IUSM.DE vs. VGTY.DE
IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - IUSM.DE tracks the ICE US Treasury 7-10 Year while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, IUSM.DE returned -0.31%/yr vs 0.20%/yr for VGTY.DE. With a 0.97 correlation, they move nearly in lockstep. IUSM.DE charges 0.07%/yr vs 0.05%/yr for VGTY.DE.
Performance
IUSM.DE vs. VGTY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSM.DE achieves a 0.22% return, which is significantly lower than VGTY.DE's 0.80% return.
IUSM.DE
- 1D
- 0.13%
- 1M
- 0.34%
- YTD
- 0.22%
- 6M
- -0.62%
- 1Y
- 1.33%
- 3Y*
- -0.48%
- 5Y*
- -0.31%
- 10Y*
- 0.29%
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.03%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
IUSM.DE vs. VGTY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.22% | -4.06% | 5.00% | -0.24% | -9.67% | 4.92% | -0.18% | 11.27% | 4.84% | -2.40% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 9.36% | 5.00% | -2.11% |
Correlation
The correlation between IUSM.DE and VGTY.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.97 |
The correlation between IUSM.DE and VGTY.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
IUSM.DE vs. VGTY.DE — Risk / Return Rank
IUSM.DE
VGTY.DE
IUSM.DE vs. VGTY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.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.
| IUSM.DE | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.25 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.74 | 0.62 | +0.12 |
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
| IUSM.DE | VGTY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.19 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.02 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.13 | +0.14 |
Drawdowns
IUSM.DE vs. VGTY.DE - Drawdown Comparison
The maximum IUSM.DE drawdown since its inception was -21.40%, which is greater than VGTY.DE's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for IUSM.DE and VGTY.DE.
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Drawdown Indicators
| IUSM.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.40% | -17.97% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.45% | -4.08% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -11.23% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -13.16% | -2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -21.40% | — | — |
Current DrawdownCurrent decline from peak | -17.38% | -14.45% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -9.48% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.67% | +0.12% |
Volatility
IUSM.DE vs. VGTY.DE - Volatility Comparison
iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) has a higher volatility of 1.14% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) at 0.85%. This indicates that IUSM.DE's price experiences larger fluctuations and is considered to be riskier than VGTY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSM.DE | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.85% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.00% | 3.73% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.78% | 5.44% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.96% | 7.99% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.33% | 7.63% | +0.70% |
IUSM.DE vs. VGTY.DE - Expense Ratio Comparison
IUSM.DE has a 0.07% expense ratio, which is higher than VGTY.DE's 0.05% 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
IUSM.DE vs. VGTY.DE - Dividend Comparison
IUSM.DE's dividend yield for the trailing twelve months is around 3.72%, more than VGTY.DE's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.72% | 3.73% | 3.65% | 2.91% | 1.93% | 0.96% | 1.53% | 2.24% | 2.07% | 1.83% | 1.66% | 1.84% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, IUSM.DE and VGTY.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, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for IUSM.DE.
IUSM.DE tracks ICE US Treasury 7-10 Year, while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.07% for IUSM.DE and 0.05% for VGTY.DE.
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