IGLS.L vs. PABG.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and PABG.L (Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc) are both exchange-traded funds - IGLS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while PABG.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, IGLS.L returned 1.36%/yr vs 10.08%/yr for PABG.L. At a 0.07 correlation, their price movements are largely independent. IGLS.L charges 0.07%/yr vs 0.20%/yr for PABG.L.
Performance
IGLS.L vs. PABG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGLS.L achieves a 0.53% return, which is significantly lower than PABG.L's 7.45% return.
IGLS.L
- 1D
- 0.21%
- 1M
- 0.68%
- YTD
- 0.53%
- 6M
- 1.02%
- 1Y
- 3.13%
- 3Y*
- 4.62%
- 5Y*
- 1.36%
- 10Y*
- 0.91%
PABG.L
- 1D
- 2.24%
- 1M
- 5.50%
- YTD
- 7.45%
- 6M
- 8.23%
- 1Y
- 19.73%
- 3Y*
- 16.47%
- 5Y*
- 10.08%
- 10Y*
- —
IGLS.L vs. PABG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.53% | 5.26% | 2.65% | 4.19% | -4.44% | -1.68% | 0.11% |
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc | 7.45% | 27.76% | 9.01% | 19.39% | -11.91% | 5.08% | 8.99% |
Correlation
The correlation between IGLS.L and PABG.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2020 | 0.07 |
Over the past year, IGLS.L and PABG.L have become more correlated (0.37) than their long-term average of 0.07, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGLS.L vs. PABG.L — Risk / Return Rank
IGLS.L
PABG.L
IGLS.L vs. PABG.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 Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.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.
| IGLS.L | PABG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.49 | +0.03 |
| Martin ratioReturn relative to average drawdown | 5.12 | 5.14 | -0.02 |
Loading charts...
Drawdowns
IGLS.L vs. PABG.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum PABG.L drawdown of -26.49%. Use the drawdown chart below to compare losses from any high point for IGLS.L and PABG.L.
Loading charts...
Drawdown Indicators
| IGLS.L | PABG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -26.49% | +16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -11.77% | +9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -13.84% | +11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -26.49% | +17.64% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | 0.00% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -6.08% | +4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 3.42% | -2.84% |
Volatility
IGLS.L vs. PABG.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.66%, while Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) has a volatility of 4.25%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than PABG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLS.L | PABG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 4.25% | -3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 12.94% | -11.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 15.57% | -13.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 18.88% | -16.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 18.95% | -16.77% |
IGLS.L vs. PABG.L - Expense Ratio Comparison
IGLS.L has a 0.07% expense ratio, which is lower than PABG.L's 0.20% 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. PABG.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.97%, while PABG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.97% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
PABG.L Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - 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% |
Frequently Asked Questions
IGLS.L and PABG.L have a correlation of 0.37, 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 0.20% for PABG.L.
IGLS.L is categorized as European Government Bonds, while PABG.L is Europe Equities. IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while PABG.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IGLS.L and 0.20% for PABG.L.
Find the right allocation for IGLS.L and PABG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer