IEAA.L vs. VGIT
IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past 5 years, IEAA.L returned 0.06%/yr vs 0.93%/yr for VGIT. At a 0.20 correlation, their price movements are largely independent. IEAA.L charges 0.20%/yr vs 0.03%/yr for VGIT.
Performance
IEAA.L vs. VGIT - Performance Comparison
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Different Trading Currencies
IEAA.L is traded in EUR, while VGIT is traded in USD. To make them comparable, the VGIT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAA.L achieves a 0.75% return, which is significantly lower than VGIT's 1.25% return.
IEAA.L
- 1D
- 0.37%
- 1M
- 0.93%
- YTD
- 0.75%
- 6M
- 1.12%
- 1Y
- 2.08%
- 3Y*
- 4.66%
- 5Y*
- 0.06%
- 10Y*
- —
VGIT
- 1D
- -0.04%
- 1M
- 1.32%
- YTD
- 1.25%
- 6M
- 1.52%
- 1Y
- 3.37%
- 3Y*
- 1.31%
- 5Y*
- 0.93%
- 10Y*
- 0.87%
IEAA.L vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.75% | 3.08% | 4.42% | 7.48% | -13.40% | -1.11% | 2.70% | 6.24% | -1.48% | 0.67% |
VGIT Vanguard Intermediate-Term Treasury ETF | 1.25% | -5.40% | 8.08% | 1.15% | -4.99% | 4.64% | -1.17% | 8.59% | 6.11% | -1.55% |
Correlation
The correlation between IEAA.L and VGIT is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.20 |
The correlation between IEAA.L and VGIT shifts across timeframes, from -0.04 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEAA.L vs. VGIT — Risk / Return Rank
IEAA.L
VGIT
IEAA.L vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.
| IEAA.L | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.73 | +0.07 |
| Martin ratioReturn relative to average drawdown | 2.83 | 2.05 | +0.78 |
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Drawdowns
IEAA.L vs. VGIT - Drawdown Comparison
The maximum IEAA.L drawdown since its inception was -17.29%, roughly equal to the maximum VGIT drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for IEAA.L and VGIT.
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Drawdown Indicators
| IEAA.L | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.29% | -17.29% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -4.62% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -2.58% | -10.42% | +7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -12.57% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.26% | — |
Current DrawdownCurrent decline from peak | -0.83% | -8.02% | +7.19% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -7.22% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.64% | -0.91% |
Volatility
IEAA.L vs. VGIT - Volatility Comparison
iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) has a higher volatility of 1.32% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 0.72%. This indicates that IEAA.L's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAA.L | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.72% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 4.17% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 5.66% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 7.84% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 7.63% | -2.90% |
IEAA.L vs. VGIT - Expense Ratio Comparison
IEAA.L has a 0.20% expense ratio, which is higher than VGIT's 0.03% 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
IEAA.L vs. VGIT - Dividend Comparison
IEAA.L has not paid dividends to shareholders, while VGIT's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (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% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
IEAA.L and VGIT have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGIT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.20% for IEAA.L.
IEAA.L is categorized as European Corporate Bonds, while VGIT is Government Bonds. IEAA.L tracks Bloomberg Euro Corp TR EUR, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IEAA.L and 0.03% for VGIT.
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