AGGG.L vs. LQDH.L
AGGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and LQDH.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist)) are both Global Bonds funds from iShares - AGGG.L tracks the Bloomberg Global Aggregate Bond Index while LQDH.L tracks the iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, AGGG.L returned -2.10%/yr vs 5.33%/yr for LQDH.L. At a 0.04 correlation, their price movements are largely independent. AGGG.L charges 0.10%/yr vs 0.25%/yr for LQDH.L.
Performance
AGGG.L vs. LQDH.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 LQDH.L's 2.29% 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*
- —
LQDH.L
- 1D
- -0.21%
- 1M
- -0.37%
- 6M
- 1.67%
- YTD
- 2.29%
- 1Y
- 4.74%
- 3Y*
- 7.38%
- 5Y*
- 5.33%
- 10Y*
- 4.37%
AGGG.L vs. LQDH.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% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 2.29% | 4.93% | 8.27% | 11.54% | 0.28% | 0.92% | 0.77% | 10.76% | -2.64% | 1.38% |
Correlation
The correlation between AGGG.L and LQDH.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.04 |
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Return for Risk
AGGG.L vs. LQDH.L — Risk / Return Rank
AGGG.L
LQDH.L
AGGG.L vs. LQDH.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 Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.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 | LQDH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 3.29 | -3.25 |
| Martin ratioReturn relative to average drawdown | 0.10 | 11.24 | -11.14 |
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Drawdowns
AGGG.L vs. LQDH.L - Drawdown Comparison
The maximum AGGG.L drawdown since its inception was -26.00%, which is greater than LQDH.L's maximum drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for AGGG.L and LQDH.L.
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Drawdown Indicators
| AGGG.L | LQDH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -23.77% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -1.39% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -2.81% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -6.42% | -17.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.77% | — |
Current DrawdownCurrent decline from peak | -12.99% | -0.51% | -12.48% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -1.46% | -8.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 0.41% | +1.18% |
Volatility
AGGG.L vs. LQDH.L - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.L) has a higher volatility of 1.27% compared to iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) (LQDH.L) at 0.93%. This indicates that AGGG.L's price experiences larger fluctuations and is considered to be riskier than LQDH.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 | LQDH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.93% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 2.21% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.55% | 3.19% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.02% | 4.87% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 6.41% | +0.02% |
AGGG.L vs. LQDH.L - Expense Ratio Comparison
AGGG.L has a 0.10% expense ratio, which is lower than LQDH.L's 0.25% 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. LQDH.L - Dividend Comparison
AGGG.L's dividend yield for the trailing twelve months is around 1.53%, less than LQDH.L's 4.34% 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% |
LQDH.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist) | 4.34% | 4.66% | 5.52% | 4.83% | 2.07% | 1.55% | 2.45% | 3.52% | 2.87% | 2.14% | 2.46% | 3.25% |
Frequently Asked Questions
AGGG.L and LQDH.L have a correlation of 0.04, 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 0.25% for LQDH.L.
AGGG.L tracks Bloomberg Global Aggregate Bond Index, while LQDH.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Dist). Their fees differ too: 0.10% for AGGG.L and 0.25% for LQDH.L.
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