ISX5.L vs. VGEA.DE
ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both exchange-traded funds - ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, ISX5.L returned 10.63%/yr vs -3.18%/yr for VGEA.DE. At a 0.33 correlation, their price movements are largely independent. ISX5.L charges 0.00%/yr vs 0.07%/yr for VGEA.DE.
Performance
ISX5.L vs. VGEA.DE - Performance Comparison
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Different Trading Currencies
ISX5.L is traded in USD, while VGEA.DE is traded in EUR. To make them comparable, the VGEA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISX5.L achieves a 7.24% return, which is significantly higher than VGEA.DE's -1.21% return.
ISX5.L
- 1D
- 2.46%
- 1M
- 4.58%
- YTD
- 7.24%
- 6M
- 8.56%
- 1Y
- 18.08%
- 3Y*
- 18.31%
- 5Y*
- 10.63%
- 10Y*
- 13.05%
VGEA.DE
- 1D
- 0.23%
- 1M
- -0.34%
- YTD
- -1.21%
- 6M
- -0.86%
- 1Y
- -0.20%
- 3Y*
- 4.87%
- 5Y*
- -3.18%
- 10Y*
- —
ISX5.L vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 7.24% | 37.35% | 4.59% | 26.91% | -13.63% | 13.94% | 6.81% | 17.65% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -1.21% | 13.65% | -4.27% | 10.31% | -22.79% | -10.94% | 15.03% | 4.64% |
Correlation
The correlation between ISX5.L and VGEA.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.33 |
The correlation between ISX5.L and VGEA.DE shifts across timeframes, from 0.33 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ISX5.L vs. VGEA.DE — Risk / Return Rank
ISX5.L
VGEA.DE
ISX5.L vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) 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.
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.
| ISX5.L | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | -0.03 | +1.42 |
| Martin ratioReturn relative to average drawdown | 4.69 | -0.08 | +4.76 |
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Drawdowns
ISX5.L vs. VGEA.DE - Drawdown Comparison
The maximum ISX5.L drawdown since its inception was -38.62%, roughly equal to the maximum VGEA.DE drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for ISX5.L and VGEA.DE.
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Drawdown Indicators
| ISX5.L | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -37.78% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -6.30% | -6.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -10.35% | -5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -34.97% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -18.54% | +18.35% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -16.43% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.55% | +1.30% |
Volatility
ISX5.L vs. VGEA.DE - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a higher volatility of 5.29% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 2.56%. This indicates that ISX5.L'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.
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Volatility by Period
| ISX5.L | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 2.56% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.25% | 6.41% | +8.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 8.47% | +9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.91% | 10.23% | +11.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 9.51% | +12.46% |
ISX5.L vs. VGEA.DE - Expense Ratio Comparison
ISX5.L has a 0.00% expense ratio, which is lower than VGEA.DE's 0.07% 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
ISX5.L vs. VGEA.DE - Dividend Comparison
Neither ISX5.L nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
ISX5.L and VGEA.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.07% for VGEA.DE.
ISX5.L is categorized as Europe Equities, while VGEA.DE is European Government Bonds. ISX5.L tracks MSCI EMU NR EUR, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.00% for ISX5.L and 0.07% for VGEA.DE.
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