IGLT.L vs. IBGS.L
IGLT.L (iShares Core UK Gilts UCITS ETF) and IBGS.L (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) are both exchange-traded funds - IGLT.L is a Government Bonds fund tracking the FTSE Actuaries UK Conventional Gilts All Stocks Index, while IBGS.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Both are passively managed. Over the past 10 years, IGLT.L returned -0.90%/yr vs 1.34%/yr for IBGS.L. At a 0.15 correlation, their price movements are largely independent. IGLT.L charges 0.07%/yr vs 0.15%/yr for IBGS.L.
Performance
IGLT.L vs. IBGS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IGLT.L having a -0.84% return and IBGS.L slightly higher at -0.83%. Over the past 10 years, IGLT.L has underperformed IBGS.L with an annualized return of -0.90%, while IBGS.L has yielded a comparatively higher 1.34% annualized return.
IGLT.L
- 1D
- 0.21%
- 1M
- 1.42%
- YTD
- -0.84%
- 6M
- -1.14%
- 1Y
- 2.10%
- 3Y*
- 2.44%
- 5Y*
- -4.26%
- 10Y*
- -0.90%
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%
IGLT.L vs. IBGS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLT.L iShares Core UK Gilts UCITS ETF | -0.84% | 4.69% | -3.33% | 3.56% | -23.71% | -5.03% | 8.08% | 6.70% | 0.53% | 1.39% |
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 IGLT.L and IBGS.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2006 | 0.15 |
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Return for Risk
IGLT.L vs. IBGS.L — Risk / Return Rank
IGLT.L
IBGS.L
IGLT.L vs. IBGS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core UK Gilts UCITS ETF (IGLT.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.
| IGLT.L | IBGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.15 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.42 | -1.02 |
| Martin ratioReturn relative to average drawdown | 1.07 | 3.16 | -2.10 |
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
| IGLT.L | IBGS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 0.89 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.18 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.19 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.25 | +0.03 |
Drawdowns
IGLT.L vs. IBGS.L - Drawdown Comparison
The maximum IGLT.L drawdown since its inception was -35.52%, which is greater than IBGS.L's maximum drawdown of -16.59%. Use the drawdown chart below to compare losses from any high point for IGLT.L and IBGS.L.
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Drawdown Indicators
| IGLT.L | IBGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.52% | -16.59% | -18.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -2.60% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -6.97% | -3.06% | -3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -33.49% | -5.95% | -27.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -13.11% | -22.41% |
Current DrawdownCurrent decline from peak | -25.96% | -3.77% | -22.19% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -5.92% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.17% | +0.80% |
Volatility
IGLT.L vs. IBGS.L - Volatility Comparison
iShares Core UK Gilts UCITS ETF (IGLT.L) has a higher volatility of 2.31% compared to iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) at 1.20%. This indicates that IGLT.L's price experiences larger fluctuations and is considered to be riskier 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
| IGLT.L | IBGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 1.20% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.73% | 2.80% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.00% | 4.15% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 5.34% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.02% | 7.09% | +1.93% |
IGLT.L vs. IBGS.L - Expense Ratio Comparison
IGLT.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
IGLT.L vs. IBGS.L - Dividend Comparison
IGLT.L's dividend yield for the trailing twelve months is around 4.50%, 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% |
IGLT.L iShares Core UK Gilts UCITS ETF | 4.50% | 4.26% | 3.69% | 2.40% | 1.32% | 0.79% | 0.95% | 1.25% | 1.31% | 1.30% | 1.88% | 2.05% |
Frequently Asked Questions
IGLT.L and IBGS.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLT.L is cheaper with a 0.07% expense ratio, compared with 0.15% for IBGS.L.
IGLT.L is categorized as Government Bonds, while IBGS.L is European Government Bonds. IGLT.L tracks FTSE Actuaries UK Conventional Gilts All Stocks Index, while IBGS.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR. Their fees differ too: 0.07% for IGLT.L and 0.15% for IBGS.L.
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