EART.L vs. IGLS.L

Last updated Jun 4, 2026

EART.L (Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both European Government Bonds funds - EART.L tracks the Bloomberg Euro Agg Govt TR EUR while IGLS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 3 years, EART.L returned 1.07%/yr vs 4.17%/yr for IGLS.L. A 0.63 correlation means they provide meaningful diversification when combined. EART.L charges 0.20%/yr vs 0.07%/yr for IGLS.L.

Performance

EART.L vs. IGLS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc (EART.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EART.L achieves a -1.29% return, which is significantly lower than IGLS.L's 0.18% return.

EART.L

• 1D: -0.64%
• 1M: 0.27%
• YTD: -1.29%
• 6M: -1.82%
• 1Y: 0.80%
• 3Y*: 1.07%
• 5Y*: —
• 10Y*: —

IGLS.L

• 1D: -0.13%
• 1M: 0.35%
• YTD: 0.18%
• 6M: 0.64%
• 1Y: 3.09%
• 3Y*: 4.17%
• 5Y*: 1.31%
• 10Y*: 0.88%

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

EART.L vs. IGLS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EART.L Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc	-1.29%	2.88%	-4.87%	6.69%	-26.52%	-3.52%
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	0.18%	5.26%	2.65%	4.19%	-4.45%	-0.86%

Correlation

The correlation between EART.L and IGLS.L is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.63

The correlation between EART.L and IGLS.L has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.

Return for Risk

EART.L vs. IGLS.L — Risk / Return Rank

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

EART.L

EART.L Risk / Return Rank: 10
EART.L Sharpe Ratio Rank: 10
EART.L Sortino Ratio Rank: 9
EART.L Omega Ratio Rank: 10
EART.L Calmar Ratio Rank: 10
EART.L Martin Ratio Rank: 10

IGLS.L

IGLS.L Risk / Return Rank: 41
IGLS.L Sharpe Ratio Rank: 43
IGLS.L Sortino Ratio Rank: 44
IGLS.L Omega Ratio Rank: 48
IGLS.L Calmar Ratio Rank: 32
IGLS.L Martin Ratio Rank: 35

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.

EART.L vs. IGLS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc (EART.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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.

	EART.L	IGLS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.11	1.55	-1.44
Sortino ratio: Return per unit of downside risk	0.21	2.25	-2.04
Omega ratio: Gain probability vs. loss probability	1.02	1.31	-0.28
Calmar ratio: Return relative to maximum drawdown	0.14	1.58	-1.44
Martin ratio: Return relative to average drawdown	0.30	5.42	-5.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EART.L vs. IGLS.L - Sharpe Ratio Comparison

The current EART.L Sharpe Ratio is 0.11, which is lower than the IGLS.L Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of EART.L and IGLS.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.

Sharpe Ratios by Period

	EART.L	IGLS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	1.55	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.56	0.68	-1.24

Drawdowns

EART.L vs. IGLS.L - Drawdown Comparison

The maximum EART.L drawdown since its inception was -35.57%, which is greater than IGLS.L's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for EART.L and IGLS.L.

Drawdown Indicators

	EART.L	IGLS.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.57%	-9.54%	-26.03%
Max Drawdown (1Y) Largest decline over 1 year	-5.90%	-1.95%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-9.43%	-1.95%	-7.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-8.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-9.54%	—
Current Drawdown Current decline from peak	-29.22%	-0.73%	-28.49%
Average Drawdown Average peak-to-trough decline	-25.75%	-1.10%	-24.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	0.57%	+2.13%

Volatility

EART.L vs. IGLS.L - Volatility Comparison

Lyxor Euro Government Green Bond (DR) UCITS ETF - Acc (EART.L) has a higher volatility of 2.56% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 0.82%. This indicates that EART.L's price experiences larger fluctuations and is considered to be riskier than IGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EART.L	IGLS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	0.82%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	5.57%	1.75%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	7.06%	1.99%	+5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.21%	2.67%	+8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.21%	2.18%	+9.03%

EART.L vs. IGLS.L - Expense Ratio Comparison

EART.L has a 0.20% expense ratio, which is higher than IGLS.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

EART.L vs. IGLS.L - Dividend Comparison

EART.L has not paid dividends to shareholders, while IGLS.L's dividend yield for the trailing twelve months is around 3.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EART.L Lyxor Euro Government Green Bond (DR) 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%	0.00%
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	3.99%	3.88%	3.67%	1.62%	0.30%	0.25%	0.53%	0.46%	0.33%	0.53%	0.88%	0.48%

Frequently Asked Questions

Can I hold both EART.L and IGLS.L in my portfolio?

EART.L and IGLS.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EART.L or IGLS.L?

On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EART.L or IGLS.L?

IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.20% for EART.L.

What is the main difference between EART.L and IGLS.L?

EART.L tracks Bloomberg Euro Agg Govt TR EUR, while IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for EART.L and 0.07% for IGLS.L.