SEGA.L vs. VGOV.L
SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) and VGOV.L (Vanguard UK Gilt UCITS ETF Distributing) are both European Government Bonds funds - SEGA.L tracks the Bloomberg Euro Agg Govt TR EUR while VGOV.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, SEGA.L returned 0.52%/yr vs -1.29%/yr for VGOV.L. A 0.51 correlation means they provide meaningful diversification when combined. SEGA.L charges 0.09%/yr vs 0.07%/yr for VGOV.L.
Performance
SEGA.L vs. VGOV.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 VGOV.L's -1.28% return. Over the past 10 years, SEGA.L has outperformed VGOV.L with an annualized return of 0.52%, while VGOV.L has yielded a comparatively lower -1.29% 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%
VGOV.L
- 1D
- 0.28%
- 1M
- 1.61%
- YTD
- -1.28%
- 6M
- -1.26%
- 1Y
- 2.08%
- 3Y*
- 2.10%
- 5Y*
- -5.33%
- 10Y*
- -1.29%
SEGA.L vs. VGOV.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% | 3.47% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | -1.28% | 4.78% | -4.30% | 3.32% | -27.01% | -5.37% | 9.32% | 7.65% | 0.35% | 1.90% |
Correlation
The correlation between SEGA.L and VGOV.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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.51 |
The correlation between SEGA.L and VGOV.L shifts across timeframes, from 0.51 (all time) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEGA.L vs. VGOV.L — Risk / Return Rank
SEGA.L
VGOV.L
SEGA.L vs. VGOV.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 Vanguard UK Gilt UCITS ETF Distributing (VGOV.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 | VGOV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.36 | -0.09 |
| Martin ratioReturn relative to average drawdown | 0.57 | 0.96 | -0.39 |
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 | VGOV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.32 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.47 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | -0.13 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.03 | +0.12 |
Drawdowns
SEGA.L vs. VGOV.L - Drawdown Comparison
The maximum SEGA.L drawdown since its inception was -26.75%, smaller than the maximum VGOV.L drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for SEGA.L and VGOV.L.
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Drawdown Indicators
| SEGA.L | VGOV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.75% | -39.28% | +12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.13% | -5.74% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | -7.98% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -37.38% | +16.53% |
Max Drawdown (10Y)Largest decline over 10 years | -26.75% | -39.28% | +12.53% |
Current DrawdownCurrent decline from peak | -19.89% | -30.74% | +10.85% |
Average DrawdownAverage peak-to-trough decline | -10.41% | -12.39% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.16% | +0.26% |
Volatility
SEGA.L vs. VGOV.L - Volatility Comparison
The current volatility for iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) is 1.77%, while Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) has a volatility of 2.69%. This indicates that SEGA.L experiences smaller price fluctuations and is considered to be less risky than VGOV.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 | VGOV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.69% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.34% | 5.24% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 6.47% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 11.44% | -3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.50% | 10.15% | -1.65% |
SEGA.L vs. VGOV.L - Expense Ratio Comparison
SEGA.L has a 0.09% expense ratio, which is higher than VGOV.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. VGOV.L - Dividend Comparison
SEGA.L's dividend yield for the trailing twelve months is around 1.19%, less than VGOV.L's 4.61% yield.
| Position | 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% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | 4.61% | 4.51% | 4.14% | 3.16% | 1.87% | 1.09% | 1.16% | 1.38% | 1.57% | 1.62% | 1.62% | 1.92% |
Frequently Asked Questions
SEGA.L and VGOV.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, VGOV.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.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 VGOV.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for SEGA.L and 0.07% for VGOV.L.
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