IBGS.L vs. IGLS.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L).

IBGS.L and IGLS.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. IGLS.L is a passively managed fund by iShares that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on Apr 17, 2009. Both IBGS.L and IGLS.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.

Performance

IBGS.L vs. IGLS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L). The values are adjusted to include any dividend payments, if applicable.

IBGS.L vs. IGLS.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)	-0.45%	7.76%	-1.67%	1.50%	1.00%	-7.25%	5.39%	-4.81%	0.64%	3.54%
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	-0.30%	5.26%	2.65%	4.19%	-4.45%	-1.68%	1.49%	1.05%	0.13%	-0.38%

Returns By Period

In the year-to-date period, IBGS.L achieves a -0.45% return, which is significantly lower than IGLS.L's -0.30% return. Over the past 10 years, IBGS.L has outperformed IGLS.L with an annualized return of 1.23%, while IGLS.L has yielded a comparatively lower 0.86% annualized return.

IBGS.L

• 1D: -12.78%
• 1M: -0.35%
• YTD: -0.45%
• 6M: 0.16%
• 1Y: 5.42%
• 3Y*: 2.33%
• 5Y*: 1.20%
• 10Y*: 1.23%

IGLS.L

• 1D: 0.00%
• 1M: -0.70%
• YTD: -0.30%
• 6M: 1.26%
• 1Y: 3.62%
• 3Y*: 3.55%
• 5Y*: 1.22%
• 10Y*: 0.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBGS.L vs. IGLS.L - Expense Ratio Comparison

IBGS.L has a 0.15% expense ratio, which is higher than IGLS.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%.

IBGS.L

iShares Euro Government Bond 1-3yr UCITS ETF (Dist)

IGLS.L

iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)

Return for Risk

IBGS.L vs. IGLS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBGS.L

IBGS.L Risk / Return Rank: 25
IBGS.L Sharpe Ratio Rank: 18
IBGS.L Sortino Ratio Rank: 19
IBGS.L Omega Ratio Rank: 45
IBGS.L Calmar Ratio Rank: 17
IBGS.L Martin Ratio Rank: 28

IGLS.L

IGLS.L Risk / Return Rank: 74
IGLS.L Sharpe Ratio Rank: 84
IGLS.L Sortino Ratio Rank: 87
IGLS.L Omega Ratio Rank: 86
IGLS.L Calmar Ratio Rank: 54
IGLS.L Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBGS.L vs. IGLS.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 iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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	IGLS.L	Difference
Sharpe ratio Return per unit of total volatility	0.27	1.75	-1.48
Sortino ratio Return per unit of downside risk	0.55	2.47	-1.92
Omega ratio Gain probability vs. loss probability	1.19	1.36	-0.18
Calmar ratio Return relative to maximum drawdown	0.36	1.63	-1.27
Martin ratio Return relative to average drawdown	2.99	7.10	-4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBGS.L vs. IGLS.L - Sharpe Ratio Comparison

The current IBGS.L Sharpe Ratio is 0.27, which is lower than the IGLS.L Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of IBGS.L and IGLS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBGS.L	IGLS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	1.75	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.46	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.40	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.68	-0.37

Correlation

The correlation between IBGS.L and IGLS.L is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBGS.L vs. IGLS.L - Dividend Comparison

IBGS.L's dividend yield for the trailing twelve months is around 2.17%, less than IGLS.L's 4.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist)	2.17%	2.39%	2.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.28%
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	4.01%	3.88%	3.67%	1.62%	0.30%	0.25%	0.53%	0.46%	0.33%	0.53%	0.88%	0.48%

Drawdowns

IBGS.L vs. IGLS.L - Drawdown Comparison

The maximum IBGS.L drawdown since its inception was -1,442.04%, which is greater than IGLS.L's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for IBGS.L and IGLS.L.

Drawdown Indicators

	IBGS.L	IGLS.L	Difference
Max Drawdown Largest peak-to-trough decline	-1,442.04%	-9.54%	-1,432.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-1.95%	-10.83%
Max Drawdown (5Y) Largest decline over 5 years	-12.78%	-8.85%	-3.93%
Max Drawdown (10Y) Largest decline over 10 years	-13.11%	-9.54%	-3.57%
Current Drawdown Current decline from peak	-12.78%	-1.21%	-11.57%
Average Drawdown Average peak-to-trough decline	-66.58%	-1.10%	-65.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	0.45%	+1.08%

Volatility

IBGS.L vs. IGLS.L - Volatility Comparison

iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) has a higher volatility of 19.92% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 1.09%. This indicates that IBGS.L's price experiences larger fluctuations and is considered to be riskier than IGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBGS.L	IGLS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.92%	1.09%	+18.83%
Volatility (6M) Calculated over the trailing 6-month period	19.70%	1.43%	+18.27%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	2.06%	+18.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.27%	2.62%	+7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.47%	2.15%	+7.32%