FLRG.L vs. IGLH.L
FLRG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) and IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) are both Global Bonds funds - FLRG.L tracks the Bloomberg Global Aggregate EUR Green Bond Index while IGLH.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, FLRG.L returned -2.18%/yr vs -1.55%/yr for IGLH.L. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
FLRG.L vs. IGLH.L - Performance Comparison
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Different Trading Currencies
FLRG.L is traded in EUR, while IGLH.L is traded in GBP. To make them comparable, the IGLH.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLRG.L achieves a 0.63% return, which is significantly lower than IGLH.L's 3.51% return.
FLRG.L
- 1D
- -0.04%
- 1M
- -0.62%
- 6M
- 0.00%
- YTD
- 0.63%
- 1Y
- 1.31%
- 3Y*
- 3.27%
- 5Y*
- -2.18%
- 10Y*
- —
IGLH.L
- 1D
- -0.50%
- 1M
- 0.94%
- 6M
- 1.34%
- YTD
- 3.51%
- 1Y
- 2.27%
- 3Y*
- 2.10%
- 5Y*
- -1.55%
- 10Y*
- —
FLRG.L vs. IGLH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.63% | 0.59% | 2.78% | 7.71% | -18.99% | -3.01% | 5.46% | 3.44% |
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 3.51% | -4.55% | 5.47% | 7.01% | -18.04% | 3.94% | -0.67% | 5.05% |
Correlation
The correlation between FLRG.L and IGLH.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.54 |
The correlation between FLRG.L and IGLH.L shifts across timeframes, from 0.52 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLRG.L vs. IGLH.L — Risk / Return Rank
FLRG.L
IGLH.L
FLRG.L vs. IGLH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) and iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLRG.L | IGLH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 0.54 | +0.04 |
| Martin ratioReturn relative to average drawdown | 1.62 | 1.27 | +0.35 |
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Drawdowns
FLRG.L vs. IGLH.L - Drawdown Comparison
The maximum FLRG.L drawdown since its inception was -23.17%, which is greater than IGLH.L's maximum drawdown of -19.90%. Use the drawdown chart below to compare losses from any high point for FLRG.L and IGLH.L.
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Drawdown Indicators
| FLRG.L | IGLH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.17% | -19.90% | -3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -4.18% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -3.41% | -6.43% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -19.70% | -2.93% |
Current DrawdownCurrent decline from peak | -12.19% | -9.44% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -10.42% | -7.71% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.78% | -0.89% |
Volatility
FLRG.L vs. IGLH.L - Volatility Comparison
The current volatility for Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) is 1.02%, while iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) has a volatility of 1.52%. This indicates that FLRG.L experiences smaller price fluctuations and is considered to be less risky than IGLH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLRG.L | IGLH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.52% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 4.02% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 7.11% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.37% | 8.22% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 8.28% | -3.29% |
FLRG.L vs. IGLH.L - Expense Ratio Comparison
Both FLRG.L and IGLH.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FLRG.L vs. IGLH.L - Dividend Comparison
FLRG.L has not paid dividends to shareholders, while IGLH.L's dividend yield for the trailing twelve months is around 3.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 2.91% | 2.33% | 1.40% | 0.73% | 0.55% | 0.97% | 1.19% | 0.32% |
Frequently Asked Questions
FLRG.L and IGLH.L have a correlation of 0.52, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FLRG.L and IGLH.L have the same expense ratio: 0.25% per year.
FLRG.L tracks Bloomberg Global Aggregate EUR Green Bond Index, while IGLH.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Franklin and iShares.
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