IGAA.L vs. VDST.L
IGAA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc)) and VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) are both Government Bonds funds - IGAA.L tracks the iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) while VDST.L tracks the Bloomberg Short Treasury Index. Both are passively managed. Over the past 5 years, IGAA.L returned -0.18%/yr vs 3.44%/yr for VDST.L. At a 0.08 correlation, their price movements are largely independent. IGAA.L charges 0.50%/yr vs 0.05%/yr for VDST.L.
Performance
IGAA.L vs. VDST.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGAA.L achieves a -4.55% return, which is significantly lower than VDST.L's 1.84% return.
IGAA.L
- 1D
- -0.35%
- 1M
- -0.87%
- 6M
- -4.22%
- YTD
- -4.55%
- 1Y
- -5.18%
- 3Y*
- 1.27%
- 5Y*
- -0.18%
- 10Y*
- —
VDST.L
- 1D
- 0.03%
- 1M
- 0.30%
- 6M
- 1.70%
- YTD
- 1.84%
- 1Y
- 3.89%
- 3Y*
- 4.64%
- 5Y*
- 3.44%
- 10Y*
- —
IGAA.L vs. VDST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGAA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) | -4.55% | 5.88% | 1.45% | 4.93% | -8.03% | -4.34% | 6.39% |
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 1.84% | 4.27% | 5.24% | 4.98% | 0.97% | -0.00% | 0.02% |
Correlation
The correlation between IGAA.L and VDST.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.08 |
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Return for Risk
IGAA.L vs. VDST.L — Risk / Return Rank
IGAA.L
VDST.L
IGAA.L vs. VDST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) (IGAA.L) and Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.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.
| IGAA.L | VDST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.19 | ||
| Sortino ratioReturn per unit of downside risk | -23.24 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 5.06 | -4.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 37.89 | -38.66 |
| Martin ratioReturn relative to average drawdown | -1.62 | 239.52 | -241.14 |
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Drawdowns
IGAA.L vs. VDST.L - Drawdown Comparison
The maximum IGAA.L drawdown since its inception was -21.59%, which is greater than VDST.L's maximum drawdown of -0.37%. Use the drawdown chart below to compare losses from any high point for IGAA.L and VDST.L.
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Drawdown Indicators
| IGAA.L | VDST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -0.37% | -21.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -0.10% | -6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -7.68% | -0.14% | -7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -18.76% | -0.35% | -18.41% |
Current DrawdownCurrent decline from peak | -5.97% | 0.00% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -0.03% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 0.02% | +3.17% |
Volatility
IGAA.L vs. VDST.L - Volatility Comparison
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) (IGAA.L) has a higher volatility of 1.46% compared to Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) at 0.10%. This indicates that IGAA.L's price experiences larger fluctuations and is considered to be riskier than VDST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGAA.L | VDST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.10% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 0.32% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.60% | 0.42% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 0.47% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 0.44% | +5.69% |
IGAA.L vs. VDST.L - Expense Ratio Comparison
IGAA.L has a 0.50% expense ratio, which is higher than VDST.L's 0.05% expense ratio.
Dividends
IGAA.L vs. VDST.L - Dividend Comparison
Neither IGAA.L nor VDST.L has paid dividends to shareholders.
Frequently Asked Questions
IGAA.L and VDST.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDST.L is cheaper with a 0.05% expense ratio, compared with 0.50% for IGAA.L.
IGAA.L tracks iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc), while VDST.L tracks Bloomberg Short Treasury Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for IGAA.L and 0.05% for VDST.L.
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