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iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) Alternatives

ETF · Currency in EUR · Last updated Jun 5, 2026

The ETF aims to mirror the performance of the Barclays Global Government AAA-AA Capped Bond Index, focusing on delivering a total return through capital and income gains for investors.

iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) belongs to the Global Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with IS0Z.DE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to IS0Z.DE

IS0Z.DE charges 0.20% annually. There are 19 ETFs in the Global Bonds category with lower expense ratios, going as low as 0.05%.

SymbolNameExpense RatioAUMInception
PRAG.DE
Amundi Prime Global Govies UCITS ETF0.05%—Jan 2020IS0Z.DE vs PRAG.DE
EUNA.DE
iShares Core Global Aggregate Bond UCITS ETF (EUR ...0.10%—Nov 2017IS0Z.DE vs EUNA.DE
VAGE.DE
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedg...0.10%—Jun 2019IS0Z.DE vs VAGE.DE
VAGF.DE
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedg...0.10%—Jun 2019IS0Z.DE vs VAGF.DE
EUNU.DE
iShares Core Global Aggregate Bond UCITS ETF USD (...0.10%—Nov 2017IS0Z.DE vs EUNU.DE

Best Risk-Adjusted Alternatives to IS0Z.DE

IS0Z.DE has a PortfoliosLab risk / return rank of 10. There are 13 ETFs in the Global Bonds category with higher risk-adjusted ranks, going as high as 32.

SymbolNameRisk / Return RankAUMInception
SPFV.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF USD...
32
—Oct 2019IS0Z.DE vs SPFV.DE
SPFB.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP...
31
—Feb 2018IS0Z.DE vs SPFB.DE
AHYB.DE
Amundi Global Aggregate SRI UCITS ETF Hedged USD
21
—Jun 2022IS0Z.DE vs AHYB.DE
AHYA.DE
Amundi Index J.P. Morgan GBI Global Govies UCITS E...
18
—Jun 2022IS0Z.DE vs AHYA.DE
AHYH.DE
Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged E...
16
—Sep 2022IS0Z.DE vs AHYH.DE

Top Performing IS0Z.DE Alternatives (YTD)

IS0Z.DE is at 1.29% YTD. There is 1 ETF in the Global Bonds category with a higher YTD return, going as high as 1.31%.

SymbolNameYTD ReturnAUMInception
HGGA.DE
HSBC Bloomberg Global Sustainable Aggregate 1-3 Ye...
1.31%
—Dec 2021IS0Z.DE vs HGGA.DE
10AM.DE
AMUNDI GLOBAL AGGREGATE BOND UCITS ETF Dist
1.19%
—Dec 2017IS0Z.DE vs 10AM.DE
SYBZ.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF
0.96%
—Jan 2018IS0Z.DE vs SYBZ.DE
AHYF.DE
Amundi Global Aggregate SRI 1-5 UCITS ETF USD
0.87%
—Jun 2022IS0Z.DE vs AHYF.DE
SPFB.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP...
0.61%
—Feb 2018IS0Z.DE vs SPFB.DE

Lowest Volatility Alternatives to IS0Z.DE

IS0Z.DE has 3.82% 1-year volatility. There are 20 ETFs in the Global Bonds category with lower 1-year volatility, going as low as 2.27%.

SymbolNameVolatility 1YAUMInception
AHYH.DE
Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged E...2.27%—Sep 2022IS0Z.DE vs AHYH.DE
SPFV.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF USD...2.93%—Oct 2019IS0Z.DE vs SPFV.DE
SPFB.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP...3.01%—Feb 2018IS0Z.DE vs SPFB.DE
AHYF.DE
Amundi Global Aggregate SRI 1-5 UCITS ETF USD3.21%—Jun 2022IS0Z.DE vs AHYF.DE
SPFE.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR...3.23%—Feb 2018IS0Z.DE vs SPFE.DE

Lowest Drawdown Alternatives to IS0Z.DE

IS0Z.DE has a 1-year max drawdown of -2.50%. There are 9 ETFs in the Global Bonds category with shallower 1-year drawdowns, going as shallow as -1.59%.

SymbolNameMax Drawdown 1YAUMInception
AHYH.DE
Amundi Global Aggregate SRI 1-5 UCITS ETF Hedged E...
-1.59%
—Sep 2022IS0Z.DE vs AHYH.DE
AHYF.DE
Amundi Global Aggregate SRI 1-5 UCITS ETF USD
-1.78%
—Jun 2022IS0Z.DE vs AHYF.DE
HGGA.DE
HSBC Bloomberg Global Sustainable Aggregate 1-3 Ye...
-2.04%
—Dec 2021IS0Z.DE vs HGGA.DE
SPFB.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP...
-2.31%
—Feb 2018IS0Z.DE vs SPFB.DE
SYBZ.DE
SPDR Bloomberg Global Aggregate Bond UCITS ETF
-2.33%
—Jan 2018IS0Z.DE vs SYBZ.DE

