IGLO.L vs. EWU
Compare and contrast key facts about iShares Global Government Bond UCITS (IGLO.L) and iShares MSCI United Kingdom ETF (EWU).
IGLO.L and EWU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLO.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Mar 6, 2009. EWU is a passively managed fund by iShares that tracks the performance of the MSCI United Kingdom Index. It was launched on Mar 12, 1996. Both IGLO.L and EWU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLO.L or EWU.
Key characteristics
| IGLO.L | EWU | |
|---|---|---|
| YTD Return | 2.55% | 13.81% |
| 1Y Return | 8.42% | 18.12% |
| 3Y Return (Ann) | -5.34% | 8.36% |
| 5Y Return (Ann) | -2.21% | 6.96% |
| 10Y Return (Ann) | -0.33% | 3.07% |
| Sharpe Ratio | 1.16 | 1.61 |
| Daily Std Dev | 7.62% | 12.51% |
| Max Drawdown | -28.01% | -63.99% |
| Current Drawdown | -18.29% | -1.89% |
Correlation
The correlation between IGLO.L and EWU is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IGLO.L vs. EWU - Performance Comparison
In the year-to-date period, IGLO.L achieves a 2.55% return, which is significantly lower than EWU's 13.81% return. Over the past 10 years, IGLO.L has underperformed EWU with an annualized return of -0.33%, while EWU has yielded a comparatively higher 3.07% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGLO.L vs. EWU - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is lower than EWU's 0.50% expense ratio.
Risk-Adjusted Performance
IGLO.L vs. EWU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) and iShares MSCI United Kingdom ETF (EWU). 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.
Dividends
IGLO.L vs. EWU - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 2.36%, less than EWU's 3.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | 2.36% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% | 1.52% | 1.39% |
EWU iShares MSCI United Kingdom ETF | 3.88% | 4.14% | 3.43% | 4.35% | 2.48% | 4.13% | 4.99% | 3.91% | 3.97% | 4.11% | 7.59% | 2.39% |
Drawdowns
IGLO.L vs. EWU - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum EWU drawdown of -63.99%. Use the drawdown chart below to compare losses from any high point for IGLO.L and EWU. For additional features, visit the drawdowns tool.
Volatility
IGLO.L vs. EWU - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.01%, while iShares MSCI United Kingdom ETF (EWU) has a volatility of 3.59%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than EWU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.