IGEA.L vs. VUTY.L
IGEA.L (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - IGEA.L tracks the iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) while VUTY.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, IGEA.L returned 1.01%/yr vs 0.87%/yr for VUTY.L. At a 0.04 correlation, their price movements are largely independent. IGEA.L charges 0.50%/yr vs 0.05%/yr for VUTY.L.
Performance
IGEA.L vs. VUTY.L - Performance Comparison
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Different Trading Currencies
IGEA.L is traded in USD, while VUTY.L is traded in GBP. To make them comparable, the VUTY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGEA.L achieves a -5.98% return, which is significantly lower than VUTY.L's 0.15% return. Over the past 10 years, IGEA.L has outperformed VUTY.L with an annualized return of 1.01%, while VUTY.L has yielded a comparatively lower 0.87% annualized return.
IGEA.L
- 1D
- -0.23%
- 1M
- -0.62%
- 6M
- -5.73%
- YTD
- -5.98%
- 1Y
- -6.63%
- 3Y*
- 0.73%
- 5Y*
- -0.49%
- 10Y*
- 1.01%
VUTY.L
- 1D
- 0.50%
- 1M
- 0.28%
- 6M
- 0.09%
- YTD
- 0.15%
- 1Y
- 3.98%
- 3Y*
- 3.07%
- 5Y*
- -0.60%
- 10Y*
- 0.87%
IGEA.L vs. VUTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -5.98% | 5.84% | 1.57% | 4.77% | -7.79% | -4.40% | 9.11% | 8.96% | -1.76% | 12.35% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 0.15% | 6.32% | 0.82% | 3.23% | -12.33% | -2.02% | 7.20% | 7.82% | 0.61% | 2.07% |
Correlation
The correlation between IGEA.L and VUTY.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.04 |
The correlation between IGEA.L and VUTY.L shifts across timeframes, from 0.04 (all time) to 0.20 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGEA.L vs. VUTY.L — Risk / Return Rank
IGEA.L
VUTY.L
IGEA.L vs. VUTY.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 (Dist) (IGEA.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.
| IGEA.L | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.14 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.30 | -2.07 |
| Martin ratioReturn relative to average drawdown | -1.46 | 3.37 | -4.83 |
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Drawdowns
IGEA.L vs. VUTY.L - Drawdown Comparison
The maximum IGEA.L drawdown since its inception was -21.51%, which is greater than VUTY.L's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for IGEA.L and VUTY.L.
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Drawdown Indicators
| IGEA.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.51% | -19.26% | -2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.59% | -3.06% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -5.48% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -16.64% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | -21.51% | -19.26% | -2.25% |
Current DrawdownCurrent decline from peak | -7.77% | -7.14% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -6.93% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 1.18% | +3.35% |
Volatility
IGEA.L vs. VUTY.L - Volatility Comparison
The current volatility for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IGEA.L) is 1.16%, while Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) has a volatility of 1.53%. This indicates that IGEA.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.
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Volatility by Period
| IGEA.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.53% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 3.82% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 4.88% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 7.02% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.33% | 6.76% | -0.43% |
IGEA.L vs. VUTY.L - Expense Ratio Comparison
IGEA.L has a 0.50% expense ratio, which is higher than VUTY.L's 0.05% expense ratio.
Dividends
IGEA.L vs. VUTY.L - Dividend Comparison
IGEA.L's dividend yield for the trailing twelve months is around 1.78%, less than VUTY.L's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGEA.L iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 1.78% | 3.24% | 3.07% | 2.87% | 2.96% | 2.42% | 2.80% | 2.46% | 2.57% | 2.02% | 3.01% | 1.18% |
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
IGEA.L and VUTY.L have a correlation of 0.11, 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 0.50% for IGEA.L.
IGEA.L tracks iShares Emerging Asia Local Govt Bond UCITS ETF USD (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: 0.50% for IGEA.L and 0.05% for VUTY.L.
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