EGOG.L vs. IGLA.L

Last updated Jun 5, 2026

EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) and IGLA.L (iShares Global Govt Bond UCITS Acc) are both Global Bonds funds - EGOG.L tracks the Bloomberg Global Aggregate TR Hdg GBP while IGLA.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, EGOG.L returned -0.75%/yr vs -2.31%/yr for IGLA.L. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

EGOG.L vs. IGLA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) and iShares Global Govt Bond UCITS Acc (IGLA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EGOG.L is traded in GBp, while IGLA.L is traded in USD. To make them comparable, the IGLA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, EGOG.L achieves a -0.03% return, which is significantly higher than IGLA.L's -0.93% return.

EGOG.L

• 1D: 0.04%
• 1M: 0.37%
• YTD: -0.03%
• 6M: -0.16%
• 1Y: 1.76%
• 3Y*: 2.65%
• 5Y*: -0.75%
• 10Y*: —

IGLA.L

• 1D: 0.19%
• 1M: 0.86%
• YTD: -0.93%
• 6M: -1.80%
• 1Y: 1.03%
• 3Y*: -1.09%
• 5Y*: -2.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EGOG.L vs. IGLA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis	-0.03%	3.06%	2.00%	3.46%	-13.02%	-1.80%	-0.02%
IGLA.L iShares Global Govt Bond UCITS Acc	-0.93%	-1.46%	-1.28%	-1.21%	-8.02%	-5.97%	-2.40%

Correlation

The correlation between EGOG.L and IGLA.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020	0.14

The correlation between EGOG.L and IGLA.L shifts across timeframes, from 0.14 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EGOG.L vs. IGLA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EGOG.L

EGOG.L Risk / Return Rank: 21
EGOG.L Sharpe Ratio Rank: 22
EGOG.L Sortino Ratio Rank: 22
EGOG.L Omega Ratio Rank: 20
EGOG.L Calmar Ratio Rank: 22
EGOG.L Martin Ratio Rank: 20

IGLA.L

IGLA.L Risk / Return Rank: 9
IGLA.L Sharpe Ratio Rank: 9
IGLA.L Sortino Ratio Rank: 8
IGLA.L Omega Ratio Rank: 8
IGLA.L Calmar Ratio Rank: 9
IGLA.L Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EGOG.L vs. IGLA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) and iShares Global Govt Bond UCITS Acc (IGLA.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.

	EGOG.L	IGLA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.73	0.17	+0.57
Sortino ratio: Return per unit of downside risk	1.10	0.28	+0.82
Omega ratio: Gain probability vs. loss probability	1.12	1.03	+0.09
Calmar ratio: Return relative to maximum drawdown	0.96	0.20	+0.75
Martin ratio: Return relative to average drawdown	2.28	0.40	+1.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EGOG.L vs. IGLA.L - Sharpe Ratio Comparison

The current EGOG.L Sharpe Ratio is 0.73, which is higher than the IGLA.L Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of EGOG.L and IGLA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EGOG.L	IGLA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.17	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	-0.28	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	-0.10	-0.38

Drawdowns

EGOG.L vs. IGLA.L - Drawdown Comparison

The maximum EGOG.L drawdown since its inception was -16.69%, smaller than the maximum IGLA.L drawdown of -25.17%. Use the drawdown chart below to compare losses from any high point for EGOG.L and IGLA.L.

Drawdown Indicators

	EGOG.L	IGLA.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.69%	-25.17%	+8.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	-5.04%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-3.48%	-6.12%	+2.64%
Max Drawdown (5Y) Largest decline over 5 years	-15.73%	-17.06%	+1.33%
Current Drawdown Current decline from peak	-7.30%	-23.63%	+16.33%
Average Drawdown Average peak-to-trough decline	-8.24%	-13.55%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	2.60%	-1.38%

Volatility

EGOG.L vs. IGLA.L - Volatility Comparison

The current volatility for UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) is 1.57%, while iShares Global Govt Bond UCITS Acc (IGLA.L) has a volatility of 2.02%. This indicates that EGOG.L experiences smaller price fluctuations and is considered to be less risky than IGLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGOG.L	IGLA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	2.02%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	2.89%	4.90%	-2.01%
Volatility (1Y) Calculated over the trailing 1-year period	4.00%	6.13%	-2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.63%	8.23%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.62%	8.47%	+0.15%

EGOG.L vs. IGLA.L - Expense Ratio Comparison

Both EGOG.L and IGLA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EGOG.L vs. IGLA.L - Dividend Comparison

EGOG.L's dividend yield for the trailing twelve months is around 2.71%, while IGLA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis	2.71%	2.91%	2.30%	1.44%	0.44%	0.17%
IGLA.L iShares Global Govt Bond UCITS Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EGOG.L and IGLA.L in my portfolio?

EGOG.L and IGLA.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EGOG.L or IGLA.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EGOG.L or IGLA.L?

EGOG.L and IGLA.L have the same expense ratio: 0.20% per year.

What is the main difference between EGOG.L and IGLA.L?

EGOG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while IGLA.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: UBS and iShares.