IBGM.L vs. VETY.L
IBGM.L (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from iShares and Vanguard respectively. Both are passively managed. Over the past 10 years, IBGM.L returned 31.18%/yr vs 0.12%/yr for VETY.L. With a 0.98 correlation, they move nearly in lockstep. IBGM.L charges 0.15%/yr vs 0.07%/yr for VETY.L.
Performance
IBGM.L vs. VETY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBGM.L achieves a -2.35% return, which is significantly lower than VETY.L's -2.03% return. Over the past 10 years, IBGM.L has outperformed VETY.L with an annualized return of 31.18%, while VETY.L has yielded a comparatively lower 0.12% annualized return.
IBGM.L
- 1D
- 0.20%
- 1M
- -1.36%
- YTD
- -2.35%
- 6M
- -2.29%
- 1Y
- 0.51%
- 3Y*
- 1.73%
- 5Y*
- 39.50%
- 10Y*
- 31.18%
VETY.L
- 1D
- 0.19%
- 1M
- -0.19%
- YTD
- -2.03%
- 6M
- -2.18%
- 1Y
- 0.09%
- 3Y*
- 0.38%
- 5Y*
- -3.27%
- 10Y*
- 0.12%
IBGM.L vs. VETY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGM.L iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | -2.35% | 5.38% | -3.53% | 465.78% | -3.14% | -9.55% | 20.87% | 117.65% | 2.05% | 4.56% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -2.03% | 2.82% | -5.14% | 5.08% | -13.54% | -9.76% | 10.66% | 1.61% | 1.86% | 3.57% |
Correlation
The correlation between IBGM.L and VETY.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2016 | 0.98 |
The correlation between IBGM.L and VETY.L has been stable across timeframes, ranging from 0.94 to 0.98 - 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
IBGM.L vs. VETY.L — Risk / Return Rank
IBGM.L
VETY.L
IBGM.L vs. VETY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.L) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.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.
| IBGM.L | VETY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | -0.05 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.01 | -0.10 | +0.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBGM.L | VETY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | -0.04 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.43 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.01 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.04 | +0.17 |
Drawdowns
IBGM.L vs. VETY.L - Drawdown Comparison
The maximum IBGM.L drawdown since its inception was -26.66%, roughly equal to the maximum VETY.L drawdown of -26.39%. Use the drawdown chart below to compare losses from any high point for IBGM.L and VETY.L.
Loading charts...
Drawdown Indicators
| IBGM.L | VETY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -26.39% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -5.11% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -7.67% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -20.49% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -26.66% | -26.39% | -0.27% |
Current DrawdownCurrent decline from peak | -5.51% | -23.46% | +17.95% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -12.50% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.44% | +0.40% |
Volatility
IBGM.L vs. VETY.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.L) has a higher volatility of 2.59% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) at 1.84%. This indicates that IBGM.L's price experiences larger fluctuations and is considered to be riskier than VETY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGM.L | VETY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.84% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | 4.28% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 5.64% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.47% | 7.56% | +185.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.63% | 8.54% | +130.09% |
IBGM.L vs. VETY.L - Expense Ratio Comparison
IBGM.L has a 0.15% expense ratio, which is higher than VETY.L'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%.
Dividends
IBGM.L vs. VETY.L - Dividend Comparison
Neither IBGM.L nor VETY.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGM.L iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.00% | 1.33% | 2.78% | 79.03% | 13.18% | 0.00% | 8.74% | 63.75% | 0.74% | 0.74% | 0.77% | 1.07% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.00% | 0.00% | 0.28% | 2.11% | 0.54% | 0.09% | 0.17% | 0.60% | 0.63% | 0.54% | 0.37% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, IBGM.L and VETY.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VETY.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETY.L is cheaper with a 0.07% expense ratio, compared with 0.15% for IBGM.L.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for IBGM.L and 0.07% for VETY.L.
Find the right allocation for IBGM.L and VETY.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