IUAA.L vs. SEAG.L
IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) and SEAG.L (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) are both Total Bond Market funds from iShares - IUAA.L tracks the Bloomberg US Aggregate Bond Index while SEAG.L tracks the Bloomberg MSCI Euro Aggregate and Green Bond ESG SRI Index (EUR). Both are passively managed. Over the past 5 years, IUAA.L returned -0.33%/yr vs -2.87%/yr for SEAG.L. At a 0.44 correlation, their price movements are largely independent. IUAA.L charges 0.25%/yr vs 0.16%/yr for SEAG.L.
Performance
IUAA.L vs. SEAG.L - Performance Comparison
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Different Trading Currencies
IUAA.L is traded in USD, while SEAG.L is traded in GBP. To make them comparable, the SEAG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUAA.L achieves a -0.17% return, which is significantly higher than SEAG.L's -3.96% return.
IUAA.L
- 1D
- 0.17%
- 1M
- -0.52%
- 6M
- -0.00%
- YTD
- -0.17%
- 1Y
- 4.17%
- 3Y*
- 3.55%
- 5Y*
- -0.33%
- 10Y*
- —
SEAG.L
- 1D
- 0.04%
- 1M
- -1.53%
- 6M
- -1.87%
- YTD
- -3.96%
- 1Y
- -2.23%
- 3Y*
- 2.80%
- 5Y*
- -2.87%
- 10Y*
- -0.07%
IUAA.L vs. SEAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUAA.L iShares US Aggregate Bond UCITS ETF USD Acc | -0.17% | 7.28% | 1.13% | 4.97% | -12.82% | -2.02% | 7.08% | 8.66% | -0.39% | 1.68% |
SEAG.L iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | -3.96% | 14.34% | -3.97% | 10.31% | -21.74% | -10.18% | 12.96% | 4.70% | -4.64% | 13.61% |
Correlation
The correlation between IUAA.L and SEAG.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.44 |
The correlation between IUAA.L and SEAG.L shifts across timeframes, from 0.44 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUAA.L vs. SEAG.L — Risk / Return Rank
IUAA.L
SEAG.L
IUAA.L vs. SEAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) and iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.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.
| IUAA.L | SEAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.00 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | -0.14 | +1.49 |
| Martin ratioReturn relative to average drawdown | 3.75 | -0.19 | +3.94 |
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Drawdowns
IUAA.L vs. SEAG.L - Drawdown Comparison
The maximum IUAA.L drawdown since its inception was -19.02%, smaller than the maximum SEAG.L drawdown of -37.58%. Use the drawdown chart below to compare losses from any high point for IUAA.L and SEAG.L.
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Drawdown Indicators
| IUAA.L | SEAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -37.58% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -16.23% | +13.15% |
Max Drawdown (3Y)Largest decline over 3 years | -6.00% | -16.23% | +10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -34.71% | +16.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.58% | — |
Current DrawdownCurrent decline from peak | -3.50% | -18.62% | +15.12% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -16.64% | +11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 11.56% | -10.45% |
Volatility
IUAA.L vs. SEAG.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) is 1.04%, while iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.L) has a volatility of 1.61%. This indicates that IUAA.L experiences smaller price fluctuations and is considered to be less risky than SEAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUAA.L | SEAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.61% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 6.35% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 20.59% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 13.14% | -7.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 10.97% | -5.60% |
IUAA.L vs. SEAG.L - Expense Ratio Comparison
IUAA.L has a 0.25% expense ratio, which is higher than SEAG.L's 0.16% 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
IUAA.L vs. SEAG.L - Dividend Comparison
IUAA.L has not paid dividends to shareholders, while SEAG.L's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUAA.L iShares US Aggregate Bond UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEAG.L iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | 1.28% | 2.28% | 1.97% | 1.15% | 0.59% | 0.49% | 0.61% | 0.93% | 1.04% | 1.13% | 1.22% | 0.72% |
Frequently Asked Questions
IUAA.L and SEAG.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAG.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAG.L is cheaper with a 0.16% expense ratio, compared with 0.25% for IUAA.L.
IUAA.L tracks Bloomberg US Aggregate Bond Index, while SEAG.L tracks Bloomberg MSCI Euro Aggregate and Green Bond ESG SRI Index (EUR). Their fees differ too: 0.25% for IUAA.L and 0.16% for SEAG.L.
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