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GII vs. IAGG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GII vs. IAGG

Last updated Jun 9, 2026

GII (SPDR S&P Global Infrastructure ETF) and IAGG (iShares Core International Aggregate Bond ETF) are both exchange-traded funds - GII is a Utilities Equities fund tracking the S&P Global Infrastructure, while IAGG is a Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. Both are passively managed. Over the past 10 years, GII returned 8.22%/yr vs 2.12%/yr for IAGG. At a 0.15 correlation, their price movements are largely independent. GII charges 0.40%/yr vs 0.07%/yr for IAGG.

Performance

GII vs. IAGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Infrastructure ETF (GII) and iShares Core International Aggregate Bond ETF (IAGG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GII achieves a 6.75% return, which is significantly higher than IAGG's 0.72% return. Over the past 10 years, GII has outperformed IAGG with an annualized return of 8.22%, while IAGG has yielded a comparatively lower 2.12% annualized return.

GII

1D
-0.87%
1M
-2.02%
YTD
6.75%
6M
7.80%
1Y
13.78%
3Y*
15.30%
5Y*
9.70%
10Y*
8.22%

IAGG

1D
-0.14%
1M
-0.18%
YTD
0.72%
6M
0.87%
1Y
2.26%
3Y*
4.55%
5Y*
1.05%
10Y*
2.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GII vs. IAGG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GII
SPDR S&P Global Infrastructure ETF		6.75%21.79%14.30%5.90%-0.54%11.39%-6.81%26.32%-10.08%19.07%
IAGG
iShares Core International Aggregate Bond ETF		0.72%3.26%4.51%8.49%-10.86%-1.87%4.63%7.99%3.38%2.09%

Correlation

The correlation between GII and IAGG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2015

0.15

Over the past year, GII and IAGG have become more correlated (0.40) than their long-term average of 0.15, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Global Infrastructure ETF

iShares Core International Aggregate Bond ETF

Often compared with GII:
GII vs. IGFGII vs. PAVEGII vs. NFRAGII vs. IFRAGII vs. TOLZGII vs. XLUGII vs. BN
Often compared with IAGG:
IAGG vs. BNDXIAGG vs. AGGIAGG vs. IBNDIAGG vs. IUSBIAGG vs. FBIIXIAGG vs. BWXIAGG vs. BND

Return for Risk

GII vs. IAGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GII
GII Risk / Return Rank: 4343
Overall Rank
GII Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
GII Sortino Ratio Rank: 3939
Sortino Ratio Rank
GII Omega Ratio Rank: 3939
Omega Ratio Rank
GII Calmar Ratio Rank: 5252
Calmar Ratio Rank
GII Martin Ratio Rank: 4646
Martin Ratio Rank
IAGG
IAGG Risk / Return Rank: 2424
Overall Rank
IAGG Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IAGG Sortino Ratio Rank: 2323
Sortino Ratio Rank
IAGG Omega Ratio Rank: 2323
Omega Ratio Rank
IAGG Calmar Ratio Rank: 2323
Calmar Ratio Rank
IAGG Martin Ratio Rank: 2424
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GII vs. IAGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Infrastructure ETF (GII) and iShares Core International Aggregate Bond ETF (IAGG). 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.

GIIIAGGDifference
Sharpe ratioReturn per unit of total volatility
1.28
0.80

+0.48

Sortino ratioReturn per unit of downside risk
1.83
1.17

+0.66

Omega ratioGain probability vs. loss probability

1.23

1.14

+0.09

Calmar ratioReturn relative to maximum drawdown

2.33

0.98

+1.35

Martin ratioReturn relative to average drawdown

7.00

2.91

+4.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GII vs. IAGG - Sharpe Ratio Comparison

The current GII Sharpe Ratio is 1.28, which is higher than the IAGG Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of GII and IAGG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

GIIIAGGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.28

0.80

+0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.23

+0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.53

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.61

-0.33

Drawdowns

GII vs. IAGG - Drawdown Comparison

The maximum GII drawdown since its inception was -50.98%, which is greater than IAGG's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for GII and IAGG.

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Drawdown Indicators

GIIIAGGDifference

Max Drawdown

Largest peak-to-trough decline

-50.98%

-13.88%

-37.10%

Max Drawdown (1Y)

Largest decline over 1 year

-5.94%

-2.32%

-3.62%

Max Drawdown (3Y)

Largest decline over 3 years

-14.31%

-2.32%

-11.99%

Max Drawdown (5Y)

Largest decline over 5 years

-20.67%

-13.57%

-7.10%

Max Drawdown (10Y)

Largest decline over 10 years

-42.84%

-13.88%

-28.96%

Current Drawdown

Current decline from peak

-5.42%

-1.18%

-4.24%

Average Drawdown

Average peak-to-trough decline

-11.51%

-2.84%

-8.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

0.78%

+1.19%

Volatility

GII vs. IAGG - Volatility Comparison

SPDR S&P Global Infrastructure ETF (GII) has a higher volatility of 3.74% compared to iShares Core International Aggregate Bond ETF (IAGG) at 1.09%. This indicates that GII's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GIIIAGGDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

1.09%

+2.65%

Volatility (6M)

Calculated over the trailing 6-month period

8.87%

2.41%

+6.46%

Volatility (1Y)

Calculated over the trailing 1-year period

10.81%

2.84%

+7.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.11%

4.51%

+9.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.15%

4.05%

+13.10%

GII vs. IAGG - Expense Ratio Comparison

GII has a 0.40% expense ratio, which is higher than IAGG's 0.07% expense ratio.

Dividends

GII vs. IAGG - Dividend Comparison

GII's dividend yield for the trailing twelve months is around 2.74%, less than IAGG's 3.67% yield.

PositionTTM20252024202320222021202020192018201720162015
GII
SPDR S&P Global Infrastructure ETF		2.74%3.17%3.23%3.70%3.07%2.37%2.66%3.39%3.31%3.38%3.11%3.54%
IAGG
iShares Core International Aggregate Bond ETF		3.67%3.08%4.28%3.55%2.27%1.16%1.95%2.82%3.02%1.74%1.56%0.13%

Frequently Asked Questions

GII and IAGG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GII has higher volatility (3.74%) compared to IAGG (1.09%). In terms of maximum drawdown, GII dropped -50.98% vs IAGG's -13.88%.

On 10-year performance, GII leads with 8.22% vs 2.12% for IAGG. On fees, IAGG is cheaper at 0.07% per year. On volatility, IAGG has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, GII has performed better with a 8.22% return vs 2.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IAGG is cheaper with a 0.07% expense ratio, compared with 0.40% for GII.

IAGG has the higher dividend yield at 3.67%, compared with 2.74% for GII.

GII is categorized as Utilities Equities, while IAGG is Global Bonds. GII tracks S&P Global Infrastructure, while IAGG tracks Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GII and 0.07% for IAGG.

GII currently has the higher Sharpe Ratio (1.28 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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