VETA.L vs. IGLS.L
VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both European Government Bonds funds - VETA.L tracks the Bloomberg Euro Agg Govt TR EUR while IGLS.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 1.32%/yr for IGLS.L. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
VETA.L vs. IGLS.L - Performance Comparison
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Returns By Period
In the year-to-date period, VETA.L achieves a -0.82% return, which is significantly lower than IGLS.L's 0.26% 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*
- —
IGLS.L
- 1D
- 0.08%
- 1M
- 0.69%
- YTD
- 0.26%
- 6M
- 0.63%
- 1Y
- 3.12%
- 3Y*
- 4.24%
- 5Y*
- 1.32%
- 10Y*
- 0.89%
VETA.L vs. IGLS.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% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.26% | 5.26% | 2.65% | 4.19% | -4.45% | -1.68% | 1.49% | 0.93% |
Correlation
The correlation between VETA.L and IGLS.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.51 |
The correlation between VETA.L and IGLS.L has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
VETA.L vs. IGLS.L — Risk / Return Rank
VETA.L
IGLS.L
VETA.L vs. IGLS.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 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.
| VETA.L | IGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.59 | -1.02 |
| Martin ratioReturn relative to average drawdown | 1.29 | 5.45 | -4.16 |
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 | IGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.56 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.49 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.69 | -0.76 |
Drawdowns
VETA.L vs. IGLS.L - Drawdown Comparison
The maximum VETA.L drawdown since its inception was -26.60%, 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 VETA.L and IGLS.L.
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Drawdown Indicators
| VETA.L | IGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.60% | -9.54% | -17.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -1.95% | -2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.23% | -1.95% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -8.85% | -11.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.54% | — |
Current DrawdownCurrent decline from peak | -18.72% | -0.65% | -18.07% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -1.10% | -13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.57% | +1.50% |
Volatility
VETA.L vs. IGLS.L - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) has a higher volatility of 1.85% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 0.77%. This indicates that VETA.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.
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Volatility by Period
| VETA.L | IGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 0.77% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 1.75% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 1.99% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 2.67% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 2.18% | +5.78% |
VETA.L vs. IGLS.L - Expense Ratio Comparison
Both VETA.L and IGLS.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VETA.L vs. IGLS.L - Dividend Comparison
VETA.L has not paid dividends to shareholders, while IGLS.L's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
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% | 0.00% |
Frequently Asked Questions
VETA.L and IGLS.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VETA.L and IGLS.L have the same expense ratio: 0.07% per year.
VETA.L tracks Bloomberg Euro Agg Govt TR EUR, while IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: Vanguard and iShares.
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