XGLE.L vs. IGLS.L
XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) and IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) are both European Government Bonds funds - XGLE.L tracks the Bloomberg Euro Agg Govt TR EUR while IGLS.L tracks the FTSE Act UK Cnvt Gilts All Stocks TR GBP. Both are passively managed. Over the past 10 years, XGLE.L returned -0.38%/yr vs -0.11%/yr for IGLS.L. At a 0.16 correlation, their price movements are largely independent. XGLE.L charges 0.15%/yr vs 0.07%/yr for IGLS.L.
Performance
XGLE.L vs. IGLS.L - Performance Comparison
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Different Trading Currencies
XGLE.L is traded in EUR, while IGLS.L is traded in GBP. To make them comparable, the IGLS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
Over the past 10 years, XGLE.L has underperformed IGLS.L with an annualized return of -0.38%, while IGLS.L has yielded a comparatively higher -0.11% annualized return.
XGLE.L
- 1D
- -0.44%
- 1M
- 0.30%
- YTD
- -0.00%
- 6M
- -0.24%
- 1Y
- -0.20%
- 3Y*
- 2.18%
- 5Y*
- -2.30%
- 10Y*
- -0.38%
IGLS.L
- 1D
- -0.19%
- 1M
- 0.26%
- YTD
- 1.15%
- 6M
- 1.73%
- 1Y
- 0.37%
- 3Y*
- 3.99%
- 5Y*
- 1.19%
- 10Y*
- -0.11%
XGLE.L vs. IGLS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -0.00% | 0.57% | 1.68% | 6.80% | -18.23% | -3.63% | 4.76% | 6.62% | 0.78% | -0.04% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 1.15% | -0.23% | 7.60% | 6.40% | -9.37% | 4.71% | -4.02% | 7.48% | -1.10% | -4.30% |
Correlation
The correlation between XGLE.L and IGLS.L 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 | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2009 | 0.16 |
The correlation between XGLE.L and IGLS.L shifts across timeframes, from 0.16 (all time) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XGLE.L vs. IGLS.L — Risk / Return Rank
XGLE.L
IGLS.L
XGLE.L vs. IGLS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) and iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.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.
| XGLE.L | IGLS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.02 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.13 | -0.18 |
| Martin ratioReturn relative to average drawdown | -0.15 | 0.25 | -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
| XGLE.L | IGLS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.08 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.19 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | -0.02 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.20 | +0.21 |
Drawdowns
XGLE.L vs. IGLS.L - Drawdown Comparison
The maximum XGLE.L drawdown since its inception was -22.56%, smaller than the maximum IGLS.L drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for XGLE.L and IGLS.L.
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Drawdown Indicators
| XGLE.L | IGLS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.56% | -25.66% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -2.87% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -4.28% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -14.13% | -7.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.56% | -19.53% | -3.03% |
Current DrawdownCurrent decline from peak | -14.25% | -10.16% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -11.50% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.48% | -0.11% |
Volatility
XGLE.L vs. IGLS.L - Volatility Comparison
Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) has a higher volatility of 1.72% compared to iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) at 1.40%. This indicates that XGLE.L's price experiences larger fluctuations and is considered to be riskier than IGLS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGLE.L | IGLS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.40% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 3.18% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.22% | 4.48% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.18% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 7.22% | -1.88% |
XGLE.L vs. IGLS.L - Expense Ratio Comparison
XGLE.L has a 0.15% expense ratio, which is higher than IGLS.L's 0.07% 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
XGLE.L vs. IGLS.L - Dividend Comparison
XGLE.L has not paid dividends to shareholders, while IGLS.L's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.99% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGLE.L and IGLS.L 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, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.15% for XGLE.L.
XGLE.L tracks Bloomberg Euro Agg Govt TR EUR, while IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP. They also come from different issuers: DWS and iShares. Their fees differ too: 0.15% for XGLE.L and 0.07% for IGLS.L.
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