VERG.L vs. IGLS.L

Last updated Jun 26, 2026

VERG.L (Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both exchange-traded funds - VERG.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while IGLS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, VERG.L returned 9.70%/yr vs 1.49%/yr for IGLS.L. At a 0.08 correlation, their price movements are largely independent. VERG.L charges 0.10%/yr vs 0.07%/yr for IGLS.L.

Performance

VERG.L vs. IGLS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating (VERG.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VERG.L achieves a 9.39% return, which is significantly higher than IGLS.L's 0.98% return.

VERG.L

• 1D: 0.79%
• 1M: 2.46%
• YTD: 9.39%
• 6M: 10.04%
• 1Y: 23.78%
• 3Y*: 15.53%
• 5Y*: 9.70%
• 10Y*: —

IGLS.L

• 1D: 0.06%
• 1M: 0.79%
• YTD: 0.98%
• 6M: 1.40%
• 1Y: 3.26%
• 3Y*: 4.79%
• 5Y*: 1.49%
• 10Y*: 0.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VERG.L vs. IGLS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VERG.L Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating	9.39%	27.18%	1.91%	15.32%	-7.05%	16.27%	8.72%	-9.67%
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	0.98%	5.26%	2.65%	4.19%	-4.44%	-1.68%	1.48%	-0.05%

Correlation

The correlation between VERG.L and IGLS.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019	0.08

Over the past year, VERG.L and IGLS.L have become more correlated (0.38) than their long-term average of 0.08, meaning their price movements have been converging.

Return for Risk

VERG.L vs. IGLS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VERG.L

VERG.L Risk / Return Rank: 58
VERG.L Sharpe Ratio Rank: 63
VERG.L Sortino Ratio Rank: 64
VERG.L Omega Ratio Rank: 65
VERG.L Calmar Ratio Rank: 48
VERG.L Martin Ratio Rank: 50

IGLS.L

IGLS.L Risk / Return Rank: 50
IGLS.L Sharpe Ratio Rank: 55
IGLS.L Sortino Ratio Rank: 57
IGLS.L Omega Ratio Rank: 61
IGLS.L Calmar Ratio Rank: 37
IGLS.L Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VERG.L vs. IGLS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating (VERG.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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.

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.

	VERG.L	IGLS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.64	+0.16
Sortino ratio: Return per unit of downside risk	2.57	2.38	+0.19
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	2.11	1.67	+0.44
Martin ratio: Return relative to average drawdown	7.54	5.61	+1.93

VERG.L vs. IGLS.L - Sharpe Ratio Comparison

The current VERG.L Sharpe Ratio is 1.80, which is comparable to the IGLS.L Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of VERG.L and IGLS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VERG.L vs. IGLS.L - Drawdown Comparison

The maximum VERG.L drawdown since its inception was -32.38%, which is greater than IGLS.L's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for VERG.L and IGLS.L.

Drawdown Indicators

	VERG.L	IGLS.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.38%	-9.54%	-22.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.23%	-1.95%	-9.28%
Max Drawdown (3Y) Largest decline over 3 years	-13.10%	-1.95%	-11.15%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-8.85%	-11.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-9.54%	—
Current Drawdown Current decline from peak	-0.40%	0.00%	-0.40%
Average Drawdown Average peak-to-trough decline	-6.21%	-1.19%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	0.58%	+2.57%

Volatility

VERG.L vs. IGLS.L - Volatility Comparison

Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating (VERG.L) has a higher volatility of 3.23% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 0.50%. This indicates that VERG.L's price experiences larger fluctuations and is considered to be riskier than IGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERG.L	IGLS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	0.50%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	11.09%	1.78%	+9.31%
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	1.98%	+11.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	2.67%	+14.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	2.15%	+16.04%

VERG.L vs. IGLS.L - Expense Ratio Comparison

VERG.L has a 0.10% expense ratio, which is higher than IGLS.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

VERG.L vs. IGLS.L - Dividend Comparison

VERG.L has not paid dividends to shareholders, while IGLS.L's dividend yield for the trailing twelve months is around 3.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)	3.96%	3.88%	3.67%	1.62%	0.30%	0.25%	0.53%	0.46%	0.33%	0.53%	0.88%	0.48%
VERG.L Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) 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

Can I hold both VERG.L and IGLS.L in my portfolio?

VERG.L and IGLS.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VERG.L or IGLS.L?

On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VERG.L or IGLS.L?

IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.10% for VERG.L.

What is the main difference between VERG.L and IGLS.L?

VERG.L is categorized as Europe Equities, while IGLS.L is European Government Bonds. VERG.L tracks MSCI Europe Ex UK NR EUR, while IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VERG.L and 0.07% for IGLS.L.