XUTD.L vs. XT01.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both Government Bonds funds from Xtrackers - XUTD.L tracks the iBoxx USD Treasuries Index while XT01.L tracks the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, XUTD.L returned -0.44%/yr vs 3.37%/yr for XT01.L. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.06% expense ratio.
Performance
XUTD.L vs. XT01.L - Performance Comparison
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Different Trading Currencies
XUTD.L is traded in USD, while XT01.L is traded in GBP. To make them comparable, the XT01.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 lower than XT01.L's 1.35% 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%
XT01.L
- 1D
- 0.15%
- 1M
- 0.42%
- YTD
- 1.35%
- 6M
- 1.89%
- 1Y
- 3.98%
- 3Y*
- 4.64%
- 5Y*
- 3.37%
- 10Y*
- —
XUTD.L vs. XT01.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% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.35% | 4.54% | 5.13% | 4.49% | 0.82% | 0.44% | 0.55% |
Correlation
The correlation between XUTD.L and XT01.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | -0.02 |
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Return for Risk
XUTD.L vs. XT01.L — Risk / Return Rank
XUTD.L
XT01.L
XUTD.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.57 | -3.36 |
| Martin ratioReturn relative to average drawdown | 3.71 | 13.51 | -9.80 |
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 | XT01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.95 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.71 | -0.79 |
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 | 0.64 | -0.21 |
Drawdowns
XUTD.L vs. XT01.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, which is greater than XT01.L's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for XUTD.L and XT01.L.
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Drawdown Indicators
| XUTD.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -2.42% | -17.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -0.87% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -1.04% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -2.42% | -14.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | — | — |
Current DrawdownCurrent decline from peak | -7.53% | -0.18% | -7.35% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -0.49% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.29% | +0.70% |
Volatility
XUTD.L vs. XT01.L - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) is 1.40%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.48%. This indicates that XUTD.L experiences smaller price fluctuations and is considered to be less risky than XT01.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 | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.48% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 3.50% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 4.18% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 4.75% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 4.72% | +0.33% |
XUTD.L vs. XT01.L - Expense Ratio Comparison
Both XUTD.L and XT01.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XUTD.L vs. XT01.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, while XT01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 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 XT01.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.L and XT01.L have the same expense ratio: 0.06% per year.
XUTD.L tracks iBoxx USD Treasuries Index, while XT01.L tracks FTSE US Treasury Short Duration Index.
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