IGLS.L vs. V3GP.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) 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 V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, IGLS.L returned 1.36%/yr vs 0.39%/yr for V3GP.L. A 0.62 correlation means they provide meaningful diversification when combined. IGLS.L charges 0.07%/yr vs 0.15%/yr for V3GP.L.
Performance
IGLS.L vs. V3GP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLS.L achieves a 0.53% return, which is significantly lower than V3GP.L's 0.64% 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%
V3GP.L
- 1D
- 0.23%
- 1M
- 0.61%
- YTD
- 0.64%
- 6M
- 1.44%
- 1Y
- 4.43%
- 3Y*
- 5.47%
- 5Y*
- 0.39%
- 10Y*
- —
IGLS.L vs. V3GP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.53% | 5.26% | 2.65% | 4.19% | -4.44% | -0.92% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.64% | 6.28% | 3.50% | 7.55% | -14.46% | 1.52% |
Correlation
The correlation between IGLS.L and V3GP.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.62 |
The correlation between IGLS.L and V3GP.L has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
IGLS.L vs. V3GP.L — Risk / Return Rank
IGLS.L
V3GP.L
IGLS.L vs. V3GP.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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.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 | V3GP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.61 | -0.09 |
| Martin ratioReturn relative to average drawdown | 5.12 | 5.27 | -0.15 |
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Drawdowns
IGLS.L vs. V3GP.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum V3GP.L drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for IGLS.L and V3GP.L.
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Drawdown Indicators
| IGLS.L | V3GP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -20.08% | +10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -2.60% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -3.67% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -20.08% | +11.23% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -0.52% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -7.69% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.79% | -0.21% |
Volatility
IGLS.L vs. V3GP.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.66%, while Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) has a volatility of 1.38%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than V3GP.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 | V3GP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.38% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.76% | 2.84% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 3.73% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 5.54% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 5.52% | -3.34% |
IGLS.L vs. V3GP.L - Expense Ratio Comparison
IGLS.L has a 0.07% expense ratio, which is lower than V3GP.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. V3GP.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.97%, less than V3GP.L's 4.36% yield.
| 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% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.36% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLS.L and V3GP.L have a correlation of 0.60, 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 V3GP.L.
IGLS.L is categorized as European Government Bonds, while V3GP.L is Global Corporate Bonds. IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while V3GP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IGLS.L and 0.15% for V3GP.L.
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