AGGG.L vs. JPMB.L
AGGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and JPMB.L (JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist)) are both Global Bonds funds - AGGG.L tracks the Bloomberg Global Aggregate Bond Index while JPMB.L tracks the JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist). Both are passively managed. Over the past 5 years, AGGG.L returned -2.10%/yr vs 1.32%/yr for JPMB.L. A 0.51 correlation means they provide meaningful diversification when combined. AGGG.L charges 0.10%/yr vs 0.39%/yr for JPMB.L.
Performance
AGGG.L vs. JPMB.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGGG.L achieves a -2.46% return, which is significantly lower than JPMB.L's 1.73% 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*
- —
JPMB.L
- 1D
- 0.11%
- 1M
- -0.58%
- 6M
- 2.01%
- YTD
- 1.73%
- 1Y
- 9.61%
- 3Y*
- 7.36%
- 5Y*
- 1.32%
- 10Y*
- —
AGGG.L vs. JPMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -1.80% |
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 1.73% | 13.29% | 1.97% | 9.51% | -16.15% | -2.40% | 5.30% | 18.66% | -3.06% |
Correlation
The correlation between AGGG.L and JPMB.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.51 |
The correlation between AGGG.L and JPMB.L shifts across timeframes, from 0.51 (all time) to 0.69 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGGG.L vs. JPMB.L — Risk / Return Rank
AGGG.L
JPMB.L
AGGG.L vs. JPMB.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 JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.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 | JPMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 2.16 | -2.12 |
| Martin ratioReturn relative to average drawdown | 0.10 | 9.45 | -9.35 |
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Drawdowns
AGGG.L vs. JPMB.L - Drawdown Comparison
The maximum AGGG.L drawdown since its inception was -26.00%, roughly equal to the maximum JPMB.L drawdown of -26.70%. Use the drawdown chart below to compare losses from any high point for AGGG.L and JPMB.L.
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Drawdown Indicators
| AGGG.L | JPMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -26.70% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -4.51% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -7.27% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -25.95% | +1.59% |
Current DrawdownCurrent decline from peak | -12.99% | -0.71% | -12.28% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -6.95% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.04% | +0.55% |
Volatility
AGGG.L vs. JPMB.L - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.L) has a higher volatility of 1.27% compared to JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) (JPMB.L) at 1.01%. This indicates that AGGG.L's price experiences larger fluctuations and is considered to be riskier than JPMB.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 | JPMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.01% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 4.55% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 5.41% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.02% | 8.48% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 9.61% | -3.18% |
AGGG.L vs. JPMB.L - Expense Ratio Comparison
AGGG.L has a 0.10% expense ratio, which is lower than JPMB.L's 0.39% expense ratio.
Dividends
AGGG.L vs. JPMB.L - Dividend Comparison
AGGG.L's dividend yield for the trailing twelve months is around 1.53%, less than JPMB.L's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
JPMB.L JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist) | 5.89% | 5.98% | 5.84% | 5.31% | 5.49% | 4.13% | 4.08% | 4.41% | 4.13% |
Frequently Asked Questions
AGGG.L and JPMB.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
AGGG.L is cheaper with a 0.10% expense ratio, compared with 0.39% for JPMB.L.
AGGG.L tracks Bloomberg Global Aggregate Bond Index, while JPMB.L tracks JPMorgan ETFs (Ireland) ICAV - USD Emerging Markets Sovereign Bond UCITS ETF USD (dist). They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.10% for AGGG.L and 0.39% for JPMB.L.
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