IGLA.L vs. SGOV
Compare and contrast key facts about iShares Global Govt Bond UCITS Acc (IGLA.L) and iShares 0-3 Month Treasury Bond ETF (SGOV).
IGLA.L and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Oct 19, 2017. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both IGLA.L and SGOV 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: IGLA.L or SGOV.
Key characteristics
| IGLA.L | SGOV | |
|---|---|---|
| YTD Return | 2.48% | 3.88% |
| 1Y Return | 8.94% | 5.47% |
| 3Y Return (Ann) | -5.08% | 3.53% |
| Sharpe Ratio | 1.21 | 22.40 |
| Daily Std Dev | 7.09% | 0.24% |
| Max Drawdown | -28.01% | -0.03% |
| Current Drawdown | -18.46% | 0.00% |
Correlation
The correlation between IGLA.L and SGOV is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IGLA.L vs. SGOV - Performance Comparison
In the year-to-date period, IGLA.L achieves a 2.48% return, which is significantly lower than SGOV's 3.88% 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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IGLA.L vs. SGOV - Expense Ratio Comparison
IGLA.L has a 0.20% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IGLA.L vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Govt Bond UCITS Acc (IGLA.L) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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
IGLA.L vs. SGOV - Dividend Comparison
IGLA.L has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 5.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
IGLA.L iShares Global Govt Bond UCITS Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.23% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
IGLA.L vs. SGOV - Drawdown Comparison
The maximum IGLA.L drawdown since its inception was -28.01%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IGLA.L and SGOV. For additional features, visit the drawdowns tool.
Volatility
IGLA.L vs. SGOV - Volatility Comparison
iShares Global Govt Bond UCITS Acc (IGLA.L) has a higher volatility of 1.76% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that IGLA.L's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.