EGOV.L vs. VAGP.L
EGOV.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc) and VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) are both Global Bonds funds - EGOV.L tracks the Bloomberg Global Aggregate TR USD while VAGP.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, EGOV.L returned -2.07%/yr vs -0.24%/yr for VAGP.L. At a 0.49 correlation, their price movements are largely independent. EGOV.L charges 0.15%/yr vs 0.10%/yr for VAGP.L.
Performance
EGOV.L vs. VAGP.L - Performance Comparison
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Different Trading Currencies
EGOV.L is traded in GBp, while VAGP.L is traded in GBP. To make them comparable, the VAGP.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 -1.11% return, which is significantly lower than VAGP.L's 0.19% return.
EGOV.L
- 1D
- 0.12%
- 1M
- 0.64%
- YTD
- -1.11%
- 6M
- -1.50%
- 1Y
- 0.45%
- 3Y*
- -0.82%
- 5Y*
- -2.07%
- 10Y*
- —
VAGP.L
- 1D
- 0.29%
- 1M
- 0.35%
- YTD
- 0.19%
- 6M
- 0.36%
- 1Y
- 3.24%
- 3Y*
- 3.74%
- 5Y*
- -0.24%
- 10Y*
- —
EGOV.L vs. VAGP.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 | -1.11% | 0.21% | -2.55% | -1.25% | -7.09% | -5.75% | 5.54% | -1.92% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.19% | 4.96% | 2.51% | 5.84% | -13.81% | -2.03% | 5.31% | 0.10% |
Correlation
The correlation between EGOV.L and VAGP.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 | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.49 |
The correlation between EGOV.L and VAGP.L shifts across timeframes, from 0.45 (1 year) to 0.59 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EGOV.L vs. VAGP.L — Risk / Return Rank
EGOV.L
VAGP.L
EGOV.L vs. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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 | VAGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.17 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.15 | -1.05 |
| Martin ratioReturn relative to average drawdown | 0.20 | 3.41 | -3.21 |
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 | VAGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.97 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.05 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.12 | -0.37 |
Drawdowns
EGOV.L vs. VAGP.L - Drawdown Comparison
The maximum EGOV.L drawdown since its inception was -25.11%, which is greater than VAGP.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for EGOV.L and VAGP.L.
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Drawdown Indicators
| EGOV.L | VAGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.11% | -18.13% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.49% | -2.80% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -5.55% | -4.04% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.45% | -17.70% | +1.25% |
Current DrawdownCurrent decline from peak | -22.96% | -3.76% | -19.20% |
Average DrawdownAverage peak-to-trough decline | -16.59% | -6.70% | -9.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.95% | +1.30% |
Volatility
EGOV.L vs. VAGP.L - Volatility Comparison
UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) have volatilities of 1.39% and 1.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGOV.L | VAGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.39% | 1.43% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | 2.79% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.51% | 3.35% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.13% | 4.78% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 4.50% | +4.27% |
EGOV.L vs. VAGP.L - Expense Ratio Comparison
EGOV.L has a 0.15% expense ratio, which is higher than VAGP.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%.
Dividends
EGOV.L vs. VAGP.L - Dividend Comparison
EGOV.L has not paid dividends to shareholders, while VAGP.L's dividend yield for the trailing twelve months is around 3.55%.
| Position | TTM | 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 | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.55% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% |
Frequently Asked Questions
EGOV.L and VAGP.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.
On fees, VAGP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGP.L is cheaper with a 0.10% expense ratio, compared with 0.15% for EGOV.L.
EGOV.L tracks Bloomberg Global Aggregate TR USD, while VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.15% for EGOV.L and 0.10% for VAGP.L.
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