VEUR.L vs. TIGB.L

Last updated Jun 5, 2026

VEUR.L (Vanguard FTSE Developed Europe UCITS ETF Distributing) and TIGB.L (Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist) are both exchange-traded funds - VEUR.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while TIGB.L is a Short-Term Bond fund tracking the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 3 years, VEUR.L returned 14.20%/yr vs 4.48%/yr for TIGB.L. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.10% expense ratio.

Performance

VEUR.L vs. TIGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VEUR.L is traded in GBP, while TIGB.L is traded in GBp. To make them comparable, the TIGB.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VEUR.L achieves a 6.65% return, which is significantly higher than TIGB.L's 1.42% return.

VEUR.L

• 1D: 0.73%
• 1M: 3.41%
• YTD: 6.65%
• 6M: 9.00%
• 1Y: 19.50%
• 3Y*: 14.20%
• 5Y*: 10.10%
• 10Y*: 10.28%

TIGB.L

• 1D: 0.09%
• 1M: 0.29%
• YTD: 1.42%
• 6M: 1.75%
• 1Y: 3.78%
• 3Y*: 4.48%
• 5Y*: —
• 10Y*: —

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

VEUR.L vs. TIGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing	6.65%	26.00%	4.43%	13.51%	-0.68%
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	1.42%	4.10%	4.94%	4.27%	0.03%

Correlation

The correlation between VEUR.L and TIGB.L is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Feb 7, 2022	-0.01

Return for Risk

VEUR.L vs. TIGB.L — Risk / Return Rank

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

VEUR.L

VEUR.L Risk / Return Rank: 45
VEUR.L Sharpe Ratio Rank: 48
VEUR.L Sortino Ratio Rank: 47
VEUR.L Omega Ratio Rank: 50
VEUR.L Calmar Ratio Rank: 37
VEUR.L Martin Ratio Rank: 42

TIGB.L

TIGB.L Risk / Return Rank: 97
TIGB.L Sharpe Ratio Rank: 95
TIGB.L Sortino Ratio Rank: 97
TIGB.L Omega Ratio Rank: 98
TIGB.L Calmar Ratio Rank: 97
TIGB.L Martin Ratio Rank: 98

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.

VEUR.L vs. TIGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.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.

	VEUR.L	TIGB.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	3.87	-2.25
Sortino ratio: Return per unit of downside risk	2.29	6.05	-3.76
Omega ratio: Gain probability vs. loss probability	1.31	2.34	-1.03
Calmar ratio: Return relative to maximum drawdown	1.83	12.51	-10.68
Martin ratio: Return relative to average drawdown	6.55	73.64	-67.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEUR.L vs. TIGB.L - Sharpe Ratio Comparison

The current VEUR.L Sharpe Ratio is 1.62, which is lower than the TIGB.L Sharpe Ratio of 3.87. The chart below compares the historical Sharpe Ratios of VEUR.L and TIGB.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

	VEUR.L	TIGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	3.87	-2.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	5.48	-4.83

Drawdowns

VEUR.L vs. TIGB.L - Drawdown Comparison

The maximum VEUR.L drawdown since its inception was -28.59%, which is greater than TIGB.L's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for VEUR.L and TIGB.L.

Drawdown Indicators

	VEUR.L	TIGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.59%	-0.50%	-28.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-0.30%	-10.29%
Max Drawdown (3Y) Largest decline over 3 years	-12.72%	-0.30%	-12.42%
Max Drawdown (5Y) Largest decline over 5 years	-16.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.59%	—	—
Current Drawdown Current decline from peak	-1.39%	0.00%	-1.39%
Average Drawdown Average peak-to-trough decline	-4.11%	-0.03%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	0.05%	+2.92%

Volatility

VEUR.L vs. TIGB.L - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) has a higher volatility of 3.94% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) at 0.45%. This indicates that VEUR.L's price experiences larger fluctuations and is considered to be riskier than TIGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUR.L	TIGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	0.45%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	0.71%	+9.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	0.97%	+11.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	0.74%	+13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.92%	0.74%	+14.18%

VEUR.L vs. TIGB.L - Expense Ratio Comparison

Both VEUR.L and TIGB.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VEUR.L vs. TIGB.L - Dividend Comparison

VEUR.L's dividend yield for the trailing twelve months is around 2.59%, less than TIGB.L's 3.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIGB.L Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist	3.92%	4.11%	4.93%	4.53%	1.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing	2.59%	2.75%	3.10%	2.96%	3.19%	2.71%	2.28%	3.35%	3.53%	3.05%	3.04%	3.06%

Frequently Asked Questions

Can I hold both VEUR.L and TIGB.L in my portfolio?

VEUR.L and TIGB.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEUR.L or TIGB.L?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEUR.L or TIGB.L?

VEUR.L and TIGB.L have the same expense ratio: 0.10% per year.

What is the main difference between VEUR.L and TIGB.L?

VEUR.L is categorized as Europe Equities, while TIGB.L is Short-Term Bond. VEUR.L tracks MSCI Europe NR EUR, while TIGB.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: Vanguard and Invesco.