IUAG.L vs. IUAE.L
IUAG.L (iShares US Aggregate Bond UCITS ETF USD Distributing) and IUAE.L (iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both Total Bond Market funds from iShares - IUAG.L tracks the Bloomberg US Aggregate Bond Index while IUAE.L tracks the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, IUAG.L returned -0.36%/yr vs -3.00%/yr for IUAE.L. A 0.56 correlation means they provide meaningful diversification when combined. IUAG.L charges 0.25%/yr vs 0.30%/yr for IUAE.L.
Performance
IUAG.L vs. IUAE.L - Performance Comparison
Loading charts...
Different Trading Currencies
IUAG.L is traded in USD, while IUAE.L is traded in EUR. To make them comparable, the IUAE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUAG.L achieves a -0.08% return, which is significantly higher than IUAE.L's -3.82% 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%
IUAE.L
- 1D
- 0.17%
- 1M
- -1.37%
- 6M
- -2.40%
- YTD
- -3.82%
- 1Y
- 0.51%
- 3Y*
- 2.13%
- 5Y*
- -3.00%
- 10Y*
- —
IUAG.L vs. IUAE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 1.31% |
IUAE.L iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc) | -3.82% | 18.80% | -6.79% | 5.89% | -20.11% | -9.44% | 14.83% | 3.69% | -8.34% |
Correlation
The correlation between IUAG.L and IUAE.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.56 |
The correlation between IUAG.L and IUAE.L shifts across timeframes, from 0.56 (all time) to 0.66 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUAG.L vs. IUAE.L — Risk / Return Rank
IUAG.L
IUAE.L
IUAG.L vs. IUAE.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 EUR Hedged (Acc) (IUAE.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 | IUAE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.02 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 0.08 | +1.27 |
| Martin ratioReturn relative to average drawdown | 3.69 | 0.17 | +3.52 |
Loading charts...
Drawdowns
IUAG.L vs. IUAE.L - Drawdown Comparison
The maximum IUAG.L drawdown since its inception was -19.01%, smaller than the maximum IUAE.L drawdown of -36.65%. Use the drawdown chart below to compare losses from any high point for IUAG.L and IUAE.L.
Loading charts...
Drawdown Indicators
| IUAG.L | IUAE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.01% | -36.65% | +17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -6.65% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -13.11% | +7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -33.82% | +15.63% |
Max Drawdown (10Y)Largest decline over 10 years | -19.01% | — | — |
Current DrawdownCurrent decline from peak | -3.45% | -18.79% | +15.34% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -15.53% | +11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 3.02% | -1.91% |
Volatility
IUAG.L vs. IUAE.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD Distributing (IUAG.L) is 1.20%, while iShares US Aggregate Bond UCITS ETF EUR Hedged (Acc) (IUAE.L) has a volatility of 1.96%. This indicates that IUAG.L experiences smaller price fluctuations and is considered to be less risky than IUAE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUAG.L | IUAE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.96% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 6.21% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 8.52% | -4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 11.04% | -4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 10.03% | -4.77% |
IUAG.L vs. IUAE.L - Expense Ratio Comparison
IUAG.L has a 0.25% expense ratio, which is lower than IUAE.L's 0.30% expense ratio.
Dividends
IUAG.L vs. IUAE.L - Dividend Comparison
IUAG.L's dividend yield for the trailing twelve months is around 3.90%, while IUAE.L has not paid dividends to shareholders.
| 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% |
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 IUAE.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUAG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUAG.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IUAE.L.
IUAG.L tracks Bloomberg US Aggregate Bond Index, while IUAE.L tracks Bloomberg U.S. Aggregate Bond Index. Their fees differ too: 0.25% for IUAG.L and 0.30% for IUAE.L.
Find the right allocation for IUAG.L and IUAE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer