KLMG.L vs. V3GS.L

Last updated Jun 5, 2026

KLMG.L (Lyxor Green Bond UCITS ETF GBP Hedged Dist) and V3GS.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating) are both Global Corporate Bonds funds tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, from Amundi and Vanguard respectively. Both are passively managed. Over the past 5 years, KLMG.L returned -1.59%/yr vs 0.46%/yr for V3GS.L. Their correlation of 0.81 suggests significant overlap in exposure. KLMG.L charges 0.30%/yr vs 0.15%/yr for V3GS.L.

Performance

KLMG.L vs. V3GS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) and Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLMG.L achieves a 0.83% return, which is significantly higher than V3GS.L's 0.62% return.

KLMG.L

• 1D: 0.09%
• 1M: 0.83%
• YTD: 0.83%
• 6M: -1.34%
• 1Y: 0.36%
• 3Y*: 3.69%
• 5Y*: -1.59%
• 10Y*: —

V3GS.L

• 1D: 0.24%
• 1M: 0.84%
• YTD: 0.62%
• 6M: 0.78%
• 1Y: 4.39%
• 3Y*: 5.34%
• 5Y*: 0.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLMG.L vs. V3GS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist	0.83%	1.12%	3.03%	8.52%	-18.95%	0.35%
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating	0.62%	6.49%	3.15%	7.67%	-14.59%	1.06%

Correlation

The correlation between KLMG.L and V3GS.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.81

The correlation between KLMG.L and V3GS.L shifts across timeframes, from 0.71 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

KLMG.L vs. V3GS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLMG.L

KLMG.L Risk / Return Rank: 10
KLMG.L Sharpe Ratio Rank: 10
KLMG.L Sortino Ratio Rank: 9
KLMG.L Omega Ratio Rank: 9
KLMG.L Calmar Ratio Rank: 10
KLMG.L Martin Ratio Rank: 10

V3GS.L

V3GS.L Risk / Return Rank: 33
V3GS.L Sharpe Ratio Rank: 32
V3GS.L Sortino Ratio Rank: 31
V3GS.L Omega Ratio Rank: 31
V3GS.L Calmar Ratio Rank: 34
V3GS.L Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLMG.L vs. V3GS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) and Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.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.

	KLMG.L	V3GS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.14	-1.06
Sortino ratio: Return per unit of downside risk	0.14	1.65	-1.52
Omega ratio: Gain probability vs. loss probability	1.02	1.20	-0.18
Calmar ratio: Return relative to maximum drawdown	0.09	1.67	-1.58
Martin ratio: Return relative to average drawdown	0.20	5.58	-5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLMG.L vs. V3GS.L - Sharpe Ratio Comparison

The current KLMG.L Sharpe Ratio is 0.08, which is lower than the V3GS.L Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of KLMG.L and V3GS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KLMG.L	V3GS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	1.14	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	0.08	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.10	-0.41

Drawdowns

KLMG.L vs. V3GS.L - Drawdown Comparison

The maximum KLMG.L drawdown since its inception was -24.10%, which is greater than V3GS.L's maximum drawdown of -20.17%. Use the drawdown chart below to compare losses from any high point for KLMG.L and V3GS.L.

Drawdown Indicators

	KLMG.L	V3GS.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.10%	-20.17%	-3.93%
Max Drawdown (1Y) Largest decline over 1 year	-3.94%	-2.61%	-1.33%
Max Drawdown (3Y) Largest decline over 3 years	-3.94%	-3.80%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-20.17%	-2.89%
Current Drawdown Current decline from peak	-11.23%	-0.61%	-10.62%
Average Drawdown Average peak-to-trough decline	-12.13%	-7.82%	-4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	0.78%	+1.02%

Volatility

KLMG.L vs. V3GS.L - Volatility Comparison

Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) has a higher volatility of 1.72% compared to Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L) at 1.56%. This indicates that KLMG.L's price experiences larger fluctuations and is considered to be riskier than V3GS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLMG.L	V3GS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	1.56%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	3.68%	3.02%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	3.84%	+0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	5.55%	+0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.58%	5.55%	+0.03%

KLMG.L vs. V3GS.L - Expense Ratio Comparison

KLMG.L has a 0.30% expense ratio, which is higher than V3GS.L's 0.15% expense ratio.

Dividends

KLMG.L vs. V3GS.L - Dividend Comparison

Neither KLMG.L nor V3GS.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist	0.00%	0.00%	2.02%	1.44%	1.28%	1.03%
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KLMG.L and V3GS.L in my portfolio?

KLMG.L and V3GS.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLMG.L or V3GS.L?

On fees, V3GS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLMG.L or V3GS.L?

V3GS.L is cheaper with a 0.15% expense ratio, compared with 0.30% for KLMG.L.

What is the main difference between KLMG.L and V3GS.L?

Both ETFs track Bloomberg Gbl Agg Corp TR Hdg GBP. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.30% for KLMG.L and 0.15% for V3GS.L.