SEAG.L vs. GOVD.L
SEAG.L (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist)) and GOVD.L (Lyxor Core Global Government Bond (DR) UCITS ETF - Dist) are both Global Bonds funds - SEAG.L tracks the iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) while GOVD.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, SEAG.L returned -2.46%/yr vs -3.00%/yr for GOVD.L. A 0.73 correlation means they provide meaningful diversification when combined. SEAG.L charges 0.16%/yr vs 0.09%/yr for GOVD.L.
Performance
SEAG.L vs. GOVD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEAG.L achieves a -4.08% return, which is significantly lower than GOVD.L's -2.04% 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%
GOVD.L
- 1D
- -0.52%
- 1M
- -1.37%
- 6M
- -1.87%
- YTD
- -2.04%
- 1Y
- -0.76%
- 3Y*
- 0.17%
- 5Y*
- -3.00%
- 10Y*
- —
SEAG.L vs. GOVD.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% | 2.23% |
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | -2.04% | -0.20% | -1.78% | -1.14% | -8.48% | -5.98% | -22.93% |
Correlation
The correlation between SEAG.L and GOVD.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020 | 0.73 |
The correlation between SEAG.L and GOVD.L shifts across timeframes, from 0.54 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEAG.L vs. GOVD.L — Risk / Return Rank
SEAG.L
GOVD.L
SEAG.L vs. GOVD.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 Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.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 | GOVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.03 | -0.13 |
| Martin ratioReturn relative to average drawdown | -0.22 | -0.03 | -0.18 |
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Drawdowns
SEAG.L vs. GOVD.L - Drawdown Comparison
The maximum SEAG.L drawdown since its inception was -24.92%, smaller than the maximum GOVD.L drawdown of -38.07%. Use the drawdown chart below to compare losses from any high point for SEAG.L and GOVD.L.
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Drawdown Indicators
| SEAG.L | GOVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.92% | -38.07% | +13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -27.42% | +10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -27.42% | +10.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -27.42% | +8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -24.92% | — | — |
Current DrawdownCurrent decline from peak | -18.96% | -37.04% | +18.08% |
Average DrawdownAverage peak-to-trough decline | -11.78% | -32.00% | +20.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.93% | 22.98% | -11.05% |
Volatility
SEAG.L vs. GOVD.L - Volatility Comparison
The current volatility for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist) (SEAG.L) is 1.45%, while Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) has a volatility of 41.47%. This indicates that SEAG.L experiences smaller price fluctuations and is considered to be less risky than GOVD.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 | GOVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 41.47% | -40.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 120.69% | -116.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.81% | 149.55% | -129.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 67.46% | -56.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.65% | 61.82% | -52.17% |
SEAG.L vs. GOVD.L - Expense Ratio Comparison
SEAG.L has a 0.16% expense ratio, which is higher than GOVD.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SEAG.L vs. GOVD.L - Dividend Comparison
SEAG.L's dividend yield for the trailing twelve months is around 1.22%, less than GOVD.L's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | 2.74% | 2.68% | 2.45% | 1.64% | 1.28% | 1.23% | 0.48% | 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 GOVD.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOVD.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOVD.L is cheaper with a 0.09% expense ratio, compared with 0.16% for SEAG.L.
SEAG.L tracks iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Dist), while GOVD.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.16% for SEAG.L and 0.09% for GOVD.L.
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