SEGA.L vs. ^TNX
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 (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, SEGA.L returned -0.51%/yr vs 10.76%/yr for ^TNX. At a correlation of -0.20, they often move in opposite directions.
Performance
SEGA.L vs. ^TNX - Performance Comparison
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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 -4.32% return, which is significantly lower than ^TNX's 8.73% return. Over the past 10 years, SEGA.L has underperformed ^TNX with an annualized return of -0.51%, while ^TNX has yielded a comparatively higher 10.76% annualized return.
SEGA.L
- 1D
- -0.80%
- 1M
- -2.56%
- 6M
- -4.00%
- YTD
- -4.32%
- 1Y
- -2.79%
- 3Y*
- 1.62%
- 5Y*
- -3.02%
- 10Y*
- -0.51%
^TNX
- 1D
- -1.90%
- 1M
- 0.81%
- 6M
- 9.12%
- YTD
- 8.73%
- 1Y
- 0.17%
- 3Y*
- 4.82%
- 5Y*
- 28.89%
- 10Y*
- 10.76%
SEGA.L vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | -4.32% | 5.89% | -2.94% | 4.76% | -13.69% | -9.84% | 10.69% | 1.45% | 1.62% | 3.46% |
^TNX Cboe 10-Year Treasury Note Yield Index | 8.73% | -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 -0.39, 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 | -0.39 |
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 Apr 17, 2009 | -0.20 |
The correlation between SEGA.L and ^TNX shifts across timeframes, from -0.45 (5 years) to -0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEGA.L vs. ^TNX — Risk / Return Rank
SEGA.L
^TNX
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 Cboe 10-Year Treasury Note Yield Index (^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.
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.
| SEGA.L | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.02 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.02 | -0.48 |
| Martin ratioReturn relative to average drawdown | -1.00 | 0.03 | -1.02 |
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Drawdowns
SEGA.L vs. ^TNX - Drawdown Comparison
The maximum SEGA.L drawdown since its inception was -26.74%, 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 | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.74% | -85.52% | +58.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.03% | -11.66% | +5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | -33.29% | +27.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -33.29% | +12.45% |
Max Drawdown (10Y)Largest decline over 10 years | -26.74% | -84.63% | +57.89% |
Current DrawdownCurrent decline from peak | -21.67% | -18.21% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -33.99% | +24.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 6.82% | -4.02% |
Volatility
SEGA.L vs. ^TNX - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) is 1.58%, while Cboe 10-Year Treasury Note Yield Index (^TNX) has a volatility of 4.76%. 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 | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 4.76% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 13.31% | -8.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 18.22% | -12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 34.69% | -27.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.08% | 49.69% | -41.61% |
Frequently Asked Questions
SEGA.L and ^TNX have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SEGA.L and ^TNX
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