CE01.L vs. IGL5.L
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds from iShares - CE01.L tracks the Bloomberg Euro Agg Govt TR EUR while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, CE01.L returned 2.70%/yr vs 4.23%/yr for IGL5.L. A 0.61 correlation means they provide meaningful diversification when combined. CE01.L charges 0.15%/yr vs 0.07%/yr for IGL5.L.
Performance
CE01.L vs. IGL5.L - Performance Comparison
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Different Trading Currencies
CE01.L is traded in GBp, while IGL5.L is traded in GBP. To make them comparable, the IGL5.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CE01.L achieves a -0.91% return, which is significantly lower than IGL5.L's 0.92% 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%
IGL5.L
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.92%
- 6M
- 0.63%
- 1Y
- 3.10%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
CE01.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -0.91% | 6.87% | -3.53% | 6.77% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.92% | 4.56% | 2.68% | 4.14% |
Correlation
The correlation between CE01.L and IGL5.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.61 |
The correlation between CE01.L and IGL5.L has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
CE01.L vs. IGL5.L — Risk / Return Rank
CE01.L
IGL5.L
CE01.L vs. IGL5.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 iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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 | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.30 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.63 | -1.09 |
| Martin ratioReturn relative to average drawdown | 1.30 | 5.55 | -4.26 |
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 | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.48 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 1.88 | -1.70 |
Drawdowns
CE01.L vs. IGL5.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for CE01.L and IGL5.L.
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Drawdown Indicators
| CE01.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -1.89% | -25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -1.89% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -1.89% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | — | — |
Current DrawdownCurrent decline from peak | -18.53% | -0.64% | -17.89% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -0.31% | -10.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.56% | +1.69% |
Volatility
CE01.L vs. IGL5.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a higher volatility of 1.98% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.70%. This indicates that CE01.L's price experiences larger fluctuations and is considered to be riskier than IGL5.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 | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 0.70% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 1.89% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 2.09% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 2.16% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 2.16% | +6.67% |
CE01.L vs. IGL5.L - Expense Ratio Comparison
CE01.L has a 0.15% expense ratio, which is higher than IGL5.L's 0.07% 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. IGL5.L - Dividend Comparison
Neither CE01.L nor IGL5.L has paid dividends to shareholders.
Frequently Asked Questions
CE01.L and IGL5.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.15% for CE01.L.
CE01.L tracks Bloomberg Euro Agg Govt TR EUR, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Their fees differ too: 0.15% for CE01.L and 0.07% for IGL5.L.
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