VGOV.DE vs. SYBG.DE
VGOV.DE (Vanguard UK Gilt UCITS ETF Distributing) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - VGOV.DE tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 10 years, VGOV.DE returned -0.07%/yr vs -1.64%/yr for SYBG.DE. A 0.69 correlation means they provide meaningful diversification when combined. VGOV.DE charges 0.07%/yr vs 0.15%/yr for SYBG.DE.
Performance
VGOV.DE vs. SYBG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VGOV.DE achieves a 1.59% return, which is significantly lower than SYBG.DE's 1.73% return. Over the past 10 years, VGOV.DE has outperformed SYBG.DE with an annualized return of -0.07%, while SYBG.DE has yielded a comparatively lower -1.64% annualized return.
VGOV.DE
- 1D
- -0.05%
- 1M
- 2.01%
- YTD
- 1.59%
- 6M
- 2.03%
- 1Y
- 1.68%
- 3Y*
- 2.47%
- 5Y*
- -5.17%
- 10Y*
- -0.07%
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
VGOV.DE vs. SYBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 1.59% | 0.16% | -0.17% | 5.43% | -30.79% | 1.90% | 2.83% | 13.98% | -1.23% | 14.98% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.08% | -1.95% |
Correlation
The correlation between VGOV.DE and SYBG.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.69 |
Over the past year, VGOV.DE and SYBG.DE have become more correlated (0.98) than their long-term average of 0.69, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VGOV.DE vs. SYBG.DE — Risk / Return Rank
VGOV.DE
SYBG.DE
VGOV.DE vs. SYBG.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 SPDR Bloomberg UK Gilt UCITS ETF (SYBG.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.
| VGOV.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.33 | -0.01 |
| Martin ratioReturn relative to average drawdown | 0.73 | 0.77 | -0.03 |
Loading charts...
Drawdowns
VGOV.DE vs. SYBG.DE - Drawdown Comparison
The maximum VGOV.DE drawdown since its inception was -40.96%, which is greater than SYBG.DE's maximum drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for VGOV.DE and SYBG.DE.
Loading charts...
Drawdown Indicators
| VGOV.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.96% | -36.66% | -4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -5.42% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -8.78% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -40.46% | -36.25% | -4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -40.96% | -36.66% | -4.30% |
Current DrawdownCurrent decline from peak | -28.88% | -26.43% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -13.42% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.08% | +0.01% |
Volatility
VGOV.DE vs. SYBG.DE - Volatility Comparison
Vanguard UK Gilt UCITS ETF Distributing (VGOV.DE) and SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) have volatilities of 1.74% and 1.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VGOV.DE | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.73% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 6.16% | 6.10% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.11% | 8.13% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 11.76% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.04% | 13.84% | -1.80% |
VGOV.DE vs. SYBG.DE - Expense Ratio Comparison
VGOV.DE has a 0.07% expense ratio, which is lower than SYBG.DE's 0.15% 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. SYBG.DE - Dividend Comparison
VGOV.DE's dividend yield for the trailing twelve months is around 4.45%, more than SYBG.DE's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
VGOV.DE Vanguard UK Gilt UCITS ETF Distributing | 4.45% | 4.59% | 4.08% | 3.17% | 1.94% | 1.07% | 1.18% | 1.34% | 1.60% | 1.64% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, VGOV.DE and SYBG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.15% for SYBG.DE.
VGOV.DE tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.07% for VGOV.DE and 0.15% for SYBG.DE.
Find the right allocation for VGOV.DE and SYBG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer