0GGH.L vs. FLRG.L
0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) and FLRG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) are both Global Bonds funds - 0GGH.L tracks the Bloomberg Global Aggregate Bond Index while FLRG.L tracks the Bloomberg Global Aggregate EUR Green Bond Index. Both are passively managed. Over the past 5 years, 0GGH.L returned -1.53%/yr vs -2.18%/yr for FLRG.L. A 0.65 correlation means they provide meaningful diversification when combined. 0GGH.L charges 0.10%/yr vs 0.25%/yr for FLRG.L.
Performance
0GGH.L vs. FLRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, 0GGH.L achieves a -0.41% return, which is significantly lower than FLRG.L's 0.63% return.
0GGH.L
- 1D
- 0.00%
- 1M
- -0.61%
- 6M
- -0.61%
- YTD
- -0.41%
- 1Y
- 1.03%
- 3Y*
- 2.12%
- 5Y*
- -1.53%
- 10Y*
- —
FLRG.L
- 1D
- -0.04%
- 1M
- -0.62%
- 6M
- 0.17%
- YTD
- 0.63%
- 1Y
- 1.22%
- 3Y*
- 3.27%
- 5Y*
- -2.18%
- 10Y*
- —
0GGH.L vs. FLRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -0.41% | 2.71% | 1.27% | 4.35% | -13.33% | -2.45% | 3.79% | 2.60% |
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.63% | 0.59% | 2.78% | 7.71% | -18.99% | -3.01% | 5.46% | 3.44% |
Correlation
The correlation between 0GGH.L and FLRG.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.65 |
The correlation between 0GGH.L and FLRG.L has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
0GGH.L vs. FLRG.L — Risk / Return Rank
0GGH.L
FLRG.L
0GGH.L vs. FLRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) and Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.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.
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.
| 0GGH.L | FLRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.58 | -0.21 |
| Martin ratioReturn relative to average drawdown | 0.93 | 1.62 | -0.69 |
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Drawdowns
0GGH.L vs. FLRG.L - Drawdown Comparison
The maximum 0GGH.L drawdown since its inception was -21.17%, smaller than the maximum FLRG.L drawdown of -23.17%. Use the drawdown chart below to compare losses from any high point for 0GGH.L and FLRG.L.
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Drawdown Indicators
| 0GGH.L | FLRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -23.17% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.48% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | -3.41% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -22.63% | +1.46% |
Current DrawdownCurrent decline from peak | -12.63% | -12.19% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -10.42% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.89% | +0.21% |
Volatility
0GGH.L vs. FLRG.L - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) and Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) have volatilities of 0.99% and 1.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0GGH.L | FLRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.02% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.98% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.61% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.28% | 5.37% | +18.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 4.99% | +15.92% |
0GGH.L vs. FLRG.L - Expense Ratio Comparison
0GGH.L has a 0.10% expense ratio, which is lower than FLRG.L's 0.25% 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
0GGH.L vs. FLRG.L - Dividend Comparison
Neither 0GGH.L nor FLRG.L has paid dividends to shareholders.
Frequently Asked Questions
0GGH.L and FLRG.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0GGH.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.25% for FLRG.L.
0GGH.L tracks Bloomberg Global Aggregate Bond Index, while FLRG.L tracks Bloomberg Global Aggregate EUR Green Bond Index. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.10% for 0GGH.L and 0.25% for FLRG.L.
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