FLOA.L vs. VAGE.DE
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and VAGE.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist) are both exchange-traded funds - FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while VAGE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, FLOA.L returned 4.28%/yr vs -2.56%/yr for VAGE.DE. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
FLOA.L vs. VAGE.DE - Performance Comparison
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Different Trading Currencies
FLOA.L is traded in USD, while VAGE.DE is traded in EUR. To make them comparable, the VAGE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLOA.L achieves a 2.04% return, which is significantly higher than VAGE.DE's -1.72% return.
FLOA.L
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- 2.04%
- 6M
- 2.24%
- 1Y
- 5.02%
- 3Y*
- 5.73%
- 5Y*
- 4.28%
- 10Y*
- —
VAGE.DE
- 1D
- 0.22%
- 1M
- -0.53%
- YTD
- -1.72%
- 6M
- -0.85%
- 1Y
- 2.95%
- 3Y*
- 4.85%
- 5Y*
- -2.56%
- 10Y*
- —
FLOA.L vs. VAGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.04% | 4.98% | 6.42% | 6.62% | 1.35% | 0.42% | 0.86% | 1.58% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | -1.72% | 16.57% | -5.03% | 7.79% | -19.44% | -10.47% | 15.10% | -0.50% |
Correlation
The correlation between FLOA.L and VAGE.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.05 |
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Return for Risk
FLOA.L vs. VAGE.DE — Risk / Return Rank
FLOA.L
VAGE.DE
FLOA.L vs. VAGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE). 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.
| FLOA.L | VAGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +6.28 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.07 | +1.01 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 0.49 | +10.01 |
| Martin ratioReturn relative to average drawdown | 55.93 | 1.20 | +54.73 |
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
| FLOA.L | VAGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.02 | 0.36 | +3.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.16 | -0.26 | +2.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | -0.05 | +0.84 |
Drawdowns
FLOA.L vs. VAGE.DE - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum VAGE.DE drawdown of -36.01%. Use the drawdown chart below to compare losses from any high point for FLOA.L and VAGE.DE.
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Drawdown Indicators
| FLOA.L | VAGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -36.01% | +21.05% |
Max Drawdown (1Y)Largest decline over 1 year | -0.48% | -5.94% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -11.22% | +9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -33.82% | +31.29% |
Current DrawdownCurrent decline from peak | -0.06% | -15.43% | +15.37% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -15.59% | +15.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.46% | -2.37% |
Volatility
FLOA.L vs. VAGE.DE - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.49%, while Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist (VAGE.DE) has a volatility of 2.33%. This indicates that FLOA.L experiences smaller price fluctuations and is considered to be less risky than VAGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOA.L | VAGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.33% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 5.81% | -4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 8.14% | -6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 9.76% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 9.28% | -5.01% |
FLOA.L vs. VAGE.DE - Expense Ratio Comparison
Both FLOA.L and VAGE.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FLOA.L vs. VAGE.DE - Dividend Comparison
FLOA.L has not paid dividends to shareholders, while VAGE.DE's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VAGE.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Dist | 3.60% | 3.51% | 3.13% | 2.39% | 1.47% | 0.87% | 1.20% | 0.60% |
Frequently Asked Questions
FLOA.L and VAGE.DE have a correlation of 0.07, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L and VAGE.DE have the same expense ratio: 0.10% per year.
FLOA.L is categorized as Corporate Bonds, while VAGE.DE is Global Bonds. FLOA.L tracks Bloomberg US Corp Bond TR USD, while VAGE.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: iShares and Vanguard.
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