IBGS.L vs. GIL5.L
IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and GIL5.L (Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist) are both European Government Bonds funds - IBGS.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR while GIL5.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, IBGS.L returned 0.92%/yr vs 1.23%/yr for GIL5.L. At a 0.21 correlation, their price movements are largely independent. IBGS.L charges 0.15%/yr vs 0.05%/yr for GIL5.L.
Performance
IBGS.L vs. GIL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBGS.L achieves a -1.02% return, which is significantly lower than GIL5.L's 0.31% 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%
GIL5.L
- 1D
- -0.11%
- 1M
- 0.34%
- YTD
- 0.31%
- 6M
- 0.58%
- 1Y
- 2.88%
- 3Y*
- 4.08%
- 5Y*
- 1.23%
- 10Y*
- —
IBGS.L vs. GIL5.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% |
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist | 0.31% | 5.12% | 2.49% | 4.05% | -4.53% | -1.87% | 1.64% | 1.03% | 0.23% | -0.33% |
Correlation
The correlation between IBGS.L and GIL5.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2016 | 0.21 |
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Return for Risk
IBGS.L vs. GIL5.L — Risk / Return Rank
IBGS.L
GIL5.L
IBGS.L vs. GIL5.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 Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.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 | GIL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 1.50 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.05 | 5.00 | -1.95 |
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
| IBGS.L | GIL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 1.42 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.47 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.36 | -0.11 |
Drawdowns
IBGS.L vs. GIL5.L - Drawdown Comparison
The maximum IBGS.L drawdown since its inception was -16.59%, which is greater than GIL5.L's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for IBGS.L and GIL5.L.
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Drawdown Indicators
| IBGS.L | GIL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.59% | -9.42% | -7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -1.91% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -1.91% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -8.75% | +2.80% |
Max Drawdown (10Y)Largest decline over 10 years | -13.11% | — | — |
Current DrawdownCurrent decline from peak | -3.95% | -0.78% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -1.61% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.58% | +0.58% |
Volatility
IBGS.L vs. GIL5.L - Volatility Comparison
iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) has a higher volatility of 1.20% compared to Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L) at 0.60%. This indicates that IBGS.L's price experiences larger fluctuations and is considered to be riskier than GIL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGS.L | GIL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.60% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 1.71% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 2.02% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 2.60% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 2.13% | +4.96% |
IBGS.L vs. GIL5.L - Expense Ratio Comparison
IBGS.L has a 0.15% expense ratio, which is higher than GIL5.L's 0.05% 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
IBGS.L vs. GIL5.L - Dividend Comparison
IBGS.L's dividend yield for the trailing twelve months is around 2.18%, less than GIL5.L's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist | 2.34% | 2.34% | 1.94% | 1.36% | 1.39% | 1.60% | 2.26% | 2.70% | 2.92% | 3.17% | 1.56% | 0.00% |
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 GIL5.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GIL5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GIL5.L is cheaper with a 0.05% expense ratio, compared with 0.15% for IBGS.L.
IBGS.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while GIL5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for IBGS.L and 0.05% for GIL5.L.
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