IGLO.L vs. VETY.L
IGLO.L (iShares Global Government Bond UCITS) and VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while VETY.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, IGLO.L returned -0.82%/yr vs -0.61%/yr for VETY.L. A 0.70 correlation means they provide meaningful diversification when combined. IGLO.L charges 0.20%/yr vs 0.07%/yr for VETY.L.
Performance
IGLO.L vs. VETY.L - Performance Comparison
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Different Trading Currencies
IGLO.L is traded in USD, while VETY.L is traded in GBP. To make them comparable, the VETY.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLO.L achieves a -1.63% return, which is significantly higher than VETY.L's -2.27% return. Over the past 10 years, IGLO.L has underperformed VETY.L with an annualized return of -0.82%, while VETY.L has yielded a comparatively higher -0.61% annualized return.
IGLO.L
- 1D
- 0.19%
- 1M
- -0.07%
- YTD
- -1.63%
- 6M
- -1.00%
- 1Y
- -0.09%
- 3Y*
- 1.45%
- 5Y*
- -3.35%
- 10Y*
- -0.82%
VETY.L
- 1D
- 0.24%
- 1M
- -0.32%
- YTD
- -2.27%
- 6M
- -1.61%
- 1Y
- -1.20%
- 3Y*
- 2.97%
- 5Y*
- -4.28%
- 10Y*
- -0.61%
IGLO.L vs. VETY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.63% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.38% | 5.53% | -0.30% | 6.12% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -2.27% | 10.57% | -6.72% | 10.63% | -22.78% | -10.58% | 14.05% | 5.69% | -3.90% | 13.42% |
Correlation
The correlation between IGLO.L and VETY.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2016 | 0.70 |
The correlation between IGLO.L and VETY.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
IGLO.L vs. VETY.L — Risk / Return Rank
IGLO.L
VETY.L
IGLO.L vs. VETY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) and Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.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.
| IGLO.L | VETY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.17 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.05 | -0.40 | +0.35 |
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
| IGLO.L | VETY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.14 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.41 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | -0.06 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.00 | +0.12 |
Drawdowns
IGLO.L vs. VETY.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum VETY.L drawdown of -38.09%. Use the drawdown chart below to compare losses from any high point for IGLO.L and VETY.L.
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Drawdown Indicators
| IGLO.L | VETY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -38.09% | +10.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -6.95% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -10.82% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -35.45% | +9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | -38.09% | +10.08% |
Current DrawdownCurrent decline from peak | -19.08% | -23.42% | +4.34% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -13.91% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.99% | -1.32% |
Volatility
IGLO.L vs. VETY.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.20%, while Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) has a volatility of 2.63%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than VETY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLO.L | VETY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 2.63% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 6.46% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 8.57% | -2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 10.52% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 9.65% | -2.99% |
IGLO.L vs. VETY.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is higher than VETY.L's 0.07% 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
IGLO.L vs. VETY.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, while VETY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | 3.09% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.00% | 0.00% | 0.28% | 2.11% | 0.54% | 0.09% | 0.17% | 0.60% | 0.63% | 0.54% | 0.37% | 0.00% |
Frequently Asked Questions
IGLO.L and VETY.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETY.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETY.L is cheaper with a 0.07% expense ratio, compared with 0.20% for IGLO.L.
IGLO.L is categorized as Global Bonds, while VETY.L is European Government Bonds. IGLO.L tracks Bloomberg Global Aggregate TR USD, while VETY.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IGLO.L and 0.07% for VETY.L.
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