SEGA.L vs. IGL5.L
SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds from iShares - SEGA.L tracks the Bloomberg Euro Agg Govt TR EUR while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, SEGA.L returned 2.02%/yr vs 4.23%/yr for IGL5.L. A 0.58 correlation means they provide meaningful diversification when combined. SEGA.L charges 0.09%/yr vs 0.07%/yr for IGL5.L.
Performance
SEGA.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEGA.L achieves a -2.14% return, which is significantly lower than IGL5.L's 0.92% 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%
IGL5.L
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.92%
- 6M
- 0.63%
- 1Y
- 3.10%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
SEGA.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | -2.14% | 5.88% | -2.94% | 6.05% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.92% | 4.56% | 2.68% | 4.14% |
Correlation
The correlation between SEGA.L and IGL5.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.58 |
The correlation between SEGA.L and IGL5.L has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.
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Return for Risk
SEGA.L vs. IGL5.L — Risk / Return Rank
SEGA.L
IGL5.L
SEGA.L vs. IGL5.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 UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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 | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.30 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 1.63 | -1.36 |
| Martin ratioReturn relative to average drawdown | 0.57 | 5.55 | -4.98 |
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 | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.48 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | — | — |
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 | 1.88 | -1.72 |
Drawdowns
SEGA.L vs. IGL5.L - Drawdown Comparison
The maximum SEGA.L drawdown since its inception was -26.75%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for SEGA.L and IGL5.L.
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Drawdown Indicators
| SEGA.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -1.89% | -24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.13% | -1.89% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | -1.89% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | — | — |
Current DrawdownCurrent decline from peak | -19.89% | -0.64% | -19.25% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -0.31% | -10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 0.56% | +1.86% |
Volatility
SEGA.L vs. IGL5.L - Volatility Comparison
iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) has a higher volatility of 1.77% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.70%. This indicates that SEGA.L's price experiences larger fluctuations and is considered to be riskier than IGL5.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 | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.70% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 1.89% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 2.09% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 2.16% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.50% | 2.16% | +6.34% |
SEGA.L vs. IGL5.L - Expense Ratio Comparison
SEGA.L has a 0.09% expense ratio, which is higher than IGL5.L'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
SEGA.L vs. IGL5.L - Dividend Comparison
SEGA.L's dividend yield for the trailing twelve months is around 1.19%, while IGL5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (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 IGL5.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGL5.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGL5.L is cheaper with a 0.07% expense ratio, compared with 0.09% for SEGA.L.
SEGA.L tracks Bloomberg Euro Agg Govt TR EUR, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Their fees differ too: 0.09% for SEGA.L and 0.07% for IGL5.L.
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