VGTY.DE vs. BLV
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and BLV (Vanguard Long-Term Bond ETF) are both exchange-traded funds - VGTY.DE is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index, while BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index. Both are passively managed. Over the past 5 years, VGTY.DE returned 0.20%/yr vs -2.40%/yr for BLV. A 0.64 correlation means they provide meaningful diversification when combined. VGTY.DE charges 0.05%/yr vs 0.03%/yr for BLV.
Performance
VGTY.DE vs. BLV - Performance Comparison
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Different Trading Currencies
VGTY.DE is traded in EUR, while BLV is traded in USD. To make them comparable, the BLV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGTY.DE achieves a 0.80% return, which is significantly lower than BLV's 1.62% return.
VGTY.DE
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 0.80%
- 6M
- 0.01%
- 1Y
- 1.03%
- 3Y*
- -0.33%
- 5Y*
- 0.20%
- 10Y*
- —
BLV
- 1D
- 0.05%
- 1M
- 1.42%
- YTD
- 1.62%
- 6M
- -0.04%
- 1Y
- 3.67%
- 3Y*
- -0.54%
- 5Y*
- -2.40%
- 10Y*
- 0.82%
VGTY.DE vs. BLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 0.80% | -5.99% | 6.16% | 0.04% | -6.98% | 5.64% | -2.09% | 9.36% | 5.00% | -2.11% |
BLV Vanguard Long-Term Bond ETF | 1.62% | -6.20% | 2.71% | 4.13% | -22.42% | 4.37% | 6.56% | 21.68% | 0.33% | 0.70% |
Correlation
The correlation between VGTY.DE and BLV is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.64 |
The correlation between VGTY.DE and BLV has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
VGTY.DE vs. BLV — Risk / Return Rank
VGTY.DE
BLV
VGTY.DE vs. BLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) and Vanguard Long-Term Bond ETF (BLV). 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.
| VGTY.DE | BLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.64 | -0.38 |
| Martin ratioReturn relative to average drawdown | 0.62 | 1.42 | -0.80 |
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
| VGTY.DE | BLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.44 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | -0.18 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.36 | -0.23 |
Drawdowns
VGTY.DE vs. BLV - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.97%, smaller than the maximum BLV drawdown of -32.90%. Use the drawdown chart below to compare losses from any high point for VGTY.DE and BLV.
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Drawdown Indicators
| VGTY.DE | BLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -32.90% | +14.93% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -5.79% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -14.99% | +3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -13.16% | -31.85% | +18.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.90% | — |
Current DrawdownCurrent decline from peak | -14.45% | -24.70% | +10.25% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -11.32% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.61% | -0.94% |
Volatility
VGTY.DE vs. BLV - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) is 0.85%, while Vanguard Long-Term Bond ETF (BLV) has a volatility of 1.82%. This indicates that VGTY.DE experiences smaller price fluctuations and is considered to be less risky than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGTY.DE | BLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.82% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 6.16% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 8.34% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.99% | 13.29% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 12.70% | -5.07% |
VGTY.DE vs. BLV - Expense Ratio Comparison
VGTY.DE has a 0.05% expense ratio, which is higher than BLV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGTY.DE vs. BLV - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 3.65%, less than BLV's 4.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLV Vanguard Long-Term Bond ETF | 4.79% | 4.67% | 5.09% | 4.06% | 4.17% | 3.37% | 6.12% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.65% | 3.99% | 3.65% | 3.21% | 2.05% | 0.99% | 1.48% | 2.10% | 1.94% | 0.26% | 0.00% | 0.00% |
Frequently Asked Questions
VGTY.DE and BLV have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BLV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BLV is cheaper with a 0.03% expense ratio, compared with 0.05% for VGTY.DE.
VGTY.DE is categorized as Government Bonds, while BLV is Long-Term Bond. VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while BLV tracks Bloomberg U.S. Long Government/Credit Float Adjusted Index. Their fees differ too: 0.05% for VGTY.DE and 0.03% for BLV.
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