AGBP.L vs. AGG
AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - AGBP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, AGBP.L returned 0.11%/yr vs 1.22%/yr for AGG. At a 0.29 correlation, their price movements are largely independent. AGBP.L charges 0.10%/yr vs 0.03%/yr for AGG.
Performance
AGBP.L vs. AGG - Performance Comparison
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Different Trading Currencies
AGBP.L is traded in GBP, while AGG is traded in USD. To make them comparable, the AGG values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGBP.L achieves a 0.42% return, which is significantly lower than AGG's 0.82% return.
AGBP.L
- 1D
- 0.15%
- 1M
- 0.08%
- YTD
- 0.42%
- 6M
- 0.69%
- 1Y
- 3.40%
- 3Y*
- 3.91%
- 5Y*
- 0.11%
- 10Y*
- —
AGG
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 0.82%
- 6M
- -0.06%
- 1Y
- 6.16%
- 3Y*
- 1.32%
- 5Y*
- 1.22%
- 10Y*
- 2.41%
AGBP.L vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 0.42% | 4.51% | 3.15% | 5.67% | -12.35% | -1.86% | 4.15% | 6.46% | -0.09% | -0.30% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.92% | -0.44% | 3.08% | 0.37% | -2.68% | -0.84% | 4.32% | 4.33% | 6.03% | -1.36% |
Correlation
The correlation between AGBP.L and AGG is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.29 |
The correlation between AGBP.L and AGG shifts across timeframes, from 0.12 (1 year) to 0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGBP.L vs. AGG — Risk / Return Rank
AGBP.L
AGG
AGBP.L vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
| AGBP.L | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.16 | +0.11 |
| Martin ratioReturn relative to average drawdown | 3.80 | 3.06 | +0.73 |
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
| AGBP.L | AGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.00 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.14 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.51 | -0.27 |
Drawdowns
AGBP.L vs. AGG - Drawdown Comparison
The maximum AGBP.L drawdown since its inception was -16.42%, smaller than the maximum AGG drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for AGBP.L and AGG.
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Drawdown Indicators
| AGBP.L | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.42% | -17.60% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -5.31% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -8.64% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -14.70% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -1.84% | -9.62% | +7.78% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -7.11% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.01% | -1.19% |
Volatility
AGBP.L vs. AGG - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.41% and 1.40%, 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
| AGBP.L | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.40% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 4.74% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 6.22% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 8.61% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 9.82% | -5.69% |
AGBP.L vs. AGG - Expense Ratio Comparison
AGBP.L has a 0.10% expense ratio, which is higher than AGG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AGBP.L vs. AGG - Dividend Comparison
AGBP.L's dividend yield for the trailing twelve months is around 3.12%, less than AGG's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.12% | 3.00% | 2.59% | 1.97% | 1.56% | 1.27% | 1.53% | 1.65% | 0.98% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
Frequently Asked Questions
AGBP.L and AGG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGG is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGG is cheaper with a 0.03% expense ratio, compared with 0.10% for AGBP.L.
AGBP.L is categorized as Global Bonds, while AGG is Total Bond Market. AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP, while AGG tracks Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.10% for AGBP.L and 0.03% for AGG.
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