0GGH.L vs. IUAE.L
0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) and IUAE.L (iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both exchange-traded funds - 0GGH.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index, while IUAE.L is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, 0GGH.L returned -1.53%/yr vs -2.39%/yr for IUAE.L. A 0.68 correlation means they provide meaningful diversification when combined. 0GGH.L charges 0.10%/yr vs 0.30%/yr for IUAE.L.
Performance
0GGH.L vs. IUAE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, 0GGH.L achieves a -0.41% return, which is significantly higher than IUAE.L's -1.23% 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*
- —
IUAE.L
- 1D
- 0.21%
- 1M
- -0.82%
- 6M
- -1.03%
- YTD
- -1.23%
- 1Y
- 1.91%
- 3Y*
- 1.50%
- 5Y*
- -2.39%
- 10Y*
- —
0GGH.L vs. IUAE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 4.91% | -0.26% |
IUAE.L iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc) | -1.23% | 4.73% | -0.64% | 2.65% | -15.00% | -2.82% | 5.50% | 5.75% | -1.04% |
Correlation
The correlation between 0GGH.L and IUAE.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.68 |
The correlation between 0GGH.L and IUAE.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
0GGH.L vs. IUAE.L — Risk / Return Rank
0GGH.L
IUAE.L
0GGH.L vs. IUAE.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 US Aggregate Bond UCITS ETF EUR Hedged (Acc) (IUAE.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 | IUAE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.55 | -0.18 |
| Martin ratioReturn relative to average drawdown | 0.93 | 1.44 | -0.51 |
Loading charts...
Drawdowns
0GGH.L vs. IUAE.L - Drawdown Comparison
The maximum 0GGH.L drawdown since its inception was -21.17%, smaller than the maximum IUAE.L drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for 0GGH.L and IUAE.L.
Loading charts...
Drawdown Indicators
| 0GGH.L | IUAE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -22.73% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -3.45% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | -6.30% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -21.15% | -0.02% |
Current DrawdownCurrent decline from peak | -12.63% | -13.77% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -9.19% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.33% | -0.23% |
Volatility
0GGH.L vs. IUAE.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) is 0.99%, while iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc) (IUAE.L) has a volatility of 1.25%. This indicates that 0GGH.L experiences smaller price fluctuations and is considered to be less risky than IUAE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 0GGH.L | IUAE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.25% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 3.18% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 4.14% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.28% | 6.16% | +18.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 5.51% | +15.40% |
0GGH.L vs. IUAE.L - Expense Ratio Comparison
0GGH.L has a 0.10% expense ratio, which is lower than IUAE.L's 0.30% expense ratio.
Dividends
0GGH.L vs. IUAE.L - Dividend Comparison
Neither 0GGH.L nor IUAE.L has paid dividends to shareholders.
Frequently Asked Questions
0GGH.L and IUAE.L have a correlation of 0.70, 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 0.30% for IUAE.L.
0GGH.L is categorized as Global Bonds, while IUAE.L is Total Bond Market. 0GGH.L tracks Bloomberg Global Aggregate Bond Index, while IUAE.L tracks Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.10% for 0GGH.L and 0.30% for IUAE.L.
Find the right allocation for 0GGH.L and IUAE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer