IUVL.L vs. VAGF.DE
IUVL.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IUVL.L is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, IUVL.L returned 15.74%/yr vs -2.57%/yr for VAGF.DE. At a 0.17 correlation, their price movements are largely independent. IUVL.L charges 0.20%/yr vs 0.10%/yr for VAGF.DE.
Performance
IUVL.L vs. VAGF.DE - Performance Comparison
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Different Trading Currencies
IUVL.L is traded in USD, while VAGF.DE is traded in EUR. To make them comparable, the VAGF.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUVL.L achieves a 46.45% return, which is significantly higher than VAGF.DE's -1.83% return.
IUVL.L
- 1D
- -0.85%
- 1M
- 15.82%
- YTD
- 46.45%
- 6M
- 50.45%
- 1Y
- 89.18%
- 3Y*
- 33.44%
- 5Y*
- 15.74%
- 10Y*
- —
VAGF.DE
- 1D
- 0.21%
- 1M
- -0.43%
- YTD
- -1.83%
- 6M
- -0.79%
- 1Y
- 2.94%
- 3Y*
- 4.82%
- 5Y*
- -2.57%
- 10Y*
- —
IUVL.L vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) | 46.45% | 33.07% | 6.49% | 14.53% | -14.87% | 29.80% | -1.49% | 13.78% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -1.83% | 16.54% | -4.95% | 7.83% | -19.53% | -10.63% | 15.34% | -0.10% |
Correlation
The correlation between IUVL.L and VAGF.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.17 |
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Return for Risk
IUVL.L vs. VAGF.DE — Risk / Return Rank
IUVL.L
VAGF.DE
IUVL.L vs. VAGF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE). 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.
| IUVL.L | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.98 | ||
| Sortino ratioReturn per unit of downside risk | +6.64 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.07 | +0.85 |
| Calmar ratioReturn relative to maximum drawdown | 10.48 | 0.49 | +9.99 |
| Martin ratioReturn relative to average drawdown | 43.31 | 1.19 | +42.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUVL.L | VAGF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.33 | 0.35 | +4.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | -0.26 | +1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | -0.04 | +0.83 |
Drawdowns
IUVL.L vs. VAGF.DE - Drawdown Comparison
The maximum IUVL.L drawdown since its inception was -39.73%, which is greater than VAGF.DE's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for IUVL.L and VAGF.DE.
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Drawdown Indicators
| IUVL.L | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -36.13% | -3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.47% | -6.01% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -11.32% | -7.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -33.74% | +7.04% |
Current DrawdownCurrent decline from peak | -0.96% | -15.67% | +14.71% |
Average DrawdownAverage peak-to-trough decline | -7.28% | -15.79% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.47% | -0.42% |
Volatility
IUVL.L vs. VAGF.DE - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a higher volatility of 7.66% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) at 2.42%. This indicates that IUVL.L's price experiences larger fluctuations and is considered to be riskier than VAGF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUVL.L | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.66% | 2.42% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.43% | 5.97% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.64% | 8.30% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 9.90% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 9.53% | +9.44% |
IUVL.L vs. VAGF.DE - Expense Ratio Comparison
IUVL.L has a 0.20% expense ratio, which is higher than VAGF.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUVL.L vs. VAGF.DE - Dividend Comparison
Neither IUVL.L nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
IUVL.L and VAGF.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IUVL.L.
IUVL.L is categorized as Large Cap Value Equities, while VAGF.DE is Global Bonds. IUVL.L tracks MSCI USA Enhanced Value Index, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IUVL.L and 0.10% for VAGF.DE.
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