GLBL.L vs. SAGG.L
GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) and SAGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (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 -0.62%/yr vs -0.61%/yr for SAGG.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
GLBL.L vs. SAGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLBL.L achieves a 1.54% return, which is significantly lower than SAGG.L's 1.64% return.
GLBL.L
- 1D
- -0.15%
- 1M
- 1.51%
- YTD
- 1.54%
- 6M
- 2.02%
- 1Y
- 4.56%
- 3Y*
- 1.86%
- 5Y*
- -0.62%
- 10Y*
- —
SAGG.L
- 1D
- 0.00%
- 1M
- 1.53%
- YTD
- 1.64%
- 6M
- 2.26%
- 1Y
- 4.46%
- 3Y*
- 1.88%
- 5Y*
- -0.61%
- 10Y*
- —
GLBL.L vs. SAGG.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 | 1.54% | 0.65% | 0.03% | -0.43% | -5.99% | -3.96% | 5.31% | 3.31% | -23.54% |
SAGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.64% | 0.43% | 0.10% | -0.50% | -5.67% | -3.94% | 5.19% | 3.52% | 8.68% |
Correlation
The correlation between GLBL.L and SAGG.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018 | 0.92 |
The correlation between GLBL.L and SAGG.L has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
GLBL.L vs. SAGG.L — Risk / Return Rank
GLBL.L
SAGG.L
GLBL.L vs. SAGG.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 Core Global Aggregate Bond UCITS ETF USD (Dist) (SAGG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLBL.L | SAGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.19 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.47 | 2.43 | +0.04 |
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Drawdowns
GLBL.L vs. SAGG.L - Drawdown Comparison
The maximum GLBL.L drawdown since its inception was -30.13%, roughly equal to the maximum SAGG.L drawdown of -28.96%. Use the drawdown chart below to compare losses from any high point for GLBL.L and SAGG.L.
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Drawdown Indicators
| GLBL.L | SAGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.13% | -28.96% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -3.74% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -5.25% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -13.74% | -0.36% |
Current DrawdownCurrent decline from peak | -23.54% | -22.12% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -23.08% | -21.83% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.83% | +0.01% |
Volatility
GLBL.L vs. SAGG.L - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) is 1.32%, while iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (SAGG.L) has a volatility of 1.46%. This indicates that GLBL.L experiences smaller price fluctuations and is considered to be less risky than SAGG.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 | SAGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.46% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 3.55% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 5.14% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 6.99% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.30% | 11.30% | +1.00% |
GLBL.L vs. SAGG.L - Expense Ratio Comparison
Both GLBL.L and SAGG.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. SAGG.L - Dividend Comparison
GLBL.L's dividend yield for the trailing twelve months is around 3.10%, which matches SAGG.L's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | 3.10% | 3.14% | 2.76% | 2.05% | 1.39% | 1.22% | 1.54% | 1.67% | 1.06% |
SAGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 3.12% | 3.13% | 2.68% | 2.02% | 1.47% | 1.30% | 1.56% | 1.67% | 0.93% |
Frequently Asked Questions
GLBL.L and SAGG.L have a correlation of 0.85, 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 SAGG.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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