IAAA.L vs. IGLA.L
IAAA.L (iShares Global AAA-AA Government Bond UCITS) and IGLA.L (iShares Global Govt Bond UCITS Acc) are both Global Bonds funds from iShares tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, IAAA.L returned -3.01%/yr vs -3.36%/yr for IGLA.L. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IAAA.L vs. IGLA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IAAA.L achieves a 0.13% return, which is significantly higher than IGLA.L's -1.33% return.
IAAA.L
- 1D
- 0.19%
- 1M
- 0.02%
- YTD
- 0.13%
- 6M
- 1.27%
- 1Y
- 2.00%
- 3Y*
- 3.96%
- 5Y*
- -3.01%
- 10Y*
- -0.36%
IGLA.L
- 1D
- 0.19%
- 1M
- -0.05%
- YTD
- -1.33%
- 6M
- -1.11%
- 1Y
- 0.06%
- 3Y*
- 1.46%
- 5Y*
- -3.36%
- 10Y*
- —
IAAA.L vs. IGLA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAAA.L iShares Global AAA-AA Government Bond UCITS | 0.13% | 10.70% | -5.21% | 8.69% | -21.12% | -8.15% | 12.09% | 4.75% | -2.34% | 1.23% |
IGLA.L iShares Global Govt Bond UCITS Acc | -1.33% | 6.09% | -2.98% | 3.99% | -17.80% | -6.85% | 9.45% | 5.84% | -0.51% | 1.32% |
Correlation
The correlation between IAAA.L and IGLA.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017 | 0.59 |
The correlation between IAAA.L and IGLA.L has been stable across timeframes, ranging from 0.57 to 0.59 - 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
IAAA.L vs. IGLA.L — Risk / Return Rank
IAAA.L
IGLA.L
IAAA.L vs. IGLA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS (IAAA.L) and iShares Global Govt Bond UCITS Acc (IGLA.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.
| IAAA.L | IGLA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.01 | +0.75 |
| Martin ratioReturn relative to average drawdown | 1.90 | 0.04 | +1.86 |
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
| IAAA.L | IGLA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.01 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | -0.47 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | -0.10 | +0.03 |
Drawdowns
IAAA.L vs. IGLA.L - Drawdown Comparison
The maximum IAAA.L drawdown since its inception was -32.79%, which is greater than IGLA.L's maximum drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for IAAA.L and IGLA.L.
Loading charts...
Drawdown Indicators
| IAAA.L | IGLA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.79% | -28.01% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.11% | -4.27% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -10.21% | -7.95% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -30.57% | -25.86% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -32.79% | — | — |
Current DrawdownCurrent decline from peak | -17.30% | -19.18% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -11.90% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.69% | +0.29% |
Volatility
IAAA.L vs. IGLA.L - Volatility Comparison
iShares Global AAA-AA Government Bond UCITS (IAAA.L) has a higher volatility of 2.59% compared to iShares Global Govt Bond UCITS Acc (IGLA.L) at 2.06%. This indicates that IAAA.L's price experiences larger fluctuations and is considered to be riskier than IGLA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IAAA.L | IGLA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.06% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 4.19% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.83% | 5.54% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 7.22% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.36% | 6.74% | +2.62% |
IAAA.L vs. IGLA.L - Expense Ratio Comparison
Both IAAA.L and IGLA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IAAA.L vs. IGLA.L - Dividend Comparison
IAAA.L's dividend yield for the trailing twelve months is around 2.69%, while IGLA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAAA.L iShares Global AAA-AA Government Bond UCITS | 2.69% | 2.46% | 2.37% | 1.52% | 0.76% | 0.49% | 0.56% | 0.88% | 0.94% | 0.77% | 0.89% | 1.08% |
IGLA.L iShares Global Govt Bond UCITS Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAAA.L and IGLA.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IAAA.L and IGLA.L have the same expense ratio: 0.20% per year.
Both ETFs track Bloomberg Global Aggregate TR USD.
Find the right allocation for IAAA.L and IGLA.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