0GGH.L vs. IRCP.L
0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) and IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - 0GGH.L tracks the Bloomberg Global Aggregate Bond Index while IRCP.L tracks the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, 0GGH.L returned -1.55%/yr vs 2.73%/yr for IRCP.L. At a correlation of -0.01, they often move in opposite directions. 0GGH.L charges 0.10%/yr vs 0.25%/yr for IRCP.L.
Performance
0GGH.L vs. IRCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 0GGH.L achieves a -0.48% return, which is significantly lower than IRCP.L's 1.46% 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*
- —
IRCP.L
- 1D
- 0.04%
- 1M
- 0.05%
- 6M
- 1.47%
- YTD
- 1.46%
- 1Y
- 3.00%
- 3Y*
- 5.19%
- 5Y*
- 2.73%
- 10Y*
- 1.58%
0GGH.L vs. IRCP.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% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.46% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 0.06% |
Correlation
The correlation between 0GGH.L and IRCP.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017 | -0.01 |
The correlation between 0GGH.L and IRCP.L shifts across timeframes, from -0.01 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0GGH.L vs. IRCP.L — Risk / Return Rank
0GGH.L
IRCP.L
0GGH.L vs. IRCP.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 Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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 | IRCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.24 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.04 | -2.70 |
| Martin ratioReturn relative to average drawdown | 0.86 | 12.47 | -11.61 |
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Drawdowns
0GGH.L vs. IRCP.L - Drawdown Comparison
The maximum 0GGH.L drawdown since its inception was -21.17%, which is greater than IRCP.L's maximum drawdown of -14.44%. Use the drawdown chart below to compare losses from any high point for 0GGH.L and IRCP.L.
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Drawdown Indicators
| 0GGH.L | IRCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -14.44% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -1.03% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | -1.96% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -7.09% | -14.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.44% | — |
Current DrawdownCurrent decline from peak | -12.70% | -0.16% | -12.54% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -1.31% | -7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.25% | +0.85% |
Volatility
0GGH.L vs. IRCP.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 Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) at 0.63%. This indicates that 0GGH.L's price experiences larger fluctuations and is considered to be riskier than IRCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0GGH.L | IRCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.63% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 2.45% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 2.67% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.29% | 2.97% | +21.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 3.79% | +17.12% |
0GGH.L vs. IRCP.L - Expense Ratio Comparison
0GGH.L has a 0.10% expense ratio, which is lower than IRCP.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. IRCP.L - Dividend Comparison
0GGH.L has not paid dividends to shareholders, while IRCP.L's dividend yield for the trailing twelve months is around 2.58%.
| 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% |
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
Frequently Asked Questions
0GGH.L and IRCP.L have a correlation of 0.10, 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 IRCP.L.
0GGH.L tracks Bloomberg Global Aggregate Bond Index, while IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist). Their fees differ too: 0.10% for 0GGH.L and 0.25% for IRCP.L.
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