AGES.L vs. SMT.L
AGES.L (iShares Ageing Population UCITS ETF) and SMT.L (Scottish Mortgage Investment Trust plc) are both Global Equities funds. AGES.L is passively managed, while SMT.L is actively managed. Over the past 5 years, AGES.L returned 4.88%/yr vs 4.99%/yr for SMT.L. A 0.66 correlation means they provide meaningful diversification when combined. AGES.L charges 0.40%/yr vs 0.31%/yr for SMT.L.
Performance
AGES.L vs. SMT.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AGES.L achieves a 0.19% return, which is significantly lower than SMT.L's 29.30% return.
AGES.L
- 1D
- -0.94%
- 1M
- -0.00%
- YTD
- 0.19%
- 6M
- 1.82%
- 1Y
- 17.26%
- 3Y*
- 10.51%
- 5Y*
- 4.88%
- 10Y*
- —
SMT.L
- 1D
- -0.74%
- 1M
- 7.61%
- YTD
- 29.30%
- 6M
- 44.33%
- 1Y
- 56.00%
- 3Y*
- 30.51%
- 5Y*
- 4.99%
- 10Y*
- 20.07%
AGES.L vs. SMT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGES.L iShares Ageing Population UCITS ETF | 0.19% | 18.29% | 9.75% | 2.81% | -3.90% | 5.94% | 9.34% | 15.79% | -8.27% | 11.22% |
SMT.L Scottish Mortgage Investment Trust plc | 29.30% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.64% | 41.09% |
Correlation
The correlation between AGES.L and SMT.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2016 | 0.66 |
Over the past year, the correlation between AGES.L and SMT.L has dropped to 0.45 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AGES.L vs. SMT.L — Risk / Return Rank
AGES.L
SMT.L
AGES.L vs. SMT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ageing Population UCITS ETF (AGES.L) and Scottish Mortgage Investment Trust plc (SMT.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.
| AGES.L | SMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.50 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 4.55 | -2.02 |
| Martin ratioReturn relative to average drawdown | 8.64 | 15.42 | -6.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AGES.L | SMT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 2.78 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.17 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.56 | -0.11 |
Drawdowns
AGES.L vs. SMT.L - Drawdown Comparison
The maximum AGES.L drawdown since its inception was -31.02%, smaller than the maximum SMT.L drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for AGES.L and SMT.L.
Loading charts...
Drawdown Indicators
| AGES.L | SMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -62.61% | +31.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -12.26% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -28.05% | +11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.15% | -60.11% | +40.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.11% | — |
Current DrawdownCurrent decline from peak | -2.97% | -0.74% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -16.03% | +11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 3.62% | -1.63% |
Volatility
AGES.L vs. SMT.L - Volatility Comparison
The current volatility for iShares Ageing Population UCITS ETF (AGES.L) is 2.73%, while Scottish Mortgage Investment Trust plc (SMT.L) has a volatility of 4.09%. This indicates that AGES.L experiences smaller price fluctuations and is considered to be less risky than SMT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AGES.L | SMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 4.09% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 15.92% | -7.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 20.05% | -8.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.11% | 29.68% | -15.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 28.76% | -13.27% |
AGES.L vs. SMT.L - Expense Ratio Comparison
AGES.L has a 0.40% expense ratio, which is higher than SMT.L's 0.31% expense ratio.
Dividends
AGES.L vs. SMT.L - Dividend Comparison
AGES.L has not paid dividends to shareholders, while SMT.L's dividend yield for the trailing twelve months is around 0.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGES.L iShares Ageing Population UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMT.L Scottish Mortgage Investment Trust plc | 0.29% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
Frequently Asked Questions
AGES.L and SMT.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMT.L is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMT.L is cheaper with a 0.31% expense ratio, compared with 0.40% for AGES.L.
They also come from different issuers: iShares and Baillie Gifford Funds. Their fees differ too: 0.40% for AGES.L and 0.31% for SMT.L.
Find the right allocation for AGES.L and SMT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer