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SEGA.L vs. ^TNX
Performance
Return for Risk
Drawdowns
Volatility

SEGA.L vs. ^TNX

Last updated Jun 5, 2026

SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) is European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, SEGA.L returned 0.52%/yr vs 10.84%/yr for ^TNX. At a correlation of -0.24, they often move in opposite directions.

Performance

SEGA.L vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SEGA.L is traded in GBP, while ^TNX is traded in USD. To make them comparable, the ^TNX values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SEGA.L achieves a -2.14% return, which is significantly lower than ^TNX's 7.98% return. Over the past 10 years, SEGA.L has underperformed ^TNX with an annualized return of 0.52%, while ^TNX has yielded a comparatively higher 10.84% annualized return.

SEGA.L

1D
0.21%
1M
0.89%
YTD
-2.14%
6M
-2.17%
1Y
1.39%
3Y*
2.02%
5Y*
-2.37%
10Y*
0.52%

^TNX

1D
-0.31%
1M
2.31%
YTD
7.98%
6M
8.23%
1Y
3.56%
3Y*
3.95%
5Y*
24.81%
10Y*
10.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SEGA.L vs. ^TNX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SEGA.L
iShares Core Euro Government Bond UCITS ETF (Dist)		-2.14%5.88%-2.94%4.76%-13.69%-9.85%10.69%1.45%1.62%3.47%
^TNX
Treasury Yield 10 Years		7.98%-15.45%20.35%-5.32%187.05%66.45%-53.62%-31.27%18.31%-10.18%

Correlation

The correlation between SEGA.L and ^TNX is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.34

Correlation (3Y)
Calculated over the trailing 3-year period

-0.43

Correlation (5Y)
Calculated over the trailing 5-year period

-0.45

Correlation (10Y)
Calculated over the trailing 10-year period

-0.32

Correlation (All Time)
Calculated using the full available price history since Jun 5, 2009

-0.24

The correlation between SEGA.L and ^TNX shifts across timeframes, from -0.45 (5 years) to -0.24 (all time), reflecting how their relationship changes across market environments.

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iShares Core Euro Government Bond UCITS ETF (Dist)

Treasury Yield 10 Years

Often compared with SEGA.L:
SEGA.L vs. VETA.LSEGA.L vs. SGLP.LSEGA.L vs. SDEU.LSEGA.L vs. IBGS.LSEGA.L vs. VWCE.DESEGA.L vs. HYGWSEGA.L vs. IGLT.L
Often compared with ^TNX:
^TNX vs. TMF^TNX vs. ^TYX^TNX vs. SPY^TNX vs. ^FVX^TNX vs. TMV^TNX vs. KMB^TNX vs. TQQQ

Return for Risk

SEGA.L vs. ^TNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SEGA.L
SEGA.L Risk / Return Rank: 1212
Overall Rank
SEGA.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
SEGA.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
SEGA.L Omega Ratio Rank: 1111
Omega Ratio Rank
SEGA.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
SEGA.L Martin Ratio Rank: 1212
Martin Ratio Rank
^TNX
^TNX Risk / Return Rank: 1919
Overall Rank
^TNX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
^TNX Sortino Ratio Rank: 1919
Sortino Ratio Rank
^TNX Omega Ratio Rank: 1818
Omega Ratio Rank
^TNX Calmar Ratio Rank: 2020
Calmar Ratio Rank
^TNX Martin Ratio Rank: 1919
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SEGA.L vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) and Treasury Yield 10 Years (^TNX). 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.

SEGA.L^TNXDifference
Sharpe ratioReturn per unit of total volatility
0.25
0.19

+0.06

Sortino ratioReturn per unit of downside risk
0.39
0.41

-0.02

Omega ratioGain probability vs. loss probability

1.05

1.05

0.00

Calmar ratioReturn relative to maximum drawdown

0.27

0.29

-0.02

Martin ratioReturn relative to average drawdown

0.57

0.52

+0.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SEGA.L vs. ^TNX - Sharpe Ratio Comparison

The current SEGA.L Sharpe Ratio is 0.25, which is higher than the ^TNX Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of SEGA.L and ^TNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SEGA.L^TNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.25

0.19

+0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.32

0.71

-1.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.06

0.22

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.04

+0.12

Drawdowns

SEGA.L vs. ^TNX - Drawdown Comparison

The maximum SEGA.L drawdown since its inception was -26.75%, smaller than the maximum ^TNX drawdown of -85.52%. Use the drawdown chart below to compare losses from any high point for SEGA.L and ^TNX.

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Drawdown Indicators

SEGA.L^TNXDifference

Max Drawdown

Largest peak-to-trough decline

-26.75%

-85.52%

+58.77%

Max Drawdown (1Y)

Largest decline over 1 year

-5.13%

-12.38%

+7.25%

Max Drawdown (3Y)

Largest decline over 3 years

-6.26%

-33.29%

+27.03%

Max Drawdown (5Y)

Largest decline over 5 years

-20.85%

-33.29%

+12.44%

Max Drawdown (10Y)

Largest decline over 10 years

-26.75%

-84.63%

+57.88%

Current Drawdown

Current decline from peak

-19.89%

-18.77%

-1.12%

Average Drawdown

Average peak-to-trough decline

-10.41%

-34.42%

+24.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

6.85%

-4.43%

Volatility

SEGA.L vs. ^TNX - Volatility Comparison

The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) is 1.77%, while Treasury Yield 10 Years (^TNX) has a volatility of 6.09%. This indicates that SEGA.L experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SEGA.L^TNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.77%

6.09%

-4.32%

Volatility (6M)

Calculated over the trailing 6-month period

4.34%

12.88%

-8.54%

Volatility (1Y)

Calculated over the trailing 1-year period

5.55%

18.79%

-13.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.48%

35.31%

-27.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.50%

49.80%

-41.30%

Frequently Asked Questions

SEGA.L and ^TNX have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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