IGLA.L vs. VWRA.L
IGLA.L (iShares Global Govt Bond UCITS Acc) and VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) are both exchange-traded funds - IGLA.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while VWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, IGLA.L returned -3.36%/yr vs 11.25%/yr for VWRA.L. At a 0.20 correlation, their price movements are largely independent. IGLA.L charges 0.20%/yr vs 0.22%/yr for VWRA.L.
Performance
IGLA.L vs. VWRA.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 VWRA.L's 11.59% 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*
- —
VWRA.L
- 1D
- -0.08%
- 1M
- 4.27%
- YTD
- 11.59%
- 6M
- 13.04%
- 1Y
- 28.67%
- 3Y*
- 21.09%
- 5Y*
- 11.25%
- 10Y*
- —
IGLA.L vs. VWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGLA.L iShares Global Govt Bond UCITS Acc | -1.33% | 6.09% | -2.98% | 3.99% | -17.80% | -6.85% | 9.45% | 1.37% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 11.59% | 22.45% | 17.65% | 22.28% | -18.11% | 18.46% | 16.19% | 7.33% |
Correlation
The correlation between IGLA.L and VWRA.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2019 | 0.20 |
Over the past year, IGLA.L and VWRA.L have become more correlated (0.41) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
IGLA.L vs. VWRA.L — Risk / Return Rank
IGLA.L
VWRA.L
IGLA.L vs. VWRA.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 Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.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 | VWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.43 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 3.25 | -3.23 |
| Martin ratioReturn relative to average drawdown | 0.04 | 13.63 | -13.60 |
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 | VWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 2.31 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.73 | -1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.78 | -0.88 |
Drawdowns
IGLA.L vs. VWRA.L - Drawdown Comparison
The maximum IGLA.L drawdown since its inception was -28.01%, smaller than the maximum VWRA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for IGLA.L and VWRA.L.
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Drawdown Indicators
| IGLA.L | VWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -33.62% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -8.78% | +4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.95% | -16.26% | +8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | -26.06% | +0.20% |
Current DrawdownCurrent decline from peak | -19.18% | -0.75% | -18.43% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -5.39% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.10% | -0.41% |
Volatility
IGLA.L vs. VWRA.L - Volatility Comparison
The current volatility for iShares Global Govt Bond UCITS Acc (IGLA.L) is 2.06%, while Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a volatility of 3.87%. This indicates that IGLA.L experiences smaller price fluctuations and is considered to be less risky than VWRA.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 | VWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 3.87% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 9.78% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 12.36% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 15.36% | -8.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.74% | 17.28% | -10.54% |
IGLA.L vs. VWRA.L - Expense Ratio Comparison
IGLA.L has a 0.20% expense ratio, which is lower than VWRA.L's 0.22% 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. VWRA.L - Dividend Comparison
Neither IGLA.L nor VWRA.L has paid dividends to shareholders.
Frequently Asked Questions
IGLA.L and VWRA.L have a correlation of 0.41, 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 0.22% for VWRA.L.
IGLA.L is categorized as Global Bonds, while VWRA.L is Global Equities. IGLA.L tracks Bloomberg Global Aggregate TR USD, while VWRA.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IGLA.L and 0.22% for VWRA.L.
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