AGHG.L vs. IGLO.L
AGHG.L (Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D)) and IGLO.L (iShares Global Government Bond UCITS) are both Global Bonds funds - AGHG.L tracks the Bloomberg Global Aggregate TR Hdg GBP while IGLO.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 3 years, AGHG.L returned 3.56%/yr vs -1.11%/yr for IGLO.L. At a 0.50 correlation, their price movements are largely independent. AGHG.L charges 0.08%/yr vs 0.20%/yr for IGLO.L.
Performance
AGHG.L vs. IGLO.L - Performance Comparison
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Different Trading Currencies
AGHG.L is traded in GBp, while IGLO.L is traded in USD. To make them comparable, the IGLO.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AGHG.L achieves a 0.25% return, which is significantly higher than IGLO.L's -1.22% return.
AGHG.L
- 1D
- -0.30%
- 1M
- -0.19%
- YTD
- 0.25%
- 6M
- 0.53%
- 1Y
- 3.09%
- 3Y*
- 3.56%
- 5Y*
- —
- 10Y*
- —
IGLO.L
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- -1.22%
- 6M
- -1.38%
- 1Y
- 1.03%
- 3Y*
- -1.11%
- 5Y*
- -2.30%
- 10Y*
- -0.04%
AGHG.L vs. IGLO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AGHG.L Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D) | 0.25% | 4.32% | 2.99% | 5.41% | -11.93% | -0.37% |
IGLO.L iShares Global Government Bond UCITS | -1.22% | -0.49% | -1.96% | -1.20% | -7.90% | -0.55% |
Correlation
The correlation between AGHG.L and IGLO.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.50 |
The correlation between AGHG.L and IGLO.L has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
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Return for Risk
AGHG.L vs. IGLO.L — Risk / Return Rank
AGHG.L
IGLO.L
AGHG.L vs. IGLO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D) (AGHG.L) and iShares Global Government Bond UCITS (IGLO.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.
| AGHG.L | IGLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.03 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.20 | +1.17 |
| Martin ratioReturn relative to average drawdown | 3.94 | 0.39 | +3.54 |
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
| AGHG.L | IGLO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.16 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.28 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.07 | -0.09 |
Drawdowns
AGHG.L vs. IGLO.L - Drawdown Comparison
The maximum AGHG.L drawdown since its inception was -15.71%, smaller than the maximum IGLO.L drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for AGHG.L and IGLO.L.
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Drawdown Indicators
| AGHG.L | IGLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -25.42% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -5.07% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -5.77% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.42% | — |
Current DrawdownCurrent decline from peak | -2.08% | -23.91% | +21.83% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -11.01% | +3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.61% | -1.83% |
Volatility
AGHG.L vs. IGLO.L - Volatility Comparison
The current volatility for Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D) (AGHG.L) is 1.19%, while iShares Global Government Bond UCITS (IGLO.L) has a volatility of 1.91%. This indicates that AGHG.L experiences smaller price fluctuations and is considered to be less risky than IGLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGHG.L | IGLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.91% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 5.14% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 6.29% | -3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 8.31% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 9.56% | -5.42% |
AGHG.L vs. IGLO.L - Expense Ratio Comparison
AGHG.L has a 0.08% expense ratio, which is lower than IGLO.L's 0.20% 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
AGHG.L vs. IGLO.L - Dividend Comparison
AGHG.L's dividend yield for the trailing twelve months is around 2.98%, less than IGLO.L's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGHG.L Amundi Index Global Aggregate 500M UCITS ETF DR - Hedged GBP (D) | 2.98% | 2.98% | 2.77% | 2.55% | 2.18% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLO.L iShares Global Government Bond UCITS | 3.11% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
Frequently Asked Questions
AGHG.L and IGLO.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGHG.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGHG.L is cheaper with a 0.08% expense ratio, compared with 0.20% for IGLO.L.
AGHG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while IGLO.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.08% for AGHG.L and 0.20% for IGLO.L.
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