IBGM.L vs. XGLE.L
IBGM.L (iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist)) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from iShares and DWS respectively. Both are passively managed. Over the past 10 years, IBGM.L returned 31.18%/yr vs 0.62%/yr for XGLE.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
IBGM.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
IBGM.L is traded in GBP, while XGLE.L is traded in EUR. To make them comparable, the XGLE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBGM.L achieves a -2.35% return, which is significantly lower than XGLE.L's -0.67% return. Over the past 10 years, IBGM.L has outperformed XGLE.L with an annualized return of 31.18%, while XGLE.L has yielded a comparatively lower 0.62% 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%
XGLE.L
- 1D
- 0.19%
- 1M
- 0.83%
- YTD
- -0.67%
- 6M
- -0.96%
- 1Y
- 2.65%
- 3Y*
- 2.50%
- 5Y*
- -2.15%
- 10Y*
- 0.62%
IBGM.L vs. XGLE.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% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.71% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 1.78% | 4.23% |
Correlation
The correlation between IBGM.L and XGLE.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2009 | 0.78 |
The correlation between IBGM.L and XGLE.L shifts across timeframes, from 0.78 (all time) to 0.91 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBGM.L vs. XGLE.L — Risk / Return Rank
IBGM.L
XGLE.L
IBGM.L vs. XGLE.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 Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.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 | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.08 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 0.58 | -0.58 |
| Martin ratioReturn relative to average drawdown | 0.01 | 1.30 | -1.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBGM.L | XGLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 0.47 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.29 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.07 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.24 | -0.03 |
Drawdowns
IBGM.L vs. XGLE.L - Drawdown Comparison
The maximum IBGM.L drawdown since its inception was -26.66%, roughly equal to the maximum XGLE.L drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for IBGM.L and XGLE.L.
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Drawdown Indicators
| IBGM.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.66% | -26.78% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -4.53% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -6.85% | -6.20% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -20.99% | -0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -26.66% | -26.78% | +0.12% |
Current DrawdownCurrent decline from peak | -5.51% | -18.89% | +13.38% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -10.13% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.04% | +0.80% |
Volatility
IBGM.L vs. XGLE.L - Volatility Comparison
iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.L) has a higher volatility of 2.59% compared to Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) at 2.02%. This indicates that IBGM.L's price experiences larger fluctuations and is considered to be riskier than XGLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGM.L | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.02% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | 4.33% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 5.58% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.47% | 7.50% | +185.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.63% | 8.54% | +130.09% |
IBGM.L vs. XGLE.L - Expense Ratio Comparison
Both IBGM.L and XGLE.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBGM.L vs. XGLE.L - Dividend Comparison
Neither IBGM.L nor XGLE.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% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBGM.L and XGLE.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBGM.L and XGLE.L have the same expense ratio: 0.15% per year.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and DWS.
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