020Y.L vs. EU13.L
020Y.L (iShares € Govt Bond 20yr Target Duration UCITS ETF) and EU13.L (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - 020Y.L tracks the Markit iBoxx EUR Eurozone 20yr Target Duration Index while EU13.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, 020Y.L returned -10.94%/yr vs 0.62%/yr for EU13.L. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
020Y.L vs. EU13.L - Performance Comparison
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Returns By Period
In the year-to-date period, 020Y.L achieves a -1.53% return, which is significantly lower than EU13.L's 0.19% return.
020Y.L
- 1D
- -0.14%
- 1M
- -3.05%
- 6M
- -2.14%
- YTD
- -1.53%
- 1Y
- -4.31%
- 3Y*
- -3.47%
- 5Y*
- -10.94%
- 10Y*
- —
EU13.L
- 1D
- 0.00%
- 1M
- -0.08%
- 6M
- 0.02%
- YTD
- 0.19%
- 1Y
- 0.86%
- 3Y*
- 2.73%
- 5Y*
- 0.62%
- 10Y*
- 0.19%
020Y.L vs. EU13.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | -1.53% | -10.89% | -5.04% | 7.85% | -36.19% | -8.42% | 1.97% |
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.19% | 2.22% | 3.00% | 3.28% | -4.95% | -0.82% | 0.04% |
Correlation
The correlation between 020Y.L and EU13.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.52 |
The correlation between 020Y.L and EU13.L has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
020Y.L vs. EU13.L — Risk / Return Rank
020Y.L
EU13.L
020Y.L vs. EU13.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 020Y.L | EU13.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.14 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.69 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.10 | 2.04 | -3.15 |
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Drawdowns
020Y.L vs. EU13.L - Drawdown Comparison
The maximum 020Y.L drawdown since its inception was -48.58%, which is greater than EU13.L's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for 020Y.L and EU13.L.
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Drawdown Indicators
| 020Y.L | EU13.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -7.13% | -41.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -1.24% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -1.24% | -17.99% |
Max Drawdown (5Y)Largest decline over 5 years | -47.47% | -6.00% | -41.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.05% | — |
Current DrawdownCurrent decline from peak | -48.12% | -0.40% | -47.72% |
Average DrawdownAverage peak-to-trough decline | -32.92% | -1.52% | -31.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 0.42% | +3.49% |
Volatility
020Y.L vs. EU13.L - Volatility Comparison
iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) has a higher volatility of 3.10% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) at 0.35%. This indicates that 020Y.L's price experiences larger fluctuations and is considered to be riskier than EU13.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 020Y.L | EU13.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 0.35% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 1.16% | +6.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 1.27% | +9.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.03% | 1.67% | +42.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.94% | 1.31% | +39.63% |
020Y.L vs. EU13.L - Expense Ratio Comparison
Both 020Y.L and EU13.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
020Y.L vs. EU13.L - Dividend Comparison
020Y.L's dividend yield for the trailing twelve months is around 3.65%, more than EU13.L's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | 3.65% | 3.42% | 2.94% | 2.11% | 0.91% | 0.10% | 0.11% |
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
020Y.L and EU13.L have a correlation of 0.57, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
020Y.L and EU13.L have the same expense ratio: 0.15% per year.
020Y.L tracks Markit iBoxx EUR Eurozone 20yr Target Duration Index, while EU13.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: iShares and State Street.
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