GILI.L vs. AGBP.L
GILI.L (Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist) and AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - GILI.L is a Inflation-Protected Bonds fund tracking the FTSE Actuaries UK Index-Linked Gilts All Stocks, while AGBP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, GILI.L returned -8.32%/yr vs 0.11%/yr for AGBP.L. A 0.59 correlation means they provide meaningful diversification when combined. GILI.L charges 0.07%/yr vs 0.10%/yr for AGBP.L.
Performance
GILI.L vs. AGBP.L - Performance Comparison
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Different Trading Currencies
GILI.L is traded in GBp, while AGBP.L is traded in GBP. To make them comparable, the AGBP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GILI.L achieves a -0.12% return, which is significantly lower than AGBP.L's 0.42% return.
GILI.L
- 1D
- 0.01%
- 1M
- 0.91%
- YTD
- -0.12%
- 6M
- -1.39%
- 1Y
- 2.44%
- 3Y*
- -1.24%
- 5Y*
- -8.32%
- 10Y*
- -1.42%
AGBP.L
- 1D
- 0.15%
- 1M
- 0.46%
- YTD
- 0.42%
- 6M
- 0.64%
- 1Y
- 3.14%
- 3Y*
- 3.91%
- 5Y*
- 0.11%
- 10Y*
- —
GILI.L vs. AGBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | -0.12% | 1.23% | -9.36% | 0.22% | -33.81% | 3.90% | 10.51% | 6.04% | -0.74% | 0.08% |
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 0.42% | 4.51% | 3.15% | 5.67% | -12.35% | -1.86% | 4.15% | 6.46% | -0.09% | -0.30% |
Correlation
The correlation between GILI.L and AGBP.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.59 |
The correlation between GILI.L and AGBP.L has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
GILI.L vs. AGBP.L — Risk / Return Rank
GILI.L
AGBP.L
GILI.L vs. AGBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) and iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.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.
| GILI.L | AGBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 1.28 | -0.89 |
| Martin ratioReturn relative to average drawdown | 0.86 | 3.80 | -2.94 |
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
| GILI.L | AGBP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.89 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.02 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.24 | -0.09 |
Drawdowns
GILI.L vs. AGBP.L - Drawdown Comparison
The maximum GILI.L drawdown since its inception was -49.28%, which is greater than AGBP.L's maximum drawdown of -16.42%. Use the drawdown chart below to compare losses from any high point for GILI.L and AGBP.L.
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Drawdown Indicators
| GILI.L | AGBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.28% | -16.42% | -32.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -2.44% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -14.79% | -3.60% | -11.19% |
Max Drawdown (5Y)Largest decline over 5 years | -49.28% | -15.91% | -33.37% |
Max Drawdown (10Y)Largest decline over 10 years | -49.28% | — | — |
Current DrawdownCurrent decline from peak | -43.05% | -1.84% | -41.21% |
Average DrawdownAverage peak-to-trough decline | -15.42% | -4.84% | -10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 0.82% | +2.02% |
Volatility
GILI.L vs. AGBP.L - Volatility Comparison
Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist (GILI.L) has a higher volatility of 3.56% compared to iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) at 1.41%. This indicates that GILI.L's price experiences larger fluctuations and is considered to be riskier than AGBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GILI.L | AGBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 1.41% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 2.91% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.67% | 3.52% | +5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 4.70% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 4.13% | +12.31% |
GILI.L vs. AGBP.L - Expense Ratio Comparison
GILI.L has a 0.07% expense ratio, which is lower than AGBP.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
GILI.L vs. AGBP.L - Dividend Comparison
GILI.L's dividend yield for the trailing twelve months is around 0.01%, less than AGBP.L's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.12% | 3.00% | 2.59% | 1.97% | 1.56% | 1.27% | 1.53% | 1.65% | 0.98% | 0.00% | 0.00% |
GILI.L Lyxor Core UK Government Inflation-Linked UCITS ETF - Dist | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
GILI.L and AGBP.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GILI.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GILI.L is cheaper with a 0.07% expense ratio, compared with 0.10% for AGBP.L.
GILI.L is categorized as Inflation-Protected Bonds, while AGBP.L is Global Bonds. GILI.L tracks FTSE Actuaries UK Index-Linked Gilts All Stocks, while AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Lyxor and iShares. Their fees differ too: 0.07% for GILI.L and 0.10% for AGBP.L.
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