IGLO.L vs. CSUK.L
IGLO.L (iShares Global Government Bond UCITS) and CSUK.L (iShares MSCI UK UCITS ETF (Acc)) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while CSUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, IGLO.L returned -0.82%/yr vs 7.97%/yr for CSUK.L. At a 0.07 correlation, their price movements are largely independent. IGLO.L charges 0.20%/yr vs 0.33%/yr for CSUK.L.
Performance
IGLO.L vs. CSUK.L - Performance Comparison
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Different Trading Currencies
IGLO.L is traded in USD, while CSUK.L is traded in GBp. To make them comparable, the CSUK.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 -1.63% return, which is significantly lower than CSUK.L's 5.86% return. Over the past 10 years, IGLO.L has underperformed CSUK.L with an annualized return of -0.82%, while CSUK.L has yielded a comparatively higher 7.97% annualized 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%
CSUK.L
- 1D
- 0.19%
- 1M
- 0.74%
- YTD
- 5.86%
- 6M
- 9.22%
- 1Y
- 19.96%
- 3Y*
- 17.43%
- 5Y*
- 10.86%
- 10Y*
- 7.97%
IGLO.L vs. CSUK.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% | 6.12% |
CSUK.L iShares MSCI UK UCITS ETF (Acc) | 5.86% | 34.71% | 7.10% | 12.50% | -4.23% | 17.11% | -10.43% | 20.87% | -14.52% | 22.54% |
Correlation
The correlation between IGLO.L and CSUK.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | 0.07 |
Over the past year, IGLO.L and CSUK.L have become more correlated (0.45) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
IGLO.L vs. CSUK.L — Risk / Return Rank
IGLO.L
CSUK.L
IGLO.L vs. CSUK.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 MSCI UK UCITS ETF (Acc) (CSUK.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 | CSUK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.26 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.07 | -2.09 |
| Martin ratioReturn relative to average drawdown | -0.05 | 7.17 | -7.23 |
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 | CSUK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.46 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.66 | -1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.44 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.36 | -0.23 |
Drawdowns
IGLO.L vs. CSUK.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum CSUK.L drawdown of -43.14%. Use the drawdown chart below to compare losses from any high point for IGLO.L and CSUK.L.
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Drawdown Indicators
| IGLO.L | CSUK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -43.14% | +15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -9.61% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -13.12% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -24.64% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | -43.14% | +15.13% |
Current DrawdownCurrent decline from peak | -19.08% | -4.45% | -14.63% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -8.42% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.78% | -1.11% |
Volatility
IGLO.L vs. CSUK.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.20%, while iShares MSCI UK UCITS ETF (Acc) (CSUK.L) has a volatility of 5.33%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than CSUK.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 | CSUK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 5.33% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 11.48% | -7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 13.60% | -7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 16.43% | -8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 18.26% | -11.60% |
IGLO.L vs. CSUK.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is lower than CSUK.L's 0.33% expense ratio.
Dividends
IGLO.L vs. CSUK.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, while CSUK.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSUK.L iShares MSCI UK UCITS ETF (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 | 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 CSUK.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLO.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLO.L is cheaper with a 0.20% expense ratio, compared with 0.33% for CSUK.L.
IGLO.L is categorized as Global Bonds, while CSUK.L is Europe Equities. IGLO.L tracks Bloomberg Global Aggregate TR USD, while CSUK.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.20% for IGLO.L and 0.33% for CSUK.L.
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