IS0M.DE vs. VGEA.DE
IS0M.DE (iShares Italy Government Bond UCITS ETF EUR Dist) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - IS0M.DE tracks the Bloomberg Italy Treasury Bond while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, IS0M.DE returned -0.79%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.84 suggests significant overlap in exposure. IS0M.DE charges 0.20%/yr vs 0.07%/yr for VGEA.DE.
Performance
IS0M.DE vs. VGEA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IS0M.DE achieves a -0.32% return, which is significantly lower than VGEA.DE's 0.11% return.
IS0M.DE
- 1D
- 0.01%
- 1M
- -0.06%
- YTD
- -0.32%
- 6M
- -0.26%
- 1Y
- 1.11%
- 3Y*
- 4.15%
- 5Y*
- -0.79%
- 10Y*
- 0.92%
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
IS0M.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | -0.32% | 3.07% | 4.66% | 9.14% | -17.24% | -2.99% | 7.54% | 10.60% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
Correlation
The correlation between IS0M.DE and VGEA.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.84 |
The correlation between IS0M.DE and VGEA.DE has been stable across timeframes, ranging from 0.84 to 0.93 - 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
IS0M.DE vs. VGEA.DE — Risk / Return Rank
IS0M.DE
VGEA.DE
IS0M.DE vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE). 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.
| IS0M.DE | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | -0.01 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.58 | -0.04 | +0.62 |
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
| IS0M.DE | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | -0.01 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.35 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | -0.10 | +0.58 |
Drawdowns
IS0M.DE vs. VGEA.DE - Drawdown Comparison
The maximum IS0M.DE drawdown since its inception was -21.08%, smaller than the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for IS0M.DE and VGEA.DE.
Loading charts...
Drawdown Indicators
| IS0M.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.08% | -22.34% | +1.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -3.44% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -4.42% | -4.00% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -21.47% | +0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | — | — |
Current DrawdownCurrent decline from peak | -6.33% | -13.91% | +7.58% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -10.30% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.33% | +0.10% |
Volatility
IS0M.DE vs. VGEA.DE - Volatility Comparison
iShares Italy Government Bond UCITS ETF EUR Dist (IS0M.DE) has a higher volatility of 1.99% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 1.67%. This indicates that IS0M.DE's price experiences larger fluctuations and is considered to be riskier than VGEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IS0M.DE | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 1.67% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 3.62% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 4.33% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.80% | 6.39% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 5.86% | +0.87% |
IS0M.DE vs. VGEA.DE - Expense Ratio Comparison
IS0M.DE has a 0.20% expense ratio, which is higher than VGEA.DE'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%.
Dividends
IS0M.DE vs. VGEA.DE - Dividend Comparison
IS0M.DE's dividend yield for the trailing twelve months is around 2.83%, while VGEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0M.DE iShares Italy Government Bond UCITS ETF EUR Dist | 2.83% | 2.82% | 2.66% | 2.10% | 1.05% | 0.74% | 0.98% | 1.45% | 1.37% | 1.37% | 1.47% | 1.83% |
VGEA.DE Vanguard EUR Eurozone Government Bond 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
With a correlation of 0.93, IS0M.DE and VGEA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IS0M.DE.
IS0M.DE tracks Bloomberg Italy Treasury Bond, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IS0M.DE and 0.07% for VGEA.DE.
Find the right allocation for IS0M.DE and VGEA.DE
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