IBGL.MI vs. IUSA.MI

Last updated Apr 2, 2026

Compare and contrast key facts about iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI) and iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI).

IBGL.MI and IUSA.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBGL.MI is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Government Bond 30 Year Term Index. It was launched on Dec 8, 2006. IUSA.MI is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Mar 15, 2002. Both IBGL.MI and IUSA.MI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBGL.MI vs. IUSA.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI) and iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI). The values are adjusted to include any dividend payments, if applicable.

IBGL.MI vs. IUSA.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IBGL.MI iShares € Govt Bond 15-30yr UCITS ETF EUR Dist	0.07%	-5.53%	-0.17%	10.21%	-34.75%	-7.00%	11.97%	15.43%	3.11%	-1.15%
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist	-3.06%	4.45%	33.78%	22.41%	-14.63%	41.22%	7.78%	34.61%	-0.92%	7.06%

Returns By Period

In the year-to-date period, IBGL.MI achieves a 0.07% return, which is significantly higher than IUSA.MI's -3.06% return. Over the past 10 years, IBGL.MI has underperformed IUSA.MI with an annualized return of -2.05%, while IUSA.MI has yielded a comparatively higher 13.82% annualized return.

IBGL.MI

• 1D: 0.24%
• 1M: -3.15%
• YTD: 0.07%
• 6M: -0.40%
• 1Y: -0.83%
• 3Y*: -0.24%
• 5Y*: -7.80%
• 10Y*: -2.05%

IUSA.MI

• 1D: 1.65%
• 1M: -2.95%
• YTD: -3.06%
• 6M: 0.09%
• 1Y: 10.27%
• 3Y*: 16.21%
• 5Y*: 12.23%
• 10Y*: 13.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBGL.MI vs. IUSA.MI - Expense Ratio Comparison

IBGL.MI has a 0.15% expense ratio, which is higher than IUSA.MI'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%.

IBGL.MI

iShares € Govt Bond 15-30yr UCITS ETF EUR Dist

IUSA.MI

iShares Core S&P 500 UCITS ETF USD Dist

Return for Risk

IBGL.MI vs. IUSA.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBGL.MI

IBGL.MI Risk / Return Rank: 9
IBGL.MI Sharpe Ratio Rank: 10
IBGL.MI Sortino Ratio Rank: 9
IBGL.MI Omega Ratio Rank: 9
IBGL.MI Calmar Ratio Rank: 10
IBGL.MI Martin Ratio Rank: 10

IUSA.MI

IUSA.MI Risk / Return Rank: 30
IUSA.MI Sharpe Ratio Rank: 30
IUSA.MI Sortino Ratio Rank: 29
IUSA.MI Omega Ratio Rank: 31
IUSA.MI Calmar Ratio Rank: 29
IUSA.MI Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBGL.MI vs. IUSA.MI - 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.MI) and iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI). 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.

	IBGL.MI	IUSA.MI	Difference
Sharpe ratio Return per unit of total volatility	-0.10	0.60	-0.70
Sortino ratio Return per unit of downside risk	-0.07	0.91	-0.99
Omega ratio Gain probability vs. loss probability	0.99	1.14	-0.15
Calmar ratio Return relative to maximum drawdown	-0.14	0.76	-0.90
Martin ratio Return relative to average drawdown	-0.28	3.16	-3.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBGL.MI vs. IUSA.MI - Sharpe Ratio Comparison

The current IBGL.MI Sharpe Ratio is -0.10, which is lower than the IUSA.MI Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of IBGL.MI and IUSA.MI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBGL.MI	IUSA.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	0.60	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.58	0.80	-1.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.18	0.85	-1.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.61	-0.34

Correlation

The correlation between IBGL.MI and IUSA.MI is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

IBGL.MI vs. IUSA.MI - Dividend Comparison

IBGL.MI's dividend yield for the trailing twelve months is around 3.52%, more than IUSA.MI's 1.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBGL.MI iShares € Govt Bond 15-30yr UCITS ETF EUR Dist	3.52%	3.53%	3.18%	2.66%	1.32%	0.53%	0.74%	1.27%	1.50%	1.35%	1.48%	1.83%
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist	1.14%	1.08%	1.07%	1.36%	1.55%	1.16%	1.62%	1.67%	2.01%	1.74%	1.51%	1.68%

Drawdowns

IBGL.MI vs. IUSA.MI - Drawdown Comparison

The maximum IBGL.MI drawdown since its inception was -43.83%, smaller than the maximum IUSA.MI drawdown of -51.36%. Use the drawdown chart below to compare losses from any high point for IBGL.MI and IUSA.MI.

Drawdown Indicators

	IBGL.MI	IUSA.MI	Difference
Max Drawdown Largest peak-to-trough decline	-43.83%	-51.36%	+7.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	-13.44%	+7.32%
Max Drawdown (5Y) Largest decline over 5 years	-42.23%	-23.25%	-18.98%
Max Drawdown (10Y) Largest decline over 10 years	-43.83%	-33.61%	-10.22%
Current Drawdown Current decline from peak	-37.38%	-5.24%	-32.14%
Average Drawdown Average peak-to-trough decline	-11.98%	-7.57%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.26%	-0.29%

Volatility

IBGL.MI vs. IUSA.MI - Volatility Comparison

iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI) and iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) have volatilities of 3.72% and 3.69%, 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.

Volatility by Period

	IBGL.MI	IUSA.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	3.69%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	5.62%	8.48%	-2.86%
Volatility (1Y) Calculated over the trailing 1-year period	8.73%	17.06%	-8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	15.15%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.42%	16.11%	-4.69%