VGOV.L vs. INXG.L
Compare and contrast key facts about Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) and iShares £ Index-Linked Gilts UCITS ETF (INXG.L).
VGOV.L and INXG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGOV.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 22, 2012. INXG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg UK Government Inflation-Linked Bond Index. It was launched on Dec 1, 2006. Both VGOV.L and INXG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGOV.L or INXG.L.
Key characteristics
| VGOV.L | INXG.L | |
|---|---|---|
| YTD Return | -3.68% | -5.31% |
| 1Y Return | 3.53% | 1.66% |
| 3Y Return (Ann) | -10.10% | -15.15% |
| 5Y Return (Ann) | -5.67% | -6.54% |
| 10Y Return (Ann) | -0.35% | 0.19% |
| Sharpe Ratio | 0.42 | 0.14 |
| Sortino Ratio | 0.66 | 0.28 |
| Omega Ratio | 1.08 | 1.03 |
| Calmar Ratio | 0.10 | 0.04 |
| Martin Ratio | 0.99 | 0.32 |
| Ulcer Index | 3.57% | 5.12% |
| Daily Std Dev | 8.48% | 12.37% |
| Max Drawdown | -39.28% | -50.87% |
| Current Drawdown | -32.62% | -41.65% |
Correlation
The correlation between VGOV.L and INXG.L is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VGOV.L vs. INXG.L - Performance Comparison
In the year-to-date period, VGOV.L achieves a -3.68% return, which is significantly higher than INXG.L's -5.31% return. Over the past 10 years, VGOV.L has underperformed INXG.L with an annualized return of -0.35%, while INXG.L has yielded a comparatively higher 0.19% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VGOV.L vs. INXG.L - Expense Ratio Comparison
VGOV.L has a 0.07% expense ratio, which is lower than INXG.L's 0.10% 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%.
Risk-Adjusted Performance
VGOV.L vs. INXG.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) and iShares £ Index-Linked Gilts UCITS ETF (INXG.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.
Dividends
VGOV.L vs. INXG.L - Dividend Comparison
VGOV.L's dividend yield for the trailing twelve months is around 4.03%, more than INXG.L's 2.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | 4.03% | 3.16% | 1.87% | 1.09% | 1.16% | 1.38% | 1.57% | 1.62% | 1.62% | 1.92% | 2.05% | 1.90% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 2.39% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% | 2.35% | 2.75% |
Drawdowns
VGOV.L vs. INXG.L - Drawdown Comparison
The maximum VGOV.L drawdown since its inception was -39.28%, smaller than the maximum INXG.L drawdown of -50.87%. Use the drawdown chart below to compare losses from any high point for VGOV.L and INXG.L. For additional features, visit the drawdowns tool.
Volatility
VGOV.L vs. INXG.L - Volatility Comparison
The current volatility for Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) is 2.64%, while iShares £ Index-Linked Gilts UCITS ETF (INXG.L) has a volatility of 2.92%. This indicates that VGOV.L experiences smaller price fluctuations and is considered to be less risky than INXG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.