SGLO.L vs. GLAD.L
SGLO.L (iShares Global Government Bond UCITS ETF USD (Dist)) and GLAD.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc)) are both Global Bonds funds - SGLO.L tracks the Bloomberg Global Aggregate TR USD while GLAD.L tracks the Bloomberg Global Aggregate TR Hdg USD. Both are passively managed. Over the past 5 years, SGLO.L returned -1.81%/yr vs 1.74%/yr for GLAD.L. A 0.73 correlation means they provide meaningful diversification when combined. SGLO.L charges 0.20%/yr vs 0.10%/yr for GLAD.L.
Performance
SGLO.L vs. GLAD.L - Performance Comparison
Loading charts...
Different Trading Currencies
SGLO.L is traded in GBP, while GLAD.L is traded in USD. To make them comparable, the GLAD.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 GLAD.L's 0.95% 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%
GLAD.L
- 1D
- 0.15%
- 1M
- 1.06%
- YTD
- 0.95%
- 6M
- 0.02%
- 1Y
- 4.48%
- 3Y*
- 1.54%
- 5Y*
- 1.74%
- 10Y*
- —
SGLO.L vs. GLAD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist) | -0.79% | 0.31% | -1.33% | -1.35% | -7.72% | -5.44% | 5.97% | -4.17% |
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 0.95% | -2.74% | 5.03% | 1.40% | -0.92% | -0.43% | 2.12% | -4.71% |
Correlation
The correlation between SGLO.L and GLAD.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2019 | 0.73 |
The correlation between SGLO.L and GLAD.L shifts across timeframes, from 0.59 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGLO.L vs. GLAD.L — Risk / Return Rank
SGLO.L
GLAD.L
SGLO.L vs. GLAD.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.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.L | GLAD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.77 | -0.32 |
| Martin ratioReturn relative to average drawdown | 0.90 | 1.89 | -0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SGLO.L | GLAD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.69 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.20 | -0.45 |
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 | 0.01 | +0.18 |
Drawdowns
SGLO.L vs. GLAD.L - Drawdown Comparison
The maximum SGLO.L drawdown since its inception was -25.55%, which is greater than GLAD.L's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for SGLO.L and GLAD.L.
Loading charts...
Drawdown Indicators
| SGLO.L | GLAD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -16.50% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -5.81% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -8.90% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -15.63% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -25.55% | — | — |
Current DrawdownCurrent decline from peak | -22.83% | -7.81% | -15.02% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -9.44% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.37% | -0.23% |
Volatility
SGLO.L vs. GLAD.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) is 1.24%, while SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) has a volatility of 1.77%. This indicates that SGLO.L experiences smaller price fluctuations and is considered to be less risky than GLAD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGLO.L | GLAD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.77% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 5.10% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 6.43% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 8.58% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 8.84% | -0.07% |
SGLO.L vs. GLAD.L - Expense Ratio Comparison
SGLO.L has a 0.20% expense ratio, which is higher than GLAD.L's 0.10% 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
SGLO.L vs. GLAD.L - Dividend Comparison
SGLO.L's dividend yield for the trailing twelve months is around 4.16%, while GLAD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAD.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 GLAD.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLAD.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLAD.L is cheaper with a 0.10% expense ratio, compared with 0.20% for SGLO.L.
SGLO.L tracks Bloomberg Global Aggregate TR USD, while GLAD.L tracks Bloomberg Global Aggregate TR Hdg USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SGLO.L and 0.10% for GLAD.L.
Find the right allocation for SGLO.L and GLAD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer