VETA.L vs. GIL5.L

Last updated Jun 5, 2026

VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and GIL5.L (Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist) are both European Government Bonds funds - VETA.L tracks the Bloomberg Euro Agg Govt TR EUR while GIL5.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 5 years, VETA.L returned -2.10%/yr vs 1.25%/yr for GIL5.L. A 0.52 correlation means they provide meaningful diversification when combined. VETA.L charges 0.07%/yr vs 0.05%/yr for GIL5.L.

Performance

VETA.L vs. GIL5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) and Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VETA.L achieves a -0.82% return, which is significantly lower than GIL5.L's 0.44% 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*: —

GIL5.L

• 1D: 0.13%
• 1M: 0.67%
• YTD: 0.44%
• 6M: 0.54%
• 1Y: 3.07%
• 3Y*: 4.17%
• 5Y*: 1.25%
• 10Y*: —

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

VETA.L vs. GIL5.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%
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	0.44%	5.12%	2.49%	4.05%	-4.53%	-1.87%	1.64%	0.87%

Correlation

The correlation between VETA.L and GIL5.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019	0.52

The correlation between VETA.L and GIL5.L shifts across timeframes, from 0.42 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VETA.L vs. GIL5.L — Risk / Return Rank

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

VETA.L

VETA.L Risk / Return Rank: 16
VETA.L Sharpe Ratio Rank: 17
VETA.L Sortino Ratio Rank: 16
VETA.L Omega Ratio Rank: 16
VETA.L Calmar Ratio Rank: 16
VETA.L Martin Ratio Rank: 15

GIL5.L

GIL5.L Risk / Return Rank: 40
GIL5.L Sharpe Ratio Rank: 43
GIL5.L Sortino Ratio Rank: 44
GIL5.L Omega Ratio Rank: 46
GIL5.L Calmar Ratio Rank: 33
GIL5.L Martin Ratio Rank: 35

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.

VETA.L vs. GIL5.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 Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.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	GIL5.L	Difference
Sharpe ratio: Return per unit of total volatility	0.49	1.51	-1.02
Sortino ratio: Return per unit of downside risk	0.74	2.19	-1.45
Omega ratio: Gain probability vs. loss probability	1.09	1.29	-0.20
Calmar ratio: Return relative to maximum drawdown	0.57	1.60	-1.03
Martin ratio: Return relative to average drawdown	1.29	5.31	-4.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VETA.L vs. GIL5.L - Sharpe Ratio Comparison

The current VETA.L Sharpe Ratio is 0.49, which is lower than the GIL5.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of VETA.L and GIL5.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.

Sharpe Ratios by Period

	VETA.L	GIL5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	1.51	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.48	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.37	-0.44

Drawdowns

VETA.L vs. GIL5.L - Drawdown Comparison

The maximum VETA.L drawdown since its inception was -26.60%, which is greater than GIL5.L's maximum drawdown of -9.42%. Use the drawdown chart below to compare losses from any high point for VETA.L and GIL5.L.

Drawdown Indicators

	VETA.L	GIL5.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.60%	-9.42%	-17.18%
Max Drawdown (1Y) Largest decline over 1 year	-4.66%	-1.91%	-2.75%
Max Drawdown (3Y) Largest decline over 3 years	-6.23%	-1.91%	-4.32%
Max Drawdown (5Y) Largest decline over 5 years	-20.71%	-8.75%	-11.96%
Current Drawdown Current decline from peak	-18.72%	-0.65%	-18.07%
Average Drawdown Average peak-to-trough decline	-15.05%	-1.61%	-13.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	0.58%	+1.49%

Volatility

VETA.L vs. GIL5.L - Volatility Comparison

Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) has a higher volatility of 1.85% compared to Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist (GIL5.L) at 0.56%. This indicates that VETA.L's price experiences larger fluctuations and is considered to be riskier than GIL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VETA.L	GIL5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	0.56%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	4.18%	1.72%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	5.43%	2.03%	+3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.49%	2.61%	+4.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.96%	2.13%	+5.83%

VETA.L vs. GIL5.L - Expense Ratio Comparison

VETA.L has a 0.07% expense ratio, which is higher than GIL5.L'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

VETA.L vs. GIL5.L - Dividend Comparison

VETA.L has not paid dividends to shareholders, while GIL5.L's dividend yield for the trailing twelve months is around 2.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GIL5.L Lyxor UK Government Bond 0-5Y (DR) UCITS ETF - Dist	2.33%	2.34%	1.94%	1.36%	1.39%	1.60%	2.26%	2.70%	2.92%	3.17%	1.56%
VETA.L Vanguard EUR Eurozone Government 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%

Frequently Asked Questions

Can I hold both VETA.L and GIL5.L in my portfolio?

VETA.L and GIL5.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VETA.L or GIL5.L?

On fees, GIL5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VETA.L or GIL5.L?

GIL5.L is cheaper with a 0.05% expense ratio, compared with 0.07% for VETA.L.

What is the main difference between VETA.L and GIL5.L?

VETA.L tracks Bloomberg Euro Agg Govt TR EUR, while GIL5.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.07% for VETA.L and 0.05% for GIL5.L.