XUTD.L vs. VDTA.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - XUTD.L tracks the iBoxx USD Treasuries Index while VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index. Both are passively managed. Over the past 5 years, XUTD.L returned -0.44%/yr vs -0.41%/yr for VDTA.L. With a 0.97 correlation, they move nearly in lockstep. XUTD.L charges 0.06%/yr vs 0.05%/yr for VDTA.L.
Performance
XUTD.L vs. VDTA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XUTD.L having a -0.22% return and VDTA.L slightly lower at -0.23%.
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%
VDTA.L
- 1D
- 0.21%
- 1M
- 0.17%
- YTD
- -0.23%
- 6M
- 0.10%
- 1Y
- 3.61%
- 3Y*
- 2.87%
- 5Y*
- -0.41%
- 10Y*
- —
XUTD.L vs. VDTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | -12.78% | -2.45% | 7.94% | 6.78% |
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 XUTD.L and VDTA.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.97 |
The correlation between XUTD.L and VDTA.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
XUTD.L vs. VDTA.L — Risk / Return Rank
XUTD.L
VDTA.L
XUTD.L vs. VDTA.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 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.
| XUTD.L | VDTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.23 | -0.03 |
| Martin ratioReturn relative to average drawdown | 3.71 | 3.80 | -0.09 |
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 | VDTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.02 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.07 | 0.00 |
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 | 0.22 | +0.21 |
Drawdowns
XUTD.L vs. VDTA.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, roughly equal to the maximum VDTA.L drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for XUTD.L and VDTA.L.
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Drawdown Indicators
| XUTD.L | VDTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -18.82% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.90% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -5.15% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -16.41% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -7.53% | -6.97% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -8.11% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.94% | +0.05% |
Volatility
XUTD.L vs. VDTA.L - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) and Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) have volatilities of 1.40% and 1.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTD.L | VDTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.37% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.55% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.51% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 5.57% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 5.35% | -0.30% |
XUTD.L vs. VDTA.L - Expense Ratio Comparison
XUTD.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
XUTD.L vs. VDTA.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, while VDTA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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
With a correlation of 0.96, XUTD.L and VDTA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 XUTD.L.
XUTD.L tracks iBoxx USD Treasuries 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 XUTD.L and 0.05% for VDTA.L.
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