EU13.L vs. IBGS.L
EU13.L (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, from State Street and iShares respectively. Both are passively managed. Over the past 10 years, EU13.L returned 0.18%/yr vs 0.38%/yr for IBGS.L. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
EU13.L vs. IBGS.L - Performance Comparison
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Different Trading Currencies
EU13.L is traded in EUR, while IBGS.L is traded in GBP. To make them comparable, the IBGS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EU13.L achieves a 0.03% return, which is significantly lower than IBGS.L's 0.05% return. Over the past 10 years, EU13.L has underperformed IBGS.L with an annualized return of 0.18%, while IBGS.L has yielded a comparatively higher 0.38% annualized return.
EU13.L
- 1D
- 0.03%
- 1M
- 0.27%
- YTD
- 0.03%
- 6M
- 0.13%
- 1Y
- 0.77%
- 3Y*
- 2.59%
- 5Y*
- 0.58%
- 10Y*
- 0.18%
IBGS.L
- 1D
- 0.10%
- 1M
- 0.33%
- YTD
- 0.05%
- 6M
- 0.34%
- 1Y
- 0.99%
- 3Y*
- 2.65%
- 5Y*
- 0.82%
- 10Y*
- 0.38%
EU13.L vs. IBGS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.03% | 2.22% | 3.00% | 3.27% | -4.95% | -0.81% | -0.17% | 0.14% | -0.22% | -0.52% |
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.05% | 2.14% | 3.07% | 3.65% | -4.21% | -1.21% | -0.34% | 1.25% | -0.60% | -0.54% |
Correlation
The correlation between EU13.L and IBGS.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.28 |
The correlation between EU13.L and IBGS.L shifts across timeframes, from 0.28 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EU13.L vs. IBGS.L — Risk / Return Rank
EU13.L
IBGS.L
EU13.L vs. IBGS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.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.
| EU13.L | IBGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.74 | -0.11 |
| Martin ratioReturn relative to average drawdown | 1.93 | 2.20 | -0.27 |
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
| EU13.L | IBGS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.41 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.25 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.09 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.22 | -0.03 |
Drawdowns
EU13.L vs. IBGS.L - Drawdown Comparison
The maximum EU13.L drawdown since its inception was -7.12%, roughly equal to the maximum IBGS.L drawdown of -7.27%. Use the drawdown chart below to compare losses from any high point for EU13.L and IBGS.L.
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Drawdown Indicators
| EU13.L | IBGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.12% | -7.27% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -1.33% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -1.23% | -1.56% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -5.99% | -5.72% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -7.12% | -7.27% | +0.15% |
Current DrawdownCurrent decline from peak | -0.56% | -0.53% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -1.63% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.45% | -0.05% |
Volatility
EU13.L vs. IBGS.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) is 0.47%, while iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) has a volatility of 0.95%. This indicates that EU13.L experiences smaller price fluctuations and is considered to be less risky than IBGS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EU13.L | IBGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.95% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.10% | 1.82% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.23% | 2.38% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 3.35% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.30% | 4.03% | -2.73% |
EU13.L vs. IBGS.L - Expense Ratio Comparison
Both EU13.L and IBGS.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EU13.L vs. IBGS.L - Dividend Comparison
EU13.L's dividend yield for the trailing twelve months is around 2.29%, more than IBGS.L's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.29% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.17% | 2.39% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.28% |
Frequently Asked Questions
EU13.L and IBGS.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EU13.L and IBGS.L have the same expense ratio: 0.15% per year.
Both ETFs track Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: State Street and iShares.
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