IBGL.MI vs. TLT5.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI) and Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L).

IBGL.MI and TLT5.L 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. TLT5.L is an actively managed fund by Leverage Shares. It was launched on May 15, 2023.

Performance

IBGL.MI vs. TLT5.L - 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 Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L). The values are adjusted to include any dividend payments, if applicable.

IBGL.MI vs. TLT5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBGL.MI iShares € Govt Bond 15-30yr UCITS ETF EUR Dist	0.07%	-5.53%	-0.17%	7.42%
TLT5.L Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities	-7.98%	-34.86%	-56.94%	19.55%

Different Trading Currencies

IBGL.MI is traded in EUR, while TLT5.L is traded in USD. To make them comparable, the TLT5.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IBGL.MI achieves a 0.07% return, which is significantly higher than TLT5.L's -7.98% 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%

TLT5.L

• 1D: 1.57%
• 1M: -14.38%
• YTD: -7.98%
• 6M: -18.03%
• 1Y: -44.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBGL.MI vs. TLT5.L - Expense Ratio Comparison

IBGL.MI has a 0.15% expense ratio, which is lower than TLT5.L's 0.75% expense ratio.

TLT5.L

Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities

IBGL.MI

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

Return for Risk

IBGL.MI vs. TLT5.L — 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

TLT5.L

TLT5.L Risk / Return Rank: 2
TLT5.L Sharpe Ratio Rank: 2
TLT5.L Sortino Ratio Rank: 3
TLT5.L Omega Ratio Rank: 3
TLT5.L Calmar Ratio Rank: 1
TLT5.L Martin Ratio Rank: 4

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. TLT5.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.MI) and Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.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.

	IBGL.MI	TLT5.L	Difference
Sharpe ratio Return per unit of total volatility	-0.10	-0.78	+0.69
Sortino ratio Return per unit of downside risk	-0.07	-0.96	+0.89
Omega ratio Gain probability vs. loss probability	0.99	0.88	+0.11
Calmar ratio Return relative to maximum drawdown	-0.14	-0.85	+0.71
Martin ratio Return relative to average drawdown	-0.28	-1.05	+0.77
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. TLT5.L - Sharpe Ratio Comparison

The current IBGL.MI Sharpe Ratio is -0.10, which is higher than the TLT5.L Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of IBGL.MI and TLT5.L, 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	TLT5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	-0.78	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	-0.38	+0.66

Correlation

The correlation between IBGL.MI and TLT5.L is 0.69, 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.

Dividends

IBGL.MI vs. TLT5.L - Dividend Comparison

IBGL.MI's dividend yield for the trailing twelve months is around 3.52%, while TLT5.L has not paid dividends to shareholders.

	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%
TLT5.L Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IBGL.MI vs. TLT5.L - Drawdown Comparison

The maximum IBGL.MI drawdown since its inception was -43.83%, smaller than the maximum TLT5.L drawdown of -85.17%. Use the drawdown chart below to compare losses from any high point for IBGL.MI and TLT5.L.

Drawdown Indicators

	IBGL.MI	TLT5.L	Difference
Max Drawdown Largest peak-to-trough decline	-43.83%	-84.31%	+40.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.12%	-49.16%	+43.04%
Max Drawdown (5Y) Largest decline over 5 years	-42.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.83%	—	—
Current Drawdown Current decline from peak	-37.38%	-83.48%	+46.10%
Average Drawdown Average peak-to-trough decline	-11.98%	-63.64%	+51.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	38.14%	-35.17%

Volatility

IBGL.MI vs. TLT5.L - Volatility Comparison

The current volatility for iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI) is 3.72%, while Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) has a volatility of 16.83%. This indicates that IBGL.MI experiences smaller price fluctuations and is considered to be less risky than TLT5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGL.MI	TLT5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	16.83%	-13.11%
Volatility (6M) Calculated over the trailing 6-month period	5.62%	31.72%	-26.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.73%	57.28%	-48.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	86.99%	-73.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.42%	86.99%	-75.57%