AGGU.L vs. FLUC.L
AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) and FLUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - AGGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index, while FLUC.L is a Corporate Bonds fund tracking the Bloomberg US Corporate - Investment Grade Index. Both are passively managed. Over the past 5 years, AGGU.L returned 0.42%/yr vs -0.29%/yr for FLUC.L. A 0.73 correlation means they provide meaningful diversification when combined. AGGU.L charges 0.10%/yr vs 0.35%/yr for FLUC.L.
Performance
AGGU.L vs. FLUC.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGGU.L achieves a 0.52% return, which is significantly higher than FLUC.L's -0.38% return.
AGGU.L
- 1D
- 0.17%
- 1M
- -0.34%
- 6M
- 0.52%
- YTD
- 0.52%
- 1Y
- 3.18%
- 3Y*
- 4.08%
- 5Y*
- 0.42%
- 10Y*
- —
FLUC.L
- 1D
- 0.08%
- 1M
- -0.38%
- 6M
- -0.09%
- YTD
- -0.38%
- 1Y
- 4.18%
- 3Y*
- 4.44%
- 5Y*
- -0.29%
- 10Y*
- —
AGGU.L vs. FLUC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.52% | 4.68% | 3.54% | 6.65% | -11.53% | -1.81% | 5.15% | 8.16% | 1.89% |
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | -0.38% | 7.46% | 2.08% | 7.77% | -15.53% | -2.24% | 9.76% | 14.52% | 0.68% |
Correlation
The correlation between AGGU.L and FLUC.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018 | 0.73 |
The correlation between AGGU.L and FLUC.L shifts across timeframes, from 0.59 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGGU.L vs. FLUC.L — Risk / Return Rank
AGGU.L
FLUC.L
AGGU.L vs. FLUC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) and Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.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.
| AGGU.L | FLUC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.59 | -0.16 |
| Martin ratioReturn relative to average drawdown | 4.15 | 4.39 | -0.23 |
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Drawdowns
AGGU.L vs. FLUC.L - Drawdown Comparison
The maximum AGGU.L drawdown since its inception was -15.55%, smaller than the maximum FLUC.L drawdown of -22.30%. Use the drawdown chart below to compare losses from any high point for AGGU.L and FLUC.L.
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Drawdown Indicators
| AGGU.L | FLUC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -22.30% | +6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -2.61% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -6.03% | +2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -15.20% | -22.12% | +6.92% |
Current DrawdownCurrent decline from peak | -0.85% | -2.74% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -6.53% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.95% | -0.19% |
Volatility
AGGU.L vs. FLUC.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) is 1.05%, while Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) has a volatility of 1.37%. This indicates that AGGU.L experiences smaller price fluctuations and is considered to be less risky than FLUC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGGU.L | FLUC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.37% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 3.75% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 4.93% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 6.76% | -1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 7.08% | -2.61% |
AGGU.L vs. FLUC.L - Expense Ratio Comparison
AGGU.L has a 0.10% expense ratio, which is lower than FLUC.L's 0.35% expense ratio.
Dividends
AGGU.L vs. FLUC.L - Dividend Comparison
AGGU.L has not paid dividends to shareholders, while FLUC.L's dividend yield for the trailing twelve months is around 4.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | 4.22% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% |
Frequently Asked Questions
AGGU.L and FLUC.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGU.L is cheaper with a 0.10% expense ratio, compared with 0.35% for FLUC.L.
AGGU.L is categorized as Global Bonds, while FLUC.L is Corporate Bonds. AGGU.L tracks Bloomberg Global Aggregate Bond Index, while FLUC.L tracks Bloomberg US Corporate - Investment Grade Index. They also come from different issuers: iShares and Franklin. Their fees differ too: 0.10% for AGGU.L and 0.35% for FLUC.L.
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