VETY.L vs. SGOV
VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - VETY.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, VETY.L returned -3.27%/yr vs 4.65%/yr for SGOV. At a 0.19 correlation, their price movements are largely independent. VETY.L charges 0.07%/yr vs 0.09%/yr for SGOV.
Performance
VETY.L vs. SGOV - Performance Comparison
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Different Trading Currencies
VETY.L is traded in GBP, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VETY.L achieves a -2.03% return, which is significantly lower than SGOV's 1.88% 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%
SGOV
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- 1.88%
- 6M
- 1.04%
- 1Y
- 4.91%
- 3Y*
- 2.07%
- 5Y*
- 4.65%
- 10Y*
- —
VETY.L vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -2.03% | 2.82% | -5.14% | 5.08% | -13.54% | -9.76% | 4.11% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.93% | -3.18% | 7.11% | -0.13% | 13.66% | 0.99% | -9.79% |
Correlation
The correlation between VETY.L and SGOV is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.19 |
The correlation between VETY.L and SGOV shifts across timeframes, from 0.01 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VETY.L vs. SGOV — Risk / Return Rank
VETY.L
SGOV
VETY.L vs. SGOV - 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 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.95 | -1.00 |
| Martin ratioReturn relative to average drawdown | -0.10 | 2.59 | -2.69 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 0.75 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.55 | -0.98 |
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 | 0.17 | -0.13 |
Drawdowns
VETY.L vs. SGOV - Drawdown Comparison
The maximum VETY.L drawdown since its inception was -26.39%, which is greater than SGOV's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for VETY.L and SGOV.
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Drawdown Indicators
| VETY.L | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.39% | -15.77% | -10.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -5.17% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -9.80% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -15.77% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -26.39% | — | — |
Current DrawdownCurrent decline from peak | -23.46% | -5.94% | -17.52% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -8.18% | -4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.90% | +0.54% |
Volatility
VETY.L vs. SGOV - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) and iShares 0-3 Month Treasury Bond ETF (SGOV) have volatilities of 1.84% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VETY.L | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 1.77% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 4.99% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 6.60% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 8.56% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 8.50% | +0.04% |
VETY.L vs. SGOV - Expense Ratio Comparison
VETY.L has a 0.07% expense ratio, which is lower than SGOV's 0.09% 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
VETY.L vs. SGOV - Dividend Comparison
VETY.L has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 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 SGOV have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETY.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETY.L is cheaper with a 0.07% expense ratio, compared with 0.09% for SGOV.
VETY.L is categorized as European Government Bonds, while SGOV is Ultrashort Bond. VETY.L tracks Bloomberg Euro Agg Govt TR EUR, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VETY.L and 0.09% for SGOV.
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