UEEG.DE vs. VGTY.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -0.91%/yr vs 0.19%/yr for VGTY.DE. At a 0.25 correlation, their price movements are largely independent. UEEG.DE charges 0.18%/yr vs 0.05%/yr for VGTY.DE.
Performance
UEEG.DE vs. VGTY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEEG.DE achieves a -0.63% return, which is significantly lower than VGTY.DE's 2.87% return.
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- -0.42%
- YTD
- -0.63%
- 1Y
- 1.29%
- 3Y*
- 2.37%
- 5Y*
- -0.91%
- 10Y*
- —
VGTY.DE
- 1D
- -0.05%
- 1M
- 1.91%
- 6M
- 2.81%
- YTD
- 2.87%
- 1Y
- 6.01%
- 3Y*
- 1.47%
- 5Y*
- 0.19%
- 10Y*
- —
UEEG.DE vs. VGTY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.63% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 2.87% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -3.93% |
Correlation
The correlation between UEEG.DE and VGTY.DE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.25 |
Over the past year, the correlation between UEEG.DE and VGTY.DE has dropped to 0.04 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
UEEG.DE vs. VGTY.DE — Risk / Return Rank
UEEG.DE
VGTY.DE
UEEG.DE vs. VGTY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE). 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.
| UEEG.DE | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.50 | -0.94 |
| Martin ratioReturn relative to average drawdown | 1.38 | 3.90 | -2.52 |
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Drawdowns
UEEG.DE vs. VGTY.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, smaller than the maximum VGTY.DE drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and VGTY.DE.
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Drawdown Indicators
| UEEG.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -17.51% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -3.98% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -11.05% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -12.99% | +0.09% |
Current DrawdownCurrent decline from peak | -5.99% | -11.40% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -9.06% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.54% | -0.60% |
Volatility
UEEG.DE vs. VGTY.DE - Volatility Comparison
The current volatility for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) is 0.95%, while Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a volatility of 1.57%. This indicates that UEEG.DE experiences smaller price fluctuations and is considered to be less risky than VGTY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEEG.DE | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.57% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.81% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 5.47% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 7.99% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 7.66% | -3.63% |
UEEG.DE vs. VGTY.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% expense ratio, which is higher than VGTY.DE's 0.05% 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
UEEG.DE vs. VGTY.DE - Dividend Comparison
UEEG.DE has not paid dividends to shareholders, while VGTY.DE's dividend yield for the trailing twelve months is around 4.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.19% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% |
Frequently Asked Questions
UEEG.DE and VGTY.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for UEEG.DE and 0.05% for VGTY.DE.
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