IGLS.L vs. VETY.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - IGLS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while VETY.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, IGLS.L returned 0.89%/yr vs 0.03%/yr for VETY.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
IGLS.L vs. VETY.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLS.L achieves a 0.98% return, which is significantly higher than VETY.L's -0.07% return. Over the past 10 years, IGLS.L has outperformed VETY.L with an annualized return of 0.89%, while VETY.L has yielded a comparatively lower 0.03% annualized return.
IGLS.L
- 1D
- 0.06%
- 1M
- 0.79%
- YTD
- 0.98%
- 6M
- 1.40%
- 1Y
- 3.26%
- 3Y*
- 4.79%
- 5Y*
- 1.49%
- 10Y*
- 0.89%
VETY.L
- 1D
- -0.05%
- 1M
- 0.54%
- YTD
- -0.07%
- 6M
- 0.09%
- 1Y
- 2.22%
- 3Y*
- 2.64%
- 5Y*
- -1.89%
- 10Y*
- 0.03%
IGLS.L vs. VETY.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) | 0.98% | 5.26% | 2.65% | 4.19% | -4.44% | -1.68% | 1.48% | 1.05% | 0.14% | -0.38% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -0.07% | 5.77% | -2.94% | 4.81% | -13.61% | -9.79% | 10.62% | 1.55% | 1.79% | 3.47% |
Correlation
The correlation between IGLS.L and VETY.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.49 |
The correlation between IGLS.L and VETY.L has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
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Return for Risk
IGLS.L vs. VETY.L — Risk / Return Rank
IGLS.L
VETY.L
IGLS.L vs. VETY.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 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.
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 | VETY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.07 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.47 | +1.19 |
| Martin ratioReturn relative to average drawdown | 5.61 | 1.01 | +4.60 |
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Drawdowns
IGLS.L vs. VETY.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum VETY.L drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for IGLS.L and VETY.L.
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Drawdown Indicators
| IGLS.L | VETY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -26.62% | +17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -4.67% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -6.32% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -20.73% | +11.88% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | -26.62% | +17.08% |
Current DrawdownCurrent decline from peak | 0.00% | -18.13% | +18.13% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -12.09% | +10.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.20% | -1.62% |
Volatility
IGLS.L vs. VETY.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.50%, while Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) has a volatility of 1.46%. This indicates that IGLS.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
| IGLS.L | VETY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 1.46% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 4.27% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 5.41% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 7.52% | -4.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.15% | 8.23% | -6.08% |
IGLS.L vs. VETY.L - Expense Ratio Comparison
Both IGLS.L and VETY.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGLS.L vs. VETY.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.96%, more than VETY.L's 2.90% 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) | 3.96% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.90% | 2.82% | 2.61% | 1.82% | 0.47% | 0.08% | 0.15% | 0.53% | 0.55% | 0.48% | 0.31% | 0.00% |
Frequently Asked Questions
IGLS.L and VETY.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L and VETY.L have the same expense ratio: 0.07% per year.
IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while VETY.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and Vanguard.
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