AGGG.L vs. GLAU.L
AGGG.L (iShares Global Aggregate Bond UCITS Dist) and GLAU.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged) are both Global Bonds funds - AGGG.L tracks the Bloomberg Global Aggregate TR USD while GLAU.L tracks the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, AGGG.L returned -1.74%/yr vs 0.73%/yr for GLAU.L. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
AGGG.L vs. GLAU.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGGG.L achieves a -0.28% return, which is significantly lower than GLAU.L's 0.41% return.
AGGG.L
- 1D
- 0.08%
- 1M
- -0.73%
- YTD
- -0.28%
- 6M
- 0.59%
- 1Y
- 2.33%
- 3Y*
- 3.42%
- 5Y*
- -1.74%
- 10Y*
- —
GLAU.L
- 1D
- 0.25%
- 1M
- 0.56%
- YTD
- 0.41%
- 6M
- 0.72%
- 1Y
- 3.45%
- 3Y*
- 4.27%
- 5Y*
- 0.73%
- 10Y*
- —
AGGG.L vs. GLAU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | -0.28% | 8.06% | -1.44% | 5.27% | -15.93% | -5.32% | 9.37% | 6.85% | 0.43% |
GLAU.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged | 0.41% | 4.62% | 3.58% | 6.07% | -11.13% | -1.01% | 5.46% | 7.95% | 1.58% |
Correlation
The correlation between AGGG.L and GLAU.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.34 |
Over the past year, AGGG.L and GLAU.L have become more correlated (0.63) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
AGGG.L vs. GLAU.L — Risk / Return Rank
AGGG.L
GLAU.L
AGGG.L vs. GLAU.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (GLAU.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 | GLAU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.95 | -1.32 |
| Martin ratioReturn relative to average drawdown | 1.66 | 5.07 | -3.40 |
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 | GLAU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 1.28 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.24 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.83 | -0.78 |
Drawdowns
AGGG.L vs. GLAU.L - Drawdown Comparison
The maximum AGGG.L drawdown since its inception was -25.91%, which is greater than GLAU.L's maximum drawdown of -14.72%. Use the drawdown chart below to compare losses from any high point for AGGG.L and GLAU.L.
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Drawdown Indicators
| AGGG.L | GLAU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.91% | -14.72% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -2.36% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.20% | -3.11% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.24% | -14.58% | -9.66% |
Current DrawdownCurrent decline from peak | -11.01% | -1.01% | -10.00% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -3.48% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 0.84% | +0.48% |
Volatility
AGGG.L vs. GLAU.L - Volatility Comparison
iShares Global Aggregate Bond UCITS Dist (AGGG.L) has a higher volatility of 1.74% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (GLAU.L) at 1.56%. This indicates that AGGG.L's price experiences larger fluctuations and is considered to be riskier than GLAU.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 | GLAU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.74% | 1.56% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.91% | 2.72% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.10% | 3.61% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 6.86% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 7.03% | -0.71% |
AGGG.L vs. GLAU.L - Expense Ratio Comparison
Both AGGG.L and GLAU.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. GLAU.L - Dividend Comparison
AGGG.L's dividend yield for the trailing twelve months is around 3.16%, which matches GLAU.L's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
GLAU.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged | 3.15% | 3.02% | 2.71% | 2.02% | 1.40% | 1.21% | 1.51% | 1.25% | 0.89% |
Frequently Asked Questions
AGGG.L and GLAU.L have a correlation of 0.63, 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 GLAU.L have the same expense ratio: 0.10% per year.
AGGG.L tracks Bloomberg Global Aggregate TR USD, while GLAU.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: iShares and State Street.
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