EGOV.L vs. GLAD.L
Compare and contrast key facts about UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L) and SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L).
EGOV.L and GLAD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EGOV.L is a passively managed fund by UBS that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Oct 1, 2019. GLAD.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate TR Hdg USD. It was launched on Oct 9, 2019. Both EGOV.L and GLAD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EGOV.L vs. GLAD.L - Performance Comparison
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EGOV.L vs. GLAD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EGOV.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc | 0.01% | 0.21% | -2.55% | -1.25% | -7.09% | -5.75% | 5.54% | -1.92% |
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 1.55% | -2.74% | 5.03% | 1.40% | -0.92% | -0.43% | 2.12% | -2.86% |
Different Trading Currencies
EGOV.L is traded in GBp, while GLAD.L is traded in USD. To make them comparable, the GLAD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EGOV.L achieves a 0.01% return, which is significantly lower than GLAD.L's 1.55% return.
EGOV.L
- 1D
- 0.33%
- 1M
- -1.52%
- YTD
- 0.01%
- 6M
- -0.27%
- 1Y
- 0.50%
- 3Y*
- -1.21%
- 5Y*
- -1.98%
- 10Y*
- —
GLAD.L
- 1D
- 0.05%
- 1M
- -0.22%
- YTD
- 1.55%
- 6M
- 2.45%
- 1Y
- 0.82%
- 3Y*
- 1.49%
- 5Y*
- 1.46%
- 10Y*
- —
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EGOV.L vs. GLAD.L - Expense Ratio Comparison
EGOV.L has a 0.15% expense ratio, which is higher than GLAD.L's 0.10% 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%.
Return for Risk
EGOV.L vs. GLAD.L — Risk / Return Rank
EGOV.L
GLAD.L
EGOV.L vs. GLAD.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 (USD) A-acc (EGOV.L) and SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.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.
| EGOV.L | GLAD.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 0.11 | +0.04 |
Sortino ratioReturn per unit of downside risk | 0.28 | 0.21 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.24 | -0.12 |
Martin ratioReturn relative to average drawdown | 0.20 | 0.41 | -0.21 |
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
| EGOV.L | GLAD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.11 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.17 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | 0.02 | -0.25 |
Correlation
The correlation between EGOV.L and GLAD.L is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
EGOV.L vs. GLAD.L - Dividend Comparison
Neither EGOV.L nor GLAD.L has paid dividends to shareholders.
Drawdowns
EGOV.L vs. GLAD.L - Drawdown Comparison
The maximum EGOV.L drawdown since its inception was -25.11%, which is greater than GLAD.L's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for EGOV.L and GLAD.L.
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Drawdown Indicators
| EGOV.L | GLAD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.11% | -15.20% | -9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -2.31% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -16.45% | -15.05% | -1.40% |
Current DrawdownCurrent decline from peak | -22.09% | -1.63% | -20.46% |
Average DrawdownAverage peak-to-trough decline | -16.42% | -4.63% | -11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.69% | +1.84% |
Volatility
EGOV.L vs. GLAD.L - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L) is 1.61%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) has a volatility of 2.46%. This indicates that EGOV.L experiences smaller price fluctuations and is considered to be less risky than GLAD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGOV.L | GLAD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 2.46% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 4.85% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 7.21% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.20% | 8.58% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.86% | 8.89% | -0.03% |