IGLH.L vs. XCOU.L

Last updated Jul 26, 2026

IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) and XCOU.L (Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc) are both Global Bonds funds - IGLH.L tracks the Bloomberg Global Aggregate TR Hdg GBP while XCOU.L tracks the Bloomberg MSCI Global Green Bond 1-10 Year USD Hedged Index. Both are passively managed. Over the past 3 years, IGLH.L returned 1.54%/yr vs 3.76%/yr for XCOU.L. Their 0.14 correlation means their historical movements had little consistent relationship. IGLH.L charges 0.25%/yr vs 0.15%/yr for XCOU.L.

Performance

IGLH.L vs. XCOU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) and Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGLH.L is traded in GBP, while XCOU.L is traded in USD. To make them comparable, the XCOU.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 0.46% return, which is significantly lower than XCOU.L's 1.60% return.

IGLH.L

• 1D: 0.22%
• 1M: -1.50%
• 6M: -0.63%
• YTD: 0.46%
• 1Y: -0.20%
• 3Y*: 1.54%
• 5Y*: -1.87%
• 10Y*: —
• ALL TIME*: 0.09%

XCOU.L

• 1D: 0.30%
• 1M: -2.19%
• 6M: 2.61%
• YTD: 1.60%
• 1Y: 3.40%
• 3Y*: 3.76%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist)	£511.59K	£463.87K	£1.57M
XCOU.L Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc	£0.00	£19.57	£56.69K

IGLH.L vs. XCOU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist)	0.46%	0.70%	0.62%	4.79%	-6.21%
XCOU.L Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc	1.60%	-2.22%	6.24%	3.05%	-2.91%

Correlation

The correlation between IGLH.L and XCOU.L is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.05
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (All Time) Calculated using the full available price history since May 11, 2022	0.14

Return for Risk

IGLH.L vs. XCOU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGLH.L

IGLH.L Risk / Return Rank: 11
IGLH.L Sharpe Ratio Rank: 11
IGLH.L Sortino Ratio Rank: 10
IGLH.L Omega Ratio Rank: 10
IGLH.L Calmar Ratio Rank: 11
IGLH.L Martin Ratio Rank: 11

XCOU.L

XCOU.L Risk / Return Rank: 30
XCOU.L Sharpe Ratio Rank: 32
XCOU.L Sortino Ratio Rank: 30
XCOU.L Omega Ratio Rank: 30
XCOU.L Calmar Ratio Rank: 27
XCOU.L Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGLH.L vs. XCOU.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 Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.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	XCOU.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	0.64	-0.71
Sortino ratio: Return per unit of downside risk	-0.06	0.93	-0.99
Omega ratio: Gain probability vs. loss probability	0.99	1.11	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.11	0.76	-0.87
Martin ratio: Return relative to average drawdown	-0.24	1.79	-2.02

IGLH.L vs. XCOU.L - Sharpe Ratio Comparison

The current IGLH.L Sharpe Ratio is -0.07, which is lower than the XCOU.L Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of IGLH.L and XCOU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGLH.L vs. XCOU.L - Drawdown Comparison

The maximum IGLH.L drawdown since its inception was -18.42%, which is greater than XCOU.L's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for IGLH.L and XCOU.L.

Drawdown Indicators

	IGLH.L	XCOU.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.42%	-15.77%	-2.65%
Max Drawdown (1Y) Largest decline over 1 year	-3.85%	-5.44%	+1.59%
Max Drawdown (3Y) Largest decline over 3 years	-4.00%	-8.50%	+4.50%
Max Drawdown (5Y) Largest decline over 5 years	-16.83%	—	—
Current Drawdown Current decline from peak	-11.10%	-3.23%	-7.87%
Average Drawdown Average peak-to-trough decline	-7.45%	-6.69%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.31%	-0.54%

Volatility

IGLH.L vs. XCOU.L - Volatility Comparison

The current volatility for iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) is 1.06%, while Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc (XCOU.L) has a volatility of 1.77%. This indicates that IGLH.L experiences smaller price fluctuations and is considered to be less risky than XCOU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGLH.L	XCOU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	1.77%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	3.29%	5.10%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	5.72%	6.51%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.66%	8.51%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.93%	8.51%	-3.58%

IGLH.L vs. XCOU.L - Expense Ratio Comparison

IGLH.L has a 0.25% expense ratio, which is higher than XCOU.L's 0.15% 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. XCOU.L - Dividend Comparison

IGLH.L's dividend yield for the trailing twelve months is around 1.60%, while XCOU.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)	1.60%	2.91%	2.33%	1.40%	0.73%	0.55%	0.97%	1.19%	0.32%
XCOU.L Amundi Global Aggregate Proceeds Bond 1-10Y UCITS ETF USD Hedged Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IGLH.L and XCOU.L in my portfolio?

IGLH.L and XCOU.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGLH.L or XCOU.L?

On fees, XCOU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGLH.L or XCOU.L?

XCOU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IGLH.L.

What is the main difference between IGLH.L and XCOU.L?

IGLH.L tracks Bloomberg Global Aggregate TR Hdg GBP, while XCOU.L tracks Bloomberg MSCI Global Green Bond 1-10 Year USD Hedged Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IGLH.L and 0.15% for XCOU.L.