SEGA.L vs. IBGS.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) and iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L).

SEGA.L and IBGS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SEGA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt TR EUR. It was launched on Apr 17, 2009. IBGS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Agg Govt 1-3 Yr TR EUR. It was launched on Jun 5, 2006. Both SEGA.L and IBGS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SEGA.L vs. IBGS.L - 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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L). The values are adjusted to include any dividend payments, if applicable.

SEGA.L vs. IBGS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist)	-1.86%	5.88%	-2.94%	4.76%	-13.69%	-9.85%	10.69%	1.45%	1.62%	3.47%
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist)	-0.45%	7.76%	-1.67%	1.50%	1.00%	-7.25%	5.39%	-4.81%	0.64%	3.54%

Returns By Period

In the year-to-date period, SEGA.L achieves a -1.86% return, which is significantly lower than IBGS.L's -0.45% return. Over the past 10 years, SEGA.L has underperformed IBGS.L with an annualized return of 0.39%, while IBGS.L has yielded a comparatively higher 1.23% annualized return.

SEGA.L

• 1D: 0.12%
• 1M: -1.23%
• YTD: -1.86%
• 6M: -1.48%
• 1Y: 4.28%
• 3Y*: 1.28%
• 5Y*: -2.35%
• 10Y*: 0.39%

IBGS.L

• 1D: -12.78%
• 1M: -0.35%
• YTD: -0.45%
• 6M: 0.16%
• 1Y: 5.42%
• 3Y*: 2.33%
• 5Y*: 1.20%
• 10Y*: 1.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEGA.L vs. IBGS.L - Expense Ratio Comparison

SEGA.L has a 0.09% expense ratio, which is lower than IBGS.L'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%.

IBGS.L

iShares Euro Government Bond 1-3yr UCITS ETF (Dist)

SEGA.L

iShares Core Euro Government Bond UCITS ETF (Dist)

Return for Risk

SEGA.L vs. IBGS.L — 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: 27
SEGA.L Sharpe Ratio Rank: 34
SEGA.L Sortino Ratio Rank: 33
SEGA.L Omega Ratio Rank: 28
SEGA.L Calmar Ratio Rank: 22
SEGA.L Martin Ratio Rank: 20

IBGS.L

IBGS.L Risk / Return Rank: 25
IBGS.L Sharpe Ratio Rank: 18
IBGS.L Sortino Ratio Rank: 19
IBGS.L Omega Ratio Rank: 45
IBGS.L Calmar Ratio Rank: 17
IBGS.L Martin Ratio Rank: 28

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. IBGS.L - 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 iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L). 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	IBGS.L	Difference
Sharpe ratio Return per unit of total volatility	0.70	0.27	+0.43
Sortino ratio Return per unit of downside risk	1.04	0.55	+0.49
Omega ratio Gain probability vs. loss probability	1.13	1.19	-0.06
Calmar ratio Return relative to maximum drawdown	0.61	0.36	+0.25
Martin ratio Return relative to average drawdown	1.57	2.99	-1.43
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. IBGS.L - Sharpe Ratio Comparison

The current SEGA.L Sharpe Ratio is 0.70, which is higher than the IBGS.L Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of SEGA.L and IBGS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SEGA.L	IBGS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	0.27	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.12	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	0.13	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.31	-0.15

Correlation

The correlation between SEGA.L and IBGS.L is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SEGA.L vs. IBGS.L - Dividend Comparison

SEGA.L's dividend yield for the trailing twelve months is around 1.19%, less than IBGS.L's 2.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist)	1.19%	2.25%	1.82%	0.97%	0.26%	0.25%	0.45%	0.68%	0.65%	0.69%	0.86%	0.60%
IBGS.L iShares Euro Government Bond 1-3yr UCITS ETF (Dist)	2.17%	2.39%	2.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.28%

Drawdowns

SEGA.L vs. IBGS.L - Drawdown Comparison

The maximum SEGA.L drawdown since its inception was -26.75%, smaller than the maximum IBGS.L drawdown of -1,442.04%. Use the drawdown chart below to compare losses from any high point for SEGA.L and IBGS.L.

Drawdown Indicators

	SEGA.L	IBGS.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.75%	-1,442.04%	+1,415.29%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-12.78%	+7.65%
Max Drawdown (5Y) Largest decline over 5 years	-20.85%	-12.78%	-8.07%
Max Drawdown (10Y) Largest decline over 10 years	-26.75%	-13.11%	-13.64%
Current Drawdown Current decline from peak	-19.66%	-12.78%	-6.88%
Average Drawdown Average peak-to-trough decline	-10.29%	-66.58%	+56.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.53%	+0.45%

Volatility

SEGA.L vs. IBGS.L - Volatility Comparison

The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) is 2.18%, while iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBGS.L) has a volatility of 19.92%. This indicates that SEGA.L experiences smaller price fluctuations and is considered to be less risky than IBGS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEGA.L	IBGS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	19.92%	-17.74%
Volatility (6M) Calculated over the trailing 6-month period	4.08%	19.70%	-15.62%
Volatility (1Y) Calculated over the trailing 1-year period	6.13%	20.07%	-13.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.51%	10.27%	-2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.58%	9.47%	-0.89%