AEGG.L vs. GLAG.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) and SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLAG.L).

AEGG.L and GLAG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AEGG.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Dec 3, 2021. GLAG.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Jan 26, 2018. Both AEGG.L and GLAG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AEGG.L vs. GLAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) and SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLAG.L). The values are adjusted to include any dividend payments, if applicable.

AEGG.L vs. GLAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)	-0.07%	4.36%	3.07%	5.65%	-12.74%	-0.69%
GLAG.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged	0.86%	0.11%	0.29%	0.04%	-6.04%	-2.65%

Different Trading Currencies

AEGG.L is traded in GBP, while GLAG.L is traded in USD. To make them comparable, the GLAG.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 -0.07% return, which is significantly lower than GLAG.L's 0.86% return.

AEGG.L

• 1D: 0.34%
• 1M: -1.37%
• YTD: -0.07%
• 6M: 0.52%
• 1Y: 3.20%
• 3Y*: 3.58%
• 5Y*: —
• 10Y*: —

GLAG.L

• 1D: 0.09%
• 1M: -0.75%
• YTD: 0.86%
• 6M: 1.14%
• 1Y: 1.72%
• 3Y*: 0.19%
• 5Y*: -0.70%
• 10Y*: —

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

AEGG.L vs. GLAG.L - Expense Ratio Comparison

Both AEGG.L and GLAG.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

AEGG.L

iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)

GLAG.L

SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged

Return for Risk

AEGG.L vs. GLAG.L — Risk / Return Rank

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

AEGG.L

AEGG.L Risk / Return Rank: 47
AEGG.L Sharpe Ratio Rank: 54
AEGG.L Sortino Ratio Rank: 55
AEGG.L Omega Ratio Rank: 42
AEGG.L Calmar Ratio Rank: 43
AEGG.L Martin Ratio Rank: 43

GLAG.L

GLAG.L Risk / Return Rank: 41
GLAG.L Sharpe Ratio Rank: 45
GLAG.L Sortino Ratio Rank: 46
GLAG.L Omega Ratio Rank: 35
GLAG.L Calmar Ratio Rank: 42
GLAG.L Martin Ratio Rank: 40

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.

AEGG.L vs. GLAG.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 SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLAG.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.

	AEGG.L	GLAG.L	Difference
Sharpe ratio Return per unit of total volatility	1.02	0.29	+0.73
Sortino ratio Return per unit of downside risk	1.51	0.45	+1.07
Omega ratio Gain probability vs. loss probability	1.18	1.05	+0.12
Calmar ratio Return relative to maximum drawdown	1.26	0.48	+0.79
Martin ratio Return relative to average drawdown	4.50	0.90	+3.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AEGG.L vs. GLAG.L - Sharpe Ratio Comparison

The current AEGG.L Sharpe Ratio is 1.02, which is higher than the GLAG.L Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of AEGG.L and GLAG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AEGG.L	GLAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.29	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.09	-0.17

Correlation

The correlation between AEGG.L and GLAG.L is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AEGG.L vs. GLAG.L - Dividend Comparison

AEGG.L has not paid dividends to shareholders, while GLAG.L's dividend yield for the trailing twelve months is around 3.18%.

	TTM	2025	2024	2023	2022	2021	2020	2019
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%
GLAG.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged	3.18%	3.00%	2.80%	2.02%	1.48%	1.24%	1.47%	0.84%

Drawdowns

AEGG.L vs. GLAG.L - Drawdown Comparison

The maximum AEGG.L drawdown since its inception was -15.75%, smaller than the maximum GLAG.L drawdown of -19.36%. Use the drawdown chart below to compare losses from any high point for AEGG.L and GLAG.L.

Drawdown Indicators

	AEGG.L	GLAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.75%	-25.75%	+10.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.38%	-3.53%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.25%	—
Current Drawdown Current decline from peak	-1.91%	-11.69%	+9.78%
Average Drawdown Average peak-to-trough decline	-7.77%	-9.72%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	1.04%	-0.37%

Volatility

AEGG.L vs. GLAG.L - Volatility Comparison

The current volatility for iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) is 1.19%, while SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLAG.L) has a volatility of 2.45%. This indicates that AEGG.L experiences smaller price fluctuations and is considered to be less risky than GLAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEGG.L	GLAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	2.45%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	1.91%	4.39%	-2.48%
Volatility (1Y) Calculated over the trailing 1-year period	3.15%	5.99%	-2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.60%	7.46%	-2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.60%	7.77%	-3.17%