GLBL.L vs. AGGG.L
GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) and AGGG.L (iShares Global Aggregate Bond UCITS Dist) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR USD, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, GLBL.L returned -2.93%/yr vs -0.68%/yr for AGGG.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
GLBL.L vs. AGGG.L - Performance Comparison
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Different Trading Currencies
GLBL.L is traded in GBP, while AGGG.L is traded in USD. To make them comparable, the AGGG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLBL.L achieves a -1.47% return, which is significantly lower than AGGG.L's 0.12% return.
GLBL.L
- 1D
- 0.11%
- 1M
- 0.87%
- YTD
- -1.47%
- 6M
- -1.76%
- 1Y
- 0.11%
- 3Y*
- -2.10%
- 5Y*
- -2.93%
- 10Y*
- —
AGGG.L
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 0.12%
- 6M
- -0.26%
- 1Y
- 3.19%
- 3Y*
- 0.83%
- 5Y*
- -0.68%
- 10Y*
- —
GLBL.L vs. AGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | -1.47% | -2.39% | -2.65% | -2.45% | -7.22% | -5.08% | 3.70% | 1.65% | 7.05% |
AGGG.L iShares Global Aggregate Bond UCITS Dist | 0.12% | 0.36% | 0.28% | 0.01% | -5.93% | -4.42% | 6.16% | 2.79% | 8.30% |
Correlation
The correlation between GLBL.L and AGGG.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2018 | 0.73 |
The correlation between GLBL.L and AGGG.L has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
GLBL.L vs. AGGG.L — Risk / Return Rank
GLBL.L
AGGG.L
GLBL.L vs. AGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) and iShares Global Aggregate Bond UCITS Dist (AGGG.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.
| GLBL.L | AGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.10 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 0.75 | -0.73 |
| Martin ratioReturn relative to average drawdown | 0.04 | 1.62 | -1.58 |
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
| GLBL.L | AGGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.54 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | -0.09 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.03 | -0.19 |
Drawdowns
GLBL.L vs. AGGG.L - Drawdown Comparison
The maximum GLBL.L drawdown since its inception was -25.17%, which is greater than AGGG.L's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for GLBL.L and AGGG.L.
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Drawdown Indicators
| GLBL.L | AGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.17% | -19.27% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -4.24% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -8.09% | -5.58% | -2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.62% | -14.34% | -4.28% |
Current DrawdownCurrent decline from peak | -24.05% | -13.22% | -10.83% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -9.35% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 1.96% | +0.73% |
Volatility
GLBL.L vs. AGGG.L - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) is 1.36%, while iShares Global Aggregate Bond UCITS Dist (AGGG.L) has a volatility of 1.68%. This indicates that GLBL.L experiences smaller price fluctuations and is considered to be less risky than AGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLBL.L | AGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.68% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 4.74% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 5.84% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.74% | 7.71% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.27% | 8.33% | -1.06% |
GLBL.L vs. AGGG.L - Expense Ratio Comparison
Both GLBL.L and AGGG.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GLBL.L vs. AGGG.L - Dividend Comparison
GLBL.L's dividend yield for the trailing twelve months is around 0.03%, less than AGGG.L's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Global Aggregate Bond UCITS Dist | 3.16% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% |
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | 0.03% | 0.03% | 0.03% | 0.02% | 0.01% | 0.01% | 0.02% | 0.02% | 0.01% |
Frequently Asked Questions
GLBL.L and AGGG.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLBL.L and AGGG.L have the same expense ratio: 0.10% per year.
Both ETFs track Bloomberg Global Aggregate TR USD. They also come from different issuers: State Street and iShares.
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