AGGG.L vs. VAGP.L
AGGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) are both Global Bonds funds - AGGG.L tracks the Bloomberg Global Aggregate Bond Index while VAGP.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, AGGG.L returned -2.10%/yr vs -0.95%/yr for VAGP.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
AGGG.L vs. VAGP.L - Performance Comparison
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Different Trading Currencies
AGGG.L is traded in USD, while VAGP.L is traded in GBP. To make them comparable, the VAGP.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 -2.44% return, which is significantly lower than VAGP.L's 0.09% return.
AGGG.L
- 1D
- 0.23%
- 1M
- -0.89%
- 6M
- -0.21%
- YTD
- -2.44%
- 1Y
- 0.02%
- 3Y*
- 2.03%
- 5Y*
- -2.10%
- 10Y*
- —
VAGP.L
- 1D
- -0.12%
- 1M
- 0.64%
- 6M
- 0.60%
- YTD
- 0.09%
- 1Y
- 3.22%
- 3Y*
- 4.69%
- 5Y*
- -0.95%
- 10Y*
- —
AGGG.L vs. VAGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -2.44% | 7.96% | -1.41% | 5.38% | -15.91% | -5.43% | 9.42% | 2.63% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.09% | 12.85% | 0.83% | 11.43% | -23.03% | -2.93% | 8.57% | 7.76% |
Correlation
The correlation between AGGG.L and VAGP.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.64 |
The correlation between AGGG.L and VAGP.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
AGGG.L vs. VAGP.L — Risk / Return Rank
AGGG.L
VAGP.L
AGGG.L vs. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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 | VAGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 0.58 | -0.58 |
| Martin ratioReturn relative to average drawdown | 0.01 | 1.28 | -1.27 |
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Drawdowns
AGGG.L vs. VAGP.L - Drawdown Comparison
The maximum AGGG.L drawdown since its inception was -26.00%, smaller than the maximum VAGP.L drawdown of -35.73%. Use the drawdown chart below to compare losses from any high point for AGGG.L and VAGP.L.
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Drawdown Indicators
| AGGG.L | VAGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -35.73% | +9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -5.53% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -11.71% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -24.36% | -35.64% | +11.28% |
Current DrawdownCurrent decline from peak | -12.97% | -6.71% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -11.50% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.50% | -0.90% |
Volatility
AGGG.L vs. VAGP.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.L) is 1.24%, while Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) has a volatility of 1.97%. This indicates that AGGG.L experiences smaller price fluctuations and is considered to be less risky than VAGP.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 | VAGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.97% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 6.40% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.52% | 8.27% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.02% | 10.81% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 10.76% | -4.33% |
AGGG.L vs. VAGP.L - Expense Ratio Comparison
Both AGGG.L and VAGP.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. VAGP.L - Dividend Comparison
AGGG.L's dividend yield for the trailing twelve months is around 1.64%, less than VAGP.L's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.64% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.55% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% | 0.00% |
Frequently Asked Questions
AGGG.L and VAGP.L have a correlation of 0.67, 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 VAGP.L have the same expense ratio: 0.10% per year.
AGGG.L tracks Bloomberg Global Aggregate Bond Index, while VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and Vanguard.
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