AGBP.L vs. XGSI.L
AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) and XGSI.L (Xtrackers Global Government Bond UCITS ETF 3C USD hedged) are both Global Bonds funds - AGBP.L tracks the Bloomberg Global Aggregate TR Hdg GBP while XGSI.L tracks the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, AGBP.L returned 0.11%/yr vs 0.41%/yr for XGSI.L. At a 0.28 correlation, their price movements are largely independent. AGBP.L charges 0.10%/yr vs 0.25%/yr for XGSI.L.
Performance
AGBP.L vs. XGSI.L - Performance Comparison
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Different Trading Currencies
AGBP.L is traded in GBP, while XGSI.L is traded in USD. To make them comparable, the XGSI.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 0.42% return, which is significantly higher than XGSI.L's 0.05% 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*
- —
XGSI.L
- 1D
- 0.08%
- 1M
- 1.20%
- YTD
- 0.05%
- 6M
- -0.97%
- 1Y
- 3.04%
- 3Y*
- 0.11%
- 5Y*
- 0.41%
- 10Y*
- —
AGBP.L vs. XGSI.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) | 0.42% | 4.51% | 3.15% | 5.67% | -12.35% | -1.86% | 4.15% | 6.46% | -0.09% | -0.30% |
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 0.02% | -3.42% | 3.01% | 0.55% | -3.00% | -1.56% | 2.75% | 3.35% | 8.32% | -1.67% |
Correlation
The correlation between AGBP.L and XGSI.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.28 |
The correlation between AGBP.L and XGSI.L shifts across timeframes, from 0.17 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGBP.L vs. XGSI.L — Risk / Return Rank
AGBP.L
XGSI.L
AGBP.L vs. XGSI.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 Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.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 | XGSI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.50 | +0.78 |
| Martin ratioReturn relative to average drawdown | 3.80 | 1.15 | +2.65 |
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 | XGSI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.44 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.04 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.06 | +0.18 |
Drawdowns
AGBP.L vs. XGSI.L - Drawdown Comparison
The maximum AGBP.L drawdown since its inception was -16.42%, smaller than the maximum XGSI.L drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for AGBP.L and XGSI.L.
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Drawdown Indicators
| AGBP.L | XGSI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.42% | -22.36% | +5.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -6.10% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.60% | -9.18% | +5.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -16.82% | +0.91% |
Current DrawdownCurrent decline from peak | -1.84% | -17.59% | +15.75% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -12.10% | +7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.65% | -1.83% |
Volatility
AGBP.L vs. XGSI.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) is 1.41%, while Xtrackers Global Government Bond UCITS ETF 3C USD hedged (XGSI.L) has a volatility of 1.88%. This indicates that AGBP.L experiences smaller price fluctuations and is considered to be less risky than XGSI.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 | XGSI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.88% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 5.15% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 6.92% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.70% | 9.05% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 9.27% | -5.14% |
AGBP.L vs. XGSI.L - Expense Ratio Comparison
AGBP.L has a 0.10% expense ratio, which is lower than XGSI.L's 0.25% 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. XGSI.L - Dividend Comparison
AGBP.L's dividend yield for the trailing twelve months is around 3.12%, while XGSI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XGSI.L Xtrackers Global Government Bond UCITS ETF 3C USD hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AGBP.L and XGSI.L have a correlation of 0.17, 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 0.25% for XGSI.L.
AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP, while XGSI.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.10% for AGBP.L and 0.25% for XGSI.L.
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