AEGG.L vs. VHYG.L
AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) and VHYG.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating) are both exchange-traded funds - AEGG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while VHYG.L is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 3 years, AEGG.L returned 3.69%/yr vs 16.80%/yr for VHYG.L. At a 0.03 correlation, their price movements are largely independent. AEGG.L charges 0.10%/yr vs 0.29%/yr for VHYG.L.
Performance
AEGG.L vs. VHYG.L - Performance Comparison
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Returns By Period
In the year-to-date period, AEGG.L achieves a 0.41% return, which is significantly lower than VHYG.L's 13.31% return.
AEGG.L
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 0.41%
- YTD
- 0.41%
- 1Y
- 2.91%
- 3Y*
- 3.69%
- 5Y*
- —
- 10Y*
- —
VHYG.L
- 1D
- 0.03%
- 1M
- -0.46%
- 6M
- 9.42%
- YTD
- 13.31%
- 1Y
- 26.14%
- 3Y*
- 16.80%
- 5Y*
- 12.10%
- 10Y*
- —
AEGG.L vs. VHYG.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% |
VHYG.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating | 13.31% | 18.36% | 10.98% | 5.02% | 6.20% |
Correlation
The correlation between AEGG.L and VHYG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2022 | 0.03 |
Over the past year, AEGG.L and VHYG.L have become more correlated (0.24) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
AEGG.L vs. VHYG.L — Risk / Return Rank
AEGG.L
VHYG.L
AEGG.L vs. VHYG.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating (VHYG.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 | VHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.52 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.76 | -2.55 |
| Martin ratioReturn relative to average drawdown | 3.29 | 13.48 | -10.20 |
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Drawdowns
AEGG.L vs. VHYG.L - Drawdown Comparison
The maximum AEGG.L drawdown since its inception was -14.37%, smaller than the maximum VHYG.L drawdown of -39.80%. Use the drawdown chart below to compare losses from any high point for AEGG.L and VHYG.L.
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Drawdown Indicators
| AEGG.L | VHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.37% | -39.80% | +25.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -6.93% | +4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -19.90% | +16.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.90% | — |
Current DrawdownCurrent decline from peak | -1.20% | -0.56% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -9.70% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 1.93% | -1.05% |
Volatility
AEGG.L vs. VHYG.L - Volatility Comparison
The current volatility for iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) is 0.89%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating (VHYG.L) has a volatility of 1.82%. This indicates that AEGG.L experiences smaller price fluctuations and is considered to be less risky than VHYG.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 | VHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.82% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 7.05% | -4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 9.21% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.67% | 17.56% | -12.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 19.62% | -14.95% |
AEGG.L vs. VHYG.L - Expense Ratio Comparison
AEGG.L has a 0.10% expense ratio, which is lower than VHYG.L's 0.29% expense ratio.
Dividends
AEGG.L vs. VHYG.L - Dividend Comparison
Neither AEGG.L nor VHYG.L has paid dividends to shareholders.
Frequently Asked Questions
AEGG.L and VHYG.L have a correlation of 0.24, 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 0.29% for VHYG.L.
AEGG.L is categorized as Global Bonds, while VHYG.L is Dividend. AEGG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while VHYG.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for AEGG.L and 0.29% for VHYG.L.
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