OG35.DE vs. VGEA.DE
OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both European Government Bonds funds - OG35.DE tracks the ICE 3-5 Year Euro Government Carbon Reduction while VGEA.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, OG35.DE returned -0.34%/yr vs -2.24%/yr for VGEA.DE. Their correlation of 0.82 suggests significant overlap in exposure. OG35.DE charges 0.17%/yr vs 0.07%/yr for VGEA.DE.
Performance
OG35.DE vs. VGEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OG35.DE achieves a -0.13% return, which is significantly lower than VGEA.DE's 0.11% return.
OG35.DE
- 1D
- 0.05%
- 1M
- 0.36%
- YTD
- -0.13%
- 6M
- -0.13%
- 1Y
- 0.41%
- 3Y*
- 2.79%
- 5Y*
- -0.34%
- 10Y*
- —
VGEA.DE
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 0.11%
- 6M
- 0.00%
- 1Y
- -0.05%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
OG35.DE vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF | -0.13% | 2.46% | 2.13% | 5.16% | -10.01% | -1.17% | 1.17% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 3.38% |
Correlation
The correlation between OG35.DE and VGEA.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020 | 0.82 |
The correlation between OG35.DE and VGEA.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
OG35.DE vs. VGEA.DE — Risk / Return Rank
OG35.DE
VGEA.DE
OG35.DE vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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.
| OG35.DE | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.01 | +0.18 |
| Martin ratioReturn relative to average drawdown | 0.48 | -0.04 | +0.52 |
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
| OG35.DE | VGEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | -0.01 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.35 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.10 | +0.05 |
Drawdowns
OG35.DE vs. VGEA.DE - Drawdown Comparison
The maximum OG35.DE drawdown since its inception was -12.21%, smaller than the maximum VGEA.DE drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for OG35.DE and VGEA.DE.
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Drawdown Indicators
| OG35.DE | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.21% | -22.34% | +10.13% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.44% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.00% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -11.90% | -21.47% | +9.57% |
Current DrawdownCurrent decline from peak | -2.66% | -13.91% | +11.25% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -10.30% | +5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.33% | -0.48% |
Volatility
OG35.DE vs. VGEA.DE - Volatility Comparison
The current volatility for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) is 1.08%, while Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a volatility of 1.67%. This indicates that OG35.DE experiences smaller price fluctuations and is considered to be less risky 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
| OG35.DE | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.67% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 3.62% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 4.33% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.97% | 6.39% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.76% | 5.86% | -2.10% |
OG35.DE vs. VGEA.DE - Expense Ratio Comparison
OG35.DE has a 0.17% 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
OG35.DE vs. VGEA.DE - Dividend Comparison
Neither OG35.DE nor VGEA.DE has paid dividends to shareholders.
Frequently Asked Questions
OG35.DE and VGEA.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.17% for OG35.DE.
OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Natixis and Vanguard. Their fees differ too: 0.17% for OG35.DE and 0.07% for VGEA.DE.
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