IGLH.L vs. VAGS.L
IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) and VAGS.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR Hdg GBP, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, IGLH.L returned -1.16%/yr vs -0.25%/yr for VAGS.L. Their correlation of 0.87 suggests significant overlap in exposure. IGLH.L charges 0.25%/yr vs 0.10%/yr for VAGS.L.
Performance
IGLH.L vs. VAGS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLH.L achieves a 2.41% return, which is significantly higher than VAGS.L's 0.19% 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*
- —
VAGS.L
- 1D
- 0.14%
- 1M
- 0.45%
- YTD
- 0.19%
- 6M
- 0.45%
- 1Y
- 3.13%
- 3Y*
- 3.76%
- 5Y*
- -0.25%
- 10Y*
- —
IGLH.L vs. VAGS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 2.41% | 0.63% | 0.79% | 4.70% | -13.61% | -2.47% | 5.04% | 0.79% |
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating | 0.19% | 4.96% | 2.39% | 5.94% | -13.72% | -2.14% | 5.52% | 2.06% |
Correlation
The correlation between IGLH.L and VAGS.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.87 |
The correlation between IGLH.L and VAGS.L shifts across timeframes, from 0.75 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLH.L vs. VAGS.L — Risk / Return Rank
IGLH.L
VAGS.L
IGLH.L vs. VAGS.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.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 | VAGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.17 | -0.64 |
| Martin ratioReturn relative to average drawdown | 1.55 | 3.41 | -1.86 |
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 | VAGS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.89 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.05 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.12 | -0.05 |
Drawdowns
IGLH.L vs. VAGS.L - Drawdown Comparison
The maximum IGLH.L drawdown since its inception was -18.45%, roughly equal to the maximum VAGS.L drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for IGLH.L and VAGS.L.
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Drawdown Indicators
| IGLH.L | VAGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -17.99% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -2.67% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.52% | -3.93% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -17.60% | +0.70% |
Current DrawdownCurrent decline from peak | -9.40% | -3.70% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -6.65% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.91% | +0.23% |
Volatility
IGLH.L vs. VAGS.L - Volatility Comparison
iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) has a higher volatility of 1.54% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.L) at 1.44%. This indicates that IGLH.L's price experiences larger fluctuations and is considered to be riskier than VAGS.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 | VAGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.44% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.80% | 2.76% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 3.51% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 4.86% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 4.57% | +0.18% |
IGLH.L vs. VAGS.L - Expense Ratio Comparison
IGLH.L has a 0.25% expense ratio, which is higher than VAGS.L's 0.10% 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. VAGS.L - Dividend Comparison
IGLH.L's dividend yield for the trailing twelve months is around 2.98%, while VAGS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLH.L and VAGS.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGS.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGS.L is cheaper with a 0.10% 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 Vanguard. Their fees differ too: 0.25% for IGLH.L and 0.10% for VAGS.L.
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