GLAU.L vs. XBGG.L
GLAU.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged) and XBGG.L (Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged) are both Global Bonds funds - GLAU.L tracks the Bloomberg Global Aggregate TR Hdg USD while XBGG.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, GLAU.L returned 0.73%/yr vs -1.35%/yr for XBGG.L. At a 0.22 correlation, their price movements are largely independent. GLAU.L charges 0.10%/yr vs 0.15%/yr for XBGG.L.
Performance
GLAU.L vs. XBGG.L - Performance Comparison
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Different Trading Currencies
GLAU.L is traded in USD, while XBGG.L is traded in GBp. To make them comparable, the XBGG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLAU.L achieves a 0.41% return, which is significantly higher than XBGG.L's -0.08% return.
GLAU.L
- 1D
- 0.25%
- 1M
- 0.56%
- YTD
- 0.41%
- 6M
- 0.72%
- 1Y
- 3.45%
- 3Y*
- 4.27%
- 5Y*
- 0.73%
- 10Y*
- —
XBGG.L
- 1D
- 0.22%
- 1M
- -0.42%
- YTD
- -0.08%
- 6M
- 1.12%
- 1Y
- 2.13%
- 3Y*
- 6.15%
- 5Y*
- -1.35%
- 10Y*
- 0.05%
GLAU.L vs. XBGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLAU.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged | 0.41% | 4.62% | 3.58% | 6.07% | -11.13% | -1.01% | 5.46% | 7.95% | 1.58% |
XBGG.L Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged | -0.08% | 12.49% | 0.49% | 11.32% | -22.60% | -2.43% | 7.45% | 10.96% | -2.16% |
Correlation
The correlation between GLAU.L and XBGG.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.22 |
Over the past year, GLAU.L and XBGG.L have become more correlated (0.44) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
GLAU.L vs. XBGG.L — Risk / Return Rank
GLAU.L
XBGG.L
GLAU.L vs. XBGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (GLAU.L) and Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.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.
| GLAU.L | XBGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.05 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.39 | +1.56 |
| Martin ratioReturn relative to average drawdown | 5.07 | 0.91 | +4.15 |
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
| GLAU.L | XBGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.26 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.13 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.01 | +0.82 |
Drawdowns
GLAU.L vs. XBGG.L - Drawdown Comparison
The maximum GLAU.L drawdown since its inception was -14.72%, smaller than the maximum XBGG.L drawdown of -35.31%. Use the drawdown chart below to compare losses from any high point for GLAU.L and XBGG.L.
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Drawdown Indicators
| GLAU.L | XBGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.72% | -35.31% | +20.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.36% | -5.42% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -3.11% | -11.68% | +8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -14.58% | -35.31% | +20.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.31% | — |
Current DrawdownCurrent decline from peak | -1.01% | -7.15% | +6.14% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -11.94% | +8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.33% | -1.49% |
Volatility
GLAU.L vs. XBGG.L - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (GLAU.L) is 1.56%, while Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged (XBGG.L) has a volatility of 2.55%. This indicates that GLAU.L experiences smaller price fluctuations and is considered to be less risky than XBGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLAU.L | XBGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 2.55% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 6.02% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.61% | 8.19% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.86% | 10.68% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 10.76% | -3.73% |
GLAU.L vs. XBGG.L - Expense Ratio Comparison
GLAU.L has a 0.10% expense ratio, which is lower than XBGG.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%.
Dividends
GLAU.L vs. XBGG.L - Dividend Comparison
GLAU.L's dividend yield for the trailing twelve months is around 3.15%, more than XBGG.L's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLAU.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged | 3.15% | 3.02% | 2.71% | 2.02% | 1.40% | 1.21% | 1.51% | 1.25% | 0.89% |
XBGG.L Xtrackers II ESG Global Aggregate Bond UCITS ETF 3D GBP hedged | 2.96% | 2.93% | 3.04% | 2.00% | 2.76% | 0.79% | 1.35% | 1.72% | 1.42% |
Frequently Asked Questions
GLAU.L and XBGG.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLAU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLAU.L is cheaper with a 0.10% expense ratio, compared with 0.15% for XBGG.L.
GLAU.L tracks Bloomberg Global Aggregate TR Hdg USD, while XBGG.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.10% for GLAU.L and 0.15% for XBGG.L.
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