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iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA.L) Sortino Ratio: 1.70

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

iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA) provides exposure to the broad U.S. investment-grade bond market — including U.S. Treasuries, government-related debt, mortgage- and other asset-backed securities, and investment-grade corporates — with currency exposure hedged back to the British pound. The fund tracks the Bloomberg US Aggregate Bond (GBP Hedged) Index using sampling replication and pays semi-annual distributions. Domiciled in Ireland and managed by BlackRock under the iShares brand, IUGA is listed on the London Stock Exchange and is intended for sterling-based investors seeking core U.S. fixed income exposure without USD currency risk.

IUGA.L's Sortino Ratio of 1.70 indicates that for each unit of downside volatility, it generates 1.70 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.

IUGA.L Sortino Ratio Rank

IUGA.L Sortino Ratio Rank: 32.533
Below Average

IUGA.L ranks above 32.5% of all investments in our database based on Sortino Ratio over the past 12 months, indicating below-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with minimal downside volatility → Higher rank
  • Severe or frequent drawdowns → Lower rank
  • Upside volatility → No impact (Sortino doesn't penalize upside swings)

What you can do with this information

  • Returns may not adequately compensate for downside risk taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better downside protection
  • Assess whether downside exposure aligns with your portfolio goals

IUGA.L Sortino Ratio Market Positioning

The chart shows IUGA.L's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.

  • Red zone (bottom 25%): 1.32 or lower
  • Yellow zone (middle 50%): 1.32 to 3.32
  • Green zone (top 25%): 3.32 or higher
  • Top 1%: 12.96+
  • Median: 2.40 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist)'s Sortino Ratio with other ETFs in the Intermediate Core Bond, Total Bond Market category across multiple time periods, showing how IUGA.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
IUAA.LiShares US Aggregate Bond UCITS ETF USD Acc1.76
IUGA.LiShares US Aggregate Bond UCITS ETF GBP Hedged (Dist)1.70
IUAG.LiShares US Aggregate Bond UCITS ETF USD Distributing1.62
IGTM.LiShares USD Treasury Bond 7-10 Year UCITS ETF GBP Hedged Distributing1.27

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows IUGA.L's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when IUGA.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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