IUAE.L vs. 0GGH.L
IUAE.L (iShares US Aggregate Bond UCITS ETF) and 0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both Global Bonds funds from iShares - IUAE.L tracks the iShares US Aggregate Bond UCITS ETF while 0GGH.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, IUAE.L returned -2.40%/yr vs -1.55%/yr for 0GGH.L. A 0.69 correlation means they provide meaningful diversification when combined. IUAE.L charges 0.30%/yr vs 0.10%/yr for 0GGH.L.
Performance
IUAE.L vs. 0GGH.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUAE.L achieves a -1.30% return, which is significantly lower than 0GGH.L's -0.48% return.
IUAE.L
- 1D
- -0.07%
- 1M
- -0.90%
- 6M
- -1.30%
- YTD
- -1.30%
- 1Y
- 2.05%
- 3Y*
- 1.62%
- 5Y*
- -2.40%
- 10Y*
- —
0GGH.L
- 1D
- -0.08%
- 1M
- -0.69%
- 6M
- -0.69%
- YTD
- -0.48%
- 1Y
- 1.16%
- 3Y*
- 2.17%
- 5Y*
- -1.55%
- 10Y*
- —
IUAE.L vs. 0GGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUAE.L iShares US Aggregate Bond UCITS ETF | -1.30% | 4.73% | -0.64% | 2.65% | -15.00% | -2.82% | 5.50% | 5.75% | -1.04% |
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -0.48% | 2.71% | 1.27% | 4.35% | -13.33% | -2.45% | 3.79% | 4.91% | -0.26% |
Correlation
The correlation between IUAE.L and 0GGH.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.69 |
The correlation between IUAE.L and 0GGH.L has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
IUAE.L vs. 0GGH.L — Risk / Return Rank
IUAE.L
0GGH.L
IUAE.L vs. 0GGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF (IUAE.L) and iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.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.
| IUAE.L | 0GGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.34 | +0.25 |
| Martin ratioReturn relative to average drawdown | 1.55 | 0.86 | +0.69 |
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Drawdowns
IUAE.L vs. 0GGH.L - Drawdown Comparison
The maximum IUAE.L drawdown since its inception was -22.73%, which is greater than 0GGH.L's maximum drawdown of -21.17%. Use the drawdown chart below to compare losses from any high point for IUAE.L and 0GGH.L.
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Drawdown Indicators
| IUAE.L | 0GGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -21.17% | -1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -2.80% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -3.90% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -21.17% | +0.02% |
Current DrawdownCurrent decline from peak | -13.83% | -12.70% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -8.72% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 1.10% | +0.22% |
Volatility
IUAE.L vs. 0GGH.L - Volatility Comparison
iShares US Aggregate Bond UCITS ETF (IUAE.L) has a higher volatility of 1.22% compared to iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) at 0.99%. This indicates that IUAE.L's price experiences larger fluctuations and is considered to be riskier than 0GGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUAE.L | 0GGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.99% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 2.75% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 3.33% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 24.29% | -18.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 20.91% | -15.40% |
IUAE.L vs. 0GGH.L - Expense Ratio Comparison
IUAE.L has a 0.30% expense ratio, which is higher than 0GGH.L's 0.10% expense ratio.
Dividends
IUAE.L vs. 0GGH.L - Dividend Comparison
Neither IUAE.L nor 0GGH.L has paid dividends to shareholders.
Frequently Asked Questions
IUAE.L and 0GGH.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0GGH.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.30% for IUAE.L.
IUAE.L tracks iShares US Aggregate Bond UCITS ETF, while 0GGH.L tracks Bloomberg Global Aggregate Bond Index. Their fees differ too: 0.30% for IUAE.L and 0.10% for 0GGH.L.
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