VGOV.L vs. SEGA.L
VGOV.L (Vanguard UK Gilt UCITS ETF Distributing) and SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - VGOV.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while SEGA.L tracks the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, VGOV.L returned -1.29%/yr vs 0.52%/yr for SEGA.L. A 0.51 correlation means they provide meaningful diversification when combined. VGOV.L charges 0.07%/yr vs 0.09%/yr for SEGA.L.
Performance
VGOV.L vs. SEGA.L - Performance Comparison
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Returns By Period
In the year-to-date period, VGOV.L achieves a -1.28% return, which is significantly higher than SEGA.L's -2.14% return. Over the past 10 years, VGOV.L has underperformed SEGA.L with an annualized return of -1.29%, while SEGA.L has yielded a comparatively higher 0.52% 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%
SEGA.L
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- -2.14%
- 6M
- -2.17%
- 1Y
- 1.39%
- 3Y*
- 2.02%
- 5Y*
- -2.37%
- 10Y*
- 0.52%
VGOV.L vs. SEGA.L - 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% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | -2.14% | 5.88% | -2.94% | 4.76% | -13.69% | -9.85% | 10.69% | 1.45% | 1.62% | 3.47% |
Correlation
The correlation between VGOV.L and SEGA.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 25, 2012 | 0.51 |
The correlation between VGOV.L and SEGA.L shifts across timeframes, from 0.51 (all time) to 0.63 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VGOV.L vs. SEGA.L — Risk / Return Rank
VGOV.L
SEGA.L
VGOV.L vs. SEGA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) and iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.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.
| VGOV.L | SEGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 0.27 | +0.09 |
| Martin ratioReturn relative to average drawdown | 0.96 | 0.57 | +0.39 |
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.L | SEGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.25 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | -0.32 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.13 | 0.06 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.16 | -0.12 |
Drawdowns
VGOV.L vs. SEGA.L - Drawdown Comparison
The maximum VGOV.L drawdown since its inception was -39.28%, which is greater than SEGA.L's maximum drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for VGOV.L and SEGA.L.
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Drawdown Indicators
| VGOV.L | SEGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -26.75% | -12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.74% | -5.13% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -7.98% | -6.26% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -37.38% | -20.85% | -16.53% |
Max Drawdown (10Y)Largest decline over 10 years | -39.28% | -26.75% | -12.53% |
Current DrawdownCurrent decline from peak | -30.74% | -19.89% | -10.85% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -10.41% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.42% | -0.26% |
Volatility
VGOV.L vs. SEGA.L - Volatility Comparison
Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) has a higher volatility of 2.69% compared to iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) at 1.77%. This indicates that VGOV.L's price experiences larger fluctuations and is considered to be riskier than SEGA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGOV.L | SEGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 1.77% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 5.24% | 4.34% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 5.55% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.44% | 7.48% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.15% | 8.50% | +1.65% |
VGOV.L vs. SEGA.L - Expense Ratio Comparison
VGOV.L has a 0.07% expense ratio, which is lower than SEGA.L'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.L vs. SEGA.L - Dividend Comparison
VGOV.L's dividend yield for the trailing twelve months is around 4.61%, more than SEGA.L's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 1.19% | 2.25% | 1.82% | 0.97% | 0.26% | 0.25% | 0.45% | 0.68% | 0.65% | 0.69% | 0.86% | 0.60% |
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
VGOV.L and SEGA.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGOV.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGOV.L is cheaper with a 0.07% expense ratio, compared with 0.09% for SEGA.L.
VGOV.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while SEGA.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VGOV.L and 0.09% for SEGA.L.
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