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SGLO.L vs. EGOG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SGLO.L vs. EGOG.L

Last updated Jun 5, 2026

SGLO.L (iShares Global Government Bond UCITS ETF USD (Dist)) and EGOG.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis) are both Global Bonds funds - SGLO.L tracks the Bloomberg Global Aggregate TR USD while EGOG.L tracks the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, SGLO.L returned -1.81%/yr vs -0.75%/yr for EGOG.L. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SGLO.L vs. EGOG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SGLO.L is traded in GBP, while EGOG.L is traded in GBp. To make them comparable, the EGOG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SGLO.L achieves a -0.79% return, which is significantly lower than EGOG.L's -0.03% return.

SGLO.L

1D
-0.11%
1M
0.41%
YTD
-0.79%
6M
-1.34%
1Y
1.82%
3Y*
-0.41%
5Y*
-1.81%
10Y*
0.35%

EGOG.L

1D
0.04%
1M
0.37%
YTD
-0.03%
6M
-0.16%
1Y
1.76%
3Y*
2.65%
5Y*
-0.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SGLO.L vs. EGOG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SGLO.L
iShares Global Government Bond UCITS ETF USD (Dist)		-0.79%0.31%-1.33%-1.35%-7.72%-5.44%-2.80%
EGOG.L
UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis		-0.03%3.06%2.00%3.46%-13.02%-1.80%-0.02%

Correlation

The correlation between SGLO.L and EGOG.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2020

0.18

The correlation between SGLO.L and EGOG.L shifts across timeframes, from 0.18 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

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iShares Global Government Bond UCITS ETF USD (Dist)

UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis

Often compared with SGLO.L:
SGLO.L vs. IGLO.LSGLO.L vs. IGLH.LSGLO.L vs. SGLP.LSGLO.L vs. VUSA.LSGLO.L vs. VDCSGLO.L vs. AGHG.LSGLO.L vs. GAGG.L
Often compared with EGOG.L:
EGOG.L vs. XGSI.LEGOG.L vs. GLAU.LEGOG.L vs. GLAG.LEGOG.L vs. GLAB.LEGOG.L vs. GLAD.LEGOG.L vs. AGGU.LEGOG.L vs. FGOV.L

Return for Risk

SGLO.L vs. EGOG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SGLO.L
SGLO.L Risk / Return Rank: 1414
Overall Rank
SGLO.L Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
SGLO.L Sortino Ratio Rank: 1414
Sortino Ratio Rank
SGLO.L Omega Ratio Rank: 1313
Omega Ratio Rank
SGLO.L Calmar Ratio Rank: 1515
Calmar Ratio Rank
SGLO.L Martin Ratio Rank: 1414
Martin Ratio Rank
EGOG.L
EGOG.L Risk / Return Rank: 2121
Overall Rank
EGOG.L Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
EGOG.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
EGOG.L Omega Ratio Rank: 2020
Omega Ratio Rank
EGOG.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
EGOG.L Martin Ratio Rank: 2020
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGLO.L vs. EGOG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) and UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.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.

SGLO.LEGOG.LDifference
Sharpe ratioReturn per unit of total volatility
0.37
0.73

-0.37

Sortino ratioReturn per unit of downside risk
0.58
1.10

-0.52

Omega ratioGain probability vs. loss probability

1.07

1.12

-0.06

Calmar ratioReturn relative to maximum drawdown

0.45

0.96

-0.51

Martin ratioReturn relative to average drawdown

0.90

2.28

-1.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGLO.L vs. EGOG.L - Sharpe Ratio Comparison

The current SGLO.L Sharpe Ratio is 0.37, which is lower than the EGOG.L Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of SGLO.L and EGOG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SGLO.LEGOG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.37

0.73

-0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.24

-0.26

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.04

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.19

-0.48

+0.66

Drawdowns

SGLO.L vs. EGOG.L - Drawdown Comparison

The maximum SGLO.L drawdown since its inception was -25.55%, which is greater than EGOG.L's maximum drawdown of -16.69%. Use the drawdown chart below to compare losses from any high point for SGLO.L and EGOG.L.

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Drawdown Indicators

SGLO.LEGOG.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.55%

-16.69%

-8.86%

Max Drawdown (1Y)

Largest decline over 1 year

-4.26%

-3.05%

-1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-5.41%

-3.48%

-1.93%

Max Drawdown (5Y)

Largest decline over 5 years

-16.48%

-15.73%

-0.75%

Max Drawdown (10Y)

Largest decline over 10 years

-25.55%

—

—

Current Drawdown

Current decline from peak

-22.83%

-7.30%

-15.53%

Average Drawdown

Average peak-to-trough decline

-10.09%

-8.24%

-1.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

1.22%

+0.92%

Volatility

SGLO.L vs. EGOG.L - Volatility Comparison

The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) is 1.24%, while UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis (EGOG.L) has a volatility of 1.57%. This indicates that SGLO.L experiences smaller price fluctuations and is considered to be less risky than EGOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SGLO.LEGOG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.24%

1.57%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

3.88%

2.89%

+0.99%

Volatility (1Y)

Calculated over the trailing 1-year period

5.24%

4.00%

+1.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.47%

8.63%

-1.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.77%

8.62%

+0.15%

SGLO.L vs. EGOG.L - Expense Ratio Comparison

Both SGLO.L and EGOG.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SGLO.L vs. EGOG.L - Dividend Comparison

SGLO.L's dividend yield for the trailing twelve months is around 4.16%, more than EGOG.L's 2.71% yield.

PositionTTM20252024202320222021202020192018201720162015
EGOG.L
UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (hedged to GBP) A-dis		2.71%2.91%2.30%1.44%0.44%0.17%0.00%0.00%0.00%0.00%0.00%0.00%
SGLO.L
iShares Global Government Bond UCITS ETF USD (Dist)		4.16%3.86%3.15%1.87%0.95%0.85%1.35%1.60%1.37%1.26%1.34%0.89%

Frequently Asked Questions

SGLO.L and EGOG.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SGLO.L and EGOG.L have the same expense ratio: 0.20% per year.

SGLO.L tracks Bloomberg Global Aggregate TR USD, while EGOG.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and UBS.

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