IBGY.L vs. JG15.L
IBGY.L (iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist)) and JG15.L (JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist)) are both European Government Bonds funds - IBGY.L tracks the BBG Euro Government Bond 5-7 Year Term Index while JG15.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, IBGY.L returned -1.77%/yr vs 0.88%/yr for JG15.L. A 0.51 correlation means they provide meaningful diversification when combined. IBGY.L charges 0.15%/yr vs 0.07%/yr for JG15.L.
Performance
IBGY.L vs. JG15.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 JG15.L's 0.48% return.
IBGY.L
- 1D
- -0.78%
- 1M
- -2.84%
- 6M
- -2.70%
- YTD
- -4.44%
- 1Y
- -2.77%
- 3Y*
- 2.31%
- 5Y*
- -1.77%
- 10Y*
- -0.02%
JG15.L
- 1D
- 0.01%
- 1M
- -0.29%
- 6M
- 0.21%
- YTD
- 0.48%
- 1Y
- 2.68%
- 3Y*
- 4.39%
- 5Y*
- 0.88%
- 10Y*
- —
IBGY.L vs. JG15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | -4.44% | 7.76% | -2.63% | 4.85% | -10.06% | -8.35% | 8.45% | -0.79% | 3.42% |
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) | 0.48% | 5.58% | 1.79% | 3.85% | -5.75% | -1.91% | 1.86% | 1.33% | 0.61% |
Correlation
The correlation between IBGY.L and JG15.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.51 |
The correlation between IBGY.L and JG15.L has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
IBGY.L vs. JG15.L — Risk / Return Rank
IBGY.L
JG15.L
IBGY.L vs. JG15.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 JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.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 | JG15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.22 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 1.14 | -1.61 |
| Martin ratioReturn relative to average drawdown | -1.04 | 3.44 | -4.48 |
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Drawdowns
IBGY.L vs. JG15.L - Drawdown Comparison
The maximum IBGY.L drawdown since its inception was -22.02%, which is greater than JG15.L's maximum drawdown of -11.34%. Use the drawdown chart below to compare losses from any high point for IBGY.L and JG15.L.
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Drawdown Indicators
| IBGY.L | JG15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.02% | -11.34% | -10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -2.35% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -2.35% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -10.68% | -6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -22.02% | — | — |
Current DrawdownCurrent decline from peak | -15.22% | -0.69% | -14.53% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -2.37% | -7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 0.78% | +1.92% |
Volatility
IBGY.L vs. JG15.L - Volatility Comparison
iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.L) has a higher volatility of 1.44% compared to JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) (JG15.L) at 0.72%. This indicates that IBGY.L's price experiences larger fluctuations and is considered to be riskier than JG15.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 | JG15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.72% | +0.72% |
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% | 2.39% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 3.07% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 2.54% | +4.97% |
IBGY.L vs. JG15.L - Expense Ratio Comparison
IBGY.L has a 0.15% expense ratio, which is higher than JG15.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. JG15.L - Dividend Comparison
IBGY.L has not paid dividends to shareholders, while JG15.L's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | 0.00% | 2.60% | 2.59% | 0.84% | 0.00% | 0.00% | 0.13% | 0.51% | 0.34% | 0.22% | 0.48% | 0.35% |
JG15.L JPMorgan BetaBuilders UK Gilt 1-5 UCITS ETF - GBP (Dist) | 3.82% | 3.71% | 3.44% | 2.28% | 0.68% | 0.12% | 0.34% | 0.91% | 0.35% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBGY.L and JG15.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JG15.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JG15.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 JG15.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.15% for IBGY.L and 0.07% for JG15.L.
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