IUSA.MI vs. IBGL.MI
IUSA.MI (iShares Core S&P 500 UCITS ETF USD Dist) and IBGL.MI (iShares € Govt Bond 15-30yr UCITS ETF EUR Dist) are both exchange-traded funds - IUSA.MI is a S&P 500 fund tracking the S&P 500 Index, while IBGL.MI is a European Government Bonds fund tracking the Bloomberg Euro Government Bond 30 Year Term Index. Both are passively managed. Over the past 10 years, IUSA.MI returned 14.76%/yr vs -2.05%/yr for IBGL.MI. At a correlation of -0.07, they often move in opposite directions. IUSA.MI charges 0.07%/yr vs 0.15%/yr for IBGL.MI.
Performance
IUSA.MI vs. IBGL.MI - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.MI achieves a 11.29% return, which is significantly higher than IBGL.MI's 0.05% return. Over the past 10 years, IUSA.MI has outperformed IBGL.MI with an annualized return of 14.76%, while IBGL.MI has yielded a comparatively lower -2.05% annualized return.
IUSA.MI
- 1D
- -0.12%
- 1M
- 4.34%
- YTD
- 11.29%
- 6M
- 10.77%
- 1Y
- 25.34%
- 3Y*
- 18.75%
- 5Y*
- 14.63%
- 10Y*
- 14.76%
IBGL.MI
- 1D
- 0.11%
- 1M
- -0.21%
- YTD
- 0.05%
- 6M
- -0.23%
- 1Y
- -2.53%
- 3Y*
- 0.28%
- 5Y*
- -7.30%
- 10Y*
- -2.05%
IUSA.MI vs. IBGL.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 11.29% | 4.17% | 33.56% | 22.16% | -14.75% | 40.69% | 7.30% | 34.11% | -1.42% | 6.61% |
IBGL.MI iShares € Govt Bond 15-30yr UCITS ETF EUR Dist | 0.05% | -5.53% | -0.17% | 10.21% | -34.75% | -7.00% | 11.97% | 15.43% | 3.11% | -1.15% |
Correlation
The correlation between IUSA.MI and IBGL.MI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2007 | -0.07 |
The correlation between IUSA.MI and IBGL.MI shifts across timeframes, from -0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IUSA.MI vs. IBGL.MI — Risk / Return Rank
IUSA.MI
IBGL.MI
IUSA.MI vs. IBGL.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) and iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI). 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.
| IUSA.MI | IBGL.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.95 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | -0.49 | +4.03 |
| Martin ratioReturn relative to average drawdown | 12.66 | -0.89 | +13.55 |
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
| IUSA.MI | IBGL.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | -0.33 | +2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | -0.53 | +1.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | -0.18 | +1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.27 | +0.33 |
Drawdowns
IUSA.MI vs. IBGL.MI - Drawdown Comparison
The maximum IUSA.MI drawdown since its inception was -52.36%, which is greater than IBGL.MI's maximum drawdown of -43.83%. Use the drawdown chart below to compare losses from any high point for IUSA.MI and IBGL.MI.
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Drawdown Indicators
| IUSA.MI | IBGL.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -43.83% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -6.26% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -12.10% | -11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -42.23% | +18.94% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -43.83% | +10.15% |
Current DrawdownCurrent decline from peak | -0.46% | -37.39% | +36.93% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -12.22% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.45% | -1.44% |
Volatility
IUSA.MI vs. IBGL.MI - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) is 2.70%, while iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI) has a volatility of 3.55%. This indicates that IUSA.MI experiences smaller price fluctuations and is considered to be less risky than IBGL.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.MI | IBGL.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.55% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 7.20% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 9.27% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 13.56% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 11.50% | +4.58% |
IUSA.MI vs. IBGL.MI - Expense Ratio Comparison
IUSA.MI has a 0.07% expense ratio, which is lower than IBGL.MI'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
IUSA.MI vs. IBGL.MI - Dividend Comparison
IUSA.MI's dividend yield for the trailing twelve months is around 0.73%, less than IBGL.MI's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGL.MI iShares € Govt Bond 15-30yr UCITS ETF EUR Dist | 3.67% | 3.53% | 3.18% | 2.66% | 1.32% | 0.53% | 0.74% | 1.27% | 1.50% | 1.35% | 1.48% | 1.83% |
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 0.73% | 0.82% | 0.92% | 1.16% | 1.39% | 0.84% | 1.21% | 1.33% | 1.46% | 1.33% | 1.25% | 1.37% |
Frequently Asked Questions
IUSA.MI and IBGL.MI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.MI is cheaper with a 0.07% expense ratio, compared with 0.15% for IBGL.MI.
IUSA.MI is categorized as S&P 500, while IBGL.MI is European Government Bonds. IUSA.MI tracks S&P 500 Index, while IBGL.MI tracks Bloomberg Euro Government Bond 30 Year Term Index. Their fees differ too: 0.07% for IUSA.MI and 0.15% for IBGL.MI.
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