EGOG.L vs. XBGG.L
EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) and XBGG.L (Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR Hdg GBP, from UBS and Xtrackers respectively. Both are passively managed. Over the past 5 years, EGOG.L returned -0.75%/yr vs -0.30%/yr for XBGG.L. At a 0.33 correlation, their price movements are largely independent. EGOG.L charges 0.20%/yr vs 0.15%/yr for XBGG.L.
Performance
EGOG.L vs. XBGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, EGOG.L achieves a -0.03% return, which is significantly lower than XBGG.L's 0.16% 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*
- —
XBGG.L
- 1D
- 0.17%
- 1M
- 0.43%
- YTD
- 0.16%
- 6M
- 0.38%
- 1Y
- 3.11%
- 3Y*
- 3.48%
- 5Y*
- -0.30%
- 10Y*
- 0.78%
EGOG.L vs. XBGG.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% |
XBGG.L Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged | 0.16% | 4.60% | 2.19% | 5.74% | -13.34% | -1.53% | 0.16% |
Correlation
The correlation between EGOG.L and XBGG.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020 | 0.33 |
Over the past year, EGOG.L and XBGG.L have become more correlated (0.65) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
EGOG.L vs. XBGG.L — Risk / Return Rank
EGOG.L
XBGG.L
EGOG.L vs. XBGG.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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.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 | XBGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.15 | -0.19 |
| Martin ratioReturn relative to average drawdown | 2.28 | 3.33 | -1.05 |
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 | XBGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.94 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.07 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.19 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.21 | -0.69 |
Drawdowns
EGOG.L vs. XBGG.L - Drawdown Comparison
The maximum EGOG.L drawdown since its inception was -16.69%, roughly equal to the maximum XBGG.L drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for EGOG.L and XBGG.L.
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Drawdown Indicators
| EGOG.L | XBGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.69% | -17.06% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.70% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -3.48% | -3.91% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.73% | -16.89% | +1.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.06% | — |
Current DrawdownCurrent decline from peak | -7.30% | -3.55% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -4.80% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.93% | +0.29% |
Volatility
EGOG.L vs. XBGG.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 Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.L) at 1.46%. This indicates that EGOG.L's price experiences larger fluctuations and is considered to be riskier than XBGG.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 | XBGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.46% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.64% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.29% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.63% | 4.52% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.62% | 4.05% | +4.57% |
EGOG.L vs. XBGG.L - Expense Ratio Comparison
EGOG.L has a 0.20% expense ratio, which is higher than XBGG.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EGOG.L vs. XBGG.L - Dividend Comparison
EGOG.L's dividend yield for the trailing twelve months is around 2.71%, less than XBGG.L's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XBGG.L Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged | 2.96% | 2.93% | 3.04% | 2.00% | 2.76% | 0.79% | 1.35% | 1.72% | 1.42% |
Frequently Asked Questions
EGOG.L and XBGG.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBGG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBGG.L is cheaper with a 0.15% expense ratio, compared with 0.20% for EGOG.L.
Both ETFs track Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.20% for EGOG.L and 0.15% for XBGG.L.
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