VGEB.DE vs. OG35.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) and Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE).

VGEB.DE and OG35.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGEB.DE is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Euro Aggregate Treasury. It was launched on Feb 24, 2016. OG35.DE is a passively managed fund by Natixis that tracks the performance of the ICE 3-5 Year Euro Government Carbon Reduction. It was launched on May 13, 2020. Both VGEB.DE and OG35.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VGEB.DE vs. OG35.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) and Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE). The values are adjusted to include any dividend payments, if applicable.

VGEB.DE vs. OG35.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing	-0.52%	0.69%	1.55%	6.99%	-18.10%	-3.26%	3.24%
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF	-0.65%	2.46%	2.13%	5.16%	-10.01%	-1.17%	1.17%

Returns By Period

In the year-to-date period, VGEB.DE achieves a -0.52% return, which is significantly higher than OG35.DE's -0.65% return.

VGEB.DE

• 1D: 0.11%
• 1M: -2.13%
• YTD: -0.52%
• 6M: -0.25%
• 1Y: 0.96%
• 3Y*: 2.09%
• 5Y*: -2.52%
• 10Y*: —

OG35.DE

• 1D: 0.11%
• 1M: -1.61%
• YTD: -0.65%
• 6M: -0.32%
• 1Y: 1.19%
• 3Y*: 2.56%
• 5Y*: -0.49%
• 10Y*: —

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

VGEB.DE vs. OG35.DE - Expense Ratio Comparison

VGEB.DE has a 0.07% expense ratio, which is lower than OG35.DE's 0.17% 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%.

OG35.DE

Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF

VGEB.DE

Vanguard EUR Eurozone Government Bond UCITS ETF Distributing

Return for Risk

VGEB.DE vs. OG35.DE — Risk / Return Rank

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

VGEB.DE

VGEB.DE Risk / Return Rank: 16
VGEB.DE Sharpe Ratio Rank: 17
VGEB.DE Sortino Ratio Rank: 15
VGEB.DE Omega Ratio Rank: 14
VGEB.DE Calmar Ratio Rank: 17
VGEB.DE Martin Ratio Rank: 18

OG35.DE

OG35.DE Risk / Return Rank: 24
OG35.DE Sharpe Ratio Rank: 27
OG35.DE Sortino Ratio Rank: 24
OG35.DE Omega Ratio Rank: 23
OG35.DE Calmar Ratio Rank: 21
OG35.DE Martin Ratio Rank: 25

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.

VGEB.DE vs. OG35.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) and Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE). 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.

	VGEB.DE	OG35.DE	Difference
Sharpe ratio Return per unit of total volatility	0.25	0.55	-0.30
Sortino ratio Return per unit of downside risk	0.37	0.75	-0.38
Omega ratio Gain probability vs. loss probability	1.04	1.10	-0.05
Calmar ratio Return relative to maximum drawdown	0.34	0.50	-0.16
Martin ratio Return relative to average drawdown	1.19	2.14	-0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGEB.DE vs. OG35.DE - Sharpe Ratio Comparison

The current VGEB.DE Sharpe Ratio is 0.25, which is lower than the OG35.DE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of VGEB.DE and OG35.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VGEB.DE	OG35.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	0.55	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.40	-0.13	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	-0.08	+0.03

Correlation

The correlation between VGEB.DE and OG35.DE is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VGEB.DE vs. OG35.DE - Dividend Comparison

VGEB.DE's dividend yield for the trailing twelve months is around 2.89%, while OG35.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing	2.89%	2.88%	2.56%	1.96%	0.66%	0.08%	0.19%	0.74%	0.80%	0.09%
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VGEB.DE vs. OG35.DE - Drawdown Comparison

The maximum VGEB.DE drawdown since its inception was -22.15%, which is greater than OG35.DE's maximum drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for VGEB.DE and OG35.DE.

Drawdown Indicators

	VGEB.DE	OG35.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.15%	-12.21%	-9.94%
Max Drawdown (1Y) Largest decline over 1 year	-3.43%	-2.41%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-21.25%	-11.90%	-9.35%
Current Drawdown Current decline from peak	-14.21%	-3.17%	-11.04%
Average Drawdown Average peak-to-trough decline	-8.73%	-5.05%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.57%	+0.41%

Volatility

VGEB.DE vs. OG35.DE - Volatility Comparison

Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) has a higher volatility of 1.89% compared to Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) at 1.27%. This indicates that VGEB.DE's price experiences larger fluctuations and is considered to be riskier than OG35.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGEB.DE	OG35.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	1.27%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	1.62%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	2.15%	+1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.24%	3.88%	+2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.51%	3.73%	+1.78%