GLAB.L vs. EGOG.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L).

GLAB.L and EGOG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLAB.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Feb 14, 2018. EGOG.L is a passively managed fund by UBS that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Oct 14, 2020. Both GLAB.L and EGOG.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

GLAB.L vs. EGOG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L). The values are adjusted to include any dividend payments, if applicable.

GLAB.L vs. EGOG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GLAB.L SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged	-0.01%	4.68%	-381.08%	5.73%	-12.07%	-1.74%	0.34%
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis	-0.15%	3.06%	2.00%	3.46%	-13.02%	-1.80%	-0.02%

Different Trading Currencies

GLAB.L is traded in GBP, while EGOG.L is traded in GBp. To make them comparable, the EGOG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLAB.L achieves a -0.01% return, which is significantly higher than EGOG.L's -0.15% return.

GLAB.L

• 1D: 0.33%
• 1M: -1.23%
• YTD: -0.01%
• 6M: 0.79%
• 1Y: 3.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EGOG.L

• 1D: 0.20%
• 1M: -1.66%
• YTD: -0.15%
• 6M: 0.54%
• 1Y: 2.41%
• 3Y*: 2.07%
• 5Y*: -0.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLAB.L vs. EGOG.L - Expense Ratio Comparison

GLAB.L has a 0.10% expense ratio, which is lower than EGOG.L's 0.20% 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%.

EGOG.L

UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis

GLAB.L

SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged

Return for Risk

GLAB.L vs. EGOG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLAB.L

GLAB.L Risk / Return Rank: 49
GLAB.L Sharpe Ratio Rank: 52
GLAB.L Sortino Ratio Rank: 49
GLAB.L Omega Ratio Rank: 42
GLAB.L Calmar Ratio Rank: 53
GLAB.L Martin Ratio Rank: 50

EGOG.L

EGOG.L Risk / Return Rank: 56
EGOG.L Sharpe Ratio Rank: 53
EGOG.L Sortino Ratio Rank: 51
EGOG.L Omega Ratio Rank: 42
EGOG.L Calmar Ratio Rank: 72
EGOG.L Martin Ratio Rank: 61

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.

GLAB.L vs. EGOG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.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.

	GLAB.L	EGOG.L	Difference
Sharpe ratio Return per unit of total volatility	0.99	1.02	-0.03
Sortino ratio Return per unit of downside risk	1.39	1.46	-0.07
Omega ratio Gain probability vs. loss probability	1.18	1.18	0.00
Calmar ratio Return relative to maximum drawdown	1.51	2.17	-0.66
Martin ratio Return relative to average drawdown	5.20	6.87	-1.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLAB.L vs. EGOG.L - Sharpe Ratio Comparison

The current GLAB.L Sharpe Ratio is 0.99, which is comparable to the EGOG.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of GLAB.L and EGOG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLAB.L	EGOG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.02	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.52	—

Correlation

The correlation between GLAB.L and EGOG.L is 0.29, 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

GLAB.L vs. EGOG.L - Dividend Comparison

GLAB.L's dividend yield for the trailing twelve months is around 3.11%, more than EGOG.L's 2.71% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GLAB.L SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged	3.11%	3.06%	139.91%	1.91%	1.48%	1.18%	1.51%	1.70%	0.88%
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis	2.71%	2.91%	2.30%	1.44%	0.44%	0.17%	0.00%	0.00%	0.00%

Drawdowns

GLAB.L vs. EGOG.L - Drawdown Comparison

The maximum GLAB.L drawdown since its inception was -372.79%, which is greater than EGOG.L's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for GLAB.L and EGOG.L.

Drawdown Indicators

	GLAB.L	EGOG.L	Difference
Max Drawdown Largest peak-to-trough decline	-372.79%	-16.69%	-356.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.26%	-2.60%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	-373.54%	-15.73%	-357.81%
Current Drawdown Current decline from peak	-368.60%	-7.42%	-361.18%
Average Drawdown Average peak-to-trough decline	-78.27%	-8.33%	-69.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.66%	1.10%	-0.44%

Volatility

GLAB.L vs. EGOG.L - Volatility Comparison

SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) have volatilities of 1.29% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLAB.L	EGOG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	1.23%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	1.94%	2.69%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	3.30%	4.19%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	165.77%	8.87%	+156.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.00%	8.93%	+121.07%