SGLO.L vs. VUSA.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) and Vanguard S&P 500 UCITS ETF (VUSA.L).

SGLO.L and VUSA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGLO.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Mar 6, 2009. VUSA.L is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on May 14, 2019. Both SGLO.L and VUSA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SGLO.L vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist)	0.76%	0.31%	-1.33%	-1.35%	-7.72%	-5.44%	5.97%	2.82%	5.56%	-3.12%
VUSA.L Vanguard S&P 500 UCITS ETF	-3.13%	9.39%	27.33%	19.81%	-9.02%	30.98%	13.66%	26.54%	-0.12%	10.71%

Returns By Period

In the year-to-date period, SGLO.L achieves a 0.76% return, which is significantly higher than VUSA.L's -3.13% return. Over the past 10 years, SGLO.L has underperformed VUSA.L with an annualized return of 0.48%, while VUSA.L has yielded a comparatively higher 14.61% annualized return.

SGLO.L

• 1D: 0.12%
• 1M: -1.25%
• YTD: 0.76%
• 6M: 0.73%
• 1Y: 0.61%
• 3Y*: -0.68%
• 5Y*: -1.69%
• 10Y*: 0.48%

VUSA.L

• 1D: 1.52%
• 1M: -3.31%
• YTD: -3.13%
• 6M: 0.16%
• 1Y: 14.71%
• 3Y*: 15.77%
• 5Y*: 12.63%
• 10Y*: 14.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

SGLO.L has a 0.20% expense ratio, which is higher than VUSA.L's 0.07% 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%.

SGLO.L

iShares Global Government Bond UCITS ETF USD (Dist)

VUSA.L

Vanguard S&P 500 UCITS ETF

Return for Risk

SGLO.L vs. VUSA.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: 13
SGLO.L Sharpe Ratio Rank: 15
SGLO.L Sortino Ratio Rank: 13
SGLO.L Omega Ratio Rank: 12
SGLO.L Calmar Ratio Rank: 14
SGLO.L Martin Ratio Rank: 13

VUSA.L

VUSA.L Risk / Return Rank: 59
VUSA.L Sharpe Ratio Rank: 51
VUSA.L Sortino Ratio Rank: 50
VUSA.L Omega Ratio Rank: 51
VUSA.L Calmar Ratio Rank: 75
VUSA.L Martin Ratio Rank: 67

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. VUSA.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 S&P 500 UCITS ETF (VUSA.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	VUSA.L	Difference
Sharpe ratio Return per unit of total volatility	0.13	0.96	-0.83
Sortino ratio Return per unit of downside risk	0.24	1.40	-1.15
Omega ratio Gain probability vs. loss probability	1.03	1.20	-0.18
Calmar ratio Return relative to maximum drawdown	0.12	2.06	-1.94
Martin ratio Return relative to average drawdown	0.21	7.07	-6.86
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. VUSA.L - Sharpe Ratio Comparison

The current SGLO.L Sharpe Ratio is 0.13, which is lower than the VUSA.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of SGLO.L and VUSA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SGLO.L	VUSA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	0.96	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	0.88	-1.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	0.93	-0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.00	-0.80

Correlation

The correlation between SGLO.L and VUSA.L is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SGLO.L vs. VUSA.L - Dividend Comparison

SGLO.L's dividend yield for the trailing twelve months is around 4.10%, more than VUSA.L's 0.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGLO.L iShares Global Government Bond UCITS ETF USD (Dist)	4.10%	3.86%	3.15%	1.87%	0.95%	0.85%	1.35%	1.60%	1.37%	1.26%	1.34%	0.89%
VUSA.L Vanguard S&P 500 UCITS ETF	0.99%	0.95%	1.00%	1.24%	1.41%	1.04%	1.44%	1.50%	1.72%	1.61%	1.58%	1.73%

Drawdowns

SGLO.L vs. VUSA.L - Drawdown Comparison

The maximum SGLO.L drawdown since its inception was -25.55%, roughly equal to the maximum VUSA.L drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for SGLO.L and VUSA.L.

Drawdown Indicators

	SGLO.L	VUSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-25.47%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.13%	-10.49%	+5.36%
Max Drawdown (5Y) Largest decline over 5 years	-16.48%	-20.94%	+4.46%
Max Drawdown (10Y) Largest decline over 10 years	-25.55%	-25.47%	-0.08%
Current Drawdown Current decline from peak	-21.62%	-4.76%	-16.86%
Average Drawdown Average peak-to-trough decline	-9.96%	-3.22%	-6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.07%	+0.89%

Volatility

SGLO.L vs. VUSA.L - Volatility Comparison

The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) is 1.61%, while Vanguard S&P 500 UCITS ETF (VUSA.L) has a volatility of 3.74%. This indicates that SGLO.L experiences smaller price fluctuations and is considered to be less risky than VUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGLO.L	VUSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	3.74%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	3.93%	8.25%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	5.73%	15.31%	-9.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.51%	14.37%	-6.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.85%	15.67%	-6.82%