IGLS.L vs. VGVA.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and VGVA.L (Vanguard UK Gilt UCITS ETF Accumulating) are both European Government Bonds funds tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, IGLS.L returned 1.32%/yr vs -5.33%/yr for VGVA.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
IGLS.L vs. VGVA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGLS.L achieves a 0.26% return, which is significantly higher than VGVA.L's -1.19% 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%
VGVA.L
- 1D
- 0.28%
- 1M
- 1.61%
- YTD
- -1.19%
- 6M
- -1.36%
- 1Y
- 2.14%
- 3Y*
- 2.10%
- 5Y*
- -5.33%
- 10Y*
- —
IGLS.L vs. VGVA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.93% |
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | -1.19% | 4.03% | -3.61% | 3.26% | -27.03% | -5.38% | 9.36% | 5.93% |
Correlation
The correlation between IGLS.L and VGVA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.76 |
The correlation between IGLS.L and VGVA.L has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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. VGVA.L — Risk / Return Rank
IGLS.L
VGVA.L
IGLS.L vs. VGVA.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 UK Gilt UCITS ETF Accumulating (VGVA.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 | VGVA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.06 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.37 | +1.22 |
| Martin ratioReturn relative to average drawdown | 5.45 | 1.00 | +4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IGLS.L | VGVA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.33 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | -0.47 | +0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | -0.25 | +0.94 |
Drawdowns
IGLS.L vs. VGVA.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum VGVA.L drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for IGLS.L and VGVA.L.
Loading charts...
Drawdown Indicators
| IGLS.L | VGVA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -39.28% | +29.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -5.75% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -7.88% | +5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | -37.05% | +28.20% |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | — | — |
Current DrawdownCurrent decline from peak | -0.65% | -31.00% | +30.35% |
Average DrawdownAverage peak-to-trough decline | -1.10% | -19.93% | +18.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.13% | -1.56% |
Volatility
IGLS.L vs. VGVA.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.77%, while Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) has a volatility of 2.79%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than VGVA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLS.L | VGVA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 2.79% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 5.27% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.99% | 6.53% | -4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 11.28% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.18% | 10.86% | -8.68% |
IGLS.L vs. VGVA.L - Expense Ratio Comparison
Both IGLS.L and VGVA.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. VGVA.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.99%, while VGVA.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) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | 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 VGVA.L have a correlation of 0.84, 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 VGVA.L have the same expense ratio: 0.07% per year.
Both ETFs track FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and Vanguard.
Find the right allocation for IGLS.L and VGVA.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