IBGL.L vs. U10G.L
IBGL.L (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) and U10G.L (Amundi US Treasury Bond 10+Y UCITS ETF Dist) are both exchange-traded funds - IBGL.L is a Long-Term Bond fund tracking the Bloomberg Euro Government Bond 30 Year Term Index, while U10G.L is a Government Bonds fund tracking the Bloomberg US Long Treasury Index. Both are passively managed. Over the past 10 years, IBGL.L returned -2.51%/yr vs -2.16%/yr for U10G.L. A 0.55 correlation means they provide meaningful diversification when combined. IBGL.L charges 0.15%/yr vs 0.06%/yr for U10G.L.
Performance
IBGL.L vs. U10G.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBGL.L is traded in GBP, while U10G.L is traded in GBp. To make them comparable, the U10G.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 U10G.L's -1.46% return. Over the past 10 years, IBGL.L has underperformed U10G.L with an annualized return of -2.51%, while U10G.L has yielded a comparatively higher -2.16% 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%
U10G.L
- 1D
- 0.88%
- 1M
- -1.86%
- 6M
- -1.88%
- YTD
- -1.46%
- 1Y
- 0.29%
- 3Y*
- -2.90%
- 5Y*
- -6.55%
- 10Y*
- -2.16%
IBGL.L vs. U10G.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% |
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | -1.46% | -5.06% | -4.15% | -3.04% | -20.31% | -3.63% | 12.61% | 11.28% | 4.25% | -1.39% |
Correlation
The correlation between IBGL.L and U10G.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2010 | 0.55 |
The correlation between IBGL.L and U10G.L shifts across timeframes, from 0.55 (all time) to 0.68 (10 years), reflecting how their relationship changes across market environments.
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. U10G.L — Risk / Return Rank
IBGL.L
U10G.L
IBGL.L vs. U10G.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 Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.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 | U10G.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.01 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.03 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.89 | 0.05 | -0.94 |
Loading charts...
Drawdowns
IBGL.L vs. U10G.L - Drawdown Comparison
The maximum IBGL.L drawdown since its inception was -46.77%, roughly equal to the maximum U10G.L drawdown of -46.23%. Use the drawdown chart below to compare losses from any high point for IBGL.L and U10G.L.
Loading charts...
Drawdown Indicators
| IBGL.L | U10G.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.77% | -46.23% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -10.50% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -15.14% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -35.82% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -46.77% | -46.23% | -0.54% |
Current DrawdownCurrent decline from peak | -42.57% | -44.71% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -21.10% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 6.01% | -1.99% |
Volatility
IBGL.L vs. U10G.L - Volatility Comparison
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBGL.L) has a higher volatility of 2.86% compared to Amundi US Treasury Bond 10+Y UCITS ETF Dist (U10G.L) at 2.70%. This indicates that IBGL.L's price experiences larger fluctuations and is considered to be riskier than U10G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGL.L | U10G.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.70% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 6.48% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.45% | 9.53% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 14.51% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 14.85% | -1.98% |
IBGL.L vs. U10G.L - Expense Ratio Comparison
IBGL.L has a 0.15% expense ratio, which is higher than U10G.L's 0.06% 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
IBGL.L vs. U10G.L - Dividend Comparison
IBGL.L's dividend yield for the trailing twelve months is around 3.81%, more than U10G.L's 0.04% 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% |
U10G.L Amundi US Treasury Bond 10+Y UCITS ETF Dist | 0.04% | 0.03% | 3.47% | 2.86% | 3.24% | 2.26% | 2.37% | 2.95% | 3.19% | 3.30% | 4.40% | 0.00% |
Frequently Asked Questions
IBGL.L and U10G.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, U10G.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
U10G.L is cheaper with a 0.06% expense ratio, compared with 0.15% for IBGL.L.
IBGL.L is categorized as Long-Term Bond, while U10G.L is Government Bonds. IBGL.L tracks Bloomberg Euro Government Bond 30 Year Term Index, while U10G.L tracks Bloomberg US Long Treasury Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IBGL.L and 0.06% for U10G.L.
Find the right allocation for IBGL.L and U10G.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