VGIVX vs. SXRM.DE
VGIVX (Vanguard Emerging Markets Government Bond Index Fund Institutional Shares) and SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) are both Government Bonds funds. Over the past 10 years, VGIVX returned 3.58%/yr vs 0.67%/yr for SXRM.DE. At a 0.37 correlation, their price movements are largely independent. VGIVX charges 0.18%/yr vs 0.07%/yr for SXRM.DE.
Performance
VGIVX vs. SXRM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGIVX achieves a 1.51% return, which is significantly higher than SXRM.DE's -0.59% return. Over the past 10 years, VGIVX has outperformed SXRM.DE with an annualized return of 3.58%, while SXRM.DE has yielded a comparatively lower 0.67% annualized return.
VGIVX
- 1D
- 0.45%
- 1M
- 0.71%
- YTD
- 1.51%
- 6M
- 2.06%
- 1Y
- 10.33%
- 3Y*
- 9.47%
- 5Y*
- 2.07%
- 10Y*
- 3.58%
SXRM.DE
- 1D
- 0.38%
- 1M
- 0.09%
- YTD
- -0.59%
- 6M
- 0.05%
- 1Y
- 4.19%
- 3Y*
- 2.95%
- 5Y*
- -1.07%
- 10Y*
- 0.67%
VGIVX vs. SXRM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 1.51% | 13.05% | 6.31% | 10.48% | -16.72% | -2.41% | 5.83% | 14.03% | -2.72% | 8.47% |
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.59% | 8.56% | -0.51% | 3.57% | -14.86% | -3.03% | 9.73% | 9.02% | 0.39% | 2.66% |
Correlation
The correlation between VGIVX and SXRM.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.37 |
Over the past year, VGIVX and SXRM.DE have become more correlated (0.60) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
VGIVX vs. SXRM.DE — Risk / Return Rank
VGIVX
SXRM.DE
VGIVX vs. SXRM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) and iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.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.
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.
| VGIVX | SXRM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.14 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 0.93 | +1.67 |
| Martin ratioReturn relative to average drawdown | 10.36 | 2.74 | +7.62 |
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Drawdowns
VGIVX vs. SXRM.DE - Drawdown Comparison
The maximum VGIVX drawdown since its inception was -26.79%, which is greater than SXRM.DE's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for VGIVX and SXRM.DE.
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Drawdown Indicators
| VGIVX | SXRM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.79% | -23.31% | -3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.02% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -7.14% | -7.24% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.79% | -20.90% | -5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -26.79% | -23.31% | -3.48% |
Current DrawdownCurrent decline from peak | -0.25% | -10.34% | +10.09% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -6.45% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.37% | -0.39% |
Volatility
VGIVX vs. SXRM.DE - Volatility Comparison
The current volatility for Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) is 1.51%, while iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) has a volatility of 1.86%. This indicates that VGIVX experiences smaller price fluctuations and is considered to be less risky than SXRM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGIVX | SXRM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.86% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.39% | 3.41% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.60% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 7.38% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 6.30% | +0.06% |
VGIVX vs. SXRM.DE - Expense Ratio Comparison
VGIVX has a 0.18% expense ratio, which is higher than SXRM.DE'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
VGIVX vs. SXRM.DE - Dividend Comparison
VGIVX's dividend yield for the trailing twelve months is around 5.89%, while SXRM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SXRM.DE iShares USD Treasury Bond 7-10yr 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% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 5.89% | 5.95% | 6.58% | 5.53% | 5.32% | 3.53% | 4.21% | 4.62% | 4.62% | 4.67% | 4.76% | 4.55% |
Frequently Asked Questions
VGIVX and SXRM.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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