AGGG.L vs. AGBP.L
AGGG.L (iShares Global Aggregate Bond UCITS Dist) and AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) are both Global Bonds funds from iShares - AGGG.L tracks the Bloomberg Global Aggregate TR USD while AGBP.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, AGGG.L returned -1.74%/yr vs -0.95%/yr for AGBP.L. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
AGGG.L vs. AGBP.L - Performance Comparison
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Different Trading Currencies
AGGG.L is traded in USD, while AGBP.L is traded in GBP. To make them comparable, the AGBP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGGG.L achieves a -0.28% return, which is significantly lower than AGBP.L's 0.18% return.
AGGG.L
- 1D
- 0.08%
- 1M
- -0.26%
- YTD
- -0.28%
- 6M
- 0.43%
- 1Y
- 2.20%
- 3Y*
- 3.42%
- 5Y*
- -1.74%
- 10Y*
- —
AGBP.L
- 1D
- 0.20%
- 1M
- -0.40%
- YTD
- 0.18%
- 6M
- 1.38%
- 1Y
- 2.15%
- 3Y*
- 6.59%
- 5Y*
- -0.95%
- 10Y*
- —
AGGG.L vs. AGBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | -0.28% | 8.06% | -1.44% | 5.27% | -15.93% | -5.32% | 9.37% | 6.85% | -1.17% | 0.03% |
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 0.18% | 12.39% | 1.43% | 11.25% | -21.72% | -2.75% | 7.34% | 10.73% | -5.75% | 1.09% |
Correlation
The correlation between AGGG.L and AGBP.L is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2017 | 0.61 |
The correlation between AGGG.L and AGBP.L shifts across timeframes, from 0.61 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGGG.L vs. AGBP.L — Risk / Return Rank
AGGG.L
AGBP.L
AGGG.L vs. AGBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Aggregate Bond UCITS Dist (AGGG.L) and iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.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.
| AGGG.L | AGBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.40 | +0.22 |
| Martin ratioReturn relative to average drawdown | 1.66 | 0.92 | +0.75 |
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
| AGGG.L | AGBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.26 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.09 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.11 | -0.05 |
Drawdowns
AGGG.L vs. AGBP.L - Drawdown Comparison
The maximum AGGG.L drawdown since its inception was -25.91%, smaller than the maximum AGBP.L drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for AGGG.L and AGBP.L.
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Drawdown Indicators
| AGGG.L | AGBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.91% | -34.64% | +8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -5.30% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -11.13% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.24% | -34.64% | +10.40% |
Current DrawdownCurrent decline from peak | -11.01% | -5.07% | -5.94% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -10.28% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.34% | -1.02% |
Volatility
AGGG.L vs. AGBP.L - Volatility Comparison
The current volatility for iShares Global Aggregate Bond UCITS Dist (AGGG.L) is 1.74%, while iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) has a volatility of 2.68%. This indicates that AGGG.L experiences smaller price fluctuations and is considered to be less risky than AGBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGGG.L | AGBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 2.68% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 6.16% | -2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 8.22% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 10.69% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 10.30% | -3.98% |
AGGG.L vs. AGBP.L - Expense Ratio Comparison
Both AGGG.L and AGBP.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AGGG.L vs. AGBP.L - Dividend Comparison
AGGG.L's dividend yield for the trailing twelve months is around 3.16%, more than AGBP.L's 3.12% yield.
| 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% |
AGGG.L iShares Global Aggregate Bond UCITS Dist | 3.16% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% |
Frequently Asked Questions
AGGG.L and AGBP.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AGGG.L and AGBP.L have the same expense ratio: 0.10% per year.
AGGG.L tracks Bloomberg Global Aggregate TR USD, while AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP.
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