IGLO.L vs. IAAA.L
Compare and contrast key facts about iShares Global Government Bond UCITS (IGLO.L) and iShares Global AAA-AA Government Bond UCITS (IAAA.L).
IGLO.L and IAAA.L 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. IAAA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Oct 3, 2012. Both IGLO.L and IAAA.L 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 IAAA.L.
Key characteristics
IGLO.L | IAAA.L | |
---|---|---|
YTD Return | 2.55% | 1.80% |
1Y Return | 8.42% | 10.67% |
3Y Return (Ann) | -5.34% | -5.72% |
5Y Return (Ann) | -2.21% | -2.05% |
10Y Return (Ann) | -0.33% | -0.87% |
Sharpe Ratio | 1.16 | 1.27 |
Daily Std Dev | 7.62% | 8.78% |
Max Drawdown | -28.01% | -32.79% |
Current Drawdown | -18.29% | -19.88% |
Correlation
The correlation between IGLO.L and IAAA.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IGLO.L vs. IAAA.L - Performance Comparison
In the year-to-date period, IGLO.L achieves a 2.55% return, which is significantly higher than IAAA.L's 1.80% return. Over the past 10 years, IGLO.L has outperformed IAAA.L with an annualized return of -0.33%, while IAAA.L has yielded a comparatively lower -0.87% 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. IAAA.L - Expense Ratio Comparison
Both IGLO.L and IAAA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
IGLO.L vs. IAAA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) and iShares Global AAA-AA Government Bond UCITS (IAAA.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.
Dividends
IGLO.L vs. IAAA.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 2.36%, more than IAAA.L's 1.93% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
iShares Global AAA-AA Government Bond UCITS | 1.93% | 1.52% | 0.75% | 0.48% | 0.56% | 0.88% | 0.94% | 0.77% | 0.88% | 1.08% | 1.38% | 1.02% |
Drawdowns
IGLO.L vs. IAAA.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum IAAA.L drawdown of -32.79%. Use the drawdown chart below to compare losses from any high point for IGLO.L and IAAA.L. For additional features, visit the drawdowns tool.
Volatility
IGLO.L vs. IAAA.L - Volatility Comparison
iShares Global Government Bond UCITS (IGLO.L) and iShares Global AAA-AA Government Bond UCITS (IAAA.L) have volatilities of 2.13% and 2.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.