VETY.L vs. IGL5.L
VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds - VETY.L tracks the Bloomberg Euro Agg Govt TR EUR while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, VETY.L returned 0.38%/yr vs 4.23%/yr for IGL5.L. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.
Performance
VETY.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, VETY.L achieves a -2.03% return, which is significantly lower than IGL5.L's 0.92% return.
VETY.L
- 1D
- 0.19%
- 1M
- 0.54%
- YTD
- -2.03%
- 6M
- -2.33%
- 1Y
- -0.25%
- 3Y*
- 0.38%
- 5Y*
- -3.27%
- 10Y*
- 0.12%
IGL5.L
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.92%
- 6M
- 0.63%
- 1Y
- 3.10%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
VETY.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -2.03% | 2.82% | -5.14% | 6.31% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.92% | 4.56% | 2.68% | 4.14% |
Correlation
The correlation between VETY.L and IGL5.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.57 |
The correlation between VETY.L and IGL5.L has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
VETY.L vs. IGL5.L — Risk / Return Rank
VETY.L
IGL5.L
VETY.L vs. IGL5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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.
| VETY.L | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.30 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.63 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.10 | 5.55 | -5.66 |
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
| VETY.L | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 1.48 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 1.88 | -1.83 |
Drawdowns
VETY.L vs. IGL5.L - Drawdown Comparison
The maximum VETY.L drawdown since its inception was -26.39%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for VETY.L and IGL5.L.
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Drawdown Indicators
| VETY.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.39% | -1.89% | -24.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -1.89% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -1.89% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.39% | — | — |
Current DrawdownCurrent decline from peak | -23.46% | -0.64% | -22.82% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -0.31% | -12.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 0.56% | +1.88% |
Volatility
VETY.L vs. IGL5.L - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) has a higher volatility of 1.84% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.70%. This indicates that VETY.L's price experiences larger fluctuations and is considered to be riskier than IGL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VETY.L | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 0.70% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 1.89% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 2.09% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 2.16% | +5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 2.16% | +6.38% |
VETY.L vs. IGL5.L - Expense Ratio Comparison
Both VETY.L and IGL5.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
VETY.L vs. IGL5.L - Dividend Comparison
Neither VETY.L nor IGL5.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.00% | 0.00% | 0.28% | 2.11% | 0.54% | 0.09% | 0.17% | 0.60% | 0.63% | 0.54% | 0.37% |
Frequently Asked Questions
VETY.L and IGL5.L have a correlation of 0.52, 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.
VETY.L and IGL5.L have the same expense ratio: 0.07% per year.
VETY.L tracks Bloomberg Euro Agg Govt TR EUR, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). They also come from different issuers: Vanguard and iShares.
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