CE01.L vs. GILS.L
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and GILS.L (Lyxor Core UK Government Bond (DR) UCITS ETF - Dist) are both European Government Bonds funds - CE01.L tracks the Bloomberg Euro Agg Govt TR EUR while GILS.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks. Both are passively managed. Over the past 10 years, CE01.L returned 0.80%/yr vs -3.33%/yr for GILS.L. At a 0.47 correlation, their price movements are largely independent. CE01.L charges 0.15%/yr vs 0.05%/yr for GILS.L.
Performance
CE01.L vs. GILS.L - Performance Comparison
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Returns By Period
In the year-to-date period, CE01.L achieves a -0.91% return, which is significantly higher than GILS.L's -1.13% return. Over the past 10 years, CE01.L has outperformed GILS.L with an annualized return of 0.80%, while GILS.L has yielded a comparatively lower -3.33% annualized return.
CE01.L
- 1D
- 0.23%
- 1M
- 0.98%
- YTD
- -0.91%
- 6M
- -0.95%
- 1Y
- 2.93%
- 3Y*
- 2.70%
- 5Y*
- -2.20%
- 10Y*
- 0.80%
GILS.L
- 1D
- 0.22%
- 1M
- 1.40%
- YTD
- -1.13%
- 6M
- -4.27%
- 1Y
- -0.95%
- 3Y*
- -0.26%
- 5Y*
- -6.53%
- 10Y*
- -3.33%
CE01.L vs. GILS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -0.91% | 6.87% | -3.53% | 6.60% | -15.38% | -9.55% | 10.06% | 1.33% | 2.06% | 4.55% |
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist | -1.13% | 1.70% | -5.79% | 1.51% | -25.53% | -6.84% | 5.96% | 4.09% | -2.08% | -1.13% |
Correlation
The correlation between CE01.L and GILS.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.47 |
The correlation between CE01.L and GILS.L shifts across timeframes, from 0.47 (all time) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CE01.L vs. GILS.L — Risk / Return Rank
CE01.L
GILS.L
CE01.L vs. GILS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) and Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.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.
| CE01.L | GILS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.98 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.15 | +0.70 |
| Martin ratioReturn relative to average drawdown | 1.30 | -0.34 | +1.64 |
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
| CE01.L | GILS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | -0.14 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.65 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.37 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.01 | +0.17 |
Drawdowns
CE01.L vs. GILS.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, smaller than the maximum GILS.L drawdown of -38.75%. Use the drawdown chart below to compare losses from any high point for CE01.L and GILS.L.
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Drawdown Indicators
| CE01.L | GILS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -38.75% | +11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -6.23% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -9.33% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -34.64% | +12.50% |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | -38.75% | +11.28% |
Current DrawdownCurrent decline from peak | -18.53% | -35.86% | +17.33% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -12.02% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.78% | -0.53% |
Volatility
CE01.L vs. GILS.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) is 1.98%, while Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) has a volatility of 2.44%. This indicates that CE01.L experiences smaller price fluctuations and is considered to be less risky than GILS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE01.L | GILS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 2.44% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 5.64% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 6.67% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 10.11% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 9.06% | -0.23% |
CE01.L vs. GILS.L - Expense Ratio Comparison
CE01.L has a 0.15% expense ratio, which is higher than GILS.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
CE01.L vs. GILS.L - Dividend Comparison
Neither CE01.L nor GILS.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% |
Frequently Asked Questions
CE01.L and GILS.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GILS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILS.L is cheaper with a 0.05% expense ratio, compared with 0.15% for CE01.L.
CE01.L tracks Bloomberg Euro Agg Govt TR EUR, while GILS.L tracks FTSE Actuaries UK Conventional Gilts All Stocks. They also come from different issuers: iShares and Lyxor. Their fees differ too: 0.15% for CE01.L and 0.05% for GILS.L.
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