SEGA.L vs. IEAA.L
SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - SEGA.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SEGA.L returned -2.37%/yr vs 0.23%/yr for IEAA.L. A 0.78 correlation means they provide meaningful diversification when combined. SEGA.L charges 0.09%/yr vs 0.20%/yr for IEAA.L.
Performance
SEGA.L vs. IEAA.L - Performance Comparison
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Different Trading Currencies
SEGA.L is traded in GBP, while IEAA.L is traded in EUR. To make them comparable, the IEAA.L 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 IEAA.L's -0.18% 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%
IEAA.L
- 1D
- 0.25%
- 1M
- 1.01%
- YTD
- -0.18%
- 6M
- -0.54%
- 1Y
- 4.72%
- 3Y*
- 4.74%
- 5Y*
- 0.23%
- 10Y*
- —
SEGA.L vs. IEAA.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) | -2.14% | 5.88% | -2.94% | 4.76% | -13.69% | -9.85% | 10.69% | 1.45% | 1.62% | 1.33% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -0.18% | 8.62% | -0.44% | 5.36% | -8.93% | -6.97% | 8.50% | 0.21% | -0.51% | 1.42% |
Correlation
The correlation between SEGA.L and IEAA.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | 0.78 |
The correlation between SEGA.L and IEAA.L has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
SEGA.L vs. IEAA.L — Risk / Return Rank
SEGA.L
IEAA.L
SEGA.L vs. IEAA.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 Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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 | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.17 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.25 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.57 | 3.22 | -2.65 |
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
| SEGA.L | IEAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.96 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.04 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.09 | +0.06 |
Drawdowns
SEGA.L vs. IEAA.L - Drawdown Comparison
The maximum SEGA.L drawdown since its inception was -26.75%, which is greater than IEAA.L's maximum drawdown of -21.43%. Use the drawdown chart below to compare losses from any high point for SEGA.L and IEAA.L.
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Drawdown Indicators
| SEGA.L | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -21.43% | -5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.13% | -3.75% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | -3.75% | -2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -16.80% | -4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | — | — |
Current DrawdownCurrent decline from peak | -19.89% | -5.98% | -13.91% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -8.94% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.46% | +0.96% |
Volatility
SEGA.L vs. IEAA.L - Volatility Comparison
iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) has a higher volatility of 1.77% compared to iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) at 1.67%. This indicates that SEGA.L's price experiences larger fluctuations and is considered to be riskier than IEAA.L 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 | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.67% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 3.74% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 4.90% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 6.31% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.50% | 6.91% | +1.59% |
SEGA.L vs. IEAA.L - Expense Ratio Comparison
SEGA.L has a 0.09% expense ratio, which is lower than IEAA.L's 0.20% 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%.
Dividends
SEGA.L vs. IEAA.L - Dividend Comparison
SEGA.L's dividend yield for the trailing twelve months is around 1.19%, while IEAA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
SEGA.L and IEAA.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEGA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEGA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IEAA.L.
SEGA.L is categorized as European Government Bonds, while IEAA.L is European Corporate Bonds. SEGA.L tracks Bloomberg Euro Agg Govt TR EUR, while IEAA.L tracks Bloomberg Euro Corp TR EUR. Their fees differ too: 0.09% for SEGA.L and 0.20% for IEAA.L.
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