XUTD.L vs. VDST.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) are both Government Bonds funds - XUTD.L tracks the iBoxx USD Treasuries Index while VDST.L tracks the Bloomberg Short Treasury Index. Both are passively managed. Over the past 5 years, XUTD.L returned -0.44%/yr vs 3.36%/yr for VDST.L. At a 0.17 correlation, their price movements are largely independent. XUTD.L charges 0.06%/yr vs 0.05%/yr for VDST.L.
Performance
XUTD.L vs. VDST.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUTD.L achieves a -0.22% return, which is significantly lower than VDST.L's 1.46% return.
XUTD.L
- 1D
- 0.20%
- 1M
- 0.21%
- YTD
- -0.22%
- 6M
- 0.03%
- 1Y
- 3.70%
- 3Y*
- 2.89%
- 5Y*
- -0.44%
- 10Y*
- 0.90%
VDST.L
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.46%
- 6M
- 1.75%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.36%
- 10Y*
- —
XUTD.L vs. VDST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | -12.78% | -2.45% | -0.72% |
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 XUTD.L and VDST.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.17 |
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Return for Risk
XUTD.L vs. VDST.L — Risk / Return Rank
XUTD.L
VDST.L
XUTD.L vs. VDST.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 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.
| XUTD.L | VDST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.30 | ||
| Sortino ratioReturn per unit of downside risk | -20.68 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 4.88 | -3.70 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 36.06 | -34.85 |
| Martin ratioReturn relative to average drawdown | 3.71 | 244.57 | -240.86 |
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.L | VDST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 9.31 | -8.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 8.05 | -8.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 7.83 | -7.40 |
Drawdowns
XUTD.L vs. VDST.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, 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 XUTD.L and VDST.L.
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Drawdown Indicators
| XUTD.L | VDST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -0.36% | -19.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -0.11% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -0.15% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -0.36% | -16.65% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -7.53% | 0.00% | -7.53% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -0.03% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.02% | +0.97% |
Volatility
XUTD.L vs. VDST.L - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) has a higher volatility of 1.40% compared to Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) at 0.12%. This indicates that XUTD.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
| XUTD.L | VDST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 0.12% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 0.33% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 0.42% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 0.47% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 0.46% | +4.59% |
XUTD.L vs. VDST.L - Expense Ratio Comparison
XUTD.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
XUTD.L vs. VDST.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, while VDST.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | 3.48% | 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 VDST.L have a correlation of 0.20, 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 XUTD.L.
XUTD.L tracks iBoxx USD Treasuries 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 XUTD.L and 0.05% for VDST.L.
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