IBTM.L vs. VGEA.DE
IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both exchange-traded funds - IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, IBTM.L returned -0.07%/yr vs -2.18%/yr for VGEA.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
IBTM.L vs. VGEA.DE - Performance Comparison
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Different Trading Currencies
IBTM.L is traded in GBP, while VGEA.DE is traded in EUR. To make them comparable, the VGEA.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBTM.L achieves a -0.44% return, which is significantly higher than VGEA.DE's -0.74% return.
IBTM.L
- 1D
- -0.27%
- 1M
- 1.13%
- YTD
- -0.44%
- 6M
- -0.61%
- 1Y
- 4.98%
- 3Y*
- 0.81%
- 5Y*
- -0.07%
- 10Y*
- 1.18%
VGEA.DE
- 1D
- 0.31%
- 1M
- 0.54%
- YTD
- -0.74%
- 6M
- -1.10%
- 1Y
- 1.38%
- 3Y*
- 2.75%
- 5Y*
- -2.18%
- 10Y*
- —
IBTM.L vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | -0.44% | 0.89% | 1.46% | -2.26% | -4.74% | -1.77% | 6.02% | 5.89% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -0.74% | 5.91% | -2.89% | 4.80% | -13.82% | -10.13% | 10.71% | 4.25% |
Correlation
The correlation between IBTM.L and VGEA.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.56 |
The correlation between IBTM.L and VGEA.DE shifts across timeframes, from 0.37 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBTM.L vs. VGEA.DE — Risk / Return Rank
IBTM.L
VGEA.DE
IBTM.L vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE). 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.
| IBTM.L | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.04 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.31 | +0.58 |
| Martin ratioReturn relative to average drawdown | 2.08 | 0.66 | +1.42 |
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Drawdowns
IBTM.L vs. VGEA.DE - Drawdown Comparison
The maximum IBTM.L drawdown since its inception was -52.39%, which is greater than VGEA.DE's maximum drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for IBTM.L and VGEA.DE.
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Drawdown Indicators
| IBTM.L | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -26.58% | -25.81% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -4.51% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -6.18% | -1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -20.82% | +4.53% |
Max Drawdown (10Y)Largest decline over 10 years | -26.54% | — | — |
Current DrawdownCurrent decline from peak | -21.38% | -18.67% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -20.63% | -15.01% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.08% | +0.30% |
Volatility
IBTM.L vs. VGEA.DE - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) have volatilities of 1.55% and 1.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTM.L | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 1.59% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 4.37% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 5.64% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 7.51% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 7.85% | +2.73% |
IBTM.L vs. VGEA.DE - Expense Ratio Comparison
Both IBTM.L and VGEA.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBTM.L vs. VGEA.DE - Dividend Comparison
IBTM.L's dividend yield for the trailing twelve months is around 4.36%, while VGEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.36% | 4.19% | 3.94% | 3.16% | 1.96% | 1.14% | 1.69% | 2.53% | 2.34% | 2.02% | 1.79% | 1.97% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 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
IBTM.L and VGEA.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBTM.L and VGEA.DE have the same expense ratio: 0.07% per year.
IBTM.L is categorized as Government Bonds, while VGEA.DE is European Government Bonds. IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: iShares and Vanguard.
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