IGLH.L vs. FLRG.L
IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) and FLRG.L (Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc)) are both Global Bonds funds - IGLH.L tracks the Bloomberg Global Aggregate TR Hdg GBP while FLRG.L tracks the Bloomberg Global Aggregate EUR Green Bond Index. Both are passively managed. Over the past 5 years, IGLH.L returned -1.71%/yr vs -2.20%/yr for FLRG.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
IGLH.L vs. FLRG.L - Performance Comparison
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Different Trading Currencies
IGLH.L is traded in GBP, while FLRG.L is traded in EUR. To make them comparable, the FLRG.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 0.91% return, which is significantly higher than FLRG.L's -1.53% return.
IGLH.L
- 1D
- 0.22%
- 1M
- -0.62%
- 6M
- -0.41%
- YTD
- 0.91%
- 1Y
- 0.25%
- 3Y*
- 1.62%
- 5Y*
- -1.71%
- 10Y*
- —
FLRG.L
- 1D
- 0.00%
- 1M
- -2.05%
- 6M
- -1.46%
- YTD
- -1.53%
- 1Y
- -0.10%
- 3Y*
- 3.10%
- 5Y*
- -2.20%
- 10Y*
- —
IGLH.L vs. FLRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 0.91% | 0.70% | 0.62% | 4.79% | -13.58% | -2.41% | 5.04% | 3.57% |
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | -1.53% | 5.97% | -1.90% | 5.56% | -14.81% | -8.76% | 11.42% | 2.11% |
Correlation
The correlation between IGLH.L and FLRG.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | 0.49 |
The correlation between IGLH.L and FLRG.L has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
IGLH.L vs. FLRG.L — Risk / Return Rank
IGLH.L
FLRG.L
IGLH.L vs. FLRG.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 Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGLH.L | FLRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | -0.10 | +0.16 |
| Martin ratioReturn relative to average drawdown | 0.14 | -0.21 | +0.35 |
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Drawdowns
IGLH.L vs. FLRG.L - Drawdown Comparison
The maximum IGLH.L drawdown since its inception was -18.42%, smaller than the maximum FLRG.L drawdown of -26.99%. Use the drawdown chart below to compare losses from any high point for IGLH.L and FLRG.L.
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Drawdown Indicators
| IGLH.L | FLRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.42% | -26.99% | +8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -3.78% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -4.90% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.83% | -21.56% | +4.73% |
Current DrawdownCurrent decline from peak | -10.70% | -18.18% | +7.48% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -15.29% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.77% | -0.05% |
Volatility
IGLH.L vs. FLRG.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) is 1.19%, while Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) (FLRG.L) has a volatility of 1.31%. This indicates that IGLH.L experiences smaller price fluctuations and is considered to be less risky than FLRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLH.L | FLRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 1.31% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 3.79% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 5.03% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 6.77% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 7.20% | -2.27% |
IGLH.L vs. FLRG.L - Expense Ratio Comparison
Both IGLH.L and FLRG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IGLH.L vs. FLRG.L - Dividend Comparison
IGLH.L's dividend yield for the trailing twelve months is around 1.59%, while FLRG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLRG.L Franklin Sustainable Euro Green Bond UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 2.91% | 2.33% | 1.40% | 0.73% | 0.55% | 0.97% | 1.19% | 0.32% |
Frequently Asked Questions
IGLH.L and FLRG.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLH.L and FLRG.L have the same expense ratio: 0.25% per year.
IGLH.L tracks Bloomberg Global Aggregate TR Hdg GBP, while FLRG.L tracks Bloomberg Global Aggregate EUR Green Bond Index. They also come from different issuers: iShares and Franklin.
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