IBGL.L vs. LUTR.L
IBGL.L (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) and LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) are both exchange-traded funds - IBGL.L is a Long-Term Bond fund tracking the Bloomberg Euro Government Bond 30 Year Term Index, while LUTR.L is a Government Bonds fund tracking the Bloomberg US Treasury 10+ Year Index. Both are passively managed. Over the past 10 years, IBGL.L returned -2.51%/yr vs -1.87%/yr for LUTR.L. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
IBGL.L vs. LUTR.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBGL.L is traded in GBP, while LUTR.L is traded in USD. To make them comparable, the LUTR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBGL.L achieves a -3.67% return, which is significantly lower than LUTR.L's -1.26% return. Over the past 10 years, IBGL.L has underperformed LUTR.L with an annualized return of -2.51%, while LUTR.L has yielded a comparatively higher -1.87% annualized return.
IBGL.L
- 1D
- 0.54%
- 1M
- -4.50%
- 6M
- -4.09%
- YTD
- -3.67%
- 1Y
- -3.59%
- 3Y*
- -1.16%
- 5Y*
- -8.28%
- 10Y*
- -2.51%
LUTR.L
- 1D
- 0.82%
- 1M
- -2.66%
- 6M
- -1.92%
- YTD
- -1.26%
- 1Y
- 4.05%
- 3Y*
- -1.85%
- 5Y*
- -5.95%
- 10Y*
- -1.87%
IBGL.L vs. LUTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGL.L iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | -3.67% | -0.80% | -5.06% | 7.50% | -30.45% | -13.04% | 18.01% | 9.96% | 3.80% | 2.19% |
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | -1.26% | -2.06% | -4.11% | -2.62% | -20.41% | -3.94% | 13.15% | 11.01% | 4.10% | -0.80% |
Correlation
The correlation between IBGL.L and LUTR.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.67 |
The correlation between IBGL.L and LUTR.L has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBGL.L vs. LUTR.L — Risk / Return Rank
IBGL.L
LUTR.L
IBGL.L vs. LUTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBGL.L) and SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.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.
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.
| IBGL.L | LUTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.07 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.53 | -0.94 |
| Martin ratioReturn relative to average drawdown | -0.89 | 1.06 | -1.95 |
Loading charts...
Drawdowns
IBGL.L vs. LUTR.L - Drawdown Comparison
The maximum IBGL.L drawdown since its inception was -46.77%, roughly equal to the maximum LUTR.L drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for IBGL.L and LUTR.L.
Loading charts...
Drawdown Indicators
| IBGL.L | LUTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.77% | -46.19% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -7.64% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -15.23% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -36.05% | -5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -46.77% | -46.19% | -0.58% |
Current DrawdownCurrent decline from peak | -42.57% | -42.54% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -23.19% | +8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 3.81% | +0.21% |
Volatility
IBGL.L vs. LUTR.L - Volatility Comparison
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBGL.L) and SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) have volatilities of 2.86% and 2.98%, 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.
Loading charts...
Volatility by Period
| IBGL.L | LUTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.98% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.33% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.45% | 9.72% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 14.84% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 14.99% | -2.12% |
IBGL.L vs. LUTR.L - Expense Ratio Comparison
Both IBGL.L and LUTR.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
IBGL.L vs. LUTR.L - Dividend Comparison
IBGL.L's dividend yield for the trailing twelve months is around 3.81%, less than LUTR.L's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGL.L iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 3.81% | 3.48% | 3.23% | 2.65% | 1.28% | 0.55% | 0.73% | 1.28% | 1.48% | 1.32% | 1.41% | 1.78% |
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.65% | 4.40% | 4.22% | 3.13% | 2.56% | 1.72% | 1.91% | 2.42% | 2.49% | 2.61% | 1.14% | 0.00% |
Frequently Asked Questions
IBGL.L and LUTR.L have a correlation of 0.61, 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.
IBGL.L and LUTR.L have the same expense ratio: 0.15% per year.
IBGL.L is categorized as Long-Term Bond, while LUTR.L is Government Bonds. IBGL.L tracks Bloomberg Euro Government Bond 30 Year Term Index, while LUTR.L tracks Bloomberg US Treasury 10+ Year Index. They also come from different issuers: iShares and State Street.
Find the right allocation for IBGL.L and LUTR.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer