GHYG.L vs. VAGP.L
Compare and contrast key facts about iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L).
GHYG.L and VAGP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GHYG.L is a passively managed fund by iShares that tracks the performance of the ICE BofA Gbl HY Constnd TR HGBP. It was launched on Apr 26, 2019. VAGP.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Jun 18, 2019. Both GHYG.L and VAGP.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
GHYG.L vs. VAGP.L - Performance Comparison
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GHYG.L vs. VAGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GHYG.L iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | -0.37% | 7.92% | 6.96% | 11.12% | -9.49% | 3.39% | 2.46% | 2.98% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | -0.24% | 4.96% | 2.51% | 5.84% | -13.81% | -2.03% | 5.31% | 2.30% |
Returns By Period
In the year-to-date period, GHYG.L achieves a -0.37% return, which is significantly lower than VAGP.L's -0.24% return.
GHYG.L
- 1D
- 0.99%
- 1M
- -0.90%
- YTD
- -0.37%
- 6M
- 1.08%
- 1Y
- 6.26%
- 3Y*
- 7.60%
- 5Y*
- 3.42%
- 10Y*
- —
VAGP.L
- 1D
- 0.27%
- 1M
- -1.43%
- YTD
- -0.24%
- 6M
- 0.61%
- 1Y
- 3.21%
- 3Y*
- 3.54%
- 5Y*
- -0.27%
- 10Y*
- —
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GHYG.L vs. VAGP.L - Expense Ratio Comparison
GHYG.L has a 0.55% expense ratio, which is higher than VAGP.L's 0.10% expense ratio.
Return for Risk
GHYG.L vs. VAGP.L — Risk / Return Rank
GHYG.L
VAGP.L
GHYG.L vs. VAGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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.
| GHYG.L | VAGP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 0.87 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.89 | 1.20 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.16 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.97 | 1.25 | +0.72 |
Martin ratioReturn relative to average drawdown | 9.79 | 4.20 | +5.59 |
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
| GHYG.L | VAGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.87 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | -0.06 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.11 | +0.34 |
Correlation
The correlation between GHYG.L and VAGP.L is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GHYG.L vs. VAGP.L - Dividend Comparison
GHYG.L's dividend yield for the trailing twelve months is around 5.45%, more than VAGP.L's 3.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GHYG.L iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) | 5.45% | 5.34% | 5.26% | 4.69% | 4.15% | 3.73% | 4.54% | 1.79% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.53% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% |
Drawdowns
GHYG.L vs. VAGP.L - Drawdown Comparison
The maximum GHYG.L drawdown since its inception was -23.01%, which is greater than VAGP.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for GHYG.L and VAGP.L.
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Drawdown Indicators
| GHYG.L | VAGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.01% | -18.13% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -2.67% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -14.45% | -17.70% | +3.25% |
Current DrawdownCurrent decline from peak | -1.33% | -4.17% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -6.75% | +3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.80% | -0.16% |
Volatility
GHYG.L vs. VAGP.L - Volatility Comparison
iShares Global High Yield Corp Bond UCITS ETF GBP Hedged (Dist) (GHYG.L) has a higher volatility of 1.68% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) at 1.52%. This indicates that GHYG.L's price experiences larger fluctuations and is considered to be riskier than VAGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHYG.L | VAGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 1.52% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.24% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 3.69% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.81% | 4.72% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.93% | 4.50% | +3.43% |