EIBB.DE vs. VGEB.DE
EIBB.DE (Invesco Euro Government Bond UCITS ETF Dist) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - EIBB.DE tracks the Bloomberg Euro Treasury Majors Bond while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, EIBB.DE returned -2.28%/yr vs -2.17%/yr for VGEB.DE. With a 0.98 correlation, they move nearly in lockstep. EIBB.DE charges 0.10%/yr vs 0.07%/yr for VGEB.DE.
Performance
EIBB.DE vs. VGEB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EIBB.DE achieves a -0.32% return, which is significantly lower than VGEB.DE's 0.13% return.
EIBB.DE
- 1D
- 0.00%
- 1M
- -0.01%
- YTD
- -0.32%
- 6M
- 0.02%
- 1Y
- 0.38%
- 3Y*
- 2.34%
- 5Y*
- -2.28%
- 10Y*
- —
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.00%
- YTD
- 0.13%
- 6M
- 0.18%
- 1Y
- 0.31%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 10Y*
- —
EIBB.DE vs. VGEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | -0.32% | 1.15% | 1.43% | 6.77% | -18.35% | -3.27% | 4.71% | -3.16% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | -3.09% |
Correlation
The correlation between EIBB.DE and VGEB.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.98 |
The correlation between EIBB.DE and VGEB.DE has been stable across timeframes, ranging from 0.92 to 0.99 - a consistent structural relationship.
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Return for Risk
EIBB.DE vs. VGEB.DE — Risk / Return Rank
EIBB.DE
VGEB.DE
EIBB.DE vs. VGEB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Government Bond UCITS ETF Dist (EIBB.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE). 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.
| EIBB.DE | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.03 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.02 | -0.06 | +0.05 |
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
| EIBB.DE | VGEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.02 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.34 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.32 | -0.03 | -0.29 |
Drawdowns
EIBB.DE vs. VGEB.DE - Drawdown Comparison
The maximum EIBB.DE drawdown since its inception was -22.55%, roughly equal to the maximum VGEB.DE drawdown of -22.15%. Use the drawdown chart below to compare losses from any high point for EIBB.DE and VGEB.DE.
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Drawdown Indicators
| EIBB.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -22.15% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.38% | -3.43% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -4.06% | -4.05% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | -21.25% | -0.40% |
Current DrawdownCurrent decline from peak | -14.15% | -13.65% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -8.83% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.35% | -0.03% |
Volatility
EIBB.DE vs. VGEB.DE - Volatility Comparison
Invesco Euro Government Bond UCITS ETF Dist (EIBB.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) have volatilities of 1.64% and 1.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIBB.DE | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.63% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 3.47% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 4.16% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.32% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 5.52% | +0.50% |
EIBB.DE vs. VGEB.DE - Expense Ratio Comparison
EIBB.DE has a 0.10% expense ratio, which is higher than VGEB.DE'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
EIBB.DE vs. VGEB.DE - Dividend Comparison
EIBB.DE's dividend yield for the trailing twelve months is around 3.00%, more than VGEB.DE's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EIBB.DE Invesco Euro Government Bond UCITS ETF Dist | 3.00% | 2.95% | 2.88% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
With a correlation of 0.92, EIBB.DE and VGEB.DE 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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for EIBB.DE.
EIBB.DE tracks Bloomberg Euro Treasury Majors Bond, while VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.10% for EIBB.DE and 0.07% for VGEB.DE.
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