GLBL.L vs. SGSU.L
GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) and SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - GLBL.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while SGSU.L is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD). Both are passively managed. Over the past 5 years, GLBL.L returned -1.40%/yr vs 2.53%/yr for SGSU.L. At a 0.14 correlation, their price movements are largely independent. GLBL.L charges 0.10%/yr vs 0.14%/yr for SGSU.L.
Performance
GLBL.L vs. SGSU.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLBL.L achieves a -0.64% return, which is significantly lower than SGSU.L's 1.47% return.
GLBL.L
- 1D
- 0.05%
- 1M
- -1.90%
- 6M
- -0.18%
- YTD
- -0.64%
- 1Y
- 1.47%
- 3Y*
- 1.16%
- 5Y*
- -1.40%
- 10Y*
- —
- ALL TIME*
- -3.36%
SGSU.L
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 1.04%
- YTD
- 1.47%
- 1Y
- 3.43%
- 3Y*
- 4.89%
- 5Y*
- 2.53%
- 10Y*
- —
- ALL TIME*
- 2.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £38.64K | £36.91K | £61.50K | |
| £313.39K | £162.85K | £108.81K |
GLBL.L vs. SGSU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | -0.64% | 0.65% | 0.03% | -0.43% | -5.99% | -3.96% | 5.31% | -2.56% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.47% | 5.12% | 5.16% | 4.29% | -2.66% | -0.43% | 2.44% | 0.80% |
Correlation
The correlation between GLBL.L and SGSU.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.14 |
The correlation between GLBL.L and SGSU.L shifts across timeframes, from 0.01 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLBL.L vs. SGSU.L — Risk / Return Rank
GLBL.L
SGSU.L
GLBL.L vs. SGSU.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 $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.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 | SGSU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.63 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 8.23 | -7.84 |
| Martin ratioReturn relative to average drawdown | 0.74 | 25.15 | -24.41 |
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Drawdowns
GLBL.L vs. SGSU.L - Drawdown Comparison
The maximum GLBL.L drawdown since its inception was -30.13%, which is greater than SGSU.L's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for GLBL.L and SGSU.L.
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Drawdown Indicators
| GLBL.L | SGSU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.13% | -8.45% | -21.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -0.42% | -3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -0.62% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | -4.83% | -9.27% |
Current DrawdownCurrent decline from peak | -25.19% | -0.21% | -24.98% |
Average DrawdownAverage peak-to-trough decline | -23.10% | -0.84% | -22.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 0.14% | +1.83% |
Volatility
GLBL.L vs. SGSU.L - Volatility Comparison
SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) has a higher volatility of 1.09% compared to iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) at 0.43%. This indicates that GLBL.L's price experiences larger fluctuations and is considered to be riskier than SGSU.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 | SGSU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.43% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 1.20% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 1.70% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 2.14% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.25% | 3.02% | +9.23% |
GLBL.L vs. SGSU.L - Expense Ratio Comparison
GLBL.L has a 0.10% expense ratio, which is lower than SGSU.L's 0.14% 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
GLBL.L vs. SGSU.L - Dividend Comparison
GLBL.L's dividend yield for the trailing twelve months is around 3.17%, less than SGSU.L's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | 3.17% | 3.14% | 2.76% | 2.05% | 1.39% | 1.22% | 1.54% | 1.67% | 1.06% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.47% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% | 0.00% | 0.00% |
Frequently Asked Questions
GLBL.L and SGSU.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLBL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLBL.L is cheaper with a 0.10% expense ratio, compared with 0.14% for SGSU.L.
GLBL.L is categorized as Global Bonds, while SGSU.L is Short-Term Bond. GLBL.L tracks Bloomberg Global Aggregate TR USD, while SGSU.L tracks Bloomberg MSCI US Corporate 0-3 ESG SRI Index (USD). They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for GLBL.L and 0.14% for SGSU.L.
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