LQEE.L vs. GAGG.L
LQEE.L (iShares $ Corp Bond UCITS ETF EUR Hedged (Dist)) and GAGG.L (Amundi Index Barclays Global Agg 500M) are both Global Bonds funds - LQEE.L tracks the iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) while GAGG.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, LQEE.L returned -2.88%/yr vs -1.22%/yr for GAGG.L. At a 0.28 correlation, their price movements are largely independent. LQEE.L charges 0.25%/yr vs 0.03%/yr for GAGG.L.
Performance
LQEE.L vs. GAGG.L - Performance Comparison
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Different Trading Currencies
LQEE.L is traded in EUR, while GAGG.L is traded in GBp. To make them comparable, the GAGG.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQEE.L achieves a -1.87% return, which is significantly lower than GAGG.L's 1.96% 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*
- —
GAGG.L
- 1D
- 0.02%
- 1M
- 0.65%
- 6M
- 1.33%
- YTD
- 1.96%
- 1Y
- 3.22%
- 3Y*
- 2.02%
- 5Y*
- -1.22%
- 10Y*
- —
LQEE.L vs. GAGG.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% | 1.25% |
GAGG.L Amundi Index Barclays Global Agg 500M | 1.96% | -4.82% | 5.03% | 1.37% | -10.81% | 2.34% | -0.11% | 9.29% | 3.34% | -0.24% |
Correlation
The correlation between LQEE.L and GAGG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.28 |
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Return for Risk
LQEE.L vs. GAGG.L — Risk / Return Rank
LQEE.L
GAGG.L
LQEE.L vs. GAGG.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 Amundi Index Barclays Global Agg 500M (GAGG.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 | GAGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.14 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.45 | -0.88 |
| Martin ratioReturn relative to average drawdown | 1.39 | 3.01 | -1.62 |
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Drawdowns
LQEE.L vs. GAGG.L - Drawdown Comparison
The maximum LQEE.L drawdown since its inception was -27.52%, which is greater than GAGG.L's maximum drawdown of -26.15%. Use the drawdown chart below to compare losses from any high point for LQEE.L and GAGG.L.
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Drawdown Indicators
| LQEE.L | GAGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -26.15% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -2.22% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -8.17% | -7.78% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.05% | -14.86% | -12.19% |
Current DrawdownCurrent decline from peak | -15.14% | -17.50% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -16.13% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.07% | +0.45% |
Volatility
LQEE.L vs. GAGG.L - Volatility Comparison
iShares $ Corp Bond UCITS ETF EUR Hedged (Dist) (LQEE.L) has a higher volatility of 1.28% compared to Amundi Index Barclays Global Agg 500M (GAGG.L) at 0.99%. This indicates that LQEE.L's price experiences larger fluctuations and is considered to be riskier than GAGG.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 | GAGG.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% | 2.82% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 3.96% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.47% | 6.37% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 7.90% | +0.99% |
LQEE.L vs. GAGG.L - Expense Ratio Comparison
LQEE.L has a 0.25% expense ratio, which is higher than GAGG.L's 0.03% 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. GAGG.L - Dividend Comparison
LQEE.L's dividend yield for the trailing twelve months is around 5.03%, while GAGG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GAGG.L Amundi Index Barclays Global Agg 500M | 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 GAGG.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAGG.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAGG.L is cheaper with a 0.03% expense ratio, compared with 0.25% for LQEE.L.
LQEE.L tracks iShares $ Corp Bond UCITS ETF EUR Hedged (Dist), while GAGG.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for LQEE.L and 0.03% for GAGG.L.
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