IBGS.L vs. IBGM.L
Compare and contrast key facts about iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.L).
IBGS.L and IBGM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBGS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. It was launched on Jun 5, 2006. IBGM.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt TR EUR. It was launched on Mar 18, 2010. Both IBGS.L and IBGM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBGS.L or IBGM.L.
Key characteristics
| IBGS.L | IBGM.L | |
|---|---|---|
| YTD Return | -1.14% | -1.92% |
| 1Y Return | 2.08% | 6.27% |
| 3Y Return (Ann) | -0.20% | -5.02% |
| 5Y Return (Ann) | -0.93% | -3.63% |
| 10Y Return (Ann) | 4.38% | 1.31% |
| Sharpe Ratio | 0.48 | 0.78 |
| Daily Std Dev | 3.65% | 7.16% |
| Max Drawdown | -13.11% | -27.44% |
| Current Drawdown | -9.46% | -21.75% |
Correlation
The correlation between IBGS.L and IBGM.L is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IBGS.L vs. IBGM.L - Performance Comparison
In the year-to-date period, IBGS.L achieves a -1.14% return, which is significantly higher than IBGM.L's -1.92% return. Over the past 10 years, IBGS.L has outperformed IBGM.L with an annualized return of 4.38%, while IBGM.L has yielded a comparatively lower 1.31% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBGS.L vs. IBGM.L - Expense Ratio Comparison
Both IBGS.L and IBGM.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%.
Risk-Adjusted Performance
IBGS.L vs. IBGM.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.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.
Dividends
IBGS.L vs. IBGM.L - Dividend Comparison
IBGS.L's dividend yield for the trailing twelve months is around 2.51%, less than IBGM.L's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.95% | 28.29% | 43.88% | 2.07% |
IBGM.L iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.56% | 79.03% | 13.18% | 0.00% | 8.74% | 63.75% | 74.12% | 74.41% | 77.14% | 106.84% | 90.53% | 2.06% |
Drawdowns
IBGS.L vs. IBGM.L - Drawdown Comparison
The maximum IBGS.L drawdown since its inception was -13.11%, smaller than the maximum IBGM.L drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for IBGS.L and IBGM.L. For additional features, visit the drawdowns tool.
Volatility
IBGS.L vs. IBGM.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) is 2.02%, while iShares Euro Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.L) has a volatility of 2.69%. This indicates that IBGS.L experiences smaller price fluctuations and is considered to be less risky than IBGM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.