SGLO.L vs. VAGP.L
SGLO.L (iShares Global Government Bond UCITS ETF USD (Dist)) and VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) are both Global Bonds funds - SGLO.L tracks the Bloomberg Global Aggregate TR USD while VAGP.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 -0.24%/yr for VAGP.L. At a 0.46 correlation, their price movements are largely independent. SGLO.L charges 0.20%/yr vs 0.10%/yr for VAGP.L.
Performance
SGLO.L vs. VAGP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGLO.L achieves a -0.79% return, which is significantly lower than VAGP.L's 0.19% 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%
VAGP.L
- 1D
- 0.29%
- 1M
- 0.35%
- YTD
- 0.19%
- 6M
- 0.36%
- 1Y
- 3.24%
- 3Y*
- 3.74%
- 5Y*
- -0.24%
- 10Y*
- —
SGLO.L vs. VAGP.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% | -2.87% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.19% | 4.96% | 2.51% | 5.84% | -13.81% | -2.03% | 5.31% | 2.30% |
Correlation
The correlation between SGLO.L and VAGP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.46 |
The correlation between SGLO.L and VAGP.L shifts across timeframes, from 0.35 (1 year) to 0.51 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGLO.L vs. VAGP.L — Risk / Return Rank
SGLO.L
VAGP.L
SGLO.L vs. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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 | VAGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.15 | -0.70 |
| Martin ratioReturn relative to average drawdown | 0.90 | 3.41 | -2.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGLO.L | VAGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.97 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.05 | -0.19 |
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 | 0.12 | +0.07 |
Drawdowns
SGLO.L vs. VAGP.L - Drawdown Comparison
The maximum SGLO.L drawdown since its inception was -25.55%, which is greater than VAGP.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for SGLO.L and VAGP.L.
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Drawdown Indicators
| SGLO.L | VAGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -18.13% | -7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -2.80% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -4.04% | -1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -17.70% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -25.55% | — | — |
Current DrawdownCurrent decline from peak | -22.83% | -3.76% | -19.07% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -6.70% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.95% | +1.19% |
Volatility
SGLO.L vs. VAGP.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) is 1.24%, while Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) has a volatility of 1.43%. This indicates that SGLO.L experiences smaller price fluctuations and is considered to be less risky than VAGP.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.L | VAGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.43% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 2.79% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 3.35% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 4.78% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 4.50% | +4.27% |
SGLO.L vs. VAGP.L - Expense Ratio Comparison
SGLO.L has a 0.20% expense ratio, which is higher than VAGP.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. VAGP.L - Dividend Comparison
SGLO.L's dividend yield for the trailing twelve months is around 4.16%, more than VAGP.L's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.55% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGLO.L and VAGP.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGP.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 VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for SGLO.L and 0.10% for VAGP.L.
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