AGBP.L vs. VHYL.AS
AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) and VHYL.AS (Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing) are both exchange-traded funds - AGBP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP, while VHYL.AS is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, AGBP.L returned 0.12%/yr vs 11.86%/yr for VHYL.AS. At a correlation of -0.03, they often move in opposite directions. AGBP.L charges 0.10%/yr vs 0.29%/yr for VHYL.AS.
Performance
AGBP.L vs. VHYL.AS - Performance Comparison
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Different Trading Currencies
AGBP.L is traded in GBP, while VHYL.AS is traded in EUR. To make them comparable, the VHYL.AS 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 VHYL.AS's 12.90% 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*
- —
VHYL.AS
- 1D
- 1.57%
- 1M
- 2.02%
- YTD
- 12.90%
- 6M
- 13.64%
- 1Y
- 28.84%
- 3Y*
- 16.17%
- 5Y*
- 11.86%
- 10Y*
- 11.03%
AGBP.L vs. VHYL.AS - 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% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 12.90% | 18.41% | 11.47% | 4.89% | 5.34% | 20.27% | -3.63% | 15.94% | -6.08% | 1.97% |
Correlation
The correlation between AGBP.L and VHYL.AS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | -0.03 |
The correlation between AGBP.L and VHYL.AS shifts across timeframes, from -0.03 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGBP.L vs. VHYL.AS — Risk / Return Rank
AGBP.L
VHYL.AS
AGBP.L vs. VHYL.AS - 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 Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS). 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 | VHYL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.60 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 4.14 | -2.90 |
| Martin ratioReturn relative to average drawdown | 3.65 | 15.36 | -11.71 |
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Drawdowns
AGBP.L vs. VHYL.AS - Drawdown Comparison
The maximum AGBP.L drawdown since its inception was -16.39%, smaller than the maximum VHYL.AS drawdown of -30.89%. Use the drawdown chart below to compare losses from any high point for AGBP.L and VHYL.AS.
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Drawdown Indicators
| AGBP.L | VHYL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -30.89% | +14.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.56% | -6.85% | +4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -3.61% | -13.94% | +10.33% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -13.94% | -2.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.87% | — |
Current DrawdownCurrent decline from peak | -1.42% | 0.00% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -7.27% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 1.86% | -0.99% |
Volatility
AGBP.L vs. VHYL.AS - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) is 1.43%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing (VHYL.AS) has a volatility of 2.31%. This indicates that AGBP.L experiences smaller price fluctuations and is considered to be less risky than VHYL.AS 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 | VHYL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.31% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 7.12% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 8.90% | -5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 11.25% | -6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 13.43% | -9.10% |
AGBP.L vs. VHYL.AS - Expense Ratio Comparison
AGBP.L has a 0.10% expense ratio, which is lower than VHYL.AS's 0.29% expense ratio.
Dividends
AGBP.L vs. VHYL.AS - Dividend Comparison
AGBP.L's dividend yield for the trailing twelve months is around 3.11%, more than VHYL.AS's 2.46% 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) | 3.11% | 3.00% | 2.59% | 1.96% | 1.56% | 1.27% | 1.53% | 1.65% | 0.98% | 0.00% | 0.00% | 0.00% |
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing | 2.46% | 2.85% | 3.04% | 3.41% | 3.78% | 3.03% | 3.08% | 3.24% | 3.68% | 3.13% | 3.02% | 3.25% |
Frequently Asked Questions
AGBP.L and VHYL.AS have a correlation of 0.22, 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 0.29% for VHYL.AS.
AGBP.L is categorized as Global Bonds, while VHYL.AS is Global Equities. AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP, while VHYL.AS tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for AGBP.L and 0.29% for VHYL.AS.
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