VETY.L vs. XGLE.L
VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both European Government Bonds funds tracking the Bloomberg Euro Agg Govt TR EUR, from Vanguard and DWS respectively. Both are passively managed. Over the past 10 years, VETY.L returned 0.03%/yr vs -0.04%/yr for XGLE.L. Their correlation of 0.89 suggests significant overlap in exposure. VETY.L charges 0.07%/yr vs 0.15%/yr for XGLE.L.
Performance
VETY.L vs. XGLE.L - Performance Comparison
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Different Trading Currencies
VETY.L is traded in GBP, while XGLE.L is traded in EUR. To make them comparable, the XGLE.L 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 -0.07% return, which is significantly lower than XGLE.L's -0.03% return. Over the past 10 years, VETY.L has outperformed XGLE.L with an annualized return of 0.03%, while XGLE.L has yielded a comparatively lower -0.04% annualized return.
VETY.L
- 1D
- -0.05%
- 1M
- 0.54%
- YTD
- -0.07%
- 6M
- 0.09%
- 1Y
- 2.22%
- 3Y*
- 2.64%
- 5Y*
- -1.89%
- 10Y*
- 0.03%
XGLE.L
- 1D
- -0.14%
- 1M
- 0.39%
- YTD
- -0.03%
- 6M
- 0.12%
- 1Y
- 2.22%
- 3Y*
- 2.60%
- 5Y*
- -1.98%
- 10Y*
- -0.04%
VETY.L vs. XGLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -0.07% | 5.77% | -2.94% | 4.81% | -13.61% | -9.79% | 10.62% | 1.55% | 1.79% | 3.47% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.03% | 5.95% | -2.94% | 4.66% | -14.01% | -9.34% | 10.68% | 0.57% | 1.78% | 4.23% |
Correlation
The correlation between VETY.L and XGLE.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.89 |
The correlation between VETY.L and XGLE.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
VETY.L vs. XGLE.L — Risk / Return Rank
VETY.L
XGLE.L
VETY.L vs. XGLE.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 Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VETY.L | XGLE.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 | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.49 | -0.02 |
| Martin ratioReturn relative to average drawdown | 1.01 | 1.02 | -0.01 |
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Drawdowns
VETY.L vs. XGLE.L - Drawdown Comparison
The maximum VETY.L drawdown since its inception was -26.62%, roughly equal to the maximum XGLE.L drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for VETY.L and XGLE.L.
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Drawdown Indicators
| VETY.L | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -26.78% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -4.53% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -6.32% | -6.20% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -20.73% | -20.99% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -26.78% | +0.16% |
Current DrawdownCurrent decline from peak | -18.13% | -18.37% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -12.09% | -9.40% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.17% | +0.03% |
Volatility
VETY.L vs. XGLE.L - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) and Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) have volatilities of 1.46% and 1.48%, 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 | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.48% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.34% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.41% | 5.53% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.52% | 7.49% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.23% | 8.18% | +0.05% |
VETY.L vs. XGLE.L - Expense Ratio Comparison
VETY.L has a 0.07% expense ratio, which is lower than XGLE.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
VETY.L vs. XGLE.L - Dividend Comparison
VETY.L's dividend yield for the trailing twelve months is around 2.90%, while XGLE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.90% | 2.82% | 2.61% | 1.82% | 0.47% | 0.08% | 0.15% | 0.53% | 0.55% | 0.48% | 0.31% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 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
VETY.L and XGLE.L have a correlation of 0.88, 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 0.15% for XGLE.L.
Both ETFs track Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Vanguard and DWS. Their fees differ too: 0.07% for VETY.L and 0.15% for XGLE.L.
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