IGLO.L vs. VUAA.L
IGLO.L (iShares Global Government Bond UCITS) and VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while VUAA.L is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. Over the past 5 years, IGLO.L returned -3.38%/yr vs 13.22%/yr for VUAA.L. At a 0.09 correlation, their price movements are largely independent. IGLO.L charges 0.20%/yr vs 0.07%/yr for VUAA.L.
Performance
IGLO.L vs. VUAA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLO.L achieves a -1.54% return, which is significantly lower than VUAA.L's 8.41% return.
IGLO.L
- 1D
- 0.58%
- 1M
- 0.10%
- YTD
- -1.54%
- 6M
- -0.59%
- 1Y
- -0.32%
- 3Y*
- 1.50%
- 5Y*
- -3.38%
- 10Y*
- -0.86%
VUAA.L
- 1D
- 2.02%
- 1M
- -0.83%
- YTD
- 8.41%
- 6M
- 9.69%
- 1Y
- 24.92%
- 3Y*
- 20.75%
- 5Y*
- 13.22%
- 10Y*
- —
IGLO.L vs. VUAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.54% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.37% | 3.76% |
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation | 8.41% | 17.37% | 25.27% | 26.68% | -18.63% | 29.34% | 20.33% | 14.82% |
Correlation
The correlation between IGLO.L and VUAA.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.09 |
Over the past year, IGLO.L and VUAA.L have become more correlated (0.33) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
IGLO.L vs. VUAA.L — Risk / Return Rank
IGLO.L
VUAA.L
IGLO.L vs. VUAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) and Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.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 | VUAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.99 | -3.12 |
| Martin ratioReturn relative to average drawdown | -0.31 | 12.46 | -12.77 |
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Drawdowns
IGLO.L vs. VUAA.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum VUAA.L drawdown of -34.05%. Use the drawdown chart below to compare losses from any high point for IGLO.L and VUAA.L.
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Drawdown Indicators
| IGLO.L | VUAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -34.05% | +6.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -8.18% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -18.39% | +10.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -24.36% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | — | — |
Current DrawdownCurrent decline from peak | -19.01% | -2.26% | -16.75% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -4.99% | -4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.97% | -0.22% |
Volatility
IGLO.L vs. VUAA.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.08%, while Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L) has a volatility of 3.99%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than VUAA.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 | VUAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 3.99% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | 9.03% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 12.03% | -6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 16.05% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 17.81% | -11.14% |
IGLO.L vs. VUAA.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is higher than VUAA.L's 0.07% 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. VUAA.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, while VUAA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLO.L and VUAA.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for IGLO.L.
IGLO.L is categorized as Global Bonds, while VUAA.L is S&P 500. IGLO.L tracks Bloomberg Global Aggregate TR USD, while VUAA.L tracks S&P 500 Net Total Return. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IGLO.L and 0.07% for VUAA.L.
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