IGUS.L vs. V3GP.L
IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) are both exchange-traded funds - IGUS.L is a S&P 500 fund tracking the S&P 500 Index, while V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, IGUS.L returned 11.97%/yr vs 0.39%/yr for V3GP.L. At a 0.24 correlation, their price movements are largely independent. IGUS.L charges 0.20%/yr vs 0.15%/yr for V3GP.L.
Performance
IGUS.L vs. V3GP.L - Performance Comparison
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Different Trading Currencies
IGUS.L is traded in GBp, while V3GP.L is traded in GBP. To make them comparable, the V3GP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGUS.L achieves a 7.87% return, which is significantly higher than V3GP.L's 0.64% return.
IGUS.L
- 1D
- 2.06%
- 1M
- -0.82%
- YTD
- 7.87%
- 6M
- 9.06%
- 1Y
- 24.08%
- 3Y*
- 19.90%
- 5Y*
- 11.97%
- 10Y*
- 13.52%
V3GP.L
- 1D
- 0.23%
- 1M
- 0.61%
- YTD
- 0.64%
- 6M
- 1.44%
- 1Y
- 4.43%
- 3Y*
- 5.47%
- 5Y*
- 0.39%
- 10Y*
- —
IGUS.L vs. V3GP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF | 7.87% | 17.39% | 24.64% | 24.49% | -20.60% | 16.98% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.64% | 6.28% | 3.50% | 7.55% | -14.46% | 1.52% |
Correlation
The correlation between IGUS.L and V3GP.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
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 May 20, 2021 | 0.24 |
The correlation between IGUS.L and V3GP.L shifts across timeframes, from 0.24 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGUS.L vs. V3GP.L — Risk / Return Rank
IGUS.L
V3GP.L
IGUS.L vs. V3GP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.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.
| IGUS.L | V3GP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.61 | +1.18 |
| Martin ratioReturn relative to average drawdown | 11.79 | 5.27 | +6.51 |
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Drawdowns
IGUS.L vs. V3GP.L - Drawdown Comparison
The maximum IGUS.L drawdown since its inception was -36.66%, which is greater than V3GP.L's maximum drawdown of -20.08%. Use the drawdown chart below to compare losses from any high point for IGUS.L and V3GP.L.
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Drawdown Indicators
| IGUS.L | V3GP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.66% | -20.08% | -16.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -2.60% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -18.98% | -3.67% | -15.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -20.08% | -5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -36.66% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -0.52% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -7.69% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 0.79% | +1.21% |
Volatility
IGUS.L vs. V3GP.L - Volatility Comparison
iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a higher volatility of 4.04% compared to Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) at 1.38%. This indicates that IGUS.L's price experiences larger fluctuations and is considered to be riskier than V3GP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGUS.L | V3GP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 1.38% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 2.84% | +6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 3.73% | +8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 5.54% | +10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 5.52% | +11.08% |
IGUS.L vs. V3GP.L - Expense Ratio Comparison
IGUS.L has a 0.20% expense ratio, which is higher than V3GP.L's 0.15% 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
IGUS.L vs. V3GP.L - Dividend Comparison
IGUS.L has not paid dividends to shareholders, while V3GP.L's dividend yield for the trailing twelve months is around 4.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.36% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% |
Frequently Asked Questions
IGUS.L and V3GP.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GP.L is cheaper with a 0.15% expense ratio, compared with 0.20% for IGUS.L.
IGUS.L is categorized as S&P 500, while V3GP.L is Global Corporate Bonds. IGUS.L tracks S&P 500 Index, while V3GP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IGUS.L and 0.15% for V3GP.L.
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