- Issuer
- iShares
- Inception Date
- May 31, 2018
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc)
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
IGAA.L Performance Chart
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) (IGAA.L) is down 4.6% since the beginning of the year. IGAA.L is currently trading at $6 per share. Investors who bought $1,000 worth of IGAA.L shares 5 years ago would now be looking at an investment worth $991.
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Returns By Period
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) (IGAA.L) has returned -4.55% so far this year and -5.18% over the past 12 months.
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc)
- 1D
- -0.35%
- 1M
- -0.87%
- 6M
- -4.22%
- YTD
- -4.55%
- 1Y
- -5.18%
- 3Y*
- 1.27%
- 5Y*
- -0.18%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
IGAA.L Monthly Returns History
Based on dividend-adjusted daily data since May 31, 2018, IGAA.L's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.
Historically, 47% of months were positive and 53% were negative. The best month was Nov 2022 with a return of +6.7%, while the worst month was Mar 2020 at -6.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IGAA.L closed higher 39% of trading days. The best single day was Apr 8, 2026 with a return of +1.7%, while the worst single day was Mar 12, 2020 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.51% | 1.86% | -5.65% | 1.58% | -0.87% | -0.87% | 0.00% | -4.55% | |||||
| 2025 | 1.07% | -0.18% | 0.88% | 2.98% | 1.19% | 1.01% | -1.16% | 0.84% | -1.00% | -0.00% | -0.67% | 0.85% | 5.88% |
| 2024 | -2.17% | 0.00% | -0.18% | -2.96% | 1.15% | 1.13% | 2.80% | 4.36% | 3.65% | -4.53% | -0.18% | -1.23% | 1.45% |
| 2023 | 4.93% | -4.70% | 3.42% | -0.18% | -1.47% | -0.75% | 2.07% | -2.03% | -2.82% | -1.74% | 5.91% | 2.79% | 4.93% |
| 2022 | -1.40% | 0.35% | -2.29% | -4.15% | 0.19% | -3.20% | 1.36% | -1.34% | -6.21% | -1.24% | 6.71% | 3.54% | -8.03% |
| 2021 | -0.67% | -3.36% | -1.91% | 1.77% | 0.87% | -0.86% | -0.00% | 1.22% | -2.24% | -0.18% | 0.18% | 0.88% | -4.34% |
Benchmark Metrics
iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) has an annualized alpha of 0.28%, beta of 0.09, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since May 31, 2018.
- This ETF participated in 36.19% of S&P 500 Index downside but only 19.37% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 may look defensive, but with R2 of 0.08 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.08 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.28%
- Beta
- 0.09
- R²
- 0.08
- Upside Capture
- 19.37%
- Downside Capture
- 36.19%
Expense Ratio
IGAA.L has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IGAA.L ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) (IGAA.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGAA.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.31 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.35 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.62 | 10.19 | -11.81 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) was 21.59%, occurring on Oct 24, 2022. Recovery took 676 trading sessions.
The current iShares Emerging Asia Local Govt Bond UCITS ETF USD (Acc) drawdown is 5.97%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-21.59%Oct 2022 | 1y 9mo | 2y 8mo | 4y 5moJan 2021 - Jul 2025 | Bear market2022 |
-10.97%Mar 2020 | 18d | 4mo 6d | 4mo 24dMar 2020 - Jul 2020 | COVID crash2020 |
-6.63%Jun 2026 | 8mo 20d | — | 10mo 1dSep 2025 - now | — |
-5.54%Oct 2018 | 4mo 5d | 2mo 29d | 7mo 4dJun 2018 - Jan 2019 | Rate-hike selloffLate 2018 |
-3.47%May 2019 | 1mo 19d | 28d | 2mo 17dApr 2019 - Jun 2019 | — |
Drawdown Indicators
| IGAA.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -56.78% | +35.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -9.10% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.68% | -18.90% | +11.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.76% | -25.43% | +6.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.97% | -0.49% | -5.48% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -10.70% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.09% | +1.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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