IBGY.L vs. IGL5.L
IBGY.L (iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist)) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds from iShares - IBGY.L tracks the BBG Euro Government Bond 5-7 Year Term Index while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, IBGY.L returned 2.31%/yr vs 4.52%/yr for IGL5.L. At a 0.49 correlation, their price movements are largely independent. IBGY.L charges 0.15%/yr vs 0.07%/yr for IGL5.L.
Performance
IBGY.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, IBGY.L achieves a -4.44% return, which is significantly lower than IGL5.L's 1.26% return.
IBGY.L
- 1D
- -0.78%
- 1M
- -2.68%
- 6M
- -2.87%
- YTD
- -4.44%
- 1Y
- -3.14%
- 3Y*
- 2.31%
- 5Y*
- -1.77%
- 10Y*
- -0.02%
IGL5.L
- 1D
- -0.18%
- 1M
- 0.00%
- 6M
- 0.53%
- YTD
- 1.26%
- 1Y
- 2.73%
- 3Y*
- 4.52%
- 5Y*
- —
- 10Y*
- —
IBGY.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | -4.44% | 7.76% | -2.63% | 5.23% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 1.26% | 4.50% | 2.70% | 4.01% |
Correlation
The correlation between IBGY.L and IGL5.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 23, 2023 | 0.49 |
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Return for Risk
IBGY.L vs. IGL5.L — Risk / Return Rank
IBGY.L
IGL5.L
IBGY.L vs. IGL5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBGY.L | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.22 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 1.40 | -1.88 |
| Martin ratioReturn relative to average drawdown | -1.04 | 4.69 | -5.73 |
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Drawdowns
IBGY.L vs. IGL5.L - Drawdown Comparison
The maximum IBGY.L drawdown since its inception was -22.02%, which is greater than IGL5.L's maximum drawdown of -2.00%. Use the drawdown chart below to compare losses from any high point for IBGY.L and IGL5.L.
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Drawdown Indicators
| IBGY.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.02% | -2.00% | -20.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -1.94% | -3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -1.94% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.02% | — | — |
Current DrawdownCurrent decline from peak | -15.22% | -0.53% | -14.69% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -0.31% | -9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 0.58% | +2.12% |
Volatility
IBGY.L vs. IGL5.L - Volatility Comparison
iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.L) has a higher volatility of 1.44% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.75%. This indicates that IBGY.L's price experiences larger fluctuations and is considered to be riskier than IGL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGY.L | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.75% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 2.17% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 2.64% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 2.57% | +4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 2.57% | +4.94% |
IBGY.L vs. IGL5.L - Expense Ratio Comparison
IBGY.L has a 0.15% expense ratio, which is higher than IGL5.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%.
Dividends
IBGY.L vs. IGL5.L - Dividend Comparison
IBGY.L's dividend yield for the trailing twelve months is around 1.34%, while IGL5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | 1.34% | 2.60% | 2.59% | 0.84% | 0.00% | 0.00% | 0.13% | 0.51% | 0.34% | 0.22% | 0.48% | 0.35% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 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
IBGY.L and IGL5.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.15% for IBGY.L.
IBGY.L tracks BBG Euro Government Bond 5-7 Year Term Index, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Their fees differ too: 0.15% for IBGY.L and 0.07% for IGL5.L.
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