AGGU.L vs. HLQD.L
AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) and HLQD.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Acc)) are both exchange-traded funds - AGGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index, while HLQD.L is a USD Corporate Bond fund tracking the IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). Both are passively managed. Over the past 5 years, AGGU.L returned 0.42%/yr vs 5.41%/yr for HLQD.L. At a correlation of -0.05, they often move in opposite directions. AGGU.L charges 0.10%/yr vs 0.25%/yr for HLQD.L.
Performance
AGGU.L vs. HLQD.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 lower than HLQD.L's 2.24% 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*
- —
HLQD.L
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.96%
- YTD
- 2.24%
- 1Y
- 4.73%
- 3Y*
- 7.42%
- 5Y*
- 5.41%
- 10Y*
- —
AGGU.L vs. HLQD.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% | 1.93% |
HLQD.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Acc) | 2.24% | 5.47% | 8.15% | 11.14% | 0.41% | 1.25% | 0.54% | 10.77% | -0.71% |
Correlation
The correlation between AGGU.L and HLQD.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | -0.05 |
The correlation between AGGU.L and HLQD.L shifts across timeframes, from -0.05 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AGGU.L vs. HLQD.L — Risk / Return Rank
AGGU.L
HLQD.L
AGGU.L vs. HLQD.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 iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Acc) (HLQD.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 | HLQD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 3.40 | -1.96 |
| Martin ratioReturn relative to average drawdown | 4.15 | 10.85 | -6.69 |
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Drawdowns
AGGU.L vs. HLQD.L - Drawdown Comparison
The maximum AGGU.L drawdown since its inception was -15.55%, smaller than the maximum HLQD.L drawdown of -21.96%. Use the drawdown chart below to compare losses from any high point for AGGU.L and HLQD.L.
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Drawdown Indicators
| AGGU.L | HLQD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -21.96% | +6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -1.39% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -3.08% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.20% | -6.39% | -8.81% |
Current DrawdownCurrent decline from peak | -0.85% | -0.41% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -1.33% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.44% | +0.32% |
Volatility
AGGU.L vs. HLQD.L - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) has a higher volatility of 1.05% compared to iShares $ Corp Bond Interest Rate Hedged UCITS ETF USD (Acc) (HLQD.L) at 0.82%. This indicates that AGGU.L's price experiences larger fluctuations and is considered to be riskier than HLQD.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 | HLQD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 0.82% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.35% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.29% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.86% | 4.36% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 6.08% | -1.61% |
AGGU.L vs. HLQD.L - Expense Ratio Comparison
AGGU.L has a 0.10% expense ratio, which is lower than HLQD.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
AGGU.L vs. HLQD.L - Dividend Comparison
Neither AGGU.L nor HLQD.L has paid dividends to shareholders.
Frequently Asked Questions
AGGU.L and HLQD.L have a correlation of 0.09, 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 0.25% for HLQD.L.
AGGU.L is categorized as Global Bonds, while HLQD.L is USD Corporate Bond. AGGU.L tracks Bloomberg Global Aggregate Bond Index, while HLQD.L tracks IBOXX US Dollar Liquid Investment Grade IR Hedged Index (USD). Their fees differ too: 0.10% for AGGU.L and 0.25% for HLQD.L.
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