AGGU.L vs. GLAD.L
AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) and GLAD.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) are both Global Bonds funds - AGGU.L tracks the Bloomberg Global Aggregate Bond Index while GLAD.L tracks the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, AGGU.L returned 0.58%/yr vs 0.65%/yr for GLAD.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
AGGU.L vs. GLAD.L - Performance Comparison
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Returns By Period
In the year-to-date period, AGGU.L achieves a 0.36% return, which is significantly lower than GLAD.L's 0.54% return.
AGGU.L
- 1D
- 0.09%
- 1M
- 0.15%
- YTD
- 0.36%
- 6M
- 0.66%
- 1Y
- 3.26%
- 3Y*
- 4.17%
- 5Y*
- 0.58%
- 10Y*
- —
GLAD.L
- 1D
- 0.15%
- 1M
- 0.14%
- YTD
- 0.54%
- 6M
- 0.72%
- 1Y
- 3.48%
- 3Y*
- 4.15%
- 5Y*
- 0.65%
- 10Y*
- —
AGGU.L vs. GLAD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.36% | 4.72% | 3.45% | 6.71% | -11.53% | -1.81% | 5.15% | -0.13% |
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 0.54% | 4.72% | 3.23% | 6.73% | -11.24% | -1.59% | 5.21% | -0.04% |
Correlation
The correlation between AGGU.L and GLAD.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2019 | 0.82 |
The correlation between AGGU.L and GLAD.L has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
AGGU.L vs. GLAD.L — Risk / Return Rank
AGGU.L
GLAD.L
AGGU.L vs. GLAD.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.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.
| AGGU.L | GLAD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.51 | -0.06 |
| Martin ratioReturn relative to average drawdown | 4.44 | 4.60 | -0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGGU.L | GLAD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.09 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.15 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.23 | +0.18 |
Drawdowns
AGGU.L vs. GLAD.L - Drawdown Comparison
The maximum AGGU.L drawdown since its inception was -15.55%, roughly equal to the maximum GLAD.L drawdown of -15.20%. Use the drawdown chart below to compare losses from any high point for AGGU.L and GLAD.L.
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Drawdown Indicators
| AGGU.L | GLAD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -15.20% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -2.30% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -3.78% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.20% | -15.05% | -0.15% |
Current DrawdownCurrent decline from peak | -1.02% | -1.01% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -4.55% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.76% | -0.03% |
Volatility
AGGU.L vs. GLAD.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) is 1.26%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) has a volatility of 1.38%. This indicates that AGGU.L experiences smaller price fluctuations and is considered to be less risky than GLAD.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 | GLAD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.38% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.63% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.08% | 3.19% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 4.48% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.43% | 4.27% | +0.16% |
AGGU.L vs. GLAD.L - Expense Ratio Comparison
Both AGGU.L and GLAD.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
AGGU.L vs. GLAD.L - Dividend Comparison
Neither AGGU.L nor GLAD.L has paid dividends to shareholders.
Frequently Asked Questions
AGGU.L and GLAD.L have a correlation of 0.89, 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.
AGGU.L and GLAD.L have the same expense ratio: 0.10% per year.
AGGU.L tracks Bloomberg Global Aggregate Bond Index, while GLAD.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: iShares and State Street.
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