XUTD.L vs. VUTY.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - XUTD.L tracks the iBoxx USD Treasuries Index while VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, XUTD.L returned 0.90%/yr vs 0.89%/yr for VUTY.L. A 0.65 correlation means they provide meaningful diversification when combined. XUTD.L charges 0.06%/yr vs 0.05%/yr for VUTY.L.
Performance
XUTD.L vs. VUTY.L - Performance Comparison
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Different Trading Currencies
XUTD.L is traded in USD, while VUTY.L is traded in GBP. To make them comparable, the VUTY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XUTD.L achieves a -0.22% return, which is significantly higher than VUTY.L's -0.45% return. Both investments have delivered pretty close results over the past 10 years, with XUTD.L having a 0.90% annualized return and VUTY.L not far behind at 0.89%.
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%
VUTY.L
- 1D
- -0.29%
- 1M
- 0.02%
- YTD
- -0.45%
- 6M
- -0.06%
- 1Y
- 3.28%
- 3Y*
- 2.76%
- 5Y*
- -0.46%
- 10Y*
- 0.89%
XUTD.L vs. VUTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTD.L Xtrackers II US Treasuries UCITS ETF 1D | -0.22% | 6.38% | 0.77% | 3.91% | -12.78% | -2.45% | 7.94% | 7.21% | 0.66% | 2.22% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.45% | 6.33% | 0.84% | 3.23% | -12.36% | -2.01% | 7.17% | 7.86% | 0.60% | 2.04% |
Correlation
The correlation between XUTD.L and VUTY.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2016 | 0.65 |
The correlation between XUTD.L and VUTY.L shifts across timeframes, from 0.58 (1 year) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUTD.L vs. VUTY.L — Risk / Return Rank
XUTD.L
VUTY.L
XUTD.L vs. VUTY.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 Distributing (VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.19 | +0.02 |
| Martin ratioReturn relative to average drawdown | 3.71 | 3.50 | +0.22 |
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 | VUTY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.73 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.07 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.13 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.13 | +0.30 |
Drawdowns
XUTD.L vs. VUTY.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, roughly equal to the maximum VUTY.L drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for XUTD.L and VUTY.L.
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Drawdown Indicators
| XUTD.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -19.23% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -3.02% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -5.45% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -16.66% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -19.23% | -0.38% |
Current DrawdownCurrent decline from peak | -7.53% | -7.67% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -6.93% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.03% | -0.04% |
Volatility
XUTD.L vs. VUTY.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) is 1.40%, while Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) has a volatility of 1.54%. This indicates that XUTD.L experiences smaller price fluctuations and is considered to be less risky than VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.54% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 3.61% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 4.95% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 7.03% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 6.79% | -1.74% |
XUTD.L vs. VUTY.L - Expense Ratio Comparison
XUTD.L has a 0.06% expense ratio, which is higher than VUTY.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. VUTY.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, less than VUTY.L's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.27% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
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 VUTY.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.06% for XUTD.L.
XUTD.L tracks iBoxx USD Treasuries Index, while VUTY.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 VUTY.L.
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