LQEE.L vs. 0GGH.L
LQEE.L (iShares $ Corp Bond UCITS ETF EUR Hedged (Dist)) and 0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) are both Global Bonds funds from iShares - LQEE.L tracks the iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) while 0GGH.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, LQEE.L returned -2.88%/yr vs -1.55%/yr for 0GGH.L. A 0.63 correlation means they provide meaningful diversification when combined. LQEE.L charges 0.25%/yr vs 0.10%/yr for 0GGH.L.
Performance
LQEE.L vs. 0GGH.L - Performance Comparison
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Returns By Period
In the year-to-date period, LQEE.L achieves a -1.87% return, which is significantly lower than 0GGH.L's -0.48% return.
LQEE.L
- 1D
- 0.01%
- 1M
- -1.49%
- 6M
- -1.87%
- YTD
- -1.87%
- 1Y
- 2.12%
- 3Y*
- 2.35%
- 5Y*
- -2.88%
- 10Y*
- —
0GGH.L
- 1D
- -0.08%
- 1M
- -0.69%
- 6M
- -0.69%
- YTD
- -0.48%
- 1Y
- 1.16%
- 3Y*
- 2.17%
- 5Y*
- -1.55%
- 10Y*
- —
LQEE.L vs. 0GGH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQEE.L iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) | -1.87% | 5.71% | -0.68% | 6.15% | -20.01% | -2.75% | 8.79% | 14.39% | -6.81% | 0.65% |
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -0.48% | 2.71% | 1.27% | 4.35% | -13.33% | -2.45% | 3.79% | 4.91% | -1.24% | -0.35% |
Correlation
The correlation between LQEE.L and 0GGH.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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017 | 0.63 |
The correlation between LQEE.L and 0GGH.L has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
LQEE.L vs. 0GGH.L — Risk / Return Rank
LQEE.L
0GGH.L
LQEE.L vs. 0GGH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) (LQEE.L) and iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.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.
| LQEE.L | 0GGH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.34 | +0.23 |
| Martin ratioReturn relative to average drawdown | 1.39 | 0.86 | +0.53 |
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Drawdowns
LQEE.L vs. 0GGH.L - Drawdown Comparison
The maximum LQEE.L drawdown since its inception was -27.52%, which is greater than 0GGH.L's maximum drawdown of -21.17%. Use the drawdown chart below to compare losses from any high point for LQEE.L and 0GGH.L.
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Drawdown Indicators
| LQEE.L | 0GGH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -21.17% | -6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -2.80% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -8.17% | -3.90% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -21.17% | -5.88% |
Current DrawdownCurrent decline from peak | -15.14% | -12.70% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -8.72% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.10% | +0.42% |
Volatility
LQEE.L vs. 0GGH.L - Volatility Comparison
iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) (LQEE.L) has a higher volatility of 1.28% compared to iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) at 0.99%. This indicates that LQEE.L's price experiences larger fluctuations and is considered to be riskier than 0GGH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQEE.L | 0GGH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.99% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.29% | 2.75% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 3.33% | +2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 24.29% | -15.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 20.91% | -12.02% |
LQEE.L vs. 0GGH.L - Expense Ratio Comparison
LQEE.L has a 0.25% expense ratio, which is higher than 0GGH.L'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
LQEE.L vs. 0GGH.L - Dividend Comparison
LQEE.L's dividend yield for the trailing twelve months is around 5.03%, while 0GGH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0GGH.L iShares Core Global 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% |
LQEE.L iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) | 5.03% | 4.75% | 5.02% | 4.58% | 3.79% | 2.69% | 2.69% | 3.45% | 3.76% | 0.65% |
Frequently Asked Questions
LQEE.L and 0GGH.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.
On fees, 0GGH.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.25% for LQEE.L.
LQEE.L tracks iShares $ Corp Bond UCITS ETF EUR Hedged (Dist), while 0GGH.L tracks Bloomberg Global Aggregate Bond Index. Their fees differ too: 0.25% for LQEE.L and 0.10% for 0GGH.L.
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