IBGY.L vs. VUTY.L
IBGY.L (iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist)) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - IBGY.L tracks the iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) while VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, IBGY.L returned -0.02%/yr vs 0.60%/yr for VUTY.L. A 0.59 correlation means they provide meaningful diversification when combined. IBGY.L charges 0.20%/yr vs 0.05%/yr for VUTY.L.
Performance
IBGY.L vs. VUTY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBGY.L achieves a -4.44% return, which is significantly lower than VUTY.L's -0.43% return. Over the past 10 years, IBGY.L has underperformed VUTY.L with an annualized return of -0.02%, while VUTY.L has yielded a comparatively higher 0.60% annualized return.
IBGY.L
- 1D
- -0.78%
- 1M
- -2.48%
- 6M
- -4.06%
- YTD
- -4.44%
- 1Y
- -2.82%
- 3Y*
- 2.31%
- 5Y*
- -1.77%
- 10Y*
- -0.02%
VUTY.L
- 1D
- -0.63%
- 1M
- -0.62%
- 6M
- -0.61%
- YTD
- -0.43%
- 1Y
- 2.80%
- 3Y*
- 1.93%
- 5Y*
- -0.28%
- 10Y*
- 0.60%
IBGY.L vs. VUTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.40% | 3.93% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.43% | -1.14% | 2.53% | -1.95% | -1.84% | -1.13% | 4.01% | 3.66% | 6.64% | -6.80% |
Correlation
The correlation between IBGY.L and VUTY.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.59 |
Over the past year, the correlation between IBGY.L and VUTY.L has dropped to 0.34 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBGY.L vs. VUTY.L — Risk / Return Rank
IBGY.L
VUTY.L
IBGY.L vs. VUTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.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 | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.08 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 0.53 | -1.01 |
| Martin ratioReturn relative to average drawdown | -1.04 | 1.22 | -2.26 |
Loading charts...
Drawdowns
IBGY.L vs. VUTY.L - Drawdown Comparison
The maximum IBGY.L drawdown since its inception was -22.02%, roughly equal to the maximum VUTY.L drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for IBGY.L and VUTY.L.
Loading charts...
Drawdown Indicators
| IBGY.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.02% | -22.66% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -5.24% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -8.28% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -16.17% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -22.02% | -22.66% | +0.64% |
Current DrawdownCurrent decline from peak | -15.22% | -18.09% | +2.87% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -12.67% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.29% | +0.41% |
Volatility
IBGY.L vs. VUTY.L - Volatility Comparison
The current volatility for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.L) is 1.44%, while Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) has a volatility of 2.01%. This indicates that IBGY.L experiences smaller price fluctuations and is considered to be less risky than VUTY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGY.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.01% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 4.46% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 5.99% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 8.66% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 9.23% | -1.72% |
IBGY.L vs. VUTY.L - Expense Ratio Comparison
IBGY.L has a 0.20% expense ratio, which is higher than VUTY.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
IBGY.L vs. VUTY.L - Dividend Comparison
IBGY.L's dividend yield for the trailing twelve months is around 1.34%, less than VUTY.L's 4.30% yield.
| 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% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.30% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% | 0.00% |
Frequently Asked Questions
IBGY.L and VUTY.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.20% for IBGY.L.
IBGY.L tracks iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist), while VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IBGY.L and 0.05% for VUTY.L.
Find the right allocation for IBGY.L and VUTY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer