VGEA.DE vs. ISX5.L
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.29%/yr vs 11.64%/yr for ISX5.L. At a 0.05 correlation, their price movements are largely independent. VGEA.DE charges 0.07%/yr vs 0.00%/yr for ISX5.L.
Performance
VGEA.DE vs. ISX5.L - Performance Comparison
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Different Trading Currencies
VGEA.DE is traded in EUR, while ISX5.L is traded in USD. To make them comparable, the ISX5.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 ISX5.L's 8.89% 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*
- —
ISX5.L
- 1D
- 2.54%
- 1M
- 5.90%
- YTD
- 8.89%
- 6M
- 10.17%
- 1Y
- 18.29%
- 3Y*
- 15.59%
- 5Y*
- 11.64%
- 10Y*
- 12.69%
VGEA.DE vs. ISX5.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% |
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 8.89% | 21.05% | 11.50% | 23.10% | -8.28% | 22.46% | -1.99% | 18.70% |
Correlation
The correlation between VGEA.DE and ISX5.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.05 |
Over the past year, VGEA.DE and ISX5.L have become more correlated (0.35) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
VGEA.DE vs. ISX5.L — Risk / Return Rank
VGEA.DE
ISX5.L
VGEA.DE vs. ISX5.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 Core EURO STOXX 50 UCITS ETF (ISX5.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 | ISX5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.20 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.69 | -1.71 |
| Martin ratioReturn relative to average drawdown | -0.06 | 5.81 | -5.87 |
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Drawdowns
VGEA.DE vs. ISX5.L - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.35%, smaller than the maximum ISX5.L drawdown of -38.16%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and ISX5.L.
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Drawdown Indicators
| VGEA.DE | ISX5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.35% | -38.16% | +15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -10.77% | +7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -16.22% | +12.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -24.12% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.16% | — |
Current DrawdownCurrent decline from peak | -13.71% | 0.00% | -13.71% |
Average DrawdownAverage peak-to-trough decline | -10.34% | -7.60% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 3.14% | -1.79% |
Volatility
VGEA.DE vs. ISX5.L - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) is 1.59%, while iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a volatility of 4.87%. This indicates that VGEA.DE experiences smaller price fluctuations and is considered to be less risky than ISX5.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 | ISX5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 4.87% | -3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.67% | 14.08% | -10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.40% | 17.14% | -12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 19.38% | -12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.93% | 20.70% | -14.77% |
VGEA.DE vs. ISX5.L - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is higher than ISX5.L's 0.00% 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
VGEA.DE vs. ISX5.L - Dividend Comparison
Neither VGEA.DE nor ISX5.L has paid dividends to shareholders.
Frequently Asked Questions
VGEA.DE and ISX5.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.07% for VGEA.DE.
VGEA.DE is categorized as European Government Bonds, while ISX5.L is Europe Equities. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while ISX5.L tracks MSCI EMU NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VGEA.DE and 0.00% for ISX5.L.
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