IGLA.L vs. IUAA.L
IGLA.L (iShares Global Govt Bond UCITS Acc) and IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) are both exchange-traded funds - IGLA.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while IUAA.L is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 5 years, IGLA.L returned -3.36%/yr vs -0.05%/yr for IUAA.L. A 0.73 correlation means they provide meaningful diversification when combined. IGLA.L charges 0.20%/yr vs 0.25%/yr for IUAA.L.
Performance
IGLA.L vs. IUAA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLA.L achieves a -1.33% return, which is significantly lower than IUAA.L's -0.10% return.
IGLA.L
- 1D
- 0.19%
- 1M
- -0.05%
- YTD
- -1.33%
- 6M
- -1.11%
- 1Y
- 0.06%
- 3Y*
- 1.46%
- 5Y*
- -3.36%
- 10Y*
- —
IUAA.L
- 1D
- 0.33%
- 1M
- 0.12%
- YTD
- -0.10%
- 6M
- 0.49%
- 1Y
- 4.66%
- 3Y*
- 3.74%
- 5Y*
- -0.05%
- 10Y*
- —
IGLA.L vs. IUAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IUAA.L iShares US Aggregate Bond UCITS ETF USD Acc | -0.10% | 7.27% | 1.28% | 4.87% | -12.82% | -2.02% | 7.08% | 8.70% | -0.38% | 0.34% |
Correlation
The correlation between IGLA.L and IUAA.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017 | 0.73 |
The correlation between IGLA.L and IUAA.L has been stable across timeframes, ranging from 0.73 to 0.83 - a consistent structural relationship.
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Return for Risk
IGLA.L vs. IUAA.L — Risk / Return Rank
IGLA.L
IUAA.L
IGLA.L vs. IUAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Govt Bond UCITS Acc (IGLA.L) and iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.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.
| IGLA.L | IUAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.21 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.53 | -1.52 |
| Martin ratioReturn relative to average drawdown | 0.04 | 4.92 | -4.88 |
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
| IGLA.L | IUAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 1.19 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | -0.01 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.28 | -0.38 |
Drawdowns
IGLA.L vs. IUAA.L - Drawdown Comparison
The maximum IGLA.L drawdown since its inception was -28.01%, which is greater than IUAA.L's maximum drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for IGLA.L and IUAA.L.
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Drawdown Indicators
| IGLA.L | IUAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -19.02% | -8.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -3.03% | -1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -7.95% | -5.90% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -18.11% | -7.75% |
Current DrawdownCurrent decline from peak | -19.18% | -3.38% | -15.80% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -5.58% | -6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.95% | +0.74% |
Volatility
IGLA.L vs. IUAA.L - Volatility Comparison
iShares Global Govt Bond UCITS Acc (IGLA.L) has a higher volatility of 2.06% compared to iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) at 1.61%. This indicates that IGLA.L's price experiences larger fluctuations and is considered to be riskier than IUAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLA.L | IUAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 1.61% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 2.95% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 3.91% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 5.99% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.74% | 5.30% | +1.44% |
IGLA.L vs. IUAA.L - Expense Ratio Comparison
IGLA.L has a 0.20% expense ratio, which is lower than IUAA.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGLA.L vs. IUAA.L - Dividend Comparison
Neither IGLA.L nor IUAA.L has paid dividends to shareholders.
Frequently Asked Questions
IGLA.L and IUAA.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IUAA.L.
IGLA.L is categorized as Global Bonds, while IUAA.L is Total Bond Market. IGLA.L tracks Bloomberg Global Aggregate TR USD, while IUAA.L tracks Bloomberg US Aggregate Bond Index. Their fees differ too: 0.20% for IGLA.L and 0.25% for IUAA.L.
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