IAAA.L vs. AGGU.L
Compare and contrast key facts about iShares Global AAA-AA Government Bond UCITS (IAAA.L) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.L).
IAAA.L and AGGU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAAA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Oct 3, 2012. AGGU.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate Bond Index. It was launched on Nov 21, 2017. Both IAAA.L and AGGU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAAA.L or AGGU.L.
Key characteristics
| IAAA.L | AGGU.L | |
|---|---|---|
| YTD Return | -2.80% | 3.11% |
| 1Y Return | 6.81% | 8.44% |
| 3Y Return (Ann) | -6.27% | -0.92% |
| 5Y Return (Ann) | -2.83% | 0.21% |
| Sharpe Ratio | 0.79 | 1.96 |
| Sortino Ratio | 1.22 | 3.11 |
| Omega Ratio | 1.15 | 1.36 |
| Calmar Ratio | 0.25 | 0.75 |
| Martin Ratio | 1.65 | 9.66 |
| Ulcer Index | 3.99% | 0.90% |
| Daily Std Dev | 8.29% | 4.42% |
| Max Drawdown | -32.79% | -15.55% |
| Current Drawdown | -23.50% | -4.54% |
Correlation
The correlation between IAAA.L and AGGU.L is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IAAA.L vs. AGGU.L - Performance Comparison
In the year-to-date period, IAAA.L achieves a -2.80% return, which is significantly lower than AGGU.L's 3.11% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IAAA.L vs. AGGU.L - Expense Ratio Comparison
IAAA.L has a 0.20% expense ratio, which is higher than AGGU.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%.
Risk-Adjusted Performance
IAAA.L vs. AGGU.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS (IAAA.L) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.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.
Dividends
IAAA.L vs. AGGU.L - Dividend Comparison
IAAA.L's dividend yield for the trailing twelve months is around 2.32%, while AGGU.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAAA.L iShares Global AAA-AA Government Bond UCITS | 2.32% | 1.52% | 0.75% | 0.48% | 0.56% | 0.88% | 0.94% | 0.77% | 0.88% | 1.08% | 1.38% | 1.02% |
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IAAA.L vs. AGGU.L - Drawdown Comparison
The maximum IAAA.L drawdown since its inception was -32.79%, which is greater than AGGU.L's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for IAAA.L and AGGU.L. For additional features, visit the drawdowns tool.
Volatility
IAAA.L vs. AGGU.L - Volatility Comparison
iShares Global AAA-AA Government Bond UCITS (IAAA.L) has a higher volatility of 1.95% compared to iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) at 1.17%. This indicates that IAAA.L's price experiences larger fluctuations and is considered to be riskier than AGGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.