IAAA.L vs. IGLO.L
Compare and contrast key facts about iShares Global AAA-AA Government Bond UCITS (IAAA.L) and iShares Global Government Bond UCITS (IGLO.L).
IAAA.L and IGLO.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. IGLO.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Mar 6, 2009. Both IAAA.L and IGLO.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 IGLO.L.
Key characteristics
| IAAA.L | IGLO.L | |
|---|---|---|
| YTD Return | -3.36% | -2.59% |
| 1Y Return | 5.97% | 4.66% |
| 3Y Return (Ann) | -6.44% | -6.13% |
| 5Y Return (Ann) | -3.01% | -3.15% |
| 10Y Return (Ann) | -1.25% | -0.62% |
| Sharpe Ratio | 0.46 | 0.42 |
| Sortino Ratio | 0.71 | 0.66 |
| Omega Ratio | 1.08 | 1.08 |
| Calmar Ratio | 0.14 | 0.12 |
| Martin Ratio | 0.92 | 0.90 |
| Ulcer Index | 4.01% | 3.32% |
| Daily Std Dev | 8.30% | 7.30% |
| Max Drawdown | -32.79% | -28.01% |
| Current Drawdown | -23.94% | -22.38% |
Correlation
The correlation between IAAA.L and IGLO.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IAAA.L vs. IGLO.L - Performance Comparison
In the year-to-date period, IAAA.L achieves a -3.36% return, which is significantly lower than IGLO.L's -2.59% return. Over the past 10 years, IAAA.L has underperformed IGLO.L with an annualized return of -1.25%, while IGLO.L has yielded a comparatively higher -0.62% annualized 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. IGLO.L - Expense Ratio Comparison
Both IAAA.L and IGLO.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%.
Risk-Adjusted Performance
IAAA.L vs. IGLO.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 Global Government Bond UCITS (IGLO.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. IGLO.L - Dividend Comparison
IAAA.L's dividend yield for the trailing twelve months is around 2.33%, less than IGLO.L's 2.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAAA.L iShares Global AAA-AA Government Bond UCITS | 2.33% | 1.52% | 0.75% | 0.48% | 0.56% | 0.88% | 0.94% | 0.77% | 0.88% | 1.08% | 1.38% | 1.02% |
IGLO.L iShares Global Government Bond UCITS | 2.49% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% | 1.52% | 1.39% |
Drawdowns
IAAA.L vs. IGLO.L - Drawdown Comparison
The maximum IAAA.L drawdown since its inception was -32.79%, which is greater than IGLO.L's maximum drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for IAAA.L and IGLO.L. For additional features, visit the drawdowns tool.
Volatility
IAAA.L vs. IGLO.L - Volatility Comparison
iShares Global AAA-AA Government Bond UCITS (IAAA.L) and iShares Global Government Bond UCITS (IGLO.L) have volatilities of 2.00% and 2.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.