IGLO.L vs. 0GGH.L
IGLO.L (iShares Global Government Bond UCITS) and 0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both Global Bonds funds from iShares - IGLO.L tracks the Bloomberg Global Aggregate TR USD while 0GGH.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, IGLO.L returned -3.98%/yr vs -2.25%/yr for 0GGH.L. A 0.62 correlation means they provide meaningful diversification when combined. IGLO.L charges 0.20%/yr vs 0.10%/yr for 0GGH.L.
Performance
IGLO.L vs. 0GGH.L - Performance Comparison
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Different Trading Currencies
IGLO.L is traded in USD, while 0GGH.L is traded in EUR. To make them comparable, the 0GGH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLO.L achieves a -4.37% return, which is significantly lower than 0GGH.L's -3.49% return.
IGLO.L
- 1D
- -0.24%
- 1M
- -0.85%
- 6M
- -1.84%
- YTD
- -4.37%
- 1Y
- -3.33%
- 3Y*
- 0.28%
- 5Y*
- -3.98%
- 10Y*
- -1.12%
- ALL TIME*
- 0.23%
0GGH.L
- 1D
- -0.08%
- 1M
- -0.98%
- 6M
- -3.14%
- YTD
- -3.49%
- 1Y
- -2.09%
- 3Y*
- 2.90%
- 5Y*
- -2.25%
- 10Y*
- —
- ALL TIME*
- -0.70%
IGLO.L vs. 0GGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -4.37% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.37% | 5.54% | -0.30% | 0.10% |
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -3.49% | 15.93% | -4.53% | 7.65% | -18.10% | -10.14% | 15.19% | 1.53% | -5.84% | 0.96% |
Correlation
The correlation between IGLO.L and 0GGH.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017 | 0.62 |
The correlation between IGLO.L and 0GGH.L shifts across timeframes, from 0.62 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGLO.L vs. 0GGH.L — Risk / Return Rank
IGLO.L
0GGH.L
IGLO.L vs. 0GGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) and iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.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.
| IGLO.L | 0GGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.96 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | -0.33 | -0.34 |
| Martin ratioReturn relative to average drawdown | -1.32 | -0.70 | -0.62 |
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Drawdowns
IGLO.L vs. 0GGH.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum 0GGH.L drawdown of -34.45%. Use the drawdown chart below to compare losses from any high point for IGLO.L and 0GGH.L.
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Drawdown Indicators
| IGLO.L | 0GGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -34.45% | +6.44% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -6.25% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -10.80% | +2.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -31.63% | +5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | — | — |
Current DrawdownCurrent decline from peak | -21.34% | -15.48% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -14.16% | +5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.96% | -0.45% |
Volatility
IGLO.L vs. 0GGH.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 1.43%, while iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) has a volatility of 1.64%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than 0GGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLO.L | 0GGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.64% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 4.39% | 5.76% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.07% | 7.69% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.53% | 25.48% | -17.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 22.20% | -15.51% |
IGLO.L vs. 0GGH.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is higher than 0GGH.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
IGLO.L vs. 0GGH.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 1.62%, while 0GGH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLO.L iShares Global Government Bond UCITS | 1.62% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
Frequently Asked Questions
IGLO.L and 0GGH.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0GGH.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IGLO.L.
IGLO.L tracks Bloomberg Global Aggregate TR USD, while 0GGH.L tracks Bloomberg Global Aggregate Bond Index. Their fees differ too: 0.20% for IGLO.L and 0.10% for 0GGH.L.
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