SAGG.L vs. GLBL.L
SAGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and GLBL.L (SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR USD, from iShares and State Street respectively. Both are passively managed. Over the past 5 years, SAGG.L returned -0.61%/yr vs -0.62%/yr for GLBL.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
SAGG.L vs. GLBL.L - Performance Comparison
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Returns By Period
In the year-to-date period, SAGG.L achieves a 1.64% return, which is significantly higher than GLBL.L's 1.54% return.
SAGG.L
- 1D
- 0.00%
- 1M
- 1.53%
- YTD
- 1.64%
- 6M
- 2.26%
- 1Y
- 4.46%
- 3Y*
- 1.88%
- 5Y*
- -0.61%
- 10Y*
- —
GLBL.L
- 1D
- -0.15%
- 1M
- 1.51%
- YTD
- 1.54%
- 6M
- 2.02%
- 1Y
- 4.56%
- 3Y*
- 1.86%
- 5Y*
- -0.62%
- 10Y*
- —
SAGG.L vs. GLBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SAGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.64% | 0.43% | 0.10% | -0.50% | -5.67% | -3.94% | 5.19% | 3.52% | 8.68% |
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | 1.54% | 0.65% | 0.03% | -0.43% | -5.99% | -3.96% | 5.31% | 3.31% | -23.54% |
Correlation
The correlation between SAGG.L and GLBL.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2018 | 0.92 |
The correlation between SAGG.L and GLBL.L has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
SAGG.L vs. GLBL.L — Risk / Return Rank
SAGG.L
GLBL.L
SAGG.L vs. GLBL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (SAGG.L) and SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.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.
| SAGG.L | GLBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.21 | -0.02 |
| Martin ratioReturn relative to average drawdown | 2.43 | 2.47 | -0.04 |
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Drawdowns
SAGG.L vs. GLBL.L - Drawdown Comparison
The maximum SAGG.L drawdown since its inception was -28.96%, roughly equal to the maximum GLBL.L drawdown of -30.13%. Use the drawdown chart below to compare losses from any high point for SAGG.L and GLBL.L.
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Drawdown Indicators
| SAGG.L | GLBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.96% | -30.13% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.74% | -3.76% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -5.25% | -4.91% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -13.74% | -14.10% | +0.36% |
Current DrawdownCurrent decline from peak | -22.12% | -23.54% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -21.83% | -23.08% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.84% | -0.01% |
Volatility
SAGG.L vs. GLBL.L - Volatility Comparison
iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (SAGG.L) has a higher volatility of 1.46% compared to SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged (GLBL.L) at 1.32%. This indicates that SAGG.L's price experiences larger fluctuations and is considered to be riskier than GLBL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAGG.L | GLBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.32% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 3.37% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.14% | 4.56% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.99% | 6.63% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.30% | 12.30% | -1.00% |
SAGG.L vs. GLBL.L - Expense Ratio Comparison
Both SAGG.L and GLBL.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SAGG.L vs. GLBL.L - Dividend Comparison
SAGG.L's dividend yield for the trailing twelve months is around 3.12%, which matches GLBL.L's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GLBL.L SPDR Bloomberg Barclays Global Aggregate Bond UCITS USD unhedged | 3.10% | 3.14% | 2.76% | 2.05% | 1.39% | 1.22% | 1.54% | 1.67% | 1.06% |
SAGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 3.12% | 3.13% | 2.68% | 2.02% | 1.47% | 1.30% | 1.56% | 1.67% | 0.93% |
Frequently Asked Questions
SAGG.L and GLBL.L have a correlation of 0.85, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SAGG.L and GLBL.L have the same expense ratio: 0.10% per year.
Both ETFs track Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and State Street.
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