IUAG.L vs. IUAA.L
IUAG.L (iShares US Aggregate Bond UCITS ETF USD Distributing) and IUAA.L (iShares US Aggregate Bond UCITS ETF USD Acc) are both Total Bond Market funds from iShares tracking the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 5 years, IUAG.L returned -0.36%/yr vs -0.33%/yr for IUAA.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
IUAG.L vs. IUAA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUAG.L achieves a -0.08% return, which is significantly higher than IUAA.L's -0.17% return.
IUAG.L
- 1D
- 0.32%
- 1M
- -0.49%
- 6M
- -0.10%
- YTD
- -0.08%
- 1Y
- 4.09%
- 3Y*
- 3.55%
- 5Y*
- -0.36%
- 10Y*
- 1.21%
IUAA.L
- 1D
- 0.17%
- 1M
- -0.52%
- 6M
- -0.00%
- YTD
- -0.17%
- 1Y
- 4.17%
- 3Y*
- 3.55%
- 5Y*
- -0.33%
- 10Y*
- —
IUAG.L vs. IUAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUAG.L iShares US Aggregate Bond UCITS ETF USD Distributing | -0.08% | 7.04% | 1.36% | 5.01% | -12.86% | -2.00% | 7.04% | 8.64% | -0.38% | 1.81% |
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% |
Correlation
The correlation between IUAG.L and IUAA.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.81 |
The correlation between IUAG.L and IUAA.L has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
IUAG.L vs. IUAA.L — Risk / Return Rank
IUAG.L
IUAA.L
IUAG.L vs. IUAA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD Distributing (IUAG.L) and iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.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.
| IUAG.L | IUAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.35 | 0.00 |
| Martin ratioReturn relative to average drawdown | 3.69 | 3.75 | -0.06 |
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Drawdowns
IUAG.L vs. IUAA.L - Drawdown Comparison
The maximum IUAG.L drawdown since its inception was -19.01%, roughly equal to the maximum IUAA.L drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for IUAG.L and IUAA.L.
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Drawdown Indicators
| IUAG.L | IUAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.01% | -19.02% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -3.08% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -6.00% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -18.11% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -19.01% | — | — |
Current DrawdownCurrent decline from peak | -3.45% | -3.50% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -5.53% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.11% | 0.00% |
Volatility
IUAG.L vs. IUAA.L - Volatility Comparison
iShares US Aggregate Bond UCITS ETF USD Distributing (IUAG.L) has a higher volatility of 1.20% compared to iShares US Aggregate Bond UCITS ETF USD Acc (IUAA.L) at 1.04%. This indicates that IUAG.L's price experiences larger fluctuations and is considered to be riskier than IUAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUAG.L | IUAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.04% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 3.21% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 4.18% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 6.11% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 5.37% | -0.11% |
IUAG.L vs. IUAA.L - Expense Ratio Comparison
Both IUAG.L and IUAA.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
IUAG.L vs. IUAA.L - Dividend Comparison
IUAG.L's dividend yield for the trailing twelve months is around 3.90%, while IUAA.L has not paid dividends to shareholders.
| 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% |
IUAG.L iShares US Aggregate Bond UCITS ETF USD Distributing | 3.90% | 3.72% | 3.62% | 3.02% | 2.12% | 1.72% | 2.05% | 2.64% | 2.44% | 2.04% | 1.72% | 1.60% |
Frequently Asked Questions
IUAG.L and IUAA.L have a correlation of 0.80, 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.
IUAG.L and IUAA.L have the same expense ratio: 0.25% per year.
Both ETFs track Bloomberg US Aggregate Bond Index.
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