AGGG.L vs. IE15.L

Last updated Jul 16, 2026

AGGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both Global Bonds funds from iShares - AGGG.L tracks the Bloomberg Global Aggregate Bond Index while IE15.L tracks the iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Both are passively managed. Over the past 5 years, AGGG.L returned -2.10%/yr vs 0.16%/yr for IE15.L. A 0.54 correlation means they provide meaningful diversification when combined. AGGG.L charges 0.10%/yr vs 0.20%/yr for IE15.L.

Performance

AGGG.L vs. IE15.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AGGG.L is traded in USD, while IE15.L is traded in EUR. To make them comparable, the IE15.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 -2.46% return, which is significantly higher than IE15.L's -3.27% return.

AGGG.L

• 1D: 0.00%
• 1M: -1.13%
• 6M: -2.24%
• YTD: -2.46%
• 1Y: 0.15%
• 3Y*: 2.11%
• 5Y*: -2.10%
• 10Y*: —

IE15.L

• 1D: 0.00%
• 1M: -1.12%
• 6M: -2.63%
• YTD: -3.27%
• 1Y: -1.10%
• 3Y*: 4.45%
• 5Y*: 0.16%
• 10Y*: 1.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGGG.L vs. IE15.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist)	-2.46%	7.96%	-1.41%	5.38%	-15.91%	-5.43%	9.42%	6.84%	-1.44%	1.00%
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	-3.27%	17.31%	-2.11%	9.11%	-13.33%	-7.12%	10.01%	0.63%	-5.28%	2.00%

Correlation

The correlation between AGGG.L and IE15.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	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017	0.54

The correlation between AGGG.L and IE15.L has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

Return for Risk

AGGG.L vs. IE15.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGGG.L

AGGG.L Risk / Return Rank: 9
AGGG.L Sharpe Ratio Rank: 10
AGGG.L Sortino Ratio Rank: 9
AGGG.L Omega Ratio Rank: 8
AGGG.L Calmar Ratio Rank: 10
AGGG.L Martin Ratio Rank: 10

IE15.L

IE15.L Risk / Return Rank: 8
IE15.L Sharpe Ratio Rank: 8
IE15.L Sortino Ratio Rank: 7
IE15.L Omega Ratio Rank: 7
IE15.L Calmar Ratio Rank: 8
IE15.L Martin Ratio Rank: 8

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.

AGGG.L vs. IE15.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AGGG.L	IE15.L	Difference
Sharpe ratio: Return per unit of total volatility	0.03	-0.21	+0.24
Sortino ratio: Return per unit of downside risk	0.08	-0.25	+0.33
Omega ratio: Gain probability vs. loss probability	1.01	0.97	+0.04
Calmar ratio: Return relative to maximum drawdown	0.04	-0.25	+0.29
Martin ratio: Return relative to average drawdown	0.10	-0.55	+0.65

AGGG.L vs. IE15.L - Sharpe Ratio Comparison

The current AGGG.L Sharpe Ratio is 0.03, which is higher than the IE15.L Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of AGGG.L and IE15.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGGG.L vs. IE15.L - Drawdown Comparison

The maximum AGGG.L drawdown since its inception was -26.00%, smaller than the maximum IE15.L drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for AGGG.L and IE15.L.

Drawdown Indicators

	AGGG.L	IE15.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.00%	-31.96%	+5.96%
Max Drawdown (1Y) Largest decline over 1 year	-3.56%	-6.14%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-7.32%	-8.00%	+0.68%
Max Drawdown (5Y) Largest decline over 5 years	-24.36%	-27.14%	+2.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.41%	—
Current Drawdown Current decline from peak	-12.99%	-6.75%	-6.24%
Average Drawdown Average peak-to-trough decline	-9.57%	-12.28%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	2.80%	-1.21%

Volatility

AGGG.L vs. IE15.L - Volatility Comparison

The current volatility for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.L) is 1.27%, while iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) has a volatility of 1.41%. This indicates that AGGG.L experiences smaller price fluctuations and is considered to be less risky than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGGG.L	IE15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.41%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	4.61%	5.35%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	5.55%	7.24%	-1.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.02%	8.45%	-1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.43%	8.04%	-1.61%

AGGG.L vs. IE15.L - Expense Ratio Comparison

AGGG.L has a 0.10% expense ratio, which is lower than IE15.L's 0.20% 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

AGGG.L vs. IE15.L - Dividend Comparison

AGGG.L's dividend yield for the trailing twelve months is around 1.53%, less than IE15.L's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist)	1.53%	2.97%	2.74%	2.01%	1.55%	1.33%	1.46%	1.62%	0.96%	0.00%	0.00%	0.00%
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)	3.00%	2.92%	2.50%	1.41%	0.51%	0.57%	0.59%	0.62%	0.62%	0.68%	0.90%	0.56%

Frequently Asked Questions

Can I hold both AGGG.L and IE15.L in my portfolio?

AGGG.L and IE15.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.

Which ETF is better, AGGG.L or IE15.L?

On fees, AGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AGGG.L or IE15.L?

AGGG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IE15.L.

What is the main difference between AGGG.L and IE15.L?

AGGG.L tracks Bloomberg Global Aggregate Bond Index, while IE15.L tracks iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist). Their fees differ too: 0.10% for AGGG.L and 0.20% for IE15.L.