VETA.L vs. CE01.L
VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VETA.L returned -2.10%/yr vs -2.20%/yr for CE01.L. With a 0.98 correlation, they move nearly in lockstep. VETA.L charges 0.07%/yr vs 0.15%/yr for CE01.L.
Performance
VETA.L vs. CE01.L - Performance Comparison
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Different Trading Currencies
VETA.L is traded in GBP, while CE01.L is traded in GBp. To make them comparable, the CE01.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VETA.L achieves a -0.82% return, which is significantly higher than CE01.L's -0.91% return.
VETA.L
- 1D
- 0.23%
- 1M
- 0.78%
- YTD
- -0.82%
- 6M
- -0.92%
- 1Y
- 2.67%
- 3Y*
- 2.47%
- 5Y*
- -2.10%
- 10Y*
- —
CE01.L
- 1D
- 0.23%
- 1M
- 0.98%
- YTD
- -0.91%
- 6M
- -0.95%
- 1Y
- 2.93%
- 3Y*
- 2.70%
- 5Y*
- -2.20%
- 10Y*
- 0.80%
VETA.L vs. CE01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -0.82% | 5.79% | -2.93% | 4.76% | -13.59% | -9.77% | 10.65% | 3.88% |
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -0.91% | 6.87% | -3.53% | 6.60% | -15.38% | -9.55% | 10.06% | 3.33% |
Correlation
The correlation between VETA.L and CE01.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.98 |
The correlation between VETA.L and CE01.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
VETA.L vs. CE01.L — Risk / Return Rank
VETA.L
CE01.L
VETA.L vs. CE01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) and iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.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.
| VETA.L | CE01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.55 | +0.02 |
| Martin ratioReturn relative to average drawdown | 1.29 | 1.30 | -0.01 |
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
| VETA.L | CE01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.50 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | -0.27 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.18 | -0.26 |
Drawdowns
VETA.L vs. CE01.L - Drawdown Comparison
The maximum VETA.L drawdown since its inception was -26.60%, roughly equal to the maximum CE01.L drawdown of -27.47%. Use the drawdown chart below to compare losses from any high point for VETA.L and CE01.L.
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Drawdown Indicators
| VETA.L | CE01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.60% | -27.47% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -5.33% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -6.23% | -6.85% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -22.14% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.47% | — |
Current DrawdownCurrent decline from peak | -18.72% | -18.53% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -10.31% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.25% | -0.18% |
Volatility
VETA.L vs. CE01.L - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) is 1.85%, while iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a volatility of 1.98%. This indicates that VETA.L experiences smaller price fluctuations and is considered to be less risky than CE01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VETA.L | CE01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 1.98% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 4.61% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.88% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 8.21% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 8.83% | -0.87% |
VETA.L vs. CE01.L - Expense Ratio Comparison
VETA.L has a 0.07% expense ratio, which is lower than CE01.L's 0.15% 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
VETA.L vs. CE01.L - Dividend Comparison
Neither VETA.L nor CE01.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, VETA.L and CE01.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VETA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for CE01.L.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VETA.L and 0.15% for CE01.L.
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