XUTD.L vs. XUT3.L
XUTD.L (Xtrackers II US Treasuries UCITS ETF 1D) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both Government Bonds funds from Xtrackers - XUTD.L tracks the iBoxx USD Treasuries Index while XUT3.L tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 10 years, XUTD.L returned 0.90%/yr vs 1.74%/yr for XUT3.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.06% expense ratio.
Performance
XUTD.L vs. XUT3.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 XUT3.L's 0.54% return. Over the past 10 years, XUTD.L has underperformed XUT3.L with an annualized return of 0.90%, while XUT3.L has yielded a comparatively higher 1.74% annualized 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%
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
XUTD.L vs. XUT3.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% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 3.56% | 1.44% | 0.27% |
Correlation
The correlation between XUTD.L and XUT3.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2009 | 0.69 |
The correlation between XUTD.L and XUT3.L has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
XUTD.L vs. XUT3.L — Risk / Return Rank
XUTD.L
XUT3.L
XUTD.L vs. XUT3.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 II US Treasuries 1-3 UCITS ETF 1D (XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.67 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 5.10 | -3.89 |
| Martin ratioReturn relative to average drawdown | 3.71 | 20.02 | -16.30 |
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 | XUT3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 3.06 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.98 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 1.16 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.14 | -0.71 |
Drawdowns
XUTD.L vs. XUT3.L - Drawdown Comparison
The maximum XUTD.L drawdown since its inception was -19.61%, which is greater than XUT3.L's maximum drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for XUTD.L and XUT3.L.
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Drawdown Indicators
| XUTD.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.61% | -5.45% | -14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -0.67% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -0.91% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.01% | -5.45% | -11.56% |
Max Drawdown (10Y)Largest decline over 10 years | -19.61% | -5.45% | -14.16% |
Current DrawdownCurrent decline from peak | -7.53% | -0.12% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -0.72% | -4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.17% | +0.82% |
Volatility
XUTD.L vs. XUT3.L - Volatility Comparison
Xtrackers II US Treasuries UCITS ETF 1D (XUTD.L) has a higher volatility of 1.40% compared to Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) at 0.41%. This indicates that XUTD.L's price experiences larger fluctuations and is considered to be riskier than XUT3.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 | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 0.41% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 0.80% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 1.13% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 1.90% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 1.50% | +3.55% |
XUTD.L vs. XUT3.L - Expense Ratio Comparison
Both XUTD.L and XUT3.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. XUT3.L - Dividend Comparison
XUTD.L's dividend yield for the trailing twelve months is around 3.48%, more than XUT3.L's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% | 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 XUT3.L have a correlation of 0.78, 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 XUT3.L have the same expense ratio: 0.06% per year.
XUTD.L tracks iBoxx USD Treasuries Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index.
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