IGL5.L vs. SEGA.L

Last updated Jun 5, 2026

IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) and SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP) while SEGA.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 3 years, IGL5.L returned 4.23%/yr vs 2.02%/yr for SEGA.L. A 0.58 correlation means they provide meaningful diversification when combined. IGL5.L charges 0.07%/yr vs 0.09%/yr for SEGA.L.

Performance

IGL5.L vs. SEGA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) and iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGL5.L achieves a 0.92% return, which is significantly higher than SEGA.L's -2.14% return.

IGL5.L

• 1D: 0.09%
• 1M: 0.61%
• YTD: 0.92%
• 6M: 0.63%
• 1Y: 3.10%
• 3Y*: 4.23%
• 5Y*: —
• 10Y*: —

SEGA.L

• 1D: 0.21%
• 1M: 0.89%
• YTD: -2.14%
• 6M: -2.17%
• 1Y: 1.39%
• 3Y*: 2.02%
• 5Y*: -2.37%
• 10Y*: 0.52%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGL5.L vs. SEGA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)	0.92%	4.56%	2.68%	4.14%
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist)	-2.14%	5.88%	-2.94%	6.05%

Correlation

The correlation between IGL5.L and SEGA.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since May 24, 2023	0.58

The correlation between IGL5.L and SEGA.L has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

Return for Risk

IGL5.L vs. SEGA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGL5.L

IGL5.L Risk / Return Rank: 41
IGL5.L Sharpe Ratio Rank: 42
IGL5.L Sortino Ratio Rank: 44
IGL5.L Omega Ratio Rank: 49
IGL5.L Calmar Ratio Rank: 34
IGL5.L Martin Ratio Rank: 37

SEGA.L

SEGA.L Risk / Return Rank: 12
SEGA.L Sharpe Ratio Rank: 13
SEGA.L Sortino Ratio Rank: 12
SEGA.L Omega Ratio Rank: 11
SEGA.L Calmar Ratio Rank: 12
SEGA.L Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGL5.L vs. SEGA.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 Core Euro Government Bond UCITS ETF (Dist) (SEGA.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	SEGA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.25	+1.23
Sortino ratio: Return per unit of downside risk	2.18	0.39	+1.79
Omega ratio: Gain probability vs. loss probability	1.30	1.05	+0.26
Calmar ratio: Return relative to maximum drawdown	1.63	0.27	+1.36
Martin ratio: Return relative to average drawdown	5.55	0.57	+4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGL5.L vs. SEGA.L - Sharpe Ratio Comparison

The current IGL5.L Sharpe Ratio is 1.48, which is higher than the SEGA.L Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of IGL5.L and SEGA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGL5.L	SEGA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	0.25	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.88	0.16	+1.72

Drawdowns

IGL5.L vs. SEGA.L - Drawdown Comparison

The maximum IGL5.L drawdown since its inception was -1.89%, smaller than the maximum SEGA.L drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for IGL5.L and SEGA.L.

Drawdown Indicators

	IGL5.L	SEGA.L	Difference
Max Drawdown Largest peak-to-trough decline	-1.89%	-26.75%	+24.86%
Max Drawdown (1Y) Largest decline over 1 year	-1.89%	-5.13%	+3.24%
Max Drawdown (3Y) Largest decline over 3 years	-1.89%	-6.26%	+4.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.75%	—
Current Drawdown Current decline from peak	-0.64%	-19.89%	+19.25%
Average Drawdown Average peak-to-trough decline	-0.31%	-10.41%	+10.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.56%	2.42%	-1.86%

Volatility

IGL5.L vs. SEGA.L - Volatility Comparison

The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) is 0.70%, while iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) has a volatility of 1.77%. This indicates that IGL5.L experiences smaller price fluctuations and is considered to be less risky than SEGA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGL5.L	SEGA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	1.77%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	1.89%	4.34%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	2.09%	5.55%	-3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.16%	7.48%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.16%	8.50%	-6.34%

IGL5.L vs. SEGA.L - Expense Ratio Comparison

IGL5.L has a 0.07% expense ratio, which is lower than SEGA.L's 0.09% 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%.

Dividends

IGL5.L vs. SEGA.L - Dividend Comparison

IGL5.L has not paid dividends to shareholders, while SEGA.L's dividend yield for the trailing twelve months is around 1.19%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (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%
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist)	1.19%	2.25%	1.82%	0.97%	0.26%	0.25%	0.45%	0.68%	0.65%	0.69%	0.86%	0.60%

Frequently Asked Questions

Can I hold both IGL5.L and SEGA.L in my portfolio?

IGL5.L and SEGA.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGL5.L or SEGA.L?

On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGL5.L or SEGA.L?

IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.09% for SEGA.L.

What is the main difference between IGL5.L and SEGA.L?

IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP), while SEGA.L tracks Bloomberg Euro Agg Govt TR EUR. Their fees differ too: 0.07% for IGL5.L and 0.09% for SEGA.L.