SEAG.L vs. FGOV.L
SEAG.L (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) and FGOV.L (First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist) are both Global Bonds funds - SEAG.L tracks the iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) while FGOV.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, SEAG.L returned -2.46%/yr vs 1.03%/yr for FGOV.L. At a 0.31 correlation, their price movements are largely independent. SEAG.L charges 0.16%/yr vs 0.45%/yr for FGOV.L.
Performance
SEAG.L vs. FGOV.L - Performance Comparison
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Different Trading Currencies
SEAG.L is traded in GBP, while FGOV.L is traded in GBp. To make them comparable, the FGOV.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEAG.L achieves a -4.08% return, which is significantly lower than FGOV.L's 1.63% return.
SEAG.L
- 1D
- -0.78%
- 1M
- -2.48%
- 6M
- -3.84%
- YTD
- -4.08%
- 1Y
- -2.58%
- 3Y*
- 2.05%
- 5Y*
- -2.46%
- 10Y*
- -0.32%
FGOV.L
- 1D
- -0.10%
- 1M
- 0.04%
- 6M
- 1.26%
- YTD
- 1.63%
- 1Y
- 3.76%
- 3Y*
- 4.66%
- 5Y*
- 1.03%
- 10Y*
- —
SEAG.L vs. FGOV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SEAG.L iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | -4.08% | 6.32% | -2.34% | 4.78% | -12.37% | -9.36% | 0.10% |
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 1.63% | 5.31% | 3.51% | 6.01% | -7.49% | -6.11% | 1.12% |
Correlation
The correlation between SEAG.L and FGOV.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2020 | 0.31 |
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Return for Risk
SEAG.L vs. FGOV.L — Risk / Return Rank
SEAG.L
FGOV.L
SEAG.L vs. FGOV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.L) and First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.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.
| SEAG.L | FGOV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.42 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.15 | -2.30 |
| Martin ratioReturn relative to average drawdown | -0.22 | 7.38 | -7.60 |
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Drawdowns
SEAG.L vs. FGOV.L - Drawdown Comparison
The maximum SEAG.L drawdown since its inception was -24.92%, which is greater than FGOV.L's maximum drawdown of -14.18%. Use the drawdown chart below to compare losses from any high point for SEAG.L and FGOV.L.
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Drawdown Indicators
| SEAG.L | FGOV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -14.18% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -1.74% | -14.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -1.74% | -14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -11.88% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | — | — |
Current DrawdownCurrent decline from peak | -18.96% | -0.21% | -18.75% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -5.91% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 0.51% | +11.42% |
Volatility
SEAG.L vs. FGOV.L - Volatility Comparison
iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.L) has a higher volatility of 1.45% compared to First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) at 0.53%. This indicates that SEAG.L's price experiences larger fluctuations and is considered to be riskier than FGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEAG.L | FGOV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 0.53% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 1.67% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.81% | 1.85% | +17.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 3.30% | +7.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.65% | 3.16% | +6.49% |
SEAG.L vs. FGOV.L - Expense Ratio Comparison
SEAG.L has a 0.16% expense ratio, which is lower than FGOV.L's 0.45% expense ratio.
Dividends
SEAG.L vs. FGOV.L - Dividend Comparison
SEAG.L's dividend yield for the trailing twelve months is around 1.22%, less than FGOV.L's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGOV.L First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist | 3.28% | 2.82% | 2.27% | 1.86% | 1.01% | 1.20% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SEAG.L iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) | 1.22% | 2.28% | 1.97% | 1.15% | 0.59% | 0.49% | 0.61% | 0.93% | 1.04% | 1.13% | 1.22% | 0.72% |
Frequently Asked Questions
SEAG.L and FGOV.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEAG.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEAG.L is cheaper with a 0.16% expense ratio, compared with 0.45% for FGOV.L.
SEAG.L tracks iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist), while FGOV.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.16% for SEAG.L and 0.45% for FGOV.L.
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