IGLS.L vs. IBGS.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both European Government Bonds funds from iShares - IGLS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while IBGS.L tracks the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, IGLS.L returned 0.89%/yr vs 1.34%/yr for IBGS.L. At a 0.19 correlation, their price movements are largely independent. IGLS.L charges 0.07%/yr vs 0.15%/yr for IBGS.L.
Performance
IGLS.L vs. IBGS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLS.L achieves a 0.26% return, which is significantly higher than IBGS.L's -0.83% return. Over the past 10 years, IGLS.L has underperformed IBGS.L with an annualized return of 0.89%, while IBGS.L has yielded a comparatively higher 1.34% annualized return.
IGLS.L
- 1D
- 0.08%
- 1M
- 0.69%
- YTD
- 0.26%
- 6M
- 0.63%
- 1Y
- 3.12%
- 3Y*
- 4.24%
- 5Y*
- 1.32%
- 10Y*
- 0.89%
IBGS.L
- 1D
- 0.19%
- 1M
- 0.52%
- YTD
- -0.83%
- 6M
- -0.66%
- 1Y
- 3.70%
- 3Y*
- 2.81%
- 5Y*
- 0.96%
- 10Y*
- 1.34%
IGLS.L vs. IBGS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.26% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 1.05% | 0.13% | -0.38% |
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | -0.83% | 7.76% | -1.67% | 1.50% | 1.00% | -7.25% | 5.39% | -4.81% | 0.64% | 3.54% |
Correlation
The correlation between IGLS.L and IBGS.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2009 | 0.19 |
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Return for Risk
IGLS.L vs. IBGS.L — Risk / Return Rank
IGLS.L
IBGS.L
IGLS.L vs. IBGS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.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.
| IGLS.L | IBGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.42 | +0.17 |
| Martin ratioReturn relative to average drawdown | 5.45 | 3.16 | +2.29 |
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
| IGLS.L | IBGS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.89 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.18 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.19 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.25 | +0.44 |
Drawdowns
IGLS.L vs. IBGS.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum IBGS.L drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for IGLS.L and IBGS.L.
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Drawdown Indicators
| IGLS.L | IBGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -16.59% | +7.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.60% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -3.06% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -5.95% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | -13.11% | +3.57% |
Current DrawdownCurrent decline from peak | -0.65% | -3.77% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -5.92% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 1.17% | -0.60% |
Volatility
IGLS.L vs. IBGS.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.77%, while iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) has a volatility of 1.20%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than IBGS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLS.L | IBGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 1.20% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 2.80% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 4.15% | -2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 5.34% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 7.09% | -4.91% |
IGLS.L vs. IBGS.L - Expense Ratio Comparison
IGLS.L has a 0.07% expense ratio, which is lower than IBGS.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%.
Dividends
IGLS.L vs. IBGS.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.99%, more than IBGS.L's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.17% | 2.39% | 2.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.28% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
Frequently Asked Questions
IGLS.L and IBGS.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.15% for IBGS.L.
IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while IBGS.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Their fees differ too: 0.07% for IGLS.L and 0.15% for IBGS.L.
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