HLQD.L vs. 0GGH.L
HLQD.L (iShares $ Corp Bond Interest Rate Hedged UCITS ETF) and 0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both Global Bonds funds from iShares - HLQD.L tracks the iShares $ Corp Bond Interest Rate Hedged UCITS ETF while 0GGH.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, HLQD.L returned 5.42%/yr vs -2.09%/yr for 0GGH.L. At a 0.08 correlation, their price movements are largely independent. HLQD.L charges 0.25%/yr vs 0.10%/yr for 0GGH.L.
Performance
HLQD.L vs. 0GGH.L - Performance Comparison
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Different Trading Currencies
HLQD.L is traded in USD, while 0GGH.L is traded in EUR. To make them comparable, the 0GGH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HLQD.L achieves a 2.31% return, which is significantly higher than 0GGH.L's -2.72% return.
HLQD.L
- 1D
- 0.21%
- 1M
- -0.07%
- 6M
- 2.17%
- YTD
- 2.31%
- 1Y
- 5.11%
- 3Y*
- 7.50%
- 5Y*
- 5.42%
- 10Y*
- —
0GGH.L
- 1D
- 0.00%
- 1M
- -1.61%
- 6M
- -2.08%
- YTD
- -2.72%
- 1Y
- 0.11%
- 3Y*
- 2.93%
- 5Y*
- -2.09%
- 10Y*
- —
HLQD.L vs. 0GGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HLQD.L iShares $ Corp Bond Interest Rate Hedged UCITS ETF | 2.31% | 5.47% | 8.15% | 11.14% | 0.41% | 1.25% | 0.54% | 10.77% | -0.71% |
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -2.72% | 15.93% | -4.53% | 7.65% | -18.10% | -10.14% | 15.19% | 1.53% | -0.93% |
Correlation
The correlation between HLQD.L and 0GGH.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2018 | 0.08 |
The correlation between HLQD.L and 0GGH.L shifts across timeframes, from 0.05 (3 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HLQD.L vs. 0GGH.L — Risk / Return Rank
HLQD.L
0GGH.L
HLQD.L vs. 0GGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) and iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.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.
| HLQD.L | 0GGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | -0.07 | +3.62 |
| Martin ratioReturn relative to average drawdown | 11.38 | -0.15 | +11.53 |
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Drawdowns
HLQD.L vs. 0GGH.L - Drawdown Comparison
The maximum HLQD.L drawdown since its inception was -21.96%, smaller than the maximum 0GGH.L drawdown of -34.45%. Use the drawdown chart below to compare losses from any high point for HLQD.L and 0GGH.L.
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Drawdown Indicators
| HLQD.L | 0GGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.96% | -34.45% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -6.25% | +4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -10.80% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -6.39% | -31.63% | +25.24% |
Current DrawdownCurrent decline from peak | -0.34% | -14.80% | +14.46% |
Average DrawdownAverage peak-to-trough decline | -1.33% | -14.16% | +12.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 2.89% | -2.46% |
Volatility
HLQD.L vs. 0GGH.L - Volatility Comparison
The current volatility for iShares $ Corp Bond Interest Rate Hedged UCITS ETF (HLQD.L) is 0.83%, while iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) has a volatility of 1.67%. This indicates that HLQD.L experiences smaller price fluctuations and is considered to be less risky than 0GGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLQD.L | 0GGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 1.67% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 5.78% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 7.73% | -4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.36% | 25.48% | -21.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.09% | 22.21% | -16.12% |
HLQD.L vs. 0GGH.L - Expense Ratio Comparison
HLQD.L has a 0.25% expense ratio, which is higher than 0GGH.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
HLQD.L vs. 0GGH.L - Dividend Comparison
Neither HLQD.L nor 0GGH.L has paid dividends to shareholders.
Frequently Asked Questions
HLQD.L and 0GGH.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0GGH.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.25% for HLQD.L.
HLQD.L tracks iShares $ Corp Bond Interest Rate Hedged UCITS ETF, while 0GGH.L tracks Bloomberg Global Aggregate Bond Index. Their fees differ too: 0.25% for HLQD.L and 0.10% for 0GGH.L.
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