IBGL.L vs. VUTY.L
IBGL.L (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - IBGL.L tracks the iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) while VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, IBGL.L returned -2.49%/yr vs 0.60%/yr for VUTY.L. A 0.52 correlation means they provide meaningful diversification when combined. IBGL.L charges 0.20%/yr vs 0.05%/yr for VUTY.L.
Performance
IBGL.L vs. VUTY.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBGL.L achieves a -4.18% return, which is significantly lower than VUTY.L's -0.43% return. Over the past 10 years, IBGL.L has underperformed VUTY.L with an annualized return of -2.49%, while VUTY.L has yielded a comparatively higher 0.60% annualized return.
IBGL.L
- 1D
- -0.40%
- 1M
- -4.05%
- 6M
- -4.44%
- YTD
- -4.18%
- 1Y
- -4.09%
- 3Y*
- -0.76%
- 5Y*
- -8.38%
- 10Y*
- -2.49%
VUTY.L
- 1D
- -0.63%
- 1M
- -0.62%
- 6M
- -0.61%
- YTD
- -0.43%
- 1Y
- 2.80%
- 3Y*
- 1.93%
- 5Y*
- -0.28%
- 10Y*
- 0.60%
IBGL.L vs. VUTY.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) | -4.18% | -0.80% | -5.06% | 7.50% | -30.45% | -13.04% | 18.01% | 9.96% | 3.80% | 2.19% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.43% | -1.14% | 2.53% | -1.95% | -1.84% | -1.13% | 4.01% | 3.66% | 6.64% | -6.80% |
Correlation
The correlation between IBGL.L and VUTY.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.52 |
Over the past year, the correlation between IBGL.L and VUTY.L has dropped to 0.27 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
IBGL.L vs. VUTY.L — Risk / Return Rank
IBGL.L
VUTY.L
IBGL.L vs. VUTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.08 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.53 | -1.03 |
| Martin ratioReturn relative to average drawdown | -1.08 | 1.22 | -2.29 |
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Drawdowns
IBGL.L vs. VUTY.L - Drawdown Comparison
The maximum IBGL.L drawdown since its inception was -46.77%, which is greater than VUTY.L's maximum drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for IBGL.L and VUTY.L.
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Drawdown Indicators
| IBGL.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.77% | -22.66% | -24.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -5.24% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -8.28% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -16.17% | -25.37% |
Max Drawdown (10Y)Largest decline over 10 years | -46.77% | -22.66% | -24.11% |
Current DrawdownCurrent decline from peak | -42.87% | -18.09% | -24.78% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -12.67% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.29% | +1.70% |
Volatility
IBGL.L vs. VUTY.L - Volatility Comparison
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBGL.L) has a higher volatility of 2.80% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) at 2.01%. This indicates that IBGL.L's price experiences larger fluctuations and is considered to be riskier than VUTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGL.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 2.01% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 4.46% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.44% | 5.99% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 8.66% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 9.23% | +3.64% |
IBGL.L vs. VUTY.L - Expense Ratio Comparison
IBGL.L has a 0.20% expense ratio, which is higher than VUTY.L'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
IBGL.L vs. VUTY.L - Dividend Comparison
IBGL.L's dividend yield for the trailing twelve months is around 3.83%, less than VUTY.L's 4.30% 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) | 3.83% | 3.48% | 3.23% | 2.65% | 1.28% | 0.55% | 0.73% | 1.28% | 1.48% | 1.32% | 1.41% | 1.78% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.30% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% | 0.00% |
Frequently Asked Questions
IBGL.L and VUTY.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.20% for IBGL.L.
IBGL.L tracks iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist), while VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IBGL.L and 0.05% for VUTY.L.
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