GILS.L vs. VETA.L
GILS.L (Lyxor Core UK Government Bond (DR) UCITS ETF - Dist) and VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - GILS.L tracks the FTSE Actuaries UK Conventional Gilts All Stocks while VETA.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, GILS.L returned -6.57%/yr vs -2.15%/yr for VETA.L. A 0.56 correlation means they provide meaningful diversification when combined. GILS.L charges 0.05%/yr vs 0.07%/yr for VETA.L.
Performance
GILS.L vs. VETA.L - Performance Comparison
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Different Trading Currencies
GILS.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, GILS.L achieves a -1.35% return, which is significantly lower than VETA.L's -1.04% return.
GILS.L
- 1D
- -0.60%
- 1M
- 0.61%
- YTD
- -1.35%
- 6M
- -4.24%
- 1Y
- -0.97%
- 3Y*
- -0.50%
- 5Y*
- -6.57%
- 10Y*
- -3.32%
VETA.L
- 1D
- -0.42%
- 1M
- 0.26%
- YTD
- -1.04%
- 6M
- -1.42%
- 1Y
- 2.41%
- 3Y*
- 2.35%
- 5Y*
- -2.15%
- 10Y*
- —
GILS.L vs. VETA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist | -1.35% | 1.70% | -5.79% | 1.51% | -25.53% | -6.84% | 5.96% | 2.85% |
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -1.04% | 5.79% | -2.93% | 4.76% | -13.59% | -9.77% | 10.65% | 3.88% |
Correlation
The correlation between GILS.L and VETA.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.56 |
The correlation between GILS.L and VETA.L shifts across timeframes, from 0.50 (1 year) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GILS.L vs. VETA.L — Risk / Return Rank
GILS.L
VETA.L
GILS.L vs. VETA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.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.
| GILS.L | VETA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.08 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.51 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.35 | 1.17 | -1.52 |
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
| GILS.L | VETA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 0.44 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | -0.29 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | -0.08 | +0.09 |
Drawdowns
GILS.L vs. VETA.L - Drawdown Comparison
The maximum GILS.L drawdown since its inception was -38.75%, which is greater than VETA.L's maximum drawdown of -26.60%. Use the drawdown chart below to compare losses from any high point for GILS.L and VETA.L.
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Drawdown Indicators
| GILS.L | VETA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.75% | -26.60% | -12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -4.66% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | -9.33% | -6.23% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -34.64% | -20.71% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -38.75% | — | — |
Current DrawdownCurrent decline from peak | -36.00% | -18.91% | -17.09% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -15.04% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.06% | +0.71% |
Volatility
GILS.L vs. VETA.L - Volatility Comparison
Lyxor Core UK Government Bond (DR) UCITS ETF - Dist (GILS.L) has a higher volatility of 2.51% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) at 1.86%. This indicates that GILS.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
| GILS.L | VETA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 1.86% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 5.64% | 4.17% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 5.42% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.11% | 7.49% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.06% | 7.97% | +1.09% |
GILS.L vs. VETA.L - Expense Ratio Comparison
GILS.L has a 0.05% expense ratio, which is lower than VETA.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GILS.L vs. VETA.L - Dividend Comparison
Neither GILS.L nor VETA.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GILS.L Lyxor Core UK Government Bond (DR) UCITS ETF - Dist | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% |
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GILS.L and VETA.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GILS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILS.L is cheaper with a 0.05% expense ratio, compared with 0.07% for VETA.L.
GILS.L tracks FTSE Actuaries UK Conventional Gilts All Stocks, while VETA.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Lyxor and Vanguard. Their fees differ too: 0.05% for GILS.L and 0.07% for VETA.L.
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