IGL5.L vs. CE31.L
Compare and contrast key facts about iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L).
IGL5.L and CE31.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGL5.L is a passively managed fund by iShares that tracks the performance of the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). It was launched on Apr 19, 2023. CE31.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. It was launched on Jun 2, 2009. Both IGL5.L and CE31.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IGL5.L vs. CE31.L - Performance Comparison
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IGL5.L vs. CE31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.47% | 4.56% | 2.68% | 4.14% |
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | -0.43% | 7.55% | -1.61% | 2.91% |
Different Trading Currencies
IGL5.L is traded in GBP, while CE31.L is traded in GBp. To make them comparable, the CE31.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGL5.L achieves a 0.47% return, which is significantly higher than CE31.L's -0.43% return.
IGL5.L
- 1D
- 0.41%
- 1M
- -0.92%
- YTD
- 0.47%
- 6M
- 1.35%
- 1Y
- 3.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CE31.L
- 1D
- -0.09%
- 1M
- -1.02%
- YTD
- -0.43%
- 6M
- 0.26%
- 1Y
- 5.52%
- 3Y*
- 2.33%
- 5Y*
- 1.17%
- 10Y*
- 1.16%
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IGL5.L vs. CE31.L - Expense Ratio Comparison
IGL5.L has a 0.07% expense ratio, which is lower than CE31.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IGL5.L vs. CE31.L — Risk / Return Rank
IGL5.L
CE31.L
IGL5.L vs. CE31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.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.
| IGL5.L | CE31.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.91 | 1.12 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.73 | 1.78 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.21 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.77 | +0.15 |
Martin ratioReturn relative to average drawdown | 9.35 | 4.12 | +5.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGL5.L | CE31.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.12 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.96 | 0.08 | +1.88 |
Correlation
The correlation between IGL5.L and CE31.L is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IGL5.L vs. CE31.L - Dividend Comparison
Neither IGL5.L nor CE31.L has paid dividends to shareholders.
Drawdowns
IGL5.L vs. CE31.L - Drawdown Comparison
The maximum IGL5.L drawdown since its inception was -1.89%, smaller than the maximum CE31.L drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for IGL5.L and CE31.L.
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Drawdown Indicators
| IGL5.L | CE31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.89% | -18.33% | +16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -3.05% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.14% | — |
Current DrawdownCurrent decline from peak | -1.08% | -3.52% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -7.29% | +7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 1.31% | -0.92% |
Volatility
IGL5.L vs. CE31.L - Volatility Comparison
iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L) have volatilities of 1.15% and 1.20%, 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
| IGL5.L | CE31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.20% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.58% | 2.95% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 4.91% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 5.37% | -3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.11% | 7.18% | -5.07% |