VGVA.L vs. IGL5.L
VGVA.L (Vanguard UK Gilt UCITS ETF Accumulating) and IGL5.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Acc)) are both European Government Bonds funds - VGVA.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP while IGL5.L tracks the FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). Both are passively managed. Over the past 3 years, VGVA.L returned 2.10%/yr vs 4.23%/yr for IGL5.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
VGVA.L vs. IGL5.L - Performance Comparison
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Returns By Period
In the year-to-date period, VGVA.L achieves a -1.19% return, which is significantly lower than IGL5.L's 0.92% return.
VGVA.L
- 1D
- 0.28%
- 1M
- 1.61%
- YTD
- -1.19%
- 6M
- -1.36%
- 1Y
- 2.14%
- 3Y*
- 2.10%
- 5Y*
- -5.33%
- 10Y*
- —
IGL5.L
- 1D
- 0.09%
- 1M
- 0.61%
- YTD
- 0.92%
- 6M
- 0.63%
- 1Y
- 3.10%
- 3Y*
- 4.23%
- 5Y*
- —
- 10Y*
- —
VGVA.L vs. IGL5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | -1.19% | 4.03% | -3.61% | 7.52% |
IGL5.L iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) | 0.92% | 4.56% | 2.68% | 4.14% |
Correlation
The correlation between VGVA.L and IGL5.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.81 |
The correlation between VGVA.L and IGL5.L has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
VGVA.L vs. IGL5.L — Risk / Return Rank
VGVA.L
IGL5.L
VGVA.L vs. IGL5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.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.
| VGVA.L | IGL5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.30 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.63 | -1.26 |
| Martin ratioReturn relative to average drawdown | 1.00 | 5.55 | -4.55 |
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
| VGVA.L | IGL5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.48 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 1.88 | -2.13 |
Drawdowns
VGVA.L vs. IGL5.L - Drawdown Comparison
The maximum VGVA.L drawdown since its inception was -39.28%, which is greater than IGL5.L's maximum drawdown of -1.89%. Use the drawdown chart below to compare losses from any high point for VGVA.L and IGL5.L.
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Drawdown Indicators
| VGVA.L | IGL5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -1.89% | -37.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -1.89% | -3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -1.89% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | — | — |
Current DrawdownCurrent decline from peak | -31.00% | -0.64% | -30.36% |
Average DrawdownAverage peak-to-trough decline | -19.93% | -0.31% | -19.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.56% | +1.57% |
Volatility
VGVA.L vs. IGL5.L - Volatility Comparison
Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) has a higher volatility of 2.79% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Acc) (IGL5.L) at 0.70%. This indicates that VGVA.L's price experiences larger fluctuations and is considered to be riskier than IGL5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGVA.L | IGL5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 0.70% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 1.89% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.53% | 2.09% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.28% | 2.16% | +9.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.86% | 2.16% | +8.70% |
VGVA.L vs. IGL5.L - Expense Ratio Comparison
Both VGVA.L and IGL5.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VGVA.L vs. IGL5.L - Dividend Comparison
Neither VGVA.L nor IGL5.L has paid dividends to shareholders.
Frequently Asked Questions
VGVA.L and IGL5.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VGVA.L and IGL5.L have the same expense ratio: 0.07% per year.
VGVA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while IGL5.L tracks FTSE Actuaries UK Conventional Gilts up to 5 Years Index (GBP). They also come from different issuers: Vanguard and iShares.
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