IGLH.L vs. EGOG.L
IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) and EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR Hdg GBP, from iShares and UBS respectively. Both are passively managed. Over the past 5 years, IGLH.L returned -1.16%/yr vs -0.75%/yr for EGOG.L. At a 0.31 correlation, their price movements are largely independent. IGLH.L charges 0.25%/yr vs 0.20%/yr for EGOG.L.
Performance
IGLH.L vs. EGOG.L - Performance Comparison
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Different Trading Currencies
IGLH.L is traded in GBP, while EGOG.L is traded in GBp. To make them comparable, the EGOG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLH.L achieves a 2.41% return, which is significantly higher than EGOG.L's -0.03% return.
IGLH.L
- 1D
- -0.30%
- 1M
- 0.13%
- YTD
- 2.41%
- 6M
- -0.35%
- 1Y
- 1.81%
- 3Y*
- 2.04%
- 5Y*
- -1.16%
- 10Y*
- —
EGOG.L
- 1D
- 0.04%
- 1M
- 0.37%
- YTD
- -0.03%
- 6M
- -0.16%
- 1Y
- 1.76%
- 3Y*
- 2.65%
- 5Y*
- -0.75%
- 10Y*
- —
IGLH.L vs. EGOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 2.41% | 0.63% | 0.79% | 4.70% | -13.61% | -2.47% | -0.15% |
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis | -0.03% | 3.06% | 2.00% | 3.46% | -13.02% | -1.80% | -0.02% |
Correlation
The correlation between IGLH.L and EGOG.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020 | 0.31 |
Over the past year, IGLH.L and EGOG.L have become more correlated (0.60) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
IGLH.L vs. EGOG.L — Risk / Return Rank
IGLH.L
EGOG.L
IGLH.L vs. EGOG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.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.
| IGLH.L | EGOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.12 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.96 | -0.43 |
| Martin ratioReturn relative to average drawdown | 1.55 | 2.28 | -0.72 |
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
| IGLH.L | EGOG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.73 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.26 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.48 | +0.54 |
Drawdowns
IGLH.L vs. EGOG.L - Drawdown Comparison
The maximum IGLH.L drawdown since its inception was -18.45%, which is greater than EGOG.L's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for IGLH.L and EGOG.L.
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Drawdown Indicators
| IGLH.L | EGOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -16.69% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -3.05% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.52% | -3.48% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -15.73% | -1.17% |
Current DrawdownCurrent decline from peak | -9.40% | -7.30% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -8.24% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.22% | -0.08% |
Volatility
IGLH.L vs. EGOG.L - Volatility Comparison
iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) have volatilities of 1.54% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLH.L | EGOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.57% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.80% | 2.89% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 4.00% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 8.63% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 8.62% | -3.87% |
IGLH.L vs. EGOG.L - Expense Ratio Comparison
IGLH.L has a 0.25% expense ratio, which is higher than EGOG.L's 0.20% 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%.
Dividends
IGLH.L vs. EGOG.L - Dividend Comparison
IGLH.L's dividend yield for the trailing twelve months is around 2.98%, more than EGOG.L's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis | 2.71% | 2.91% | 2.30% | 1.44% | 0.44% | 0.17% | 0.00% | 0.00% | 0.00% |
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 2.98% | 2.91% | 2.33% | 1.40% | 0.73% | 0.55% | 0.97% | 1.19% | 0.32% |
Frequently Asked Questions
IGLH.L and EGOG.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EGOG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EGOG.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLH.L.
Both ETFs track Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and UBS. Their fees differ too: 0.25% for IGLH.L and 0.20% for EGOG.L.
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