SAGG.L vs. SPMO
SAGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - SAGG.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 5 years, SAGG.L returned 215.72%/yr vs 25.26%/yr for SPMO. At a 0.14 correlation, their price movements are largely independent. SAGG.L charges 0.10%/yr vs 0.13%/yr for SPMO.
Performance
SAGG.L vs. SPMO - Performance Comparison
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Different Trading Currencies
SAGG.L is traded in GBP, while SPMO is traded in USD. To make them comparable, the SPMO values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SAGG.L achieves a -1.45% return, which is significantly lower than SPMO's 28.97% 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*
- —
SPMO
- 1D
- -1.46%
- 1M
- 11.86%
- YTD
- 28.97%
- 6M
- 26.62%
- 1Y
- 45.32%
- 3Y*
- 38.70%
- 5Y*
- 25.26%
- 10Y*
- 21.67%
SAGG.L vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | 28.97% | 17.56% | 48.36% | 11.68% | 0.20% | 23.81% | 24.49% | 21.14% | 4.96% | 1.34% |
Correlation
The correlation between SAGG.L and SPMO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2017 | 0.14 |
The correlation between SAGG.L and SPMO shifts across timeframes, from 0.02 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SAGG.L vs. SPMO — Risk / Return Rank
SAGG.L
SPMO
SAGG.L vs. SPMO - 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 Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.47 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 3.61 | -3.29 |
| Martin ratioReturn relative to average drawdown | 0.63 | 11.17 | -10.55 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.68 | -2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.36 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.05 | -0.07 |
Drawdowns
SAGG.L vs. SPMO - Drawdown Comparison
The maximum SAGG.L drawdown since its inception was -10.22%, smaller than the maximum SPMO drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for SAGG.L and SPMO.
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Drawdown Indicators
| SAGG.L | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.22% | -25.97% | +15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -12.62% | +7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -5.18% | -23.01% | +17.83% |
Max Drawdown (5Y)Largest decline over 5 years | -8.71% | -23.01% | +14.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.97% | — |
Current DrawdownCurrent decline from peak | -3.93% | -1.46% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -4.14% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 4.07% | -1.46% |
Volatility
SAGG.L vs. SPMO - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (SAGG.L) is 1.17%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.92%. This indicates that SAGG.L experiences smaller price fluctuations and is considered to be less risky than SPMO 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 | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 6.92% | -5.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.64% | 13.27% | -9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 16.99% | -12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 475.05% | 18.63% | +456.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 485.36% | 20.82% | +464.54% |
SAGG.L vs. SPMO - Expense Ratio Comparison
SAGG.L has a 0.10% expense ratio, which is lower than SPMO's 0.13% 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. SPMO - Dividend Comparison
SAGG.L's dividend yield for the trailing twelve months is around 1.52%, more than SPMO's 0.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPMO Invesco S&P 500 Momentum ETF | 0.66% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
SAGG.L and SPMO have a correlation of 0.02, 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 0.13% for SPMO.
SAGG.L is categorized as Global Bonds, while SPMO is Momentum. SAGG.L tracks Bloomberg Global Aggregate TR USD, while SPMO tracks S&P 500 Momentum Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for SAGG.L and 0.13% for SPMO.
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