IBGS.L vs. EU13.L
IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and EU13.L (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, from iShares and State Street respectively. Both are passively managed. Over the past 10 years, IBGS.L returned 1.38%/yr vs 1.18%/yr for EU13.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
IBGS.L vs. EU13.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBGS.L is traded in GBP, while EU13.L is traded in EUR. To make them comparable, the EU13.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBGS.L achieves a -1.02% return, which is significantly lower than EU13.L's -0.83% return. Over the past 10 years, IBGS.L has outperformed EU13.L with an annualized return of 1.38%, while EU13.L has yielded a comparatively lower 1.18% annualized return.
IBGS.L
- 1D
- -0.07%
- 1M
- 0.24%
- YTD
- -1.02%
- 6M
- -0.96%
- 1Y
- 3.54%
- 3Y*
- 2.79%
- 5Y*
- 0.92%
- 10Y*
- 1.38%
EU13.L
- 1D
- -0.07%
- 1M
- 0.34%
- YTD
- -0.83%
- 6M
- -1.00%
- 1Y
- 3.52%
- 3Y*
- 2.71%
- 5Y*
- 0.70%
- 10Y*
- 1.18%
IBGS.L vs. EU13.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | -1.02% | 7.76% | -1.67% | 1.50% | 1.00% | -7.25% | 5.39% | -4.81% | 0.64% | 3.54% |
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | -0.83% | 7.69% | -1.68% | 1.21% | -0.04% | -6.69% | 5.47% | -5.54% | 0.77% | 3.73% |
Correlation
The correlation between IBGS.L and EU13.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.84 |
The correlation between IBGS.L and EU13.L has been stable across timeframes, ranging from 0.83 to 0.84 - 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
IBGS.L vs. EU13.L — Risk / Return Rank
IBGS.L
EU13.L
IBGS.L vs. EU13.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.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.
| IBGS.L | EU13.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.34 | +0.02 |
| Martin ratioReturn relative to average drawdown | 3.05 | 2.90 | +0.15 |
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
| IBGS.L | EU13.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.85 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.13 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.17 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.14 | +0.11 |
Drawdowns
IBGS.L vs. EU13.L - Drawdown Comparison
The maximum IBGS.L drawdown since its inception was -16.59%, which is greater than EU13.L's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for IBGS.L and EU13.L.
Loading charts...
Drawdown Indicators
| IBGS.L | EU13.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -13.87% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -2.62% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -3.13% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -6.61% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -13.11% | -13.87% | +0.76% |
Current DrawdownCurrent decline from peak | -3.95% | -5.09% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -7.20% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.21% | -0.05% |
Volatility
IBGS.L vs. EU13.L - Volatility Comparison
iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) has a higher volatility of 1.20% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) at 1.09%. This indicates that IBGS.L's price experiences larger fluctuations and is considered to be riskier than EU13.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGS.L | EU13.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.09% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.85% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.15% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 5.31% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 7.11% | -0.02% |
IBGS.L vs. EU13.L - Expense Ratio Comparison
Both IBGS.L and EU13.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
IBGS.L vs. EU13.L - Dividend Comparison
IBGS.L's dividend yield for the trailing twelve months is around 2.18%, less than EU13.L's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.29% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.39% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.28% |
Frequently Asked Questions
IBGS.L and EU13.L have a correlation of 0.84, 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.
IBGS.L and EU13.L have the same expense ratio: 0.15% per year.
Both ETFs track Bloomberg Euro Agg Govt 1-3 Yr TR EUR. They also come from different issuers: iShares and State Street.
Find the right allocation for IBGS.L and EU13.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