CE01.L vs. VETA.L
CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) and VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, CE01.L returned -2.20%/yr vs -2.10%/yr for VETA.L. With a 0.98 correlation, they move nearly in lockstep. CE01.L charges 0.15%/yr vs 0.07%/yr for VETA.L.
Performance
CE01.L vs. VETA.L - Performance Comparison
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Different Trading Currencies
CE01.L is traded in GBp, while VETA.L is traded in GBP. To make them comparable, the VETA.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 VETA.L's -0.82% 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%
VETA.L
- 1D
- 0.23%
- 1M
- 0.78%
- YTD
- -0.82%
- 6M
- -0.92%
- 1Y
- 2.67%
- 3Y*
- 2.47%
- 5Y*
- -2.10%
- 10Y*
- —
CE01.L vs. VETA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 3.33% |
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -0.82% | 5.79% | -2.93% | 4.76% | -13.59% | -9.77% | 10.65% | 3.88% |
Correlation
The correlation between CE01.L and VETA.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.98 |
The correlation between CE01.L and VETA.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
CE01.L vs. VETA.L — Risk / Return Rank
CE01.L
VETA.L
CE01.L vs. VETA.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 Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.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 | VETA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.57 | -0.02 |
| Martin ratioReturn relative to average drawdown | 1.30 | 1.29 | +0.01 |
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 | VETA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.49 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.28 | +0.01 |
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 | -0.08 | +0.26 |
Drawdowns
CE01.L vs. VETA.L - Drawdown Comparison
The maximum CE01.L drawdown since its inception was -27.47%, roughly equal to the maximum VETA.L drawdown of -26.60%. Use the drawdown chart below to compare losses from any high point for CE01.L and VETA.L.
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Drawdown Indicators
| CE01.L | VETA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.47% | -26.60% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -4.66% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -6.23% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -20.71% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -27.47% | — | — |
Current DrawdownCurrent decline from peak | -18.53% | -18.72% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -10.31% | -15.05% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.07% | +0.18% |
Volatility
CE01.L vs. VETA.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a higher volatility of 1.98% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) at 1.85%. This indicates that CE01.L's price experiences larger fluctuations and is considered to be riskier than VETA.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 | VETA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 1.85% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 4.18% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 5.43% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 7.49% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.83% | 7.96% | +0.87% |
CE01.L vs. VETA.L - Expense Ratio Comparison
CE01.L has a 0.15% expense ratio, which is higher than VETA.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. VETA.L - Dividend Comparison
Neither CE01.L nor VETA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, CE01.L and VETA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VETA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for CE01.L.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for CE01.L and 0.07% for VETA.L.
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