VGEA.DE vs. IBTM.L
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while IBTM.L is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.29%/yr vs -0.20%/yr for IBTM.L. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
VGEA.DE vs. IBTM.L - Performance Comparison
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Different Trading Currencies
VGEA.DE is traded in EUR, while IBTM.L is traded in GBP. To make them comparable, the IBTM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.33% return, which is significantly lower than IBTM.L's 0.63% return.
VGEA.DE
- 1D
- 0.33%
- 1M
- 0.92%
- YTD
- 0.33%
- 6M
- 0.63%
- 1Y
- -0.08%
- 3Y*
- 2.47%
- 5Y*
- -2.29%
- 10Y*
- —
IBTM.L
- 1D
- -0.35%
- 1M
- 1.44%
- YTD
- 0.63%
- 6M
- 1.08%
- 1Y
- 3.48%
- 3Y*
- 0.49%
- 5Y*
- -0.20%
- 10Y*
- 0.33%
VGEA.DE vs. IBTM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.33% | 0.67% | 1.54% | 6.93% | -18.29% | -3.31% | 4.79% | 5.96% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.63% | -4.37% | 6.36% | -0.19% | -9.65% | 4.62% | 0.26% | 9.58% |
Correlation
The correlation between VGEA.DE and IBTM.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.45 |
Over the past year, the correlation between VGEA.DE and IBTM.L has dropped to 0.19 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
VGEA.DE vs. IBTM.L — Risk / Return Rank
VGEA.DE
IBTM.L
VGEA.DE vs. IBTM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.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.
| VGEA.DE | IBTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.78 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.06 | 1.90 | -1.97 |
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Drawdowns
VGEA.DE vs. IBTM.L - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.35%, smaller than the maximum IBTM.L drawdown of -54.48%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and IBTM.L.
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Drawdown Indicators
| VGEA.DE | IBTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.35% | -54.48% | +32.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -4.45% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -10.85% | +6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -15.87% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.25% | — |
Current DrawdownCurrent decline from peak | -13.71% | -15.84% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -10.34% | -18.00% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.82% | -0.47% |
Volatility
VGEA.DE vs. IBTM.L - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a higher volatility of 1.59% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) at 1.03%. This indicates that VGEA.DE's price experiences larger fluctuations and is considered to be riskier than IBTM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEA.DE | IBTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.03% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 4.20% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 5.93% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 9.30% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 9.15% | -3.22% |
VGEA.DE vs. IBTM.L - Expense Ratio Comparison
Both VGEA.DE and IBTM.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
VGEA.DE vs. IBTM.L - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while IBTM.L's dividend yield for the trailing twelve months is around 4.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.36% | 4.19% | 3.94% | 3.16% | 1.96% | 1.14% | 1.69% | 2.53% | 2.34% | 2.02% | 1.79% | 1.97% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 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
VGEA.DE and IBTM.L have a correlation of 0.19, 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.
VGEA.DE and IBTM.L have the same expense ratio: 0.07% per year.
VGEA.DE is categorized as European Government Bonds, while IBTM.L is Government Bonds. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: Vanguard and iShares.
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