IBCL.DE vs. VGTY.DE
IBCL.DE (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - IBCL.DE tracks the Bloomberg Euro Government Bond 15-30 Year Index while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, IBCL.DE returned -7.37%/yr vs 0.19%/yr for VGTY.DE. At a 0.37 correlation, their price movements are largely independent. IBCL.DE charges 0.15%/yr vs 0.05%/yr for VGTY.DE.
Performance
IBCL.DE vs. VGTY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCL.DE achieves a 1.09% return, which is significantly lower than VGTY.DE's 2.87% return.
IBCL.DE
- 1D
- -0.28%
- 1M
- 1.11%
- 6M
- 1.89%
- YTD
- 1.09%
- 1Y
- -1.73%
- 3Y*
- 0.28%
- 5Y*
- -7.37%
- 10Y*
- -2.57%
VGTY.DE
- 1D
- -0.05%
- 1M
- 1.91%
- 6M
- 2.81%
- YTD
- 2.87%
- 1Y
- 6.01%
- 3Y*
- 1.47%
- 5Y*
- 0.19%
- 10Y*
- —
IBCL.DE vs. VGTY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 1.09% | -5.38% | -0.90% | 9.73% | -34.35% | -6.57% | 11.60% | 15.55% | 3.25% | 0.92% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 2.87% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -1.94% | 9.66% | 4.95% | -2.98% |
Correlation
The correlation between IBCL.DE and VGTY.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.37 |
Over the past year, the correlation between IBCL.DE and VGTY.DE has dropped to 0.14 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
IBCL.DE vs. VGTY.DE — Risk / Return Rank
IBCL.DE
VGTY.DE
IBCL.DE vs. VGTY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBCL.DE | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.20 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.50 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.58 | 3.90 | -4.48 |
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Drawdowns
IBCL.DE vs. VGTY.DE - Drawdown Comparison
The maximum IBCL.DE drawdown since its inception was -43.80%, which is greater than VGTY.DE's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for IBCL.DE and VGTY.DE.
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Drawdown Indicators
| IBCL.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.80% | -17.51% | -26.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -3.98% | -2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -11.97% | -11.05% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -42.19% | -12.99% | -29.20% |
Max Drawdown (10Y)Largest decline over 10 years | -43.80% | — | — |
Current DrawdownCurrent decline from peak | -36.74% | -11.40% | -25.34% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -9.06% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 1.54% | +1.39% |
Volatility
IBCL.DE vs. VGTY.DE - Volatility Comparison
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBCL.DE) has a higher volatility of 2.18% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) at 1.57%. This indicates that IBCL.DE's price experiences larger fluctuations and is considered to be riskier than VGTY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCL.DE | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 1.57% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 3.81% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.15% | 5.47% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 7.99% | +5.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.50% | 7.66% | +3.84% |
IBCL.DE vs. VGTY.DE - Expense Ratio Comparison
IBCL.DE has a 0.15% expense ratio, which is higher than VGTY.DE's 0.05% 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
IBCL.DE vs. VGTY.DE - Dividend Comparison
IBCL.DE's dividend yield for the trailing twelve months is around 3.63%, less than VGTY.DE's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCL.DE iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 3.63% | 3.53% | 3.19% | 2.64% | 1.31% | 0.53% | 0.74% | 1.26% | 1.50% | 1.35% | 1.47% | 1.83% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.19% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
IBCL.DE and VGTY.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for IBCL.DE.
IBCL.DE tracks Bloomberg Euro Government Bond 15-30 Year Index, while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for IBCL.DE and 0.05% for VGTY.DE.
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