SAAA.L vs. EGOG.L
SAAA.L (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) are both Global Bonds funds - SAAA.L tracks the Bloomberg Global Aggregate TR USD while EGOG.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, SAAA.L returned -1.97%/yr vs -0.75%/yr for EGOG.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SAAA.L vs. EGOG.L - Performance Comparison
Loading charts...
Different Trading Currencies
SAAA.L is traded in GBP, while EGOG.L is traded in GBp. To make them comparable, the EGOG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SAAA.L achieves a 0.29% return, which is significantly higher than EGOG.L's -0.03% return.
SAAA.L
- 1D
- 0.19%
- 1M
- 0.80%
- YTD
- 0.29%
- 6M
- 0.21%
- 1Y
- 3.05%
- 3Y*
- 1.29%
- 5Y*
- -1.97%
- 10Y*
- 0.39%
EGOG.L
- 1D
- 0.04%
- 1M
- 0.37%
- YTD
- -0.03%
- 6M
- -0.16%
- 1Y
- 1.76%
- 3Y*
- 2.65%
- 5Y*
- -0.75%
- 10Y*
- —
SAAA.L vs. EGOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SAAA.L iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 0.29% | 2.96% | -3.46% | 2.32% | -11.40% | -6.94% | -1.40% |
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis | -0.03% | 3.06% | 2.00% | 3.46% | -13.02% | -1.80% | -0.02% |
Correlation
The correlation between SAAA.L and EGOG.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020 | 0.22 |
Over the past year, SAAA.L and EGOG.L have become more correlated (0.45) than their long-term average of 0.22, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SAAA.L vs. EGOG.L — Risk / Return Rank
SAAA.L
EGOG.L
SAAA.L vs. EGOG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (SAAA.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.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.
| SAAA.L | EGOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.96 | -0.17 |
| Martin ratioReturn relative to average drawdown | 1.74 | 2.28 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SAAA.L | EGOG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.73 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | -0.26 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.48 | +0.60 |
Drawdowns
SAAA.L vs. EGOG.L - Drawdown Comparison
The maximum SAAA.L drawdown since its inception was -24.70%, which is greater than EGOG.L's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for SAAA.L and EGOG.L.
Loading charts...
Drawdown Indicators
| SAAA.L | EGOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -16.69% | -8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.83% | -3.05% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -3.48% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.85% | -15.73% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -24.70% | — | — |
Current DrawdownCurrent decline from peak | -18.59% | -7.30% | -11.29% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -8.24% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.22% | +0.53% |
Volatility
SAAA.L vs. EGOG.L - Volatility Comparison
The current volatility for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (SAAA.L) is 1.36%, while UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) has a volatility of 1.57%. This indicates that SAAA.L experiences smaller price fluctuations and is considered to be less risky than EGOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SAAA.L | EGOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.57% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.89% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 4.00% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 8.63% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.86% | 8.62% | -0.76% |
SAAA.L vs. EGOG.L - Expense Ratio Comparison
Both SAAA.L and EGOG.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SAAA.L vs. EGOG.L - Dividend Comparison
SAAA.L's dividend yield for the trailing twelve months is around 2.68%, less than EGOG.L's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGOG.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis | 2.71% | 2.91% | 2.30% | 1.44% | 0.44% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAAA.L iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.68% | 2.48% | 2.34% | 1.57% | 0.76% | 0.48% | 0.61% | 0.89% | 0.87% | 0.81% | 0.83% | 1.06% |
Frequently Asked Questions
SAAA.L and EGOG.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SAAA.L and EGOG.L have the same expense ratio: 0.20% per year.
SAAA.L tracks Bloomberg Global Aggregate TR USD, while EGOG.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and UBS.
Find the right allocation for SAAA.L and EGOG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer