IGLO.L vs. VWRA.L
IGLO.L (iShares Global Government Bond UCITS) and VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while VWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, IGLO.L returned -3.35%/yr vs 11.25%/yr for VWRA.L. At a 0.15 correlation, their price movements are largely independent. IGLO.L charges 0.20%/yr vs 0.22%/yr for VWRA.L.
Performance
IGLO.L vs. VWRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLO.L achieves a -1.63% return, which is significantly lower than VWRA.L's 11.59% 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%
VWRA.L
- 1D
- -0.08%
- 1M
- 4.27%
- YTD
- 11.59%
- 6M
- 13.04%
- 1Y
- 28.67%
- 3Y*
- 21.09%
- 5Y*
- 11.25%
- 10Y*
- —
IGLO.L vs. VWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.63% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.38% | 1.33% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 11.59% | 22.45% | 17.65% | 22.28% | -18.11% | 18.46% | 16.19% | 7.33% |
Correlation
The correlation between IGLO.L and VWRA.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2019 | 0.15 |
Over the past year, IGLO.L and VWRA.L have become more correlated (0.41) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
IGLO.L vs. VWRA.L — Risk / Return Rank
IGLO.L
VWRA.L
IGLO.L vs. VWRA.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 FTSE All-World UCITS ETF USD Accumulating (VWRA.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 | VWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.43 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.25 | -3.27 |
| Martin ratioReturn relative to average drawdown | -0.05 | 13.63 | -13.69 |
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 | VWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.31 | -2.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.73 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.78 | -0.66 |
Drawdowns
IGLO.L vs. VWRA.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum VWRA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for IGLO.L and VWRA.L.
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Drawdown Indicators
| IGLO.L | VWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -33.62% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -8.78% | +4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -16.26% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -26.06% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | — | — |
Current DrawdownCurrent decline from peak | -19.08% | -0.75% | -18.33% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -5.39% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.10% | -0.43% |
Volatility
IGLO.L vs. VWRA.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.20%, while Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a volatility of 3.87%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than VWRA.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 | VWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 3.87% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 9.78% | -5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 12.36% | -6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 15.36% | -7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 17.28% | -10.62% |
IGLO.L vs. VWRA.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is lower than VWRA.L's 0.22% expense ratio. Despite the difference, 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. VWRA.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, while VWRA.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% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLO.L and VWRA.L have a correlation of 0.41, 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 0.22% for VWRA.L.
IGLO.L is categorized as Global Bonds, while VWRA.L is Global Equities. IGLO.L tracks Bloomberg Global Aggregate TR USD, while VWRA.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IGLO.L and 0.22% for VWRA.L.
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