GAAA.L vs. IGLA.L
Compare and contrast key facts about iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) (GAAA.L) and iShares Global Govt Bond UCITS Acc (IGLA.L).
GAAA.L and IGLA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GAAA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Jun 29, 2018. IGLA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Oct 19, 2017. Both GAAA.L and IGLA.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
GAAA.L vs. IGLA.L - Performance Comparison
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GAAA.L vs. IGLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GAAA.L iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) | -0.80% | 10.43% | -5.07% | 8.26% | -20.61% | -8.76% | 12.37% | 4.92% | -1.16% |
IGLA.L iShares Global Govt Bond UCITS Acc | -1.23% | 6.09% | -2.98% | 3.99% | -17.80% | -6.85% | 9.45% | 5.84% | 0.24% |
Returns By Period
In the year-to-date period, GAAA.L achieves a -0.80% return, which is significantly higher than IGLA.L's -1.23% return.
GAAA.L
- 1D
- 0.79%
- 1M
- -2.48%
- YTD
- -0.80%
- 6M
- -0.44%
- 1Y
- 6.78%
- 3Y*
- 2.93%
- 5Y*
- -2.78%
- 10Y*
- —
IGLA.L
- 1D
- 0.48%
- 1M
- -1.96%
- YTD
- -1.23%
- 6M
- -1.43%
- 1Y
- 2.25%
- 3Y*
- 0.87%
- 5Y*
- -3.04%
- 10Y*
- —
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GAAA.L vs. IGLA.L - Expense Ratio Comparison
Both GAAA.L and IGLA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
GAAA.L vs. IGLA.L — Risk / Return Rank
GAAA.L
IGLA.L
GAAA.L vs. IGLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) (GAAA.L) and iShares Global Govt Bond UCITS Acc (IGLA.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.
| GAAA.L | IGLA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.38 | +0.51 |
Sortino ratioReturn per unit of downside risk | 1.34 | 0.60 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.59 | +0.72 |
Martin ratioReturn relative to average drawdown | 4.01 | 1.68 | +2.33 |
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
| GAAA.L | IGLA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.38 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.42 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.10 | +0.02 |
Correlation
The correlation between GAAA.L and IGLA.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GAAA.L vs. IGLA.L - Dividend Comparison
Neither GAAA.L nor IGLA.L has paid dividends to shareholders.
Drawdowns
GAAA.L vs. IGLA.L - Drawdown Comparison
The maximum GAAA.L drawdown since its inception was -33.06%, which is greater than IGLA.L's maximum drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for GAAA.L and IGLA.L.
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Drawdown Indicators
| GAAA.L | IGLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.06% | -28.01% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -3.82% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | -25.86% | -4.69% |
Current DrawdownCurrent decline from peak | -18.45% | -19.10% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -11.76% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.34% | +0.32% |
Volatility
GAAA.L vs. IGLA.L - Volatility Comparison
iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) (GAAA.L) has a higher volatility of 2.84% compared to iShares Global Govt Bond UCITS Acc (IGLA.L) at 2.01%. This indicates that GAAA.L's price experiences larger fluctuations and is considered to be riskier than IGLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAAA.L | IGLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 2.01% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 3.56% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 5.88% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 7.15% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 6.74% | +1.20% |