EGOG.L vs. SAAA.L
EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) and SAAA.L (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) are both Global Bonds funds - EGOG.L tracks the Bloomberg Global Aggregate TR Hdg GBP while SAAA.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, EGOG.L returned -0.75%/yr vs -1.97%/yr for SAAA.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
EGOG.L vs. SAAA.L - Performance Comparison
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Different Trading Currencies
EGOG.L is traded in GBp, while SAAA.L is traded in GBP. To make them comparable, the SAAA.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 lower than SAAA.L's 0.29% 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*
- —
SAAA.L
- 1D
- 0.19%
- 1M
- 0.80%
- YTD
- 0.29%
- 6M
- 0.21%
- 1Y
- 3.05%
- 3Y*
- 1.29%
- 5Y*
- -1.97%
- 10Y*
- 0.39%
EGOG.L vs. SAAA.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% |
SAAA.L iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 0.29% | 2.96% | -3.46% | 2.32% | -11.40% | -6.94% | -1.40% |
Correlation
The correlation between EGOG.L and SAAA.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020 | 0.22 |
Over the past year, EGOG.L and SAAA.L have become more correlated (0.45) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
EGOG.L vs. SAAA.L — Risk / Return Rank
EGOG.L
SAAA.L
EGOG.L vs. SAAA.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 AAA-AA Government Bond UCITS ETF (Dist) (SAAA.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 | SAAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.79 | +0.17 |
| Martin ratioReturn relative to average drawdown | 2.28 | 1.74 | +0.54 |
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
| EGOG.L | SAAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.67 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.29 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.12 | -0.60 |
Drawdowns
EGOG.L vs. SAAA.L - Drawdown Comparison
The maximum EGOG.L drawdown since its inception was -16.69%, smaller than the maximum SAAA.L drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for EGOG.L and SAAA.L.
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Drawdown Indicators
| EGOG.L | SAAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -24.70% | +8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -3.83% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -5.68% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.73% | -18.85% | +3.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.70% | — |
Current DrawdownCurrent decline from peak | -7.30% | -18.59% | +11.29% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -9.88% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.75% | -0.53% |
Volatility
EGOG.L vs. SAAA.L - Volatility Comparison
UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) has a higher volatility of 1.57% compared to iShares Global AAA-AA Government Bond UCITS ETF (Dist) (SAAA.L) at 1.36%. This indicates that EGOG.L's price experiences larger fluctuations and is considered to be riskier than SAAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGOG.L | SAAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.36% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 3.45% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 4.50% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.63% | 6.75% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 7.86% | +0.76% |
EGOG.L vs. SAAA.L - Expense Ratio Comparison
Both EGOG.L and SAAA.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. SAAA.L - Dividend Comparison
EGOG.L's dividend yield for the trailing twelve months is around 2.71%, more than SAAA.L's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAAA.L iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.68% | 2.48% | 2.34% | 1.57% | 0.76% | 0.48% | 0.61% | 0.89% | 0.87% | 0.81% | 0.83% | 1.06% |
Frequently Asked Questions
EGOG.L and SAAA.L have a correlation of 0.45, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EGOG.L and SAAA.L have the same expense ratio: 0.20% per year.
EGOG.L tracks Bloomberg Global Aggregate TR Hdg GBP, while SAAA.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: UBS and iShares.
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