IUGA.L vs. IGTM.L
IUGA.L (iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist)) and IGTM.L (iShares USD Treasury Bond 7-10 Year UCITS ETF GBP Hedged Distributing) are both Intermediate Core Bond funds from iShares - IUGA.L tracks the Bloomberg US Aggregate Bond (GBP Hedged) Index while IGTM.L tracks the ICE US Treasury 7-10 Year Index. Both are passively managed. Over the past 5 years, IUGA.L returned -0.95%/yr vs -1.87%/yr for IGTM.L. Their correlation of 0.84 suggests significant overlap in exposure. IUGA.L charges 0.30%/yr vs 0.10%/yr for IGTM.L.
Performance
IUGA.L vs. IGTM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUGA.L achieves a -0.21% return, which is significantly higher than IGTM.L's -0.94% return.
IUGA.L
- 1D
- 0.23%
- 1M
- -0.47%
- 6M
- 0.02%
- YTD
- -0.21%
- 1Y
- 3.88%
- 3Y*
- 3.19%
- 5Y*
- -0.95%
- 10Y*
- —
IGTM.L
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- -0.25%
- YTD
- -0.94%
- 1Y
- 3.59%
- 3Y*
- 2.37%
- 5Y*
- -1.87%
- 10Y*
- —
IUGA.L vs. IGTM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUGA.L iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) | -0.21% | 6.71% | 0.94% | 4.04% | -13.94% | -2.16% | 6.06% | 5.80% |
IGTM.L iShares USD Treasury Bond 7-10 Year UCITS ETF GBP Hedged Distributing | -0.94% | 7.92% | -0.52% | 2.67% | -15.78% | -3.18% | 9.12% | 6.53% |
Correlation
The correlation between IUGA.L and IGTM.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.84 |
The correlation between IUGA.L and IGTM.L shifts across timeframes, from 0.74 (1 year) to 0.87 (5 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
IUGA.L vs. IGTM.L — Risk / Return Rank
IUGA.L
IGTM.L
IUGA.L vs. IGTM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA.L) and iShares USD Treasury Bond 7-10 Year UCITS ETF GBP Hedged Distributing (IGTM.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.
| IUGA.L | IGTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.89 | +0.54 |
| Martin ratioReturn relative to average drawdown | 3.81 | 2.37 | +1.44 |
Loading charts...
Drawdowns
IUGA.L vs. IGTM.L - Drawdown Comparison
The maximum IUGA.L drawdown since its inception was -20.08%, smaller than the maximum IGTM.L drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for IUGA.L and IGTM.L.
Loading charts...
Drawdown Indicators
| IUGA.L | IGTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.08% | -24.90% | +4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -4.04% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -5.99% | -7.17% | +1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.05% | -22.30% | +3.25% |
Current DrawdownCurrent decline from peak | -6.58% | -13.02% | +6.44% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -11.29% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.51% | -0.49% |
Volatility
IUGA.L vs. IGTM.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) (IUGA.L) is 1.06%, while iShares USD Treasury Bond 7-10 Year UCITS ETF GBP Hedged Distributing (IGTM.L) has a volatility of 1.44%. This indicates that IUGA.L experiences smaller price fluctuations and is considered to be less risky than IGTM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUGA.L | IGTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.44% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 3.58% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 4.66% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 7.62% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 7.16% | -1.69% |
IUGA.L vs. IGTM.L - Expense Ratio Comparison
IUGA.L has a 0.30% expense ratio, which is higher than IGTM.L's 0.10% expense ratio.
Dividends
IUGA.L vs. IGTM.L - Dividend Comparison
IUGA.L's dividend yield for the trailing twelve months is around 3.86%, less than IGTM.L's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IGTM.L iShares USD Treasury Bond 7-10 Year UCITS ETF GBP Hedged Distributing | 4.31% | 4.11% | 3.91% | 3.04% | 2.06% | 1.12% | 1.57% | 1.64% | 0.00% |
IUGA.L iShares US Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.86% | 3.68% | 3.51% | 2.96% | 2.25% | 1.65% | 2.05% | 2.64% | 1.45% |
Frequently Asked Questions
IUGA.L and IGTM.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGTM.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGTM.L is cheaper with a 0.10% expense ratio, compared with 0.30% for IUGA.L.
IUGA.L tracks Bloomberg US Aggregate Bond (GBP Hedged) Index, while IGTM.L tracks ICE US Treasury 7-10 Year Index. Their fees differ too: 0.30% for IUGA.L and 0.10% for IGTM.L.
Find the right allocation for IUGA.L and IGTM.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