IAGG vs. EUAD
IAGG (iShares Core International Aggregate Bond ETF) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both exchange-traded funds - IAGG is a Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index, while EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Both are passively managed. Over the past year, IAGG returned 2.26% vs -1.29% for EUAD. At a 0.18 correlation, their price movements are largely independent. IAGG charges 0.07%/yr vs 0.50%/yr for EUAD.
Performance
IAGG vs. EUAD - Performance Comparison
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Returns By Period
In the year-to-date period, IAGG achieves a 0.72% return, which is significantly higher than EUAD's -4.49% return.
IAGG
- 1D
- -0.14%
- 1M
- -0.18%
- YTD
- 0.72%
- 6M
- 0.87%
- 1Y
- 2.26%
- 3Y*
- 4.55%
- 5Y*
- 1.05%
- 10Y*
- 2.12%
EUAD
- 1D
- 0.00%
- 1M
- -1.88%
- YTD
- -4.49%
- 6M
- -3.71%
- 1Y
- -1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAGG vs. EUAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IAGG iShares Core International Aggregate Bond ETF | 0.72% | 3.26% | 0.79% |
EUAD Select STOXX Europe Aerospace & Defense ETF | -4.49% | 74.51% | -3.62% |
Correlation
The correlation between IAGG and EUAD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.18 |
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Return for Risk
IAGG vs. EUAD — Risk / Return Rank
IAGG
EUAD
IAGG vs. EUAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core International Aggregate Bond ETF (IAGG) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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.
| IAGG | EUAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.02 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.06 | +1.04 |
| Martin ratioReturn relative to average drawdown | 2.91 | -0.14 | +3.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAGG | EUAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | -0.04 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.15 | -0.54 |
Drawdowns
IAGG vs. EUAD - Drawdown Comparison
The maximum IAGG drawdown since its inception was -13.88%, smaller than the maximum EUAD drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for IAGG and EUAD.
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Drawdown Indicators
| IAGG | EUAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -22.04% | +8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -22.04% | +19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -2.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.88% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -16.65% | +15.47% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -5.70% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 9.14% | -8.36% |
Volatility
IAGG vs. EUAD - Volatility Comparison
The current volatility for iShares Core International Aggregate Bond ETF (IAGG) is 1.09%, while Select STOXX Europe Aerospace & Defense ETF (EUAD) has a volatility of 9.32%. This indicates that IAGG experiences smaller price fluctuations and is considered to be less risky than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAGG | EUAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 9.32% | -8.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 24.23% | -21.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 29.23% | -26.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 29.79% | -25.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 29.79% | -25.74% |
IAGG vs. EUAD - Expense Ratio Comparison
IAGG has a 0.07% expense ratio, which is lower than EUAD's 0.50% expense ratio.
Dividends
IAGG vs. EUAD - Dividend Comparison
IAGG's dividend yield for the trailing twelve months is around 3.67%, more than EUAD's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.42% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 3.67% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
IAGG and EUAD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUAD has higher volatility (9.32%) compared to IAGG (1.09%). In terms of maximum drawdown, IAGG dropped -13.88% vs EUAD's -22.04%.
On 1-year performance, IAGG leads with 2.26% vs -1.29% for EUAD. On fees, IAGG is cheaper at 0.07% per year. On volatility, IAGG has been the lower-risk option at 1.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IAGG has performed better with a 2.26% return vs -1.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.50% for EUAD.
IAGG has the higher dividend yield at 3.67%, compared with 0.42% for EUAD.
IAGG is categorized as Global Bonds, while EUAD is Aerospace & Defense. IAGG tracks Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index, while EUAD tracks STOXX Europe Total Market Aerospace & Defense Index. They also come from different issuers: iShares and Select Funds. Their fees differ too: 0.07% for IAGG and 0.50% for EUAD.
IAGG currently has the higher Sharpe Ratio (0.80 vs -0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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