GAGG.L vs. AEGG.L
GAGG.L (Amundi Index Barclays Global Agg 500M) and AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) are both Global Bonds funds - GAGG.L tracks the Bloomberg Global Aggregate TR USD while AEGG.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 3 years, GAGG.L returned 0.64%/yr vs 3.84%/yr for AEGG.L. At a 0.38 correlation, their price movements are largely independent. GAGG.L charges 0.03%/yr vs 0.10%/yr for AEGG.L.
Performance
GAGG.L vs. AEGG.L - Performance Comparison
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Different Trading Currencies
GAGG.L is traded in GBp, while AEGG.L is traded in GBP. To make them comparable, the AEGG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GAGG.L achieves a 0.08% return, which is significantly lower than AEGG.L's 0.49% return.
GAGG.L
- 1D
- 0.15%
- 1M
- 0.76%
- YTD
- 0.08%
- 6M
- -0.17%
- 1Y
- 3.55%
- 3Y*
- 0.64%
- 5Y*
- -0.76%
- 10Y*
- —
AEGG.L
- 1D
- 0.12%
- 1M
- 0.30%
- YTD
- 0.49%
- 6M
- 0.59%
- 1Y
- 3.19%
- 3Y*
- 3.84%
- 5Y*
- —
- 10Y*
- —
GAGG.L vs. AEGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GAGG.L Amundi Index Barclays Global Agg 500M | 0.08% | 0.42% | 0.19% | -0.73% | -5.96% | -2.38% |
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.49% | 4.36% | 3.07% | 5.65% | -12.74% | -0.69% |
Correlation
The correlation between GAGG.L and AEGG.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.38 |
The correlation between GAGG.L and AEGG.L shifts across timeframes, from 0.21 (1 year) to 0.41 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GAGG.L vs. AEGG.L — Risk / Return Rank
GAGG.L
AEGG.L
GAGG.L vs. AEGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index Barclays Global Agg 500M (GAGG.L) and iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.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.
| GAGG.L | AEGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.33 | -0.49 |
| Martin ratioReturn relative to average drawdown | 1.75 | 3.82 | -2.07 |
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
| GAGG.L | AEGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 1.01 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | -0.05 | +0.08 |
Drawdowns
GAGG.L vs. AEGG.L - Drawdown Comparison
The maximum GAGG.L drawdown since its inception was -19.47%, which is greater than AEGG.L's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for GAGG.L and AEGG.L.
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Drawdown Indicators
| GAGG.L | AEGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.47% | -15.75% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.73% | -2.38% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.94% | -3.72% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | — | — |
Current DrawdownCurrent decline from peak | -14.03% | -1.36% | -12.67% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -7.54% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.83% | +0.95% |
Volatility
GAGG.L vs. AEGG.L - Volatility Comparison
The current volatility for Amundi Index Barclays Global Agg 500M (GAGG.L) is 1.19%, while iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) has a volatility of 1.42%. This indicates that GAGG.L experiences smaller price fluctuations and is considered to be less risky than AEGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAGG.L | AEGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.42% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 2.48% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.70% | 3.13% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 4.59% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 4.59% | +2.58% |
GAGG.L vs. AEGG.L - Expense Ratio Comparison
GAGG.L has a 0.03% expense ratio, which is lower than AEGG.L's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GAGG.L vs. AEGG.L - Dividend Comparison
Neither GAGG.L nor AEGG.L has paid dividends to shareholders.
Frequently Asked Questions
GAGG.L and AEGG.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAGG.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAGG.L is cheaper with a 0.03% expense ratio, compared with 0.10% for AEGG.L.
GAGG.L tracks Bloomberg Global Aggregate TR USD, while AEGG.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.03% for GAGG.L and 0.10% for AEGG.L.
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