VGIT vs. IEAA.L
VGIT (Vanguard Intermediate-Term Treasury ETF) and IEAA.L (iShares Core Euro Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index, while IEAA.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, VGIT returned 0.01%/yr vs -0.85%/yr for IEAA.L. At a 0.35 correlation, their price movements are largely independent. VGIT charges 0.03%/yr vs 0.20%/yr for IEAA.L.
Performance
VGIT vs. IEAA.L - Performance Comparison
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Different Trading Currencies
VGIT is traded in USD, while IEAA.L is traded in EUR. To make them comparable, the IEAA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGIT achieves a -0.29% return, which is significantly higher than IEAA.L's -0.79% return.
VGIT
- 1D
- -0.12%
- 1M
- 0.06%
- YTD
- -0.29%
- 6M
- 0.04%
- 1Y
- 3.19%
- 3Y*
- 3.69%
- 5Y*
- 0.01%
- 10Y*
- 1.20%
IEAA.L
- 1D
- 0.27%
- 1M
- -0.33%
- YTD
- -0.79%
- 6M
- -0.37%
- 1Y
- 1.96%
- 3Y*
- 7.11%
- 5Y*
- -0.85%
- 10Y*
- —
VGIT vs. IEAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGIT Vanguard Intermediate-Term Treasury ETF | -0.29% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | -0.62% |
IEAA.L iShares Core Euro Corporate Bond UCITS ETF (Acc) | -0.79% | 16.92% | -2.04% | 10.87% | -18.60% | -7.85% | 11.79% | 4.17% | -6.08% | 1.21% |
Correlation
The correlation between VGIT and IEAA.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.35 |
The correlation between VGIT and IEAA.L shifts across timeframes, from 0.35 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VGIT vs. IEAA.L — Risk / Return Rank
VGIT
IEAA.L
VGIT vs. IEAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury ETF (VGIT) and iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.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.
| VGIT | IEAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.05 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.30 | +0.83 |
| Martin ratioReturn relative to average drawdown | 3.18 | 0.79 | +2.38 |
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Drawdowns
VGIT vs. IEAA.L - Drawdown Comparison
The maximum VGIT drawdown since its inception was -16.05%, smaller than the maximum IEAA.L drawdown of -34.71%. Use the drawdown chart below to compare losses from any high point for VGIT and IEAA.L.
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Drawdown Indicators
| VGIT | IEAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.05% | -34.71% | +18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -6.58% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -8.36% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -33.23% | +18.21% |
Max Drawdown (10Y)Largest decline over 10 years | -16.05% | — | — |
Current DrawdownCurrent decline from peak | -2.22% | -6.28% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -11.51% | +7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.47% | -1.46% |
Volatility
VGIT vs. IEAA.L - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Treasury ETF (VGIT) is 1.15%, while iShares Core Euro Corporate Bond UCITS ETF (Acc) (IEAA.L) has a volatility of 2.28%. This indicates that VGIT experiences smaller price fluctuations and is considered to be less risky than IEAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGIT | IEAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.28% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 5.92% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 7.69% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 9.36% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 8.80% | -4.30% |
VGIT vs. IEAA.L - Expense Ratio Comparison
VGIT has a 0.03% expense ratio, which is lower than IEAA.L's 0.20% 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%.
Dividends
VGIT vs. IEAA.L - Dividend Comparison
VGIT's dividend yield for the trailing twelve months is around 3.86%, while IEAA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAA.L iShares Core Euro Corporate Bond 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% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
VGIT and IEAA.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGIT is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.20% for IEAA.L.
VGIT is categorized as Government Bonds, while IEAA.L is European Corporate Bonds. VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index, while IEAA.L tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.03% for VGIT and 0.20% for IEAA.L.
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