA.L
- 1D
- 0.00%
- 1M
- 0.34%
- YTD
- 0.51%
- 6M
- 0.85%
- 1Y
- 3.12%
- 3Y*
- 4.33%
- 5Y*
- 1.92%
- 10Y*
- —
XUTD.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | 0.46% | 6.38% | 0.77% | 3.90% | -12.78% | -2.45% | 7.94% | 7.21% | 0.66% | 0.84% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.51% | 5.34% | 4.07% | 4.21% | -3.75% | -0.64% | 3.14% | 3.62% | 1.40% | -0.20% |
Correlation
The correlation between XUTD.L and IBTA.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.59 |
The correlation between XUTD.L and IBTA.L shifts across timeframes, from 0.54 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUTD.L vs. IBTA.L — Risk / Return Rank
XUTD.L
IBTA.L
XUTD.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XUTD.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.55 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 4.62 | -3.40 |
| Martin ratioReturn relative to average drawdown | 3.46 | 15.80 | -12.33 |
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Drawdowns
XUTD.L vs. IBTA.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for XUTD.L and IBTA.L.
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Drawdown Indicators
| XUTD.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -5.80% | -13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -0.67% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.34% | -0.89% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -5.70% | -11.31% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -6.90% | 0.00% | -6.90% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -0.96% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.20% | +0.88% |
Volatility
XUTD.L vs. IBTA.L - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) has a higher volatility of 1.00% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.52%. This indicates that XUTD.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.52% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 1.13% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 1.58% | +2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 2.17% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 1.93% | +3.11% |
XUTD.L vs. IBTA.L - Expense Ratio Comparison
XUTD.L has a 0.06% expense ratio, which is lower than IBTA.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
XUTD.L vs. IBTA.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.45%, while IBTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | 3.45% | 3.27% | 3.65% | 2.39% | 1.95% | 3.42% | 1.08% | 1.47% | 1.35% | 1.34% | 2.12% |
Frequently Asked Questions
XUTD.L and IBTA.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTD.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.L is cheaper with a 0.06% expense ratio, compared with 0.07% for IBTA.L.
XUTD.L tracks iBoxx USD Treasuries Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for XUTD.L and 0.07% for IBTA.L.
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