VFEG.L vs. IBTL.L
VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) and IBTL.L (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) are both exchange-traded funds - VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IBTL.L is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 5 years, VFEG.L returned 6.12%/yr vs -5.05%/yr for IBTL.L. At a correlation of -0.06, they often move in opposite directions. VFEG.L charges 0.22%/yr vs 0.07%/yr for IBTL.L.
Performance
VFEG.L vs. IBTL.L - Performance Comparison
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Different Trading Currencies
VFEG.L is traded in GBP, while IBTL.L is traded in GBp. To make them comparable, the IBTL.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VFEG.L achieves a 11.73% return, which is significantly higher than IBTL.L's -0.57% return.
VFEG.L
- 1D
- -0.21%
- 1M
- 2.54%
- YTD
- 11.73%
- 6M
- 12.29%
- 1Y
- 30.60%
- 3Y*
- 15.18%
- 5Y*
- 6.12%
- 10Y*
- —
IBTL.L
- 1D
- 0.45%
- 1M
- 1.68%
- YTD
- -0.57%
- 6M
- -1.69%
- 1Y
- 5.17%
- 3Y*
- -4.08%
- 5Y*
- -5.05%
- 10Y*
- -0.77%
VFEG.L vs. IBTL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc | 11.73% | 17.15% | 14.13% | 1.28% | -7.26% | -0.01% | 11.28% | 4.51% |
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | -0.57% | -2.80% | -5.50% | -3.62% | -22.17% | -3.32% | 13.07% | -9.53% |
Correlation
The correlation between VFEG.L and IBTL.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | -0.06 |
The correlation between VFEG.L and IBTL.L shifts across timeframes, from -0.06 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VFEG.L vs. IBTL.L — Risk / Return Rank
VFEG.L
IBTL.L
VFEG.L vs. IBTL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.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.
| VFEG.L | IBTL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.09 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 0.62 | +2.77 |
| Martin ratioReturn relative to average drawdown | 11.12 | 1.35 | +9.77 |
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
| VFEG.L | IBTL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 0.54 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | -0.33 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.03 | +0.46 |
Drawdowns
VFEG.L vs. IBTL.L - Drawdown Comparison
The maximum VFEG.L drawdown since its inception was -25.35%, smaller than the maximum IBTL.L drawdown of -48.85%. Use the drawdown chart below to compare losses from any high point for VFEG.L and IBTL.L.
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Drawdown Indicators
| VFEG.L | IBTL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.35% | -48.85% | +23.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -8.25% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.61% | -17.70% | +3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -39.35% | +19.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.85% | — |
Current DrawdownCurrent decline from peak | -1.40% | -45.21% | +43.81% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -23.75% | +14.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.82% | -1.07% |
Volatility
VFEG.L vs. IBTL.L - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) has a higher volatility of 5.09% compared to iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IBTL.L) at 2.45%. This indicates that VFEG.L's price experiences larger fluctuations and is considered to be riskier than IBTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEG.L | IBTL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 2.45% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 6.48% | +4.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 9.53% | +4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 15.49% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 16.54% | +0.90% |
VFEG.L vs. IBTL.L - Expense Ratio Comparison
VFEG.L has a 0.22% expense ratio, which is higher than IBTL.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VFEG.L vs. IBTL.L - Dividend Comparison
VFEG.L has not paid dividends to shareholders, while IBTL.L's dividend yield for the trailing twelve months is around 4.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTL.L iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.34% | 4.32% | 4.59% | 3.78% | 2.96% | 1.72% | 1.86% | 2.54% | 2.75% | 2.66% | 2.44% | 2.07% |
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc | 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
VFEG.L and IBTL.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTL.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTL.L is cheaper with a 0.07% expense ratio, compared with 0.22% for VFEG.L.
VFEG.L is categorized as Emerging Markets Equities, while IBTL.L is Government Bonds. VFEG.L tracks MSCI EM NR USD, while IBTL.L tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VFEG.L and 0.07% for IBTL.L.
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