FGOV.L vs. GAGG.L
Compare and contrast key facts about First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) and Amundi Index Barclays Global Agg 500M (GAGG.L).
FGOV.L and GAGG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGOV.L is a passively managed fund by First Trust that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Oct 1, 2020. GAGG.L is a passively managed fund by Amundi that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Oct 21, 2016. Both FGOV.L and GAGG.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
FGOV.L vs. GAGG.L - Performance Comparison
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FGOV.L vs. GAGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 0.05% | 5.31% | 3.51% | 6.01% | -7.49% | -6.11% | 0.70% |
GAGG.L Amundi Index Barclays Global Agg 500M | 0.40% | 0.42% | 0.19% | -0.73% | -5.96% | -3.91% | -2.29% |
Returns By Period
In the year-to-date period, FGOV.L achieves a 0.05% return, which is significantly lower than GAGG.L's 0.40% return.
FGOV.L
- 1D
- 0.15%
- 1M
- -1.33%
- YTD
- 0.05%
- 6M
- 0.76%
- 1Y
- 4.39%
- 3Y*
- 4.28%
- 5Y*
- 0.67%
- 10Y*
- —
GAGG.L
- 1D
- -0.24%
- 1M
- -1.24%
- YTD
- 0.40%
- 6M
- 1.00%
- 1Y
- 1.43%
- 3Y*
- 0.12%
- 5Y*
- -0.82%
- 10Y*
- —
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FGOV.L vs. GAGG.L - Expense Ratio Comparison
FGOV.L has a 0.45% expense ratio, which is higher than GAGG.L's 0.03% expense ratio.
Return for Risk
FGOV.L vs. GAGG.L — Risk / Return Rank
FGOV.L
GAGG.L
FGOV.L vs. GAGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) and Amundi Index Barclays Global Agg 500M (GAGG.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.
| FGOV.L | GAGG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.58 | 0.28 | +2.30 |
Sortino ratioReturn per unit of downside risk | 3.66 | 0.46 | +3.21 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.05 | +0.51 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.41 | +2.02 |
Martin ratioReturn relative to average drawdown | 10.76 | 0.74 | +10.01 |
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
| FGOV.L | GAGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 0.28 | +2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.12 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.03 | +0.03 |
Correlation
The correlation between FGOV.L and GAGG.L is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FGOV.L vs. GAGG.L - Dividend Comparison
FGOV.L's dividend yield for the trailing twelve months is around 3.11%, while GAGG.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 3.11% | 2.82% | 2.27% | 1.86% | 1.01% | 1.20% |
GAGG.L Amundi Index Barclays Global Agg 500M | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGOV.L vs. GAGG.L - Drawdown Comparison
The maximum FGOV.L drawdown since its inception was -14.18%, smaller than the maximum GAGG.L drawdown of -19.47%. Use the drawdown chart below to compare losses from any high point for FGOV.L and GAGG.L.
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Drawdown Indicators
| FGOV.L | GAGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.18% | -19.47% | +5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.74% | -4.17% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -11.99% | -14.17% | +2.18% |
Current DrawdownCurrent decline from peak | -1.40% | -13.75% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -9.59% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 2.31% | -1.92% |
Volatility
FGOV.L vs. GAGG.L - Volatility Comparison
The current volatility for First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) is 0.83%, while Amundi Index Barclays Global Agg 500M (GAGG.L) has a volatility of 1.48%. This indicates that FGOV.L experiences smaller price fluctuations and is considered to be less risky than GAGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGOV.L | GAGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.48% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 3.55% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.70% | 5.15% | -3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 6.60% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.19% | 7.22% | -4.03% |