VGOV.L vs. ECPG

Last updated Jun 5, 2026

VGOV.L (Vanguard UK Gilt UCITS ETF Distributing) is European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while ECPG (Encore Capital Group, Inc.) is a stock. Over the past 10 years, VGOV.L returned -1.29%/yr vs 12.31%/yr for ECPG. At a correlation of -0.05, they often move in opposite directions.

Performance

VGOV.L vs. ECPG - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) and Encore Capital Group, Inc. (ECPG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGOV.L is traded in GBP, while ECPG is traded in USD. To make them comparable, the ECPG values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VGOV.L achieves a -1.28% return, which is significantly lower than ECPG's 48.90% return. Over the past 10 years, VGOV.L has underperformed ECPG with an annualized return of -1.29%, while ECPG has yielded a comparatively higher 12.31% annualized return.

VGOV.L

• 1D: 0.28%
• 1M: 1.61%
• YTD: -1.28%
• 6M: -1.26%
• 1Y: 2.08%
• 3Y*: 2.10%
• 5Y*: -5.33%
• 10Y*: -1.29%

ECPG

• 1D: 3.32%
• 1M: -3.64%
• YTD: 48.90%
• 6M: 50.85%
• 1Y: 112.54%
• 3Y*: 17.66%
• 5Y*: 12.42%
• 10Y*: 12.31%

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

VGOV.L vs. ECPG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGOV.L Vanguard UK Gilt UCITS ETF Distributing	-1.28%	4.78%	-4.30%	3.32%	-27.01%	-5.37%	9.32%	7.65%	0.35%	1.90%
ECPG Encore Capital Group, Inc.	48.90%	5.67%	-4.23%	0.57%	-13.64%	60.97%	6.92%	44.74%	-40.87%	34.24%

Correlation

The correlation between VGOV.L and ECPG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	-0.03
Correlation (All Time) Calculated using the full available price history since May 24, 2012	-0.05

The correlation between VGOV.L and ECPG shifts across timeframes, from -0.05 (all time) to 0.06 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

VGOV.L vs. ECPG — Risk / Return Rank

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

VGOV.L

VGOV.L Risk / Return Rank: 13
VGOV.L Sharpe Ratio Rank: 14
VGOV.L Sortino Ratio Rank: 13
VGOV.L Omega Ratio Rank: 13
VGOV.L Calmar Ratio Rank: 14
VGOV.L Martin Ratio Rank: 14

ECPG

ECPG Risk / Return Rank: 95
ECPG Sharpe Ratio Rank: 95
ECPG Sortino Ratio Rank: 94
ECPG Omega Ratio Rank: 92
ECPG Calmar Ratio Rank: 97
ECPG Martin Ratio Rank: 97

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.

VGOV.L vs. ECPG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) and Encore Capital Group, Inc. (ECPG). 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.L	ECPG	Difference
Sharpe ratio: Return per unit of total volatility	0.32	3.32	-3.00
Sortino ratio: Return per unit of downside risk	0.48	3.94	-3.46
Omega ratio: Gain probability vs. loss probability	1.06	1.50	-0.44
Calmar ratio: Return relative to maximum drawdown	0.36	9.91	-9.55
Martin ratio: Return relative to average drawdown	0.96	28.21	-27.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGOV.L vs. ECPG - Sharpe Ratio Comparison

The current VGOV.L Sharpe Ratio is 0.32, which is lower than the ECPG Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of VGOV.L and ECPG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VGOV.L	ECPG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.32	3.32	-3.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	0.33	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	0.26	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.25	-0.22

Drawdowns

VGOV.L vs. ECPG - Drawdown Comparison

The maximum VGOV.L drawdown since its inception was -39.28%, smaller than the maximum ECPG drawdown of -73.82%. Use the drawdown chart below to compare losses from any high point for VGOV.L and ECPG.

Drawdown Indicators

	VGOV.L	ECPG	Difference
Max Drawdown Largest peak-to-trough decline	-39.28%	-73.82%	+34.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.74%	-11.42%	+5.68%
Max Drawdown (3Y) Largest decline over 3 years	-7.98%	-49.75%	+41.77%
Max Drawdown (5Y) Largest decline over 5 years	-37.38%	-64.28%	+26.90%
Max Drawdown (10Y) Largest decline over 10 years	-39.28%	-64.28%	+25.00%
Current Drawdown Current decline from peak	-30.74%	-3.81%	-26.93%
Average Drawdown Average peak-to-trough decline	-12.39%	-23.05%	+10.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	4.01%	-1.85%

Volatility

VGOV.L vs. ECPG - Volatility Comparison

The current volatility for Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) is 2.69%, while Encore Capital Group, Inc. (ECPG) has a volatility of 8.36%. This indicates that VGOV.L experiences smaller price fluctuations and is considered to be less risky than ECPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGOV.L	ECPG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	8.36%	-5.67%
Volatility (6M) Calculated over the trailing 6-month period	5.24%	20.93%	-15.69%
Volatility (1Y) Calculated over the trailing 1-year period	6.47%	34.06%	-27.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	37.63%	-26.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.15%	47.69%	-37.54%

Dividends

VGOV.L vs. ECPG - Dividend Comparison

VGOV.L's dividend yield for the trailing twelve months is around 4.61%, while ECPG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECPG Encore Capital Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGOV.L Vanguard UK Gilt UCITS ETF Distributing	4.61%	4.51%	4.14%	3.16%	1.87%	1.09%	1.16%	1.38%	1.57%	1.62%	1.62%	1.92%

Frequently Asked Questions

Can I hold both VGOV.L and ECPG in my portfolio?

VGOV.L and ECPG have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.