VAGT.DE vs. IS04.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both Government Bonds funds - VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while IS04.DE tracks the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 3 years, VAGT.DE returned 1.65%/yr vs -2.70%/yr for IS04.DE. A 0.72 correlation means they provide meaningful diversification when combined. VAGT.DE charges 0.05%/yr vs 0.07%/yr for IS04.DE.
Performance
VAGT.DE vs. IS04.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 4.01% return, which is significantly lower than IS04.DE's 5.35% return.
VAGT.DE
- 1D
- 0.00%
- 1M
- 3.25%
- YTD
- 4.01%
- 6M
- 4.38%
- 1Y
- 5.87%
- 3Y*
- 1.65%
- 5Y*
- —
- 10Y*
- —
IS04.DE
- 1D
- 0.00%
- 1M
- 5.35%
- YTD
- 5.35%
- 6M
- 5.74%
- 1Y
- 7.72%
- 3Y*
- -2.70%
- 5Y*
- -5.14%
- 10Y*
- -2.08%
VAGT.DE vs. IS04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 4.01% | -5.48% | 6.40% | -0.47% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 5.35% | -7.08% | -2.45% | -4.55% |
Correlation
The correlation between VAGT.DE and IS04.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.72 |
The correlation between VAGT.DE and IS04.DE has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
VAGT.DE vs. IS04.DE — Risk / Return Rank
VAGT.DE
IS04.DE
VAGT.DE vs. IS04.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.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.
| VAGT.DE | IS04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.03 | +0.44 |
| Martin ratioReturn relative to average drawdown | 3.82 | 2.21 | +1.62 |
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Drawdowns
VAGT.DE vs. IS04.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum IS04.DE drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and IS04.DE.
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Drawdown Indicators
| VAGT.DE | IS04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -47.19% | +36.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -7.43% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -18.34% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.19% | — |
Current DrawdownCurrent decline from peak | -4.51% | -41.19% | +36.68% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -22.82% | +17.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.49% | -1.94% |
Volatility
VAGT.DE vs. IS04.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) is 1.43%, while iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) has a volatility of 2.51%. This indicates that VAGT.DE experiences smaller price fluctuations and is considered to be less risky than IS04.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | IS04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.51% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 6.75% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 9.95% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.32% | 15.27% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.32% | 14.65% | -7.33% |
VAGT.DE vs. IS04.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than IS04.DE's 0.07% 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
VAGT.DE vs. IS04.DE - Dividend Comparison
VAGT.DE has not paid dividends to shareholders, while IS04.DE's dividend yield for the trailing twelve months is around 4.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.51% | 4.38% | 4.61% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.78% | 2.73% | 2.57% | 2.14% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGT.DE and IS04.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for IS04.DE.
VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while IS04.DE tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VAGT.DE and 0.07% for IS04.DE.
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