VGTY.DE vs. IBTM.L
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and IBTM.L (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both Government Bonds funds - VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while IBTM.L tracks the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 5 years, VGTY.DE returned 0.20%/yr vs 0.88%/yr for IBTM.L. Their correlation of 0.87 suggests significant overlap in exposure. VGTY.DE charges 0.05%/yr vs 0.07%/yr for IBTM.L.
Performance
VGTY.DE vs. IBTM.L - Performance Comparison
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Different Trading Currencies
VGTY.DE is traded in EUR, while IBTM.L is traded in GBP. To make them comparable, the IBTM.L 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 IBTM.L's 0.95% 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*
- —
IBTM.L
- 1D
- -0.09%
- 1M
- 1.34%
- YTD
- 0.95%
- 6M
- 0.38%
- 1Y
- 3.45%
- 3Y*
- 1.10%
- 5Y*
- 0.88%
- 10Y*
- 1.29%
VGTY.DE vs. IBTM.L - 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% |
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 0.95% | -3.06% | 7.51% | 0.59% | -9.31% | 5.08% | 0.67% | 13.01% | 6.02% | -2.31% |
Correlation
The correlation between VGTY.DE and IBTM.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.87 |
The correlation between VGTY.DE and IBTM.L has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
VGTY.DE vs. IBTM.L — Risk / Return Rank
VGTY.DE
IBTM.L
VGTY.DE vs. IBTM.L - 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 iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.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.
| VGTY.DE | IBTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.11 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.80 | -0.55 |
| Martin ratioReturn relative to average drawdown | 0.62 | 2.01 | -1.40 |
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 | IBTM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 0.60 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.09 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.46 | -0.33 |
Drawdowns
VGTY.DE vs. IBTM.L - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.97%, smaller than the maximum IBTM.L drawdown of -20.17%. Use the drawdown chart below to compare losses from any high point for VGTY.DE and IBTM.L.
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Drawdown Indicators
| VGTY.DE | IBTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -20.17% | +2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -4.45% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -10.24% | -0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -13.16% | -15.40% | +2.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.17% | — |
Current DrawdownCurrent decline from peak | -14.45% | -11.93% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -8.76% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.76% | -0.09% |
Volatility
VGTY.DE vs. IBTM.L - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) is 0.85%, while iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IBTM.L) has a volatility of 1.50%. This indicates that VGTY.DE experiences smaller price fluctuations and is considered to be less risky than IBTM.L 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 | IBTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.50% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 4.34% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 6.01% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.99% | 9.36% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.63% | 9.20% | -1.57% |
VGTY.DE vs. IBTM.L - Expense Ratio Comparison
VGTY.DE has a 0.05% expense ratio, which is lower than IBTM.L's 0.07% 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
VGTY.DE vs. IBTM.L - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 3.65%, less than IBTM.L's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTM.L iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 5.82% | 5.55% | 5.00% | 3.93% | 2.34% | 1.57% | 2.13% | 3.25% | 3.07% | 2.64% | 2.40% | 3.01% |
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 IBTM.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for IBTM.L.
VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while IBTM.L tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VGTY.DE and 0.07% for IBTM.L.
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