GLBL.L vs. XCOU.L
GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) and XCOU.L (Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc) are both Global Bonds funds - GLBL.L tracks the Bloomberg Global Aggregate TR USD while XCOU.L tracks the Bloomberg MSCI Global Green Bond 1-10 Year USD Hedged Index. Both are passively managed. Over the past 3 years, GLBL.L returned 1.24%/yr vs 3.85%/yr for XCOU.L. A 0.67 correlation means they provide meaningful diversification when combined. GLBL.L charges 0.10%/yr vs 0.15%/yr for XCOU.L.
Performance
GLBL.L vs. XCOU.L - Performance Comparison
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Different Trading Currencies
GLBL.L is traded in GBP, while XCOU.L is traded in USD. To make them comparable, the XCOU.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 -0.70% return, which is significantly lower than XCOU.L's 1.46% return.
GLBL.L
- 1D
- -0.10%
- 1M
- -1.65%
- 6M
- -0.39%
- YTD
- -0.70%
- 1Y
- 0.94%
- 3Y*
- 1.24%
- 5Y*
- -1.41%
- 10Y*
- —
- ALL TIME*
- -3.37%
XCOU.L
- 1D
- 0.33%
- 1M
- -1.41%
- 6M
- 0.87%
- YTD
- 1.46%
- 1Y
- 3.60%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| £38.05K | £37.86K | £62.64K | |
| £43.06 | £31.54 | £58.23K |
GLBL.L vs. XCOU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | -0.70% | 0.65% | 0.03% | -0.43% | -2.66% |
XCOU.L Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc | 1.46% | -2.22% | 6.24% | 3.05% | -2.91% |
Correlation
The correlation between GLBL.L and XCOU.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since May 11, 2022 | 0.67 |
The correlation between GLBL.L and XCOU.L has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
GLBL.L vs. XCOU.L — Risk / Return Rank
GLBL.L
XCOU.L
GLBL.L vs. XCOU.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 Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.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 | XCOU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.10 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.63 | -0.38 |
| Martin ratioReturn relative to average drawdown | 0.48 | 1.49 | -1.01 |
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Drawdowns
GLBL.L vs. XCOU.L - Drawdown Comparison
The maximum GLBL.L drawdown since its inception was -30.13%, which is greater than XCOU.L's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for GLBL.L and XCOU.L.
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Drawdown Indicators
| GLBL.L | XCOU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.13% | -15.77% | -14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -5.44% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -8.50% | +3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | — | — |
Current DrawdownCurrent decline from peak | -25.23% | -3.36% | -21.87% |
Average DrawdownAverage peak-to-trough decline | -23.10% | -6.70% | -16.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.30% | -0.34% |
Volatility
GLBL.L vs. XCOU.L - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) is 1.20%, while Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L) has a volatility of 1.92%. This indicates that GLBL.L experiences smaller price fluctuations and is considered to be less risky than XCOU.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 | XCOU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.92% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.43% | 5.12% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 6.51% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 8.52% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.26% | 8.52% | +3.74% |
GLBL.L vs. XCOU.L - Expense Ratio Comparison
GLBL.L has a 0.10% expense ratio, which is lower than XCOU.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
GLBL.L vs. XCOU.L - Dividend Comparison
GLBL.L's dividend yield for the trailing twelve months is around 3.17%, while XCOU.L has not paid dividends to shareholders.
| 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% |
XCOU.L Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLBL.L and XCOU.L have a correlation of 0.65, 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 0.15% for XCOU.L.
GLBL.L tracks Bloomberg Global Aggregate TR USD, while XCOU.L tracks Bloomberg MSCI Global Green Bond 1-10 Year USD Hedged Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.10% for GLBL.L and 0.15% for XCOU.L.
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