AEGG.L vs. FLUC.L
AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) and FLUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - AEGG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while FLUC.L is a Corporate Bonds fund tracking the Bloomberg US Corporate - Investment Grade Index. Both are passively managed. Over the past 3 years, AEGG.L returned 3.69%/yr vs 3.35%/yr for FLUC.L. At a 0.39 correlation, their price movements are largely independent. AEGG.L charges 0.10%/yr vs 0.35%/yr for FLUC.L.
Performance
AEGG.L vs. FLUC.L - Performance Comparison
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Different Trading Currencies
AEGG.L is traded in GBP, while FLUC.L is traded in USD. To make them comparable, the FLUC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, AEGG.L achieves a 0.41% return, which is significantly higher than FLUC.L's -0.24% return.
AEGG.L
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 0.41%
- YTD
- 0.41%
- 1Y
- 2.91%
- 3Y*
- 3.69%
- 5Y*
- —
- 10Y*
- —
FLUC.L
- 1D
- 0.25%
- 1M
- -1.60%
- 6M
- -0.67%
- YTD
- -0.24%
- 1Y
- 3.89%
- 3Y*
- 3.35%
- 5Y*
- 0.17%
- 10Y*
- —
AEGG.L vs. FLUC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.41% | 4.45% | 3.06% | 5.55% | -12.20% |
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | -0.24% | -0.20% | 3.86% | 2.39% | -5.48% |
Correlation
The correlation between AEGG.L and FLUC.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2022 | 0.39 |
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Return for Risk
AEGG.L vs. FLUC.L — Risk / Return Rank
AEGG.L
FLUC.L
AEGG.L vs. FLUC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) and Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.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.
| AEGG.L | FLUC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.74 | +0.47 |
| Martin ratioReturn relative to average drawdown | 3.29 | 1.76 | +1.52 |
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Drawdowns
AEGG.L vs. FLUC.L - Drawdown Comparison
The maximum AEGG.L drawdown since its inception was -14.37%, smaller than the maximum FLUC.L drawdown of -17.30%. Use the drawdown chart below to compare losses from any high point for AEGG.L and FLUC.L.
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Drawdown Indicators
| AEGG.L | FLUC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.37% | -17.30% | +2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -5.27% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -9.19% | +5.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.55% | — |
Current DrawdownCurrent decline from peak | -1.20% | -7.60% | +6.40% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -7.94% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.20% | -1.32% |
Volatility
AEGG.L vs. FLUC.L - Volatility Comparison
The current volatility for iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) is 0.89%, while Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) has a volatility of 1.72%. This indicates that AEGG.L experiences smaller price fluctuations and is considered to be less risky than FLUC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEGG.L | FLUC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.72% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 5.73% | -3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 7.25% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 9.29% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 9.88% | -5.21% |
AEGG.L vs. FLUC.L - Expense Ratio Comparison
AEGG.L has a 0.10% expense ratio, which is lower than FLUC.L's 0.35% expense ratio.
Dividends
AEGG.L vs. FLUC.L - Dividend Comparison
AEGG.L has not paid dividends to shareholders, while FLUC.L's dividend yield for the trailing twelve months is around 4.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | 4.22% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% |
Frequently Asked Questions
AEGG.L and FLUC.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGG.L is cheaper with a 0.10% expense ratio, compared with 0.35% for FLUC.L.
AEGG.L is categorized as Global Bonds, while FLUC.L is Corporate Bonds. AEGG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while FLUC.L tracks Bloomberg US Corporate - Investment Grade Index. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.10% for AEGG.L and 0.35% for FLUC.L.
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