IGLO.L vs. AGGU.L
IGLO.L (iShares Global Government Bond UCITS) and AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) are both Global Bonds funds from iShares - IGLO.L tracks the Bloomberg Global Aggregate TR USD while AGGU.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, IGLO.L returned -3.35%/yr vs 0.58%/yr for AGGU.L. A 0.69 correlation means they provide meaningful diversification when combined. IGLO.L charges 0.20%/yr vs 0.10%/yr for AGGU.L.
Performance
IGLO.L vs. AGGU.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLO.L achieves a -1.63% return, which is significantly lower than AGGU.L's 0.36% return.
IGLO.L
- 1D
- 0.19%
- 1M
- -0.07%
- YTD
- -1.63%
- 6M
- -1.00%
- 1Y
- -0.09%
- 3Y*
- 1.45%
- 5Y*
- -3.35%
- 10Y*
- -0.82%
AGGU.L
- 1D
- 0.09%
- 1M
- 0.15%
- YTD
- 0.36%
- 6M
- 0.66%
- 1Y
- 3.26%
- 3Y*
- 4.17%
- 5Y*
- 0.58%
- 10Y*
- —
IGLO.L vs. AGGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.63% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.38% | 5.53% | -0.30% | -0.16% |
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 0.36% | 4.72% | 3.45% | 6.71% | -11.53% | -1.81% | 5.15% | 8.16% | 1.56% | -0.15% |
Correlation
The correlation between IGLO.L and AGGU.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.69 |
The correlation between IGLO.L and AGGU.L has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
IGLO.L vs. AGGU.L — Risk / Return Rank
IGLO.L
AGGU.L
IGLO.L vs. AGGU.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 (AGGU.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.
| IGLO.L | AGGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.19 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.45 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.05 | 4.44 | -4.49 |
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
| IGLO.L | AGGU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.06 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.12 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.40 | -0.28 |
Drawdowns
IGLO.L vs. AGGU.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, which is greater than AGGU.L's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for IGLO.L and AGGU.L.
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Drawdown Indicators
| IGLO.L | AGGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -15.55% | -12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -2.24% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -3.48% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -15.20% | -10.68% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | — | — |
Current DrawdownCurrent decline from peak | -19.08% | -1.02% | -18.06% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -3.90% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.73% | +0.94% |
Volatility
IGLO.L vs. AGGU.L - Volatility Comparison
iShares Global Government Bond UCITS (IGLO.L) has a higher volatility of 2.20% compared to iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) at 1.26%. This indicates that IGLO.L's price experiences larger fluctuations and is considered to be riskier than AGGU.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 | AGGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.26% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 2.56% | +1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 3.08% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 4.77% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 4.43% | +2.23% |
IGLO.L vs. AGGU.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is higher than AGGU.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. AGGU.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, while AGGU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 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 | 3.09% | 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 AGGU.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGU.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 AGGU.L tracks Bloomberg Global Aggregate Bond Index. Their fees differ too: 0.20% for IGLO.L and 0.10% for AGGU.L.
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