IUAA.L vs. SUAG.L
IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) and SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) are both Total Bond Market funds from iShares - IUAA.L tracks the Bloomberg US Aggregate Bond Index while SUAG.L tracks the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, IUAA.L returned -0.33%/yr vs -0.29%/yr for SUAG.L. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
IUAA.L vs. SUAG.L - Performance Comparison
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Different Trading Currencies
IUAA.L is traded in USD, while SUAG.L is traded in GBP. To make them comparable, the SUAG.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 lower than SUAG.L's -0.16% 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*
- —
SUAG.L
- 1D
- 0.25%
- 1M
- 0.30%
- 6M
- 0.05%
- YTD
- -0.16%
- 1Y
- 4.03%
- 3Y*
- 3.65%
- 5Y*
- -0.29%
- 10Y*
- 1.24%
IUAA.L vs. SUAG.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% |
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | -0.16% | 7.28% | 1.30% | 4.37% | -12.85% | -1.52% | 6.59% | 9.55% | -0.65% | 1.39% |
Correlation
The correlation between IUAA.L and SUAG.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.58 |
The correlation between IUAA.L and SUAG.L shifts across timeframes, from 0.49 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUAA.L vs. SUAG.L — Risk / Return Rank
IUAA.L
SUAG.L
IUAA.L vs. SUAG.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 US Aggregate Bond UCITS ETF USD (Dist) (SUAG.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 | SUAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.34 | +0.01 |
| Martin ratioReturn relative to average drawdown | 3.75 | 3.55 | +0.20 |
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Drawdowns
IUAA.L vs. SUAG.L - Drawdown Comparison
The maximum IUAA.L drawdown since its inception was -19.02%, roughly equal to the maximum SUAG.L drawdown of -19.06%. Use the drawdown chart below to compare losses from any high point for IUAA.L and SUAG.L.
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Drawdown Indicators
| IUAA.L | SUAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.02% | -19.06% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.00% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.00% | -6.19% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -18.20% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.06% | — |
Current DrawdownCurrent decline from peak | -3.50% | -3.57% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -4.08% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.13% | -0.02% |
Volatility
IUAA.L vs. SUAG.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) is 1.04%, while iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) has a volatility of 1.49%. This indicates that IUAA.L experiences smaller price fluctuations and is considered to be less risky than SUAG.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 | SUAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.49% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.21% | 4.20% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 5.14% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 7.23% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 6.90% | -1.53% |
IUAA.L vs. SUAG.L - Expense Ratio Comparison
Both IUAA.L and SUAG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUAA.L vs. SUAG.L - Dividend Comparison
IUAA.L has not paid dividends to shareholders, while SUAG.L's dividend yield for the trailing twelve months is around 3.94%.
| 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% |
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | 3.94% | 3.78% | 3.57% | 3.10% | 2.13% | 1.69% | 2.22% | 2.72% | 2.38% | 2.11% | 1.57% | 1.56% |
Frequently Asked Questions
IUAA.L and SUAG.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUAA.L and SUAG.L have the same expense ratio: 0.25% per year.
IUAA.L tracks Bloomberg US Aggregate Bond Index, while SUAG.L tracks Bloomberg U.S. Aggregate Bond Index.
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