SAGG.L vs. SAAA.L
SAGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and SAAA.L (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) are both Global Bonds funds from iShares tracking the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, SAGG.L returned 215.72%/yr vs -1.97%/yr for SAAA.L. Their correlation of 0.86 suggests significant overlap in exposure. SAGG.L charges 0.10%/yr vs 0.20%/yr for SAAA.L.
Performance
SAGG.L vs. SAAA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SAGG.L achieves a -1.45% return, which is significantly lower than SAAA.L's 0.29% return.
SAGG.L
- 1D
- 0.26%
- 1M
- 1.02%
- YTD
- -1.45%
- 6M
- -1.68%
- 1Y
- 1.64%
- 3Y*
- 0.18%
- 5Y*
- 215.72%
- 10Y*
- —
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%
SAGG.L vs. SAAA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -1.45% | 0.53% | 0.03% | 975.51% | 1,013.35% | 616.49% | 2,058.65% | 3,293.93% | 383.58% | -1.30% |
SAAA.L iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 0.29% | 2.96% | -3.46% | 2.32% | -11.40% | -6.94% | 8.12% | 1.61% | 2.74% | -0.97% |
Correlation
The correlation between SAGG.L and SAAA.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.86 |
The correlation between SAGG.L and SAAA.L shifts across timeframes, from 0.74 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SAGG.L vs. SAAA.L — Risk / Return Rank
SAGG.L
SAAA.L
SAGG.L vs. SAAA.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 iShares Global AAA-AA Government Bond UCITS ETF (Dist) (SAAA.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.
| SAGG.L | SAAA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 0.79 | -0.48 |
| Martin ratioReturn relative to average drawdown | 0.63 | 1.74 | -1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SAGG.L | SAAA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.67 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | -0.29 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.12 | +0.85 |
Drawdowns
SAGG.L vs. SAAA.L - Drawdown Comparison
The maximum SAGG.L drawdown since its inception was -10.22%, smaller than the maximum SAAA.L drawdown of -24.70%. Use the drawdown chart below to compare losses from any high point for SAGG.L and SAAA.L.
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Drawdown Indicators
| SAGG.L | SAAA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.22% | -24.70% | +14.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -3.83% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -5.68% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -8.71% | -18.85% | +10.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.70% | — |
Current DrawdownCurrent decline from peak | -3.93% | -18.59% | +14.66% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -9.88% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.75% | +0.86% |
Volatility
SAGG.L vs. SAAA.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (SAGG.L) is 1.17%, while iShares Global AAA-AA Government Bond UCITS ETF (Dist) (SAAA.L) has a volatility of 1.36%. This indicates that SAGG.L experiences smaller price fluctuations and is considered to be less risky than SAAA.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 | SAAA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.36% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 3.45% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 4.50% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 475.05% | 6.75% | +468.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 485.36% | 7.86% | +477.50% |
SAGG.L vs. SAAA.L - Expense Ratio Comparison
SAGG.L has a 0.10% expense ratio, which is lower than SAAA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SAGG.L vs. SAAA.L - Dividend Comparison
SAGG.L's dividend yield for the trailing twelve months is around 1.52%, less than SAAA.L's 2.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SAGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.52% | 3.13% | 2.68% | 95.35% | 147.52% | 130.26% | 156.35% | 167.63% | 76.39% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAGG.L and SAAA.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAGG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for SAAA.L.
Both ETFs track Bloomberg Global Aggregate TR USD. Their fees differ too: 0.10% for SAGG.L and 0.20% for SAAA.L.
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