IGHY.L vs. AGGG.L

Last updated Jun 5, 2026

IGHY.L (iShares Global High Yield Corporate Bond UCITS ETF) and AGGG.L (iShares Global Aggregate Bond UCITS Dist) are both exchange-traded funds - IGHY.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while AGGG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, IGHY.L returned -0.88%/yr vs -0.68%/yr for AGGG.L. At a 0.47 correlation, their price movements are largely independent. IGHY.L charges 0.50%/yr vs 0.10%/yr for AGGG.L.

Performance

IGHY.L vs. AGGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) and iShares Global Aggregate Bond UCITS Dist (AGGG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGHY.L is traded in GBP, while AGGG.L is traded in USD. To make them comparable, the AGGG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGHY.L achieves a -2.13% return, which is significantly lower than AGGG.L's 0.12% return.

IGHY.L

• 1D: 0.16%
• 1M: 1.11%
• YTD: -2.13%
• 6M: -1.93%
• 1Y: 1.29%
• 3Y*: 0.50%
• 5Y*: -0.88%
• 10Y*: 0.37%

AGGG.L

• 1D: 0.08%
• 1M: 0.65%
• YTD: 0.12%
• 6M: -0.26%
• 1Y: 3.19%
• 3Y*: 0.83%
• 5Y*: -0.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGHY.L vs. AGGG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF	-2.13%	1.20%	-1.38%	1.98%	-5.02%	-3.21%	-0.41%	3.09%	-2.90%	-1.09%
AGGG.L iShares Global Aggregate Bond UCITS Dist	0.12%	0.36%	0.28%	0.01%	-5.93%	-4.42%	6.16%	2.79%	4.14%	-0.74%

Correlation

The correlation between IGHY.L and AGGG.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 27, 2017	0.47

Return for Risk

IGHY.L vs. AGGG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGHY.L

IGHY.L Risk / Return Rank: 12
IGHY.L Sharpe Ratio Rank: 12
IGHY.L Sortino Ratio Rank: 11
IGHY.L Omega Ratio Rank: 12
IGHY.L Calmar Ratio Rank: 12
IGHY.L Martin Ratio Rank: 12

AGGG.L

AGGG.L Risk / Return Rank: 16
AGGG.L Sharpe Ratio Rank: 16
AGGG.L Sortino Ratio Rank: 15
AGGG.L Omega Ratio Rank: 15
AGGG.L Calmar Ratio Rank: 17
AGGG.L Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGHY.L vs. AGGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) and iShares Global Aggregate Bond UCITS Dist (AGGG.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.

	IGHY.L	AGGG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.54	-0.34
Sortino ratio: Return per unit of downside risk	0.28	0.81	-0.52
Omega ratio: Gain probability vs. loss probability	1.05	1.10	-0.05
Calmar ratio: Return relative to maximum drawdown	0.25	0.75	-0.50
Martin ratio: Return relative to average drawdown	0.64	1.62	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGHY.L vs. AGGG.L - Sharpe Ratio Comparison

The current IGHY.L Sharpe Ratio is 0.21, which is lower than the AGGG.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of IGHY.L and AGGG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGHY.L	AGGG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.54	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	-0.09	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.03	-0.22

Drawdowns

IGHY.L vs. AGGG.L - Drawdown Comparison

The maximum IGHY.L drawdown since its inception was -38.62%, which is greater than AGGG.L's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for IGHY.L and AGGG.L.

Drawdown Indicators

	IGHY.L	AGGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.62%	-19.27%	-19.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.16%	-4.24%	-0.92%
Max Drawdown (3Y) Largest decline over 3 years	-6.33%	-5.58%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	-11.28%	-14.34%	+3.06%
Max Drawdown (10Y) Largest decline over 10 years	-20.95%	—	—
Current Drawdown Current decline from peak	-29.35%	-13.22%	-16.13%
Average Drawdown Average peak-to-trough decline	-27.58%	-9.35%	-18.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.96%	+0.04%

Volatility

IGHY.L vs. AGGG.L - Volatility Comparison

The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IGHY.L) is 1.33%, while iShares Global Aggregate Bond UCITS Dist (AGGG.L) has a volatility of 1.68%. This indicates that IGHY.L experiences smaller price fluctuations and is considered to be less risky than AGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGHY.L	AGGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	1.68%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	4.95%	4.74%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	6.24%	5.84%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	7.71%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.12%	8.33%	+0.79%

IGHY.L vs. AGGG.L - Expense Ratio Comparison

IGHY.L has a 0.50% expense ratio, which is higher than AGGG.L's 0.10% expense ratio.

Dividends

IGHY.L vs. AGGG.L - Dividend Comparison

IGHY.L's dividend yield for the trailing twelve months is around 0.06%, less than AGGG.L's 3.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGGG.L iShares Global Aggregate Bond UCITS Dist	3.16%	2.97%	2.74%	2.01%	1.55%	1.33%	1.46%	1.62%	0.96%	0.00%	0.00%	0.00%
IGHY.L iShares Global High Yield Corporate Bond UCITS ETF	0.06%	0.05%	0.05%	0.05%	0.04%	0.04%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%

Frequently Asked Questions

Can I hold both IGHY.L and AGGG.L in my portfolio?

IGHY.L and AGGG.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGHY.L or AGGG.L?

On fees, AGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGHY.L or AGGG.L?

AGGG.L is cheaper with a 0.10% expense ratio, compared with 0.50% for IGHY.L.

What is the main difference between IGHY.L and AGGG.L?

IGHY.L is categorized as High Yield Bonds, while AGGG.L is Global Bonds. IGHY.L tracks ICE BofA Gbl HY Constnd TR USD, while AGGG.L tracks Bloomberg Global Aggregate TR USD. Their fees differ too: 0.50% for IGHY.L and 0.10% for AGGG.L.