GGOV.L vs. 500U.L
Compare and contrast key facts about Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and Amundi S&P 500 Swap UCITS ETF USD Acc (500U.L).
GGOV.L and 500U.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGOV.L is a passively managed fund by Amundi that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Nov 14, 2016. 500U.L is a passively managed fund by Amundi that tracks the performance of the S&P 500 Index. It was launched on Nov 4, 2021. Both GGOV.L and 500U.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
GGOV.L vs. 500U.L - Performance Comparison
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GGOV.L vs. 500U.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GGOV.L Amundi Index J.P. Morgan GBI Global Govies | 0.06% | -1.06% | -1.97% | -1.94% | -7.40% | -5.91% | 6.13% | -8.77% |
500U.L Amundi S&P 500 Swap UCITS ETF USD Acc | -2.43% | 9.90% | 26.63% | 20.51% | -9.65% | 31.37% | 13.61% | 5.30% |
Different Trading Currencies
GGOV.L is traded in GBp, while 500U.L is traded in USD. To make them comparable, the 500U.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GGOV.L achieves a 0.06% return, which is significantly higher than 500U.L's -2.43% return.
GGOV.L
- 1D
- -0.38%
- 1M
- -1.43%
- YTD
- 0.06%
- 6M
- -0.29%
- 1Y
- 0.17%
- 3Y*
- -1.67%
- 5Y*
- -2.28%
- 10Y*
- —
500U.L
- 1D
- 2.36%
- 1M
- -2.43%
- YTD
- -2.43%
- 6M
- 0.84%
- 1Y
- 15.48%
- 3Y*
- 15.96%
- 5Y*
- 12.87%
- 10Y*
- 15.08%
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GGOV.L vs. 500U.L - Expense Ratio Comparison
GGOV.L has a 0.10% expense ratio, which is lower than 500U.L's 0.15% 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%.
Return for Risk
GGOV.L vs. 500U.L — Risk / Return Rank
GGOV.L
500U.L
GGOV.L vs. 500U.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) and Amundi S&P 500 Swap UCITS ETF USD Acc (500U.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.
| GGOV.L | 500U.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 0.98 | -0.95 |
Sortino ratioReturn per unit of downside risk | 0.09 | 1.43 | -1.34 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.20 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.17 | -2.69 |
Martin ratioReturn relative to average drawdown | -0.82 | 7.03 | -7.84 |
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
| GGOV.L | 500U.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.98 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.85 | -1.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 1.26 | -1.76 |
Correlation
The correlation between GGOV.L and 500U.L is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GGOV.L vs. 500U.L - Dividend Comparison
Neither GGOV.L nor 500U.L has paid dividends to shareholders.
Drawdowns
GGOV.L vs. 500U.L - Drawdown Comparison
The maximum GGOV.L drawdown since its inception was -25.96%, roughly equal to the maximum 500U.L drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for GGOV.L and 500U.L.
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Drawdown Indicators
| GGOV.L | 500U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.96% | -34.04% | +8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -4.59% | -11.59% | +7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -24.22% | +7.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.04% | — |
Current DrawdownCurrent decline from peak | -24.05% | -5.34% | -18.71% |
Average DrawdownAverage peak-to-trough decline | -18.20% | -4.81% | -13.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.04% | +1.09% |
Volatility
GGOV.L vs. 500U.L - Volatility Comparison
The current volatility for Amundi Index J.P. Morgan GBI Global Govies (GGOV.L) is 1.63%, while Amundi S&P 500 Swap UCITS ETF USD Acc (500U.L) has a volatility of 4.95%. This indicates that GGOV.L experiences smaller price fluctuations and is considered to be less risky than 500U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGOV.L | 500U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 4.95% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.53% | 9.14% | -5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 15.75% | -10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 15.28% | -6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.32% | 18.73% | -9.41% |