VUTY.L vs. VAGE.DE
VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) and VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) are both exchange-traded funds - VUTY.L is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index, while VAGE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, VUTY.L returned 0.61%/yr vs -1.52%/yr for VAGE.DE. At a 0.50 correlation, their price movements are largely independent. VUTY.L charges 0.05%/yr vs 0.10%/yr for VAGE.DE.
Performance
VUTY.L vs. VAGE.DE - Performance Comparison
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Different Trading Currencies
VUTY.L is traded in GBP, while VAGE.DE is traded in EUR. To make them comparable, the VAGE.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUTY.L achieves a -0.16% return, which is significantly higher than VAGE.DE's -1.40% return.
VUTY.L
- 1D
- 0.07%
- 1M
- 0.78%
- YTD
- -0.16%
- 6M
- -0.78%
- 1Y
- 4.55%
- 3Y*
- 0.23%
- 5Y*
- 0.61%
- 10Y*
- 1.68%
VAGE.DE
- 1D
- 0.17%
- 1M
- 0.01%
- YTD
- -1.40%
- 6M
- -1.48%
- 1Y
- 3.87%
- 3Y*
- 2.20%
- 5Y*
- -1.52%
- 10Y*
- —
VUTY.L vs. VAGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | -0.16% | -1.13% | 2.55% | -1.94% | -1.87% | -1.11% | 3.99% | -2.24% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -1.40% | 8.63% | -3.66% | 2.40% | -10.08% | -9.66% | 10.78% | -3.58% |
Correlation
The correlation between VUTY.L and VAGE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.50 |
The correlation between VUTY.L and VAGE.DE shifts across timeframes, from 0.35 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VUTY.L vs. VAGE.DE — Risk / Return Rank
VUTY.L
VAGE.DE
VUTY.L vs. VAGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE). 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.
| VUTY.L | VAGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.91 | -0.08 |
| Martin ratioReturn relative to average drawdown | 1.98 | 2.17 | -0.19 |
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
| VUTY.L | VAGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.73 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.22 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | -0.17 | +0.29 |
Drawdowns
VUTY.L vs. VAGE.DE - Drawdown Comparison
The maximum VUTY.L drawdown since its inception was -22.63%, roughly equal to the maximum VAGE.DE drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for VUTY.L and VAGE.DE.
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Drawdown Indicators
| VUTY.L | VAGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.63% | -23.70% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.25% | -4.28% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -8.27% | -4.99% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -16.17% | -17.96% | +1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -22.63% | — | — |
Current DrawdownCurrent decline from peak | -17.85% | -15.75% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -12.63% | -14.02% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.79% | +0.41% |
Volatility
VUTY.L vs. VAGE.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) is 1.43%, while Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a volatility of 1.74%. This indicates that VUTY.L experiences smaller price fluctuations and is considered to be less risky than VAGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUTY.L | VAGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.74% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 3.92% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.36% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 6.73% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.00% | 7.29% | +2.71% |
VUTY.L vs. VAGE.DE - Expense Ratio Comparison
VUTY.L has a 0.05% expense ratio, which is lower than VAGE.DE'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%.
Dividends
VUTY.L vs. VAGE.DE - Dividend Comparison
VUTY.L's dividend yield for the trailing twelve months is around 4.27%, more than VAGE.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.60% | 3.51% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% | 0.00% | 0.00% | 0.00% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.27% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% |
Frequently Asked Questions
VUTY.L and VAGE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.10% for VAGE.DE.
VUTY.L is categorized as Government Bonds, while VAGE.DE is Global Bonds. VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Their fees differ too: 0.05% for VUTY.L and 0.10% for VAGE.DE.
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