VGOV.DE vs. SECD.DE
VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) and SECD.DE (iShares Euro Government Bond Climate UCITS ETF EUR Dist) are both European Government Bonds funds - VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while SECD.DE tracks the FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. Both are passively managed. Over the past 5 years, VGOV.DE returned -5.47%/yr vs -2.19%/yr for SECD.DE. A 0.72 correlation means they provide meaningful diversification when combined. VGOV.DE charges 0.07%/yr vs 0.09%/yr for SECD.DE.
Performance
VGOV.DE vs. SECD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGOV.DE achieves a -0.51% return, which is significantly lower than SECD.DE's 0.13% return.
VGOV.DE
- 1D
- 0.07%
- 1M
- 0.49%
- YTD
- -0.51%
- 6M
- -0.16%
- 1Y
- -0.62%
- 3Y*
- 2.00%
- 5Y*
- -5.47%
- 10Y*
- —
SECD.DE
- 1D
- 0.11%
- 1M
- -0.05%
- YTD
- 0.13%
- 6M
- 0.20%
- 1Y
- 0.36%
- 3Y*
- 2.34%
- 5Y*
- -2.19%
- 10Y*
- —
VGOV.DE vs. SECD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | -0.51% | 0.18% | -0.21% | 5.44% | -30.78% | 1.88% | 1.98% |
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 0.13% | 0.63% | 1.57% | 6.94% | -18.16% | -3.30% | 1.19% |
Correlation
The correlation between VGOV.DE and SECD.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2020 | 0.72 |
The correlation between VGOV.DE and SECD.DE has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.
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Return for Risk
VGOV.DE vs. SECD.DE — Risk / Return Rank
VGOV.DE
SECD.DE
VGOV.DE vs. SECD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) and iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.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.
| VGOV.DE | SECD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | -0.01 | -0.12 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.02 | -0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGOV.DE | SECD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | -0.01 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | -0.34 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | -0.38 | +0.25 |
Drawdowns
VGOV.DE vs. SECD.DE - Drawdown Comparison
The maximum VGOV.DE drawdown since its inception was -40.95%, which is greater than SECD.DE's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for VGOV.DE and SECD.DE.
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Drawdown Indicators
| VGOV.DE | SECD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.95% | -22.04% | -18.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.37% | -3.41% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -9.01% | -3.96% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -40.45% | -21.21% | -19.24% |
Current DrawdownCurrent decline from peak | -30.35% | -13.67% | -16.68% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -12.64% | -3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 1.33% | +1.02% |
Volatility
VGOV.DE vs. SECD.DE - Volatility Comparison
Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) has a higher volatility of 3.34% compared to iShares Euro Government Bond Climate UCITS ETF EUR Dist (SECD.DE) at 1.78%. This indicates that VGOV.DE's price experiences larger fluctuations and is considered to be riskier than SECD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGOV.DE | SECD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 1.78% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 3.63% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.99% | 4.34% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 6.28% | +6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 6.02% | +5.84% |
VGOV.DE vs. SECD.DE - Expense Ratio Comparison
VGOV.DE has a 0.07% expense ratio, which is lower than SECD.DE's 0.09% 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
VGOV.DE vs. SECD.DE - Dividend Comparison
VGOV.DE's dividend yield for the trailing twelve months is around 4.59%, more than SECD.DE's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SECD.DE iShares Euro Government Bond Climate UCITS ETF EUR Dist | 2.71% | 2.59% | 2.30% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.59% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 0.27% |
Frequently Asked Questions
VGOV.DE and SECD.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for SECD.DE.
VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while SECD.DE tracks FTSE Advanced Climate Risk-Adjusted European Monetary Union Government Bond. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VGOV.DE and 0.09% for SECD.DE.
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