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AGES.L vs. VGK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGES.L vs. VGK

Last updated Jun 4, 2026

AGES.L (iShares Ageing Population UCITS ETF) and VGK (Vanguard FTSE Europe ETF) are both exchange-traded funds - AGES.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VGK is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 5 years, AGES.L returned 4.88%/yr vs 9.40%/yr for VGK. A 0.57 correlation means they provide meaningful diversification when combined. AGES.L charges 0.40%/yr vs 0.06%/yr for VGK.

Performance

AGES.L vs. VGK - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Ageing Population UCITS ETF (AGES.L) and Vanguard FTSE Europe ETF (VGK). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AGES.L is traded in GBp, while VGK is traded in USD. To make them comparable, the VGK values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, AGES.L achieves a 0.19% return, which is significantly lower than VGK's 6.01% 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*
—

VGK

1D
0.00%
1M
2.08%
YTD
6.01%
6M
7.94%
1Y
18.33%
3Y*
13.66%
5Y*
9.40%
10Y*
10.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGES.L vs. VGK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VGK
Vanguard FTSE Europe ETF		6.01%26.16%3.65%14.18%-5.99%18.00%2.33%20.10%-9.84%16.00%

Correlation

The correlation between AGES.L and VGK is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2016

0.57

The correlation between AGES.L and VGK has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

AGES.L vs. VGK - Sectors Allocation Comparison

Sectors
AGES.L
VGK

Healthcare

47.0%
12.1%

Financial Services

43.9%
23.9%

Consumer Cyclical

6.2%
6.8%

Real Estate

1.0%
1.5%

Basic Materials

0.2%
5.4%

Technology

0.1%
8.3%

Communication Services

0.1%
3.3%

Consumer Defensive

-

8.5%

Energy

-

5.3%

Industrials

-

19.5%

Utilities

-

4.8%

Healthcare

AGES.L
47.0%
VGK
12.1%

Financial Services

AGES.L
43.9%
VGK
23.9%

Consumer Cyclical

AGES.L
6.2%
VGK
6.8%

Real Estate

AGES.L
1.0%
VGK
1.5%

Basic Materials

AGES.L
0.2%
VGK
5.4%

Technology

AGES.L
0.1%
VGK
8.3%

Communication Services

AGES.L
0.1%
VGK
3.3%

Consumer Defensive

AGES.L

-

VGK
8.5%

Energy

AGES.L

-

VGK
5.3%

Industrials

AGES.L

-

VGK
19.5%

Utilities

AGES.L

-

VGK
4.8%

Compare stocks, funds, or ETFs

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iShares Ageing Population UCITS ETF

Vanguard FTSE Europe ETF

Often compared with AGES.L:
AGES.L vs. AGNGAGES.L vs. DRDR.LAGES.L vs. CPJ1.LAGES.L vs. WELS.DEAGES.L vs. VOOAGES.L vs. SWDA.LAGES.L vs. FWRG.L
Often compared with VGK:
VGK vs. VEAVGK vs. IEURVGK vs. VXUSVGK vs. VOOVGK vs. VEUVGK vs. FEZVGK vs. SPEU

Return for Risk

AGES.L vs. VGK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGES.L
AGES.L Risk / Return Rank: 4545
Overall Rank
AGES.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
AGES.L Sortino Ratio Rank: 4242
Sortino Ratio Rank
AGES.L Omega Ratio Rank: 4040
Omega Ratio Rank
AGES.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
AGES.L Martin Ratio Rank: 5151
Martin Ratio Rank
VGK
VGK Risk / Return Rank: 3434
Overall Rank
VGK Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
VGK Sortino Ratio Rank: 3535
Sortino Ratio Rank
VGK Omega Ratio Rank: 3333
Omega Ratio Rank
VGK Calmar Ratio Rank: 3232
Calmar Ratio Rank
VGK Martin Ratio Rank: 3838
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGES.L vs. VGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Ageing Population UCITS ETF (AGES.L) and Vanguard FTSE Europe ETF (VGK). 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.LVGKDifference
Sharpe ratioReturn per unit of total volatility
1.49
1.45

+0.05

Sortino ratioReturn per unit of downside risk
2.12
2.07

+0.05

Omega ratioGain probability vs. loss probability

1.26

1.27

0.00

Calmar ratioReturn relative to maximum drawdown

2.52

1.66

+0.86

Martin ratioReturn relative to average drawdown

8.64

6.45

+2.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGES.L vs. VGK - Sharpe Ratio Comparison

The current AGES.L Sharpe Ratio is 1.49, which is comparable to the VGK Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of AGES.L and VGK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AGES.LVGKDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

1.45

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.66

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.33

+0.12

Drawdowns

AGES.L vs. VGK - Drawdown Comparison

The maximum AGES.L drawdown since its inception was -31.02%, smaller than the maximum VGK drawdown of -45.00%. Use the drawdown chart below to compare losses from any high point for AGES.L and VGK.

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Drawdown Indicators

AGES.LVGKDifference

Max Drawdown

Largest peak-to-trough decline

-31.02%

-45.00%

+13.98%

Max Drawdown (1Y)

Largest decline over 1 year

-6.81%

-11.11%

+4.30%

Max Drawdown (3Y)

Largest decline over 3 years

-17.04%

-13.11%

-3.93%

Max Drawdown (5Y)

Largest decline over 5 years

-19.15%

-17.68%

-1.47%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.91%

—

Current Drawdown

Current decline from peak

-2.97%

-1.91%

-1.06%

Average Drawdown

Average peak-to-trough decline

-4.90%

-7.01%

+2.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

2.85%

-0.86%

Volatility

AGES.L vs. VGK - Volatility Comparison

The current volatility for iShares Ageing Population UCITS ETF (AGES.L) is 2.73%, while Vanguard FTSE Europe ETF (VGK) has a volatility of 4.49%. This indicates that AGES.L experiences smaller price fluctuations and is considered to be less risky than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AGES.LVGKDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.73%

4.49%

-1.76%

Volatility (6M)

Calculated over the trailing 6-month period

8.92%

10.66%

-1.74%

Volatility (1Y)

Calculated over the trailing 1-year period

11.53%

12.74%

-1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.11%

14.31%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.49%

16.53%

-1.04%

AGES.L vs. VGK - Expense Ratio Comparison

AGES.L has a 0.40% expense ratio, which is higher than VGK's 0.06% expense ratio.

Dividends

AGES.L vs. VGK - Dividend Comparison

AGES.L has not paid dividends to shareholders, while VGK's dividend yield for the trailing twelve months is around 2.79%.

PositionTTM20252024202320222021202020192018201720162015
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%
VGK
Vanguard FTSE Europe ETF		2.79%2.86%3.61%3.15%3.25%3.05%2.11%3.27%3.95%2.70%3.52%3.25%

Frequently Asked Questions

AGES.L and VGK have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VGK is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VGK is cheaper with a 0.06% expense ratio, compared with 0.40% for AGES.L.

AGES.L is categorized as Global Equities, while VGK is Europe Equities. AGES.L tracks MSCI ACWI NR USD, while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for AGES.L and 0.06% for VGK.

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