JEDG.L vs. VAGP.L
JEDG.L (VanEck Space Innovators UCITS ETF) and VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) are both exchange-traded funds - JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while VAGP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 3 years, JEDG.L returned 60.72%/yr vs 3.87%/yr for VAGP.L. At a 0.09 correlation, their price movements are largely independent. JEDG.L charges 0.55%/yr vs 0.10%/yr for VAGP.L.
Performance
JEDG.L vs. VAGP.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEDG.L achieves a 60.50% return, which is significantly higher than VAGP.L's 0.30% return.
JEDG.L
- 1D
- 0.00%
- 1M
- -3.39%
- YTD
- 60.50%
- 6M
- 65.03%
- 1Y
- 168.29%
- 3Y*
- 60.72%
- 5Y*
- —
- 10Y*
- —
VAGP.L
- 1D
- 0.18%
- 1M
- 1.12%
- YTD
- 0.30%
- 6M
- 0.92%
- 1Y
- 3.26%
- 3Y*
- 3.87%
- 5Y*
- -0.33%
- 10Y*
- —
JEDG.L vs. VAGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 60.50% | 80.38% | 46.13% | 6.44% | -11.57% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.30% | 4.93% | 2.54% | 5.85% | -3.26% |
Correlation
The correlation between JEDG.L and VAGP.L is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.09 |
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Return for Risk
JEDG.L vs. VAGP.L — Risk / Return Rank
JEDG.L
VAGP.L
JEDG.L vs. VAGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDG.L) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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.
| JEDG.L | VAGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.16 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 1.09 | +5.60 |
| Martin ratioReturn relative to average drawdown | 22.14 | 3.10 | +19.04 |
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Drawdowns
JEDG.L vs. VAGP.L - Drawdown Comparison
The maximum JEDG.L drawdown since its inception was -26.80%, which is greater than VAGP.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for JEDG.L and VAGP.L.
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Drawdown Indicators
| JEDG.L | VAGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.80% | -18.13% | -8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -25.47% | -2.77% | -22.70% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -4.01% | -22.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.71% | — |
Current DrawdownCurrent decline from peak | -20.98% | -3.65% | -17.33% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -6.65% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.68% | 0.98% | +6.70% |
Volatility
JEDG.L vs. VAGP.L - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDG.L) has a higher volatility of 20.29% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) at 1.42%. This indicates that JEDG.L's price experiences larger fluctuations and is considered to be riskier than VAGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEDG.L | VAGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.29% | 1.42% | +18.87% |
Volatility (6M)Calculated over the trailing 6-month period | 35.99% | 2.81% | +33.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.62% | 3.38% | +42.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.51% | 4.79% | +28.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.51% | 4.50% | +29.01% |
JEDG.L vs. VAGP.L - Expense Ratio Comparison
JEDG.L has a 0.55% expense ratio, which is higher than VAGP.L's 0.10% expense ratio.
Dividends
JEDG.L vs. VAGP.L - Dividend Comparison
JEDG.L has not paid dividends to shareholders, while VAGP.L's dividend yield for the trailing twelve months is around 3.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.55% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% |
Frequently Asked Questions
JEDG.L and VAGP.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGP.L is cheaper with a 0.10% expense ratio, compared with 0.55% for JEDG.L.
JEDG.L is categorized as Industrials Equities, while VAGP.L is Global Bonds. JEDG.L tracks MSCI World/Materials NR USD, while VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.55% for JEDG.L and 0.10% for VAGP.L.
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