SGIL.L vs. IGLH.L
SGIL.L (iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc)) and IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - SGIL.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked TR USD, while IGLH.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, SGIL.L returned -1.30%/yr vs -1.21%/yr for IGLH.L. A 0.51 correlation means they provide meaningful diversification when combined. SGIL.L charges 0.20%/yr vs 0.25%/yr for IGLH.L.
Performance
SGIL.L vs. IGLH.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGIL.L achieves a 1.95% return, which is significantly lower than IGLH.L's 2.67% return.
SGIL.L
- 1D
- 0.03%
- 1M
- 1.07%
- YTD
- 1.95%
- 6M
- 1.76%
- 1Y
- 4.11%
- 3Y*
- 1.30%
- 5Y*
- -1.30%
- 10Y*
- 1.97%
IGLH.L
- 1D
- -0.44%
- 1M
- 0.88%
- YTD
- 2.67%
- 6M
- 0.23%
- 1Y
- 1.66%
- 3Y*
- 2.12%
- 5Y*
- -1.21%
- 10Y*
- —
SGIL.L vs. IGLH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGIL.L iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 1.95% | 1.15% | -1.43% | -0.60% | -12.55% | 4.21% | 8.42% | 4.53% | 4.81% |
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 2.67% | 0.70% | 0.62% | 4.79% | -13.58% | -2.41% | 5.04% | 5.45% | 1.12% |
Correlation
The correlation between SGIL.L and IGLH.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 | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.51 |
Over the past year, the correlation between SGIL.L and IGLH.L has dropped to 0.26 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
SGIL.L vs. IGLH.L — Risk / Return Rank
SGIL.L
IGLH.L
SGIL.L vs. IGLH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) and iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.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.
| SGIL.L | IGLH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 0.48 | +0.70 |
| Martin ratioReturn relative to average drawdown | 2.27 | 1.31 | +0.96 |
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Drawdowns
SGIL.L vs. IGLH.L - Drawdown Comparison
The maximum SGIL.L drawdown since its inception was -20.22%, which is greater than IGLH.L's maximum drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for SGIL.L and IGLH.L.
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Drawdown Indicators
| SGIL.L | IGLH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.22% | -18.42% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.43% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -5.64% | -4.58% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.22% | -16.83% | -3.39% |
Max Drawdown (10Y)Largest decline over 10 years | -20.22% | — | — |
Current DrawdownCurrent decline from peak | -14.32% | -9.15% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -7.34% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.27% | +0.39% |
Volatility
SGIL.L vs. IGLH.L - Volatility Comparison
The current volatility for iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) (SGIL.L) is 0.84%, while iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) has a volatility of 1.03%. This indicates that SGIL.L experiences smaller price fluctuations and is considered to be less risky than IGLH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGIL.L | IGLH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.03% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 4.94% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.97% | 5.47% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 5.62% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 4.92% | +4.00% |
SGIL.L vs. IGLH.L - Expense Ratio Comparison
SGIL.L has a 0.20% expense ratio, which is lower than IGLH.L's 0.25% 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
SGIL.L vs. IGLH.L - Dividend Comparison
SGIL.L has not paid dividends to shareholders, while IGLH.L's dividend yield for the trailing twelve months is around 2.97%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 2.97% | 2.91% | 2.33% | 1.40% | 0.73% | 0.55% | 0.97% | 1.19% | 0.32% |
SGIL.L iShares Global Inflation Linked Government Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGIL.L and IGLH.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, SGIL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGIL.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IGLH.L.
SGIL.L is categorized as Inflation-Protected Bonds, while IGLH.L is Global Bonds. SGIL.L tracks Bloomberg Gbl Infl Linked TR USD, while IGLH.L tracks Bloomberg Global Aggregate TR Hdg GBP. Their fees differ too: 0.20% for SGIL.L and 0.25% for IGLH.L.
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