020Y.L vs. GIL5.L

Last updated Jul 16, 2026

020Y.L (iShares € Govt Bond 20yr Target Duration UCITS ETF) and GIL5.L (Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist) are both European Government Bonds funds - 020Y.L tracks the Markit iBoxx EUR Eurozone 20yr Target Duration Index while GIL5.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, 020Y.L returned -10.94%/yr vs 1.61%/yr for GIL5.L. At a 0.20 correlation, their price movements are largely independent. 020Y.L charges 0.15%/yr vs 0.05%/yr for GIL5.L.

Performance

020Y.L vs. GIL5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) and Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

020Y.L is traded in EUR, while GIL5.L is traded in GBP. To make them comparable, the GIL5.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 020Y.L achieves a -1.53% return, which is significantly lower than GIL5.L's 3.88% 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*: —

GIL5.L

• 1D: 0.78%
• 1M: 2.00%
• 6M: 2.75%
• YTD: 3.88%
• 1Y: 5.17%
• 3Y*: 4.95%
• 5Y*: 1.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

020Y.L vs. GIL5.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%
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	3.88%	-0.31%	7.42%	6.23%	-9.45%	4.50%	2.08%

Correlation

The correlation between 020Y.L and GIL5.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020	0.20

Return for Risk

020Y.L vs. GIL5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

020Y.L

020Y.L Risk / Return Rank: 5
020Y.L Sharpe Ratio Rank: 6
020Y.L Sortino Ratio Rank: 5
020Y.L Omega Ratio Rank: 5
020Y.L Calmar Ratio Rank: 4
020Y.L Martin Ratio Rank: 4

GIL5.L

GIL5.L Risk / Return Rank: 42
GIL5.L Sharpe Ratio Rank: 46
GIL5.L Sortino Ratio Rank: 45
GIL5.L Omega Ratio Rank: 49
GIL5.L Calmar Ratio Rank: 34
GIL5.L Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

020Y.L vs. GIL5.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 Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.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	GIL5.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	1.16	-1.56
Sortino ratio: Return per unit of downside risk	-0.49	1.76	-2.25
Omega ratio: Gain probability vs. loss probability	0.94	1.21	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.60	2.53	-3.14
Martin ratio: Return relative to average drawdown	-1.10	7.30	-8.40

020Y.L vs. GIL5.L - Sharpe Ratio Comparison

The current 020Y.L Sharpe Ratio is -0.40, which is lower than the GIL5.L Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of 020Y.L and GIL5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

020Y.L vs. GIL5.L - Drawdown Comparison

The maximum 020Y.L drawdown since its inception was -48.58%, which is greater than GIL5.L's maximum drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for 020Y.L and GIL5.L.

Drawdown Indicators

	020Y.L	GIL5.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.58%	-14.91%	-33.67%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-2.03%	-5.13%
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	-4.37%	-14.86%
Max Drawdown (5Y) Largest decline over 5 years	-47.47%	-14.31%	-33.16%
Current Drawdown Current decline from peak	-48.12%	0.00%	-48.12%
Average Drawdown Average peak-to-trough decline	-32.92%	-3.47%	-29.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	0.71%	+3.20%

Volatility

020Y.L vs. GIL5.L - Volatility Comparison

iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) has a higher volatility of 3.10% compared to Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L) at 1.24%. This indicates that 020Y.L's price experiences larger fluctuations and is considered to be riskier than GIL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	020Y.L	GIL5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	1.24%	+1.86%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	3.17%	+4.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.90%	4.44%	+6.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.03%	6.12%	+37.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.94%	8.78%	+32.16%

020Y.L vs. GIL5.L - Expense Ratio Comparison

020Y.L has a 0.15% expense ratio, which is higher than GIL5.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

020Y.L vs. GIL5.L - Dividend Comparison

020Y.L's dividend yield for the trailing twelve months is around 3.65%, more than GIL5.L's 2.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF	3.65%	3.42%	2.94%	2.11%	0.91%	0.10%	0.11%	0.00%	0.00%	0.00%	0.00%
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	2.32%	2.34%	1.94%	1.36%	1.39%	1.60%	2.26%	9.10%	14.61%	15.85%	7.81%

Frequently Asked Questions

Can I hold both 020Y.L and GIL5.L in my portfolio?

020Y.L and GIL5.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 020Y.L or GIL5.L?

On fees, GIL5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 020Y.L or GIL5.L?

GIL5.L is cheaper with a 0.05% expense ratio, compared with 0.15% for 020Y.L.

What is the main difference between 020Y.L and GIL5.L?

020Y.L tracks Markit iBoxx EUR Eurozone 20yr Target Duration Index, while GIL5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for 020Y.L and 0.05% for GIL5.L.