IUAE.L vs. SEAG.L
IUAE.L (iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc)) and SEAG.L (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) are both Total Bond Market funds from iShares - IUAE.L tracks the Bloomberg U.S. 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, IUAE.L returned -2.39%/yr vs -2.25%/yr for SEAG.L. A 0.52 correlation means they provide meaningful diversification when combined. IUAE.L charges 0.30%/yr vs 0.16%/yr for SEAG.L.
Performance
IUAE.L vs. SEAG.L - Performance Comparison
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Different Trading Currencies
IUAE.L is traded in EUR, while SEAG.L is traded in GBP. To make them comparable, the SEAG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUAE.L achieves a -1.23% return, which is significantly higher than SEAG.L's -1.38% return.
IUAE.L
- 1D
- 0.21%
- 1M
- -0.82%
- 6M
- -1.03%
- YTD
- -1.23%
- 1Y
- 1.91%
- 3Y*
- 1.50%
- 5Y*
- -2.39%
- 10Y*
- —
SEAG.L
- 1D
- 0.08%
- 1M
- -0.99%
- 6M
- -0.49%
- YTD
- -1.38%
- 1Y
- -0.89%
- 3Y*
- 2.17%
- 5Y*
- -2.25%
- 10Y*
- -0.45%
IUAE.L vs. SEAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUAE.L iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc) | -1.23% | 4.73% | -0.64% | 2.65% | -15.00% | -2.82% | 5.50% | 5.75% | -1.04% |
SEAG.L iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | -1.38% | 0.77% | 2.37% | 7.00% | -16.89% | -3.46% | 3.65% | 7.07% | -0.86% |
Correlation
The correlation between IUAE.L and SEAG.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.52 |
The correlation between IUAE.L and SEAG.L has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
IUAE.L vs. SEAG.L — Risk / Return Rank
IUAE.L
SEAG.L
IUAE.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 EUR Hedged (Acc) (IUAE.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.
| IUAE.L | SEAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.03 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.06 | +0.61 |
| Martin ratioReturn relative to average drawdown | 1.44 | -0.08 | +1.51 |
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Drawdowns
IUAE.L vs. SEAG.L - Drawdown Comparison
The maximum IUAE.L drawdown since its inception was -22.73%, which is greater than SEAG.L's maximum drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for IUAE.L and SEAG.L.
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Drawdown Indicators
| IUAE.L | SEAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -21.23% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -15.36% | +11.91% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -15.36% | +9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -20.24% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.23% | — |
Current DrawdownCurrent decline from peak | -13.77% | -14.21% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -7.85% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 11.59% | -10.26% |
Volatility
IUAE.L vs. SEAG.L - Volatility Comparison
iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc) (IUAE.L) has a higher volatility of 1.25% compared to iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.L) at 1.09%. This indicates that IUAE.L's price experiences larger fluctuations and is considered to be riskier 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
| IUAE.L | SEAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.09% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 3.41% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 19.38% | -15.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 10.52% | -4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 8.37% | -2.86% |
IUAE.L vs. SEAG.L - Expense Ratio Comparison
IUAE.L has a 0.30% expense ratio, which is higher than SEAG.L's 0.16% expense ratio.
Dividends
IUAE.L vs. SEAG.L - Dividend Comparison
IUAE.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUAE.L iShares US Aggregate Bond UCITS ETF EUR Hedged (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
IUAE.L and SEAG.L have a correlation of 0.53, 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 0.30% for IUAE.L.
IUAE.L tracks Bloomberg U.S. Aggregate Bond Index, while SEAG.L tracks Bloomberg MSCI Euro Aggregate and Green Bond ESG SRI Index (EUR). Their fees differ too: 0.30% for IUAE.L and 0.16% for SEAG.L.
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