IBCX.L vs. VGOV.L
Compare and contrast key facts about iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.L).
IBCX.L and VGOV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBCX.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Corp TR EUR. It was launched on Mar 17, 2003. VGOV.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 22, 2012. Both IBCX.L and VGOV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBCX.L or VGOV.L.
Correlation
The correlation between IBCX.L and VGOV.L is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IBCX.L vs. VGOV.L - Performance Comparison
Key characteristics
IBCX.L:
1.70
VGOV.L:
0.05
IBCX.L:
2.56
VGOV.L:
0.13
IBCX.L:
1.29
VGOV.L:
1.01
IBCX.L:
0.51
VGOV.L:
0.01
IBCX.L:
8.90
VGOV.L:
0.12
IBCX.L:
0.62%
VGOV.L:
3.25%
IBCX.L:
3.22%
VGOV.L:
7.33%
IBCX.L:
-23.17%
VGOV.L:
-39.28%
IBCX.L:
-5.62%
VGOV.L:
-32.88%
Returns By Period
In the year-to-date period, IBCX.L achieves a 0.60% return, which is significantly higher than VGOV.L's 0.25% return. Over the past 10 years, IBCX.L has outperformed VGOV.L with an annualized return of 0.57%, while VGOV.L has yielded a comparatively lower -0.90% annualized return.
IBCX.L
0.60%
0.65%
2.09%
5.35%
-0.76%
0.57%
VGOV.L
0.25%
0.68%
-3.88%
-0.05%
-6.46%
-0.90%
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IBCX.L vs. VGOV.L - Expense Ratio Comparison
IBCX.L has a 0.20% expense ratio, which is higher than VGOV.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%.
Risk-Adjusted Performance
IBCX.L vs. VGOV.L — Risk-Adjusted Performance Rank
IBCX.L
VGOV.L
IBCX.L vs. VGOV.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.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.
Dividends
IBCX.L vs. VGOV.L - Dividend Comparison
IBCX.L's dividend yield for the trailing twelve months is around 2.72%, less than VGOV.L's 4.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCX.L iShares Euro Corporate Bond Large Cap UCITS ETF | 2.72% | 2.74% | 2.31% | 1.05% | 0.73% | 0.84% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% | 2.08% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | 4.17% | 4.14% | 3.16% | 1.87% | 1.09% | 1.16% | 1.38% | 1.57% | 1.62% | 1.62% | 1.92% | 2.05% |
Drawdowns
IBCX.L vs. VGOV.L - Drawdown Comparison
The maximum IBCX.L drawdown since its inception was -23.17%, smaller than the maximum VGOV.L drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for IBCX.L and VGOV.L. For additional features, visit the drawdowns tool.
Volatility
IBCX.L vs. VGOV.L - Volatility Comparison
The current volatility for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCX.L) is 1.93%, while Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) has a volatility of 2.78%. This indicates that IBCX.L experiences smaller price fluctuations and is considered to be less risky than VGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.