IS0P.DE vs. VIGB.DE
IS0P.DE (iShares Spain Government Bond UCITS ETF Dist) and VIGB.DE (VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF) are both European Government Bonds funds - IS0P.DE tracks the Bloomberg Spain Treasury Bond while VIGB.DE tracks the iBoxx® EUR Liquid Sovereigns Capped 1-5. Both are passively managed. Over the past 5 years, IS0P.DE returned -1.97%/yr vs -0.73%/yr for VIGB.DE. A 0.72 correlation means they provide meaningful diversification when combined. IS0P.DE charges 0.20%/yr vs 0.15%/yr for VIGB.DE.
Performance
IS0P.DE vs. VIGB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0P.DE achieves a -0.28% return, which is significantly higher than VIGB.DE's -0.37% return.
IS0P.DE
- 1D
- -0.01%
- 1M
- -0.70%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 1.28%
- 3Y*
- 3.21%
- 5Y*
- -1.97%
- 10Y*
- 0.26%
VIGB.DE
- 1D
- -0.05%
- 1M
- -0.37%
- 6M
- -0.63%
- YTD
- -0.37%
- 1Y
- 0.16%
- 3Y*
- 2.38%
- 5Y*
- -0.73%
- 10Y*
- —
IS0P.DE vs. VIGB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | -0.28% | 1.84% | 2.83% | 6.58% | -17.73% | -3.10% | 3.98% | 8.51% | 0.28% |
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | -0.37% | 2.07% | 1.71% | 4.07% | -9.65% | -1.39% | -1.24% | 0.88% | 0.18% |
Correlation
The correlation between IS0P.DE and VIGB.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018 | 0.72 |
The correlation between IS0P.DE and VIGB.DE shifts across timeframes, from 0.59 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS0P.DE vs. VIGB.DE — Risk / Return Rank
IS0P.DE
VIGB.DE
IS0P.DE vs. VIGB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) and VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.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.
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.
| IS0P.DE | VIGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.01 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.06 | +0.32 |
| Martin ratioReturn relative to average drawdown | 0.95 | 0.14 | +0.81 |
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Drawdowns
IS0P.DE vs. VIGB.DE - Drawdown Comparison
The maximum IS0P.DE drawdown since its inception was -21.93%, which is greater than VIGB.DE's maximum drawdown of -13.25%. Use the drawdown chart below to compare losses from any high point for IS0P.DE and VIGB.DE.
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Drawdown Indicators
| IS0P.DE | VIGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.93% | -13.25% | -8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.42% | -2.73% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -2.73% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -11.80% | -9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -21.93% | — | — |
Current DrawdownCurrent decline from peak | -11.78% | -5.53% | -6.25% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -5.32% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.11% | +0.23% |
Volatility
IS0P.DE vs. VIGB.DE - Volatility Comparison
The current volatility for iShares Spain Government Bond UCITS ETF Dist (IS0P.DE) is 1.16%, while VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.DE) has a volatility of 2.02%. This indicates that IS0P.DE experiences smaller price fluctuations and is considered to be less risky than VIGB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0P.DE | VIGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 2.02% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 4.07% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 4.55% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.24% | 3.69% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.49% | 3.15% | +2.34% |
IS0P.DE vs. VIGB.DE - Expense Ratio Comparison
IS0P.DE has a 0.20% expense ratio, which is higher than VIGB.DE's 0.15% 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
IS0P.DE vs. VIGB.DE - Dividend Comparison
IS0P.DE's dividend yield for the trailing twelve months is around 2.51%, more than VIGB.DE's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0P.DE iShares Spain Government Bond UCITS ETF Dist | 2.51% | 2.38% | 1.96% | 1.22% | 0.63% | 0.46% | 0.45% | 0.75% | 1.08% | 1.29% | 1.38% | 1.67% |
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | 1.06% | 0.63% | 1.43% | 0.96% | 0.66% | 1.92% | 1.90% | 2.49% | 1.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS0P.DE and VIGB.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIGB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIGB.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for IS0P.DE.
IS0P.DE tracks Bloomberg Spain Treasury Bond, while VIGB.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1-5. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.20% for IS0P.DE and 0.15% for VIGB.DE.
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