AGBP.L vs. GGRP.L
AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) and GGRP.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD) are both exchange-traded funds - AGBP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while GGRP.L is a Global Equities fund tracking the WisdomTree Global Developed Quality Dividend Growth. Both are passively managed. Over the past 5 years, AGBP.L returned 0.12%/yr vs 8.98%/yr for GGRP.L. At a 0.02 correlation, their price movements are largely independent. AGBP.L charges 0.10%/yr vs 0.38%/yr for GGRP.L.
Performance
AGBP.L vs. GGRP.L - Performance Comparison
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Different Trading Currencies
AGBP.L is traded in GBP, while GGRP.L is traded in GBp. To make them comparable, the GGRP.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 0.76% return, which is significantly lower than GGRP.L's 4.96% return.
AGBP.L
- 1D
- 0.43%
- 1M
- 0.65%
- YTD
- 0.76%
- 6M
- 1.41%
- 1Y
- 3.39%
- 3Y*
- 4.13%
- 5Y*
- 0.12%
- 10Y*
- —
GGRP.L
- 1D
- 1.23%
- 1M
- 1.31%
- YTD
- 4.96%
- 6M
- 5.26%
- 1Y
- 17.19%
- 3Y*
- 10.37%
- 5Y*
- 8.98%
- 10Y*
- —
AGBP.L vs. GGRP.L - 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) | 0.76% | 4.46% | 3.11% | 5.71% | -12.34% | -1.79% | 4.12% | 6.44% | -0.03% | -0.00% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 4.96% | 8.49% | 11.07% | 11.60% | -3.21% | 20.97% | 11.56% | 28.30% | -5.39% | 1.99% |
Correlation
The correlation between AGBP.L and GGRP.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.02 |
Over the past year, AGBP.L and GGRP.L have become more correlated (0.27) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
AGBP.L vs. GGRP.L — Risk / Return Rank
AGBP.L
GGRP.L
AGBP.L vs. GGRP.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 WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.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.
| AGBP.L | GGRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.92 | -0.68 |
| Martin ratioReturn relative to average drawdown | 3.65 | 7.40 | -3.76 |
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Drawdowns
AGBP.L vs. GGRP.L - Drawdown Comparison
The maximum AGBP.L drawdown since its inception was -16.39%, smaller than the maximum GGRP.L drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for AGBP.L and GGRP.L.
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Drawdown Indicators
| AGBP.L | GGRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -22.60% | +6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -8.59% | +6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.61% | -16.25% | +12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -16.25% | +0.24% |
Current DrawdownCurrent decline from peak | -1.42% | -0.26% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -3.89% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.23% | -1.36% |
Volatility
AGBP.L vs. GGRP.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) is 1.43%, while WisdomTree Global Quality Dividend Growth UCITS ETF - USD (GGRP.L) has a volatility of 3.02%. This indicates that AGBP.L experiences smaller price fluctuations and is considered to be less risky than GGRP.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 | GGRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 3.02% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 8.19% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 10.26% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 12.02% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 14.88% | -10.55% |
AGBP.L vs. GGRP.L - Expense Ratio Comparison
AGBP.L has a 0.10% expense ratio, which is lower than GGRP.L's 0.38% expense ratio.
Dividends
AGBP.L vs. GGRP.L - Dividend Comparison
AGBP.L's dividend yield for the trailing twelve months is around 3.11%, more than GGRP.L's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.11% | 3.00% | 2.59% | 1.96% | 1.56% | 1.27% | 1.53% | 1.65% | 0.98% | 0.00% |
GGRP.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD | 1.13% | 1.23% | 1.61% | 1.84% | 2.42% | 1.60% | 0.84% | 0.78% | 2.14% | 1.42% |
Frequently Asked Questions
AGBP.L and GGRP.L have a correlation of 0.27, 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 0.38% for GGRP.L.
AGBP.L is categorized as Global Bonds, while GGRP.L is Global Equities. AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP, while GGRP.L tracks WisdomTree Global Developed Quality Dividend Growth. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.10% for AGBP.L and 0.38% for GGRP.L.
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