IGLO.L vs. VUSA.AS
IGLO.L (iShares Global Government Bond UCITS) and VUSA.AS (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while VUSA.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IGLO.L returned -0.86%/yr vs 15.22%/yr for VUSA.AS. At a correlation of -0.08, they often move in opposite directions. IGLO.L charges 0.20%/yr vs 0.07%/yr for VUSA.AS.
Performance
IGLO.L vs. VUSA.AS - Performance Comparison
Loading charts...
Different Trading Currencies
IGLO.L is traded in USD, while VUSA.AS is traded in EUR. To make them comparable, the VUSA.AS 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 -1.54% return, which is significantly lower than VUSA.AS's 8.38% return. Over the past 10 years, IGLO.L has underperformed VUSA.AS with an annualized return of -0.86%, while VUSA.AS has yielded a comparatively higher 15.22% annualized 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%
VUSA.AS
- 1D
- 1.46%
- 1M
- -0.87%
- YTD
- 8.38%
- 6M
- 9.49%
- 1Y
- 24.87%
- 3Y*
- 20.69%
- 5Y*
- 13.18%
- 10Y*
- 15.22%
IGLO.L vs. VUSA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.54% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.37% | 5.54% | -0.30% | 6.12% |
VUSA.AS Vanguard S&P 500 UCITS ETF | 8.38% | 17.85% | 25.58% | 25.99% | -19.34% | 30.81% | 17.24% | 30.40% | -5.01% | 21.78% |
Correlation
The correlation between IGLO.L and VUSA.AS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | -0.08 |
The correlation between IGLO.L and VUSA.AS shifts across timeframes, from -0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGLO.L vs. VUSA.AS — Risk / Return Rank
IGLO.L
VUSA.AS
IGLO.L vs. VUSA.AS - 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 (VUSA.AS). 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 | VUSA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.36 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.80 | -2.92 |
| Martin ratioReturn relative to average drawdown | -0.31 | 11.63 | -11.94 |
Loading charts...
Drawdowns
IGLO.L vs. VUSA.AS - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum VUSA.AS drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IGLO.L and VUSA.AS.
Loading charts...
Drawdown Indicators
| IGLO.L | VUSA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -34.11% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -8.58% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -19.40% | +11.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -24.41% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | -34.11% | +6.10% |
Current DrawdownCurrent decline from peak | -19.01% | -2.34% | -16.67% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -3.78% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.07% | -0.32% |
Volatility
IGLO.L vs. VUSA.AS - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.08%, while Vanguard S&P 500 UCITS ETF (VUSA.AS) has a volatility of 3.36%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than VUSA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLO.L | VUSA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 3.36% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 4.42% | 8.36% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.92% | 11.61% | -5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 15.85% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.67% | 16.28% | -9.61% |
IGLO.L vs. VUSA.AS - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is higher than VUSA.AS'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. VUSA.AS - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, more than VUSA.AS's 0.88% yield.
| 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% |
VUSA.AS Vanguard S&P 500 UCITS ETF | 0.88% | 0.97% | 0.99% | 1.26% | 1.45% | 1.02% | 1.43% | 1.46% | 1.74% | 1.64% | 1.66% | 1.75% |
Frequently Asked Questions
IGLO.L and VUSA.AS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSA.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for IGLO.L.
IGLO.L is categorized as Global Bonds, while VUSA.AS is S&P 500. IGLO.L tracks Bloomberg Global Aggregate TR USD, while VUSA.AS tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IGLO.L and 0.07% for VUSA.AS.
Find the right allocation for IGLO.L and VUSA.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer