AGBP.L vs. EGOG.L
AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) and EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR Hdg GBP, from iShares and UBS respectively. Both are passively managed. Over the past 5 years, AGBP.L returned 0.03%/yr vs -1.13%/yr for EGOG.L. Their correlation of 0.81 suggests significant overlap in exposure. AGBP.L charges 0.10%/yr vs 0.20%/yr for EGOG.L.
Performance
AGBP.L vs. EGOG.L - Performance Comparison
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Different Trading Currencies
AGBP.L is traded in GBP, while EGOG.L is traded in GBp. To make them comparable, the EGOG.L 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 0.11% return, which is significantly higher than EGOG.L's -1.39% return.
AGBP.L
- 1D
- -0.22%
- 1M
- -0.22%
- YTD
- 0.11%
- 6M
- 0.32%
- 1Y
- 3.17%
- 3Y*
- 3.83%
- 5Y*
- 0.03%
- 10Y*
- —
EGOG.L
- 1D
- 0.04%
- 1M
- -0.17%
- YTD
- -1.39%
- 6M
- -1.21%
- 1Y
- 0.36%
- 3Y*
- 2.07%
- 5Y*
- -1.13%
- 10Y*
- —
AGBP.L vs. EGOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 0.11% | 4.46% | 3.11% | 5.71% | -12.34% | -1.79% | 0.57% |
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis | -1.39% | 2.98% | 1.52% | 5.02% | -13.09% | -3.07% | 0.24% |
Correlation
The correlation between AGBP.L and EGOG.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.81 |
The correlation between AGBP.L and EGOG.L shifts across timeframes, from 0.69 (1 year) to 0.82 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGBP.L vs. EGOG.L — Risk / Return Rank
AGBP.L
EGOG.L
AGBP.L vs. EGOG.L - 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 UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.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.
| AGBP.L | EGOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.07 | +1.16 |
| Martin ratioReturn relative to average drawdown | 3.73 | 0.19 | +3.54 |
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 | EGOG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.06 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.22 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.32 | +0.54 |
Drawdowns
AGBP.L vs. EGOG.L - Drawdown Comparison
The maximum AGBP.L drawdown since its inception was -16.39%, smaller than the maximum EGOG.L drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for AGBP.L and EGOG.L.
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Drawdown Indicators
| AGBP.L | EGOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -17.33% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -3.22% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.61% | -3.92% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -16.13% | +0.12% |
Current DrawdownCurrent decline from peak | -2.05% | -8.79% | +6.74% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -9.23% | +4.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.16% | -0.31% |
Volatility
AGBP.L vs. EGOG.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) is 1.42%, while UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) has a volatility of 1.57%. This indicates that AGBP.L experiences smaller price fluctuations and is considered to be less risky than EGOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGBP.L | EGOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.57% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 2.94% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.51% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 5.19% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 5.00% | -0.67% |
AGBP.L vs. EGOG.L - Expense Ratio Comparison
AGBP.L has a 0.10% expense ratio, which is lower than EGOG.L's 0.20% expense ratio. Despite the difference, 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. EGOG.L - Dividend Comparison
AGBP.L's dividend yield for the trailing twelve months is around 3.13%, more than EGOG.L's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.13% | 3.00% | 2.59% | 1.96% | 1.56% | 1.27% | 1.53% | 1.65% | 0.98% |
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis | 1.38% | 2.91% | 2.30% | 1.44% | 0.45% | 0.17% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGBP.L and EGOG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGBP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGBP.L is cheaper with a 0.10% expense ratio, compared with 0.20% for EGOG.L.
Both ETFs track Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and UBS. Their fees differ too: 0.10% for AGBP.L and 0.20% for EGOG.L.
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