AGGU.L vs. GLBL.L
AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) and GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) are both Global Bonds funds - AGGU.L tracks the Bloomberg Global Aggregate Bond Index while GLBL.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, AGGU.L returned 0.70%/yr vs -1.61%/yr for GLBL.L. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
AGGU.L vs. GLBL.L - Performance Comparison
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Different Trading Currencies
AGGU.L is traded in USD, while GLBL.L is traded in GBP. To make them comparable, the GLBL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGGU.L achieves a 1.03% return, which is significantly higher than GLBL.L's -0.43% return.
AGGU.L
- 1D
- 0.17%
- 1M
- 0.86%
- YTD
- 1.03%
- 6M
- 1.21%
- 1Y
- 3.53%
- 3Y*
- 4.26%
- 5Y*
- 0.70%
- 10Y*
- —
GLBL.L
- 1D
- 0.05%
- 1M
- -0.40%
- YTD
- -0.43%
- 6M
- -0.31%
- 1Y
- 0.98%
- 3Y*
- 3.14%
- 5Y*
- -1.61%
- 10Y*
- —
AGGU.L vs. GLBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 1.03% | 4.68% | 3.54% | 6.65% | -11.53% | -1.81% | 5.15% | 8.16% | 2.23% |
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | -0.43% | 8.25% | -1.64% | 4.83% | -16.04% | -4.83% | 8.54% | 7.45% | -31.22% |
Correlation
The correlation between AGGU.L and GLBL.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018 | 0.50 |
The correlation between AGGU.L and GLBL.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
AGGU.L vs. GLBL.L — Risk / Return Rank
AGGU.L
GLBL.L
AGGU.L vs. GLBL.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 Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.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 | GLBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.03 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.25 | +1.35 |
| Martin ratioReturn relative to average drawdown | 4.74 | 0.65 | +4.09 |
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Drawdowns
AGGU.L vs. GLBL.L - Drawdown Comparison
The maximum AGGU.L drawdown since its inception was -15.55%, smaller than the maximum GLBL.L drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for AGGU.L and GLBL.L.
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Drawdown Indicators
| AGGU.L | GLBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -40.58% | +25.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -3.96% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -7.06% | +3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -15.20% | -24.63% | +9.43% |
Current DrawdownCurrent decline from peak | -0.34% | -28.78% | +28.44% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -29.64% | +25.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 1.52% | -0.78% |
Volatility
AGGU.L vs. GLBL.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) is 0.88%, while SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) has a volatility of 1.64%. This indicates that AGGU.L experiences smaller price fluctuations and is considered to be less risky than GLBL.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 | GLBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.64% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 4.42% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 5.64% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 7.48% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 12.13% | -7.66% |
AGGU.L vs. GLBL.L - Expense Ratio Comparison
Both AGGU.L and GLBL.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. GLBL.L - Dividend Comparison
AGGU.L has not paid dividends to shareholders, while GLBL.L's dividend yield for the trailing twelve months is around 3.10%.
| 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% |
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | 3.10% | 3.14% | 2.76% | 2.05% | 1.39% | 1.22% | 1.54% | 1.67% | 1.06% |
Frequently Asked Questions
AGGU.L and GLBL.L have a correlation of 0.52, 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 GLBL.L have the same expense ratio: 0.10% per year.
AGGU.L tracks Bloomberg Global Aggregate Bond Index, while GLBL.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and State Street.
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