IUAE.L vs. SUAG.L
IUAE.L (iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc)) and SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) are both Total Bond Market funds from iShares tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, IUAE.L returned -2.39%/yr vs 0.34%/yr for SUAG.L. At a 0.34 correlation, their price movements are largely independent. IUAE.L charges 0.30%/yr vs 0.25%/yr for SUAG.L.
Performance
IUAE.L vs. SUAG.L - Performance Comparison
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Different Trading Currencies
IUAE.L is traded in EUR, while SUAG.L is traded in GBP. To make them comparable, the SUAG.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 lower than SUAG.L's 2.53% 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*
- —
SUAG.L
- 1D
- 0.29%
- 1M
- 0.85%
- 6M
- 1.46%
- YTD
- 2.53%
- 1Y
- 5.45%
- 3Y*
- 3.01%
- 5Y*
- 0.34%
- 10Y*
- 0.86%
IUAE.L vs. SUAG.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% |
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | 2.53% | -5.45% | 7.99% | 1.24% | -7.45% | 5.85% | -2.20% | 12.03% | 8.54% |
Correlation
The correlation between IUAE.L and SUAG.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.34 |
Over the past year, the correlation between IUAE.L and SUAG.L has dropped to 0.09 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
IUAE.L vs. SUAG.L — Risk / Return Rank
IUAE.L
SUAG.L
IUAE.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 EUR Hedged (Acc) (IUAE.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.
| IUAE.L | SUAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 1.56 | -1.01 |
| Martin ratioReturn relative to average drawdown | 1.44 | 4.00 | -2.56 |
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Drawdowns
IUAE.L vs. SUAG.L - Drawdown Comparison
The maximum IUAE.L drawdown since its inception was -22.73%, which is greater than SUAG.L's maximum drawdown of -15.66%. Use the drawdown chart below to compare losses from any high point for IUAE.L and SUAG.L.
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Drawdown Indicators
| IUAE.L | SUAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -15.66% | -7.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -3.47% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -11.10% | +4.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -12.78% | -8.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.66% | — |
Current DrawdownCurrent decline from peak | -13.77% | -6.34% | -7.43% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -6.74% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.36% | -0.03% |
Volatility
IUAE.L vs. SUAG.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc) (IUAE.L) is 1.25%, while iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) has a volatility of 1.42%. This indicates that IUAE.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
| IUAE.L | SUAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.42% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 4.07% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 5.64% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 8.24% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 8.23% | -2.72% |
IUAE.L vs. SUAG.L - Expense Ratio Comparison
IUAE.L has a 0.30% expense ratio, which is higher than SUAG.L's 0.25% expense ratio.
Dividends
IUAE.L vs. SUAG.L - Dividend Comparison
IUAE.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
IUAE.L and SUAG.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUAG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUAG.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IUAE.L.
Both ETFs track Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.30% for IUAE.L and 0.25% for SUAG.L.
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