GOVG.L vs. AEGG.L
GOVG.L (Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D)) and AEGG.L (iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc)) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR Hdg GBP, from Amundi and iShares respectively. Both are passively managed. Over the past 3 years, GOVG.L returned 0.19%/yr vs 3.84%/yr for AEGG.L. Their correlation of 0.89 suggests significant overlap in exposure. GOVG.L charges 0.15%/yr vs 0.10%/yr for AEGG.L.
Performance
GOVG.L vs. AEGG.L - Performance Comparison
Loading charts...
Different Trading Currencies
GOVG.L is traded in GBp, while AEGG.L is traded in GBP. To make them comparable, the AEGG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOVG.L achieves a -0.17% return, which is significantly lower than AEGG.L's 0.49% return.
GOVG.L
- 1D
- -0.29%
- 1M
- -0.27%
- YTD
- -0.17%
- 6M
- -2.59%
- 1Y
- -0.71%
- 3Y*
- 0.19%
- 5Y*
- —
- 10Y*
- —
AEGG.L
- 1D
- 0.12%
- 1M
- 0.30%
- YTD
- 0.49%
- 6M
- 0.59%
- 1Y
- 3.19%
- 3Y*
- 3.84%
- 5Y*
- —
- 10Y*
- —
GOVG.L vs. AEGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOVG.L Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) | -0.17% | 0.76% | -0.52% | 2.69% | -14.37% | -0.92% |
AEGG.L iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) | 0.49% | 4.36% | 3.07% | 5.65% | -12.74% | -0.69% |
Correlation
The correlation between GOVG.L and AEGG.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.89 |
The correlation between GOVG.L and AEGG.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GOVG.L vs. AEGG.L — Risk / Return Rank
GOVG.L
AEGG.L
GOVG.L vs. AEGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) (GOVG.L) and iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.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.
| GOVG.L | AEGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.18 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.33 | -1.46 |
| Martin ratioReturn relative to average drawdown | -0.28 | 3.82 | -4.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GOVG.L | AEGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 1.01 | -1.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | -0.05 | -0.49 |
Drawdowns
GOVG.L vs. AEGG.L - Drawdown Comparison
The maximum GOVG.L drawdown since its inception was -17.52%, which is greater than AEGG.L's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for GOVG.L and AEGG.L.
Loading charts...
Drawdown Indicators
| GOVG.L | AEGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -15.75% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.41% | -2.38% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -3.72% | -1.68% |
Current DrawdownCurrent decline from peak | -13.83% | -1.36% | -12.47% |
Average DrawdownAverage peak-to-trough decline | -11.97% | -7.54% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.83% | +1.33% |
Volatility
GOVG.L vs. AEGG.L - Volatility Comparison
Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR Hedged GBP (D) (GOVG.L) has a higher volatility of 1.50% compared to iShares Global Aggregate Bond ESG UCITS ETF GBP Hedged (Acc) (AEGG.L) at 1.42%. This indicates that GOVG.L's price experiences larger fluctuations and is considered to be riskier than AEGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOVG.L | AEGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.42% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 2.48% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 3.13% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 4.59% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 4.59% | +0.55% |
GOVG.L vs. AEGG.L - Expense Ratio Comparison
GOVG.L has a 0.15% expense ratio, which is higher than AEGG.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GOVG.L vs. AEGG.L - Dividend Comparison
Neither GOVG.L nor AEGG.L has paid dividends to shareholders.
Frequently Asked Questions
GOVG.L and AEGG.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGG.L is cheaper with a 0.10% expense ratio, compared with 0.15% for GOVG.L.
Both ETFs track Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for GOVG.L and 0.10% for AEGG.L.
Find the right allocation for GOVG.L and AEGG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer