AEGG.L vs. GLBL.L
AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) and GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) are both Global Bonds funds - AEGG.L tracks the Bloomberg Global Aggregate TR Hdg GBP while GLBL.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 3 years, AEGG.L returned 3.84%/yr vs -2.10%/yr for GLBL.L. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
AEGG.L vs. GLBL.L - Performance Comparison
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Returns By Period
In the year-to-date period, AEGG.L achieves a 0.49% return, which is significantly higher than GLBL.L's -1.47% return.
AEGG.L
- 1D
- 0.12%
- 1M
- 0.30%
- YTD
- 0.49%
- 6M
- 0.59%
- 1Y
- 3.19%
- 3Y*
- 3.84%
- 5Y*
- —
- 10Y*
- —
GLBL.L
- 1D
- 0.11%
- 1M
- 0.87%
- YTD
- -1.47%
- 6M
- -1.76%
- 1Y
- 0.11%
- 3Y*
- -2.10%
- 5Y*
- -2.93%
- 10Y*
- —
AEGG.L vs. GLBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.49% | 4.36% | 3.07% | 5.65% | -12.74% | -0.69% |
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | -1.47% | -2.39% | -2.65% | -2.45% | -7.22% | -2.44% |
Correlation
The correlation between AEGG.L and GLBL.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.43 |
The correlation between AEGG.L and GLBL.L shifts across timeframes, from 0.31 (1 year) to 0.45 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AEGG.L vs. GLBL.L — Risk / Return Rank
AEGG.L
GLBL.L
AEGG.L vs. GLBL.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 (GLBL.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 | GLBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.02 | +1.31 |
| Martin ratioReturn relative to average drawdown | 3.82 | 0.04 | +3.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AEGG.L | GLBL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.02 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | -0.16 | +0.11 |
Drawdowns
AEGG.L vs. GLBL.L - Drawdown Comparison
The maximum AEGG.L drawdown since its inception was -15.75%, smaller than the maximum GLBL.L drawdown of -25.17%. Use the drawdown chart below to compare losses from any high point for AEGG.L and GLBL.L.
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Drawdown Indicators
| AEGG.L | GLBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.75% | -25.17% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -5.16% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -8.09% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.62% | — |
Current DrawdownCurrent decline from peak | -1.36% | -24.05% | +22.69% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -12.84% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.69% | -1.86% |
Volatility
AEGG.L vs. GLBL.L - Volatility Comparison
iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) and SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) have volatilities of 1.42% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEGG.L | GLBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.36% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 3.61% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 5.00% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.59% | 6.74% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 7.27% | -2.68% |
AEGG.L vs. GLBL.L - Expense Ratio Comparison
Both AEGG.L and GLBL.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%.
Dividends
AEGG.L vs. GLBL.L - Dividend Comparison
AEGG.L has not paid dividends to shareholders, while GLBL.L's dividend yield for the trailing twelve months is around 0.03%.
| 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% |
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | 0.03% | 0.03% | 0.03% | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% | 0.01% |
Frequently Asked Questions
AEGG.L and GLBL.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AEGG.L and GLBL.L have the same expense ratio: 0.10% per year.
AEGG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while GLBL.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and State Street.
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