INXG.L vs. VGOV.L
Compare and contrast key facts about iShares £ Index-Linked Gilts UCITS ETF (INXG.L) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.L).
INXG.L and VGOV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INXG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg UK Government Inflation-Linked Bond Index. It was launched on Dec 1, 2006. VGOV.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 22, 2012. Both INXG.L and VGOV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: INXG.L or VGOV.L.
Key characteristics
| INXG.L | VGOV.L | |
|---|---|---|
| YTD Return | -5.69% | -3.62% |
| 1Y Return | 0.95% | 3.07% |
| 3Y Return (Ann) | -16.05% | -10.84% |
| 5Y Return (Ann) | -6.63% | -5.59% |
| 10Y Return (Ann) | 0.09% | -0.36% |
| Sharpe Ratio | 0.14 | 0.44 |
| Sortino Ratio | 0.29 | 0.69 |
| Omega Ratio | 1.03 | 1.08 |
| Calmar Ratio | 0.04 | 0.11 |
| Martin Ratio | 0.32 | 1.01 |
| Ulcer Index | 5.24% | 3.65% |
| Daily Std Dev | 11.83% | 8.36% |
| Max Drawdown | -50.87% | -39.28% |
| Current Drawdown | -41.88% | -32.57% |
Correlation
The correlation between INXG.L and VGOV.L is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
INXG.L vs. VGOV.L - Performance Comparison
In the year-to-date period, INXG.L achieves a -5.69% return, which is significantly lower than VGOV.L's -3.62% return. Over the past 10 years, INXG.L has outperformed VGOV.L with an annualized return of 0.09%, while VGOV.L has yielded a comparatively lower -0.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INXG.L vs. VGOV.L - Expense Ratio Comparison
INXG.L has a 0.10% expense ratio, which is higher than VGOV.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
INXG.L vs. VGOV.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Index-Linked Gilts UCITS ETF (INXG.L) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.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.
Dividends
INXG.L vs. VGOV.L - Dividend Comparison
INXG.L's dividend yield for the trailing twelve months is around 2.39%, less than VGOV.L's 4.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 2.39% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% | 2.35% | 2.75% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | 4.03% | 3.16% | 1.87% | 1.09% | 1.16% | 1.38% | 1.57% | 1.62% | 1.62% | 1.92% | 2.05% | 1.90% |
Drawdowns
INXG.L vs. VGOV.L - Drawdown Comparison
The maximum INXG.L drawdown since its inception was -50.87%, which is greater than VGOV.L's maximum drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for INXG.L and VGOV.L. For additional features, visit the drawdowns tool.
Volatility
INXG.L vs. VGOV.L - Volatility Comparison
iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a higher volatility of 3.55% compared to Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) at 3.18%. This indicates that INXG.L's price experiences larger fluctuations and is considered to be riskier than VGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.