HBKS.L vs. IGLH.L

Last updated Jun 6, 2026

HBKS.L (HSBC Global Sukuk UCITS ETF C USD) and IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) are both Global Bonds funds - HBKS.L tracks the FTSE IdealRatings Sukuk Index while IGLH.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. HBKS.L charges 0.40%/yr vs 0.25%/yr for IGLH.L.

Performance

HBKS.L vs. IGLH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Global Sukuk UCITS ETF C USD (HBKS.L) and iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HBKS.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IGLH.L

• 1D: -0.22%
• 1M: -0.44%
• YTD: 2.22%
• 6M: -0.43%
• 1Y: 1.44%
• 3Y*: 2.12%
• 5Y*: -1.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HBKS.L vs. IGLH.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGLH.L

IGLH.L Risk / Return Rank: 14
IGLH.L Sharpe Ratio Rank: 14
IGLH.L Sortino Ratio Rank: 12
IGLH.L Omega Ratio Rank: 14
IGLH.L Calmar Ratio Rank: 15
IGLH.L Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBKS.L vs. IGLH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Global Sukuk UCITS ETF C USD (HBKS.L) and iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HBKS.L	IGLH.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.06	—

Drawdowns

Drawdown Indicators

	HBKS.L	IGLH.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.83%	—
Current Drawdown Current decline from peak	—	-9.55%	—
Average Drawdown Average peak-to-trough decline	—	-7.33%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.21%	—

Volatility

Volatility by Period

	HBKS.L	IGLH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.51%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.92%	—

HBKS.L vs. IGLH.L - Expense Ratio Comparison

HBKS.L has a 0.40% expense ratio, which is higher than IGLH.L's 0.25% expense ratio.

Dividends

HBKS.L vs. IGLH.L - Dividend Comparison

HBKS.L has not paid dividends to shareholders, while IGLH.L's dividend yield for the trailing twelve months is around 2.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HBKS.L HSBC Global Sukuk UCITS ETF C USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist)	2.99%	2.91%	2.33%	1.40%	0.73%	0.55%	0.97%	1.19%	0.32%

Frequently Asked Questions

Which ETF is better, HBKS.L or IGLH.L?

On fees, IGLH.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HBKS.L or IGLH.L?

IGLH.L is cheaper with a 0.25% expense ratio, compared with 0.40% for HBKS.L.

What is the main difference between HBKS.L and IGLH.L?

HBKS.L tracks FTSE IdealRatings Sukuk Index, while IGLH.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.40% for HBKS.L and 0.25% for IGLH.L.