Other ETFs from iShares

The 10 most viewed iShares ETFs shown here include SXR8.DE, QDVE.DE, SXRV.DE and span 7 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
SXR8.DE
iShares Core S&P 500 UCITS ETF USD (Acc)S&P 500
69
11.37%
—May 2010IS0Z.DE vs SXR8.DE
QDVE.DE
iShares S&P 500 Information Technology Sector UCIT...Technology Equities, S&P 500
65
24.06%
—Nov 2015IS0Z.DE vs QDVE.DE
SXRV.DE
iShares NASDAQ 100 UCITS ETF USD (Acc)Nasdaq-100
71
20.57%
—Jan 2010IS0Z.DE vs SXRV.DE
EUNL.DE
iShares Core MSCI World UCITS ETF USD (Acc)Global Equities
70
10.86%
—Sep 2009IS0Z.DE vs EUNL.DE
IUSQ.DE
iShares MSCI ACWI UCITS ETF (Acc)Global Equities
76
12.65%
—Oct 2011IS0Z.DE vs IUSQ.DE
SEC0.DE
iShares MSCI Global Semiconductors UCITS ETF USD (...Semiconductors, Technology Equities
97
98.10%
—Aug 2021IS0Z.DE vs SEC0.DE
NQSE.DE
iShares NASDAQ 100 UCITS ETFNasdaq-100
66
17.82%
—Jan 2010IS0Z.DE vs NQSE.DE
IS3N.DE
iShares Core MSCI Emerging Markets IMI UCITS ETF (...Emerging Markets Equities
82
25.82%
—May 2014IS0Z.DE vs IS3N.DE
ISPA.DE
iShares STOXX Global Select Dividend 100 UCITS ETF...Global Equities, Dividend
93
13.48%
—Sep 2009IS0Z.DE vs ISPA.DE
IS3Q.DE
iShares Edge MSCI World Quality Factor UCITS ETF (...Global Equities
57
9.47%
—Oct 2014IS0Z.DE vs IS3Q.DE

Often Compared With IS0Z.DE

Investors most often compare IS0Z.DE with DBZB.DE, SHY, GLD. These 18 comparison targets span 7 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
DBZB.DE
Xtrackers II Global Government Bond UCITS ETF EUR ...Global Bonds
9
-0.71%
—Oct 2008IS0Z.DE vs DBZB.DE
SHY
iShares 1-3 Year Treasury Bond ETFGovernment Bonds, Short-Term Bond
79
0.50%
25.43BJul 2002IS0Z.DE vs SHY
GLD
SPDR Gold SharesGold, Precious Metals
34
3.77%
150.37BNov 2004IS0Z.DE vs GLD
AGGU.L
iShares Core Global Aggregate Bond UCITS ETFGlobal Bonds
30
0.36%
3.98BNov 2017IS0Z.DE vs AGGU.L
DODGX
Dodge & Cox Stock Fund Class ILarge Cap Value Equities
17
2.62%
—Jan 1965IS0Z.DE vs DODGX
HYG
iShares iBoxx $ High Yield Corporate Bond ETFHigh Yield Bonds
57
1.51%
16.11BApr 2007IS0Z.DE vs HYG
10AK.DE
Amundi Index J.P. Morgan GBI Global Govies UCITS E...Global Bonds
4
0.09%
—Feb 2018IS0Z.DE vs 10AK.DE
XGVC.DE
Xtrackers II ESG Global Government Bond UCITS ETFGlobal Bonds
5
0.30%
—Jun 2022IS0Z.DE vs XGVC.DE
XBAG.DE
Xtrackers II ESG Global Aggregate Bond UCITS ETF 1...Global Bonds
8
0.49%
—Mar 2014IS0Z.DE vs XBAG.DE
XZWG.DE
Xtrackers II ESG Global Government Bond UCITS ETFGlobal Bonds
5
0.27%
—Dec 2021IS0Z.DE vs XZWG.DE
EUN3.DE
iShares Global Government Bond UCITS ETF USD (Dist...Global Bonds
3
-1.67%
—Mar 2009IS0Z.DE vs EUN3.DE
XG7S.DE
Xtrackers Global Government Bond UCITS ETF 5CGlobal Bonds
5
0.23%
—Aug 2013IS0Z.DE vs XG7S.DE
AEGE.DE
iShares Global Aggregate Bond ESG UCITS ETF (EUR H...Global Bonds
13
-0.17%
—Aug 2021IS0Z.DE vs AEGE.DE
8OUU.DE
Amundi Global Aggregate SRI UCITS ETFGlobal Bonds
6
0.38%
—Mar 2022IS0Z.DE vs 8OUU.DE
AHYD.DE
Amundi Global Aggregate SRI UCITS ETF Hedged EURGlobal Bonds
11
-0.33%
—Jun 2022IS0Z.DE vs AHYD.DE
XBAE.DE
Xtrackers II ESG Global Aggregate Bond UCITS ETF 5...Global Bonds
12
-0.55%
—Mar 2014IS0Z.DE vs XBAE.DE
XGVD.DE
Xtrackers Global Government Bond UCITS ETF EUR hed...Global Bonds
8
-0.89%
—Nov 2011IS0Z.DE vs XGVD.DE
XZEG.DE
Xtrackers II ESG Global Government Bond UCITS ETF ...Global Bonds
7
-0.85%
—Dec 2021IS0Z.DE vs XZEG.DE

Compare IS0Z.DE with Any Fund or Stock

Compare IS0Z.DE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair IS0Z.DE with funds that move differently

iShares Global AAA-AA Government Bond UCITS ETF (Dist) alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to IS0Z.DE.

Explore IS0Z.DE Diversifiers