0GGH.L vs. IE15.L

Last updated Jul 16, 2026

0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - 0GGH.L tracks the Bloomberg Global Aggregate Bond Index while IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, 0GGH.L returned -1.55%/yr vs 0.69%/yr for IE15.L. At a 0.48 correlation, their price movements are largely independent. 0GGH.L charges 0.10%/yr vs 0.20%/yr for IE15.L.

Performance

0GGH.L vs. IE15.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 0GGH.L achieves a -0.48% return, which is significantly higher than IE15.L's -1.14% return.

0GGH.L

• 1D: -0.08%
• 1M: -0.69%
• 6M: -0.69%
• YTD: -0.48%
• 1Y: 1.16%
• 3Y*: 2.17%
• 5Y*: -1.55%
• 10Y*: —

IE15.L

• 1D: -0.18%
• 1M: -0.30%
• 6M: -1.34%
• YTD: -1.14%
• 1Y: -0.17%
• 3Y*: 3.65%
• 5Y*: 0.69%
• 10Y*: 0.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

0GGH.L vs. IE15.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)	-0.48%	2.71%	1.27%	4.35%	-13.33%	-2.45%	3.79%	4.91%	-1.24%	-0.35%
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	-1.14%	3.42%	4.34%	5.77%	-7.79%	-0.34%	1.06%	2.63%	-0.65%	-0.23%

Correlation

The correlation between 0GGH.L and IE15.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017	0.48

The correlation between 0GGH.L and IE15.L shifts across timeframes, from 0.48 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

0GGH.L vs. IE15.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0GGH.L

0GGH.L Risk / Return Rank: 13
0GGH.L Sharpe Ratio Rank: 14
0GGH.L Sortino Ratio Rank: 12
0GGH.L Omega Ratio Rank: 12
0GGH.L Calmar Ratio Rank: 14
0GGH.L Martin Ratio Rank: 14

IE15.L

IE15.L Risk / Return Rank: 8
IE15.L Sharpe Ratio Rank: 8
IE15.L Sortino Ratio Rank: 7
IE15.L Omega Ratio Rank: 7
IE15.L Calmar Ratio Rank: 8
IE15.L Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0GGH.L vs. IE15.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 iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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	IE15.L	Difference
Sharpe ratio: Return per unit of total volatility	0.28	-0.11	+0.40
Sortino ratio: Return per unit of downside risk	0.43	-0.13	+0.55
Omega ratio: Gain probability vs. loss probability	1.05	0.98	+0.08
Calmar ratio: Return relative to maximum drawdown	0.34	-0.10	+0.44
Martin ratio: Return relative to average drawdown	0.86	-0.25	+1.11

0GGH.L vs. IE15.L - Sharpe Ratio Comparison

The current 0GGH.L Sharpe Ratio is 0.28, which is higher than the IE15.L Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of 0GGH.L and IE15.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

0GGH.L vs. IE15.L - Drawdown Comparison

The maximum 0GGH.L drawdown since its inception was -21.17%, which is greater than IE15.L's maximum drawdown of -10.14%. Use the drawdown chart below to compare losses from any high point for 0GGH.L and IE15.L.

Drawdown Indicators

	0GGH.L	IE15.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-10.14%	-11.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-2.86%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-3.90%	-2.86%	-1.04%
Max Drawdown (5Y) Largest decline over 5 years	-21.17%	-10.14%	-11.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.14%	—
Current Drawdown Current decline from peak	-12.70%	-1.39%	-11.31%
Average Drawdown Average peak-to-trough decline	-8.72%	-1.46%	-7.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	1.16%	-0.06%

Volatility

0GGH.L vs. IE15.L - Volatility Comparison

iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) has a higher volatility of 0.99% compared to iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) at 0.59%. This indicates that 0GGH.L's price experiences larger fluctuations and is considered to be riskier than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0GGH.L	IE15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	0.59%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	1.85%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	2.50%	+0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.29%	2.75%	+21.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	3.32%	+17.59%

0GGH.L vs. IE15.L - Expense Ratio Comparison

0GGH.L has a 0.10% expense ratio, which is lower than IE15.L's 0.20% 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. IE15.L - Dividend Comparison

0GGH.L has not paid dividends to shareholders, while IE15.L's dividend yield for the trailing twelve months is around 3.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	3.00%	2.92%	2.50%	1.41%	0.51%	0.57%	0.59%	0.62%	0.62%	0.68%	0.90%	0.56%

Frequently Asked Questions

Can I hold both 0GGH.L and IE15.L in my portfolio?

0GGH.L and IE15.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 0GGH.L or IE15.L?

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.

Which ETF is cheaper, 0GGH.L or IE15.L?

0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IE15.L.

What is the main difference between 0GGH.L and IE15.L?

0GGH.L tracks Bloomberg Global Aggregate Bond Index, while IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Their fees differ too: 0.10% for 0GGH.L and 0.20% for IE15.L.