SGLO.L vs. XG7S.L
SGLO.L (iShares Global Government Bond UCITS ETF USD (Dist)) and XG7S.L (Xtrackers Global Government Bond UCITS ETF 5C) are both Global Bonds funds tracking the Bloomberg Global Aggregate TR USD, from iShares and Xtrackers respectively. Both are passively managed. Over the past 10 years, SGLO.L returned 0.35%/yr vs 0.03%/yr for XG7S.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SGLO.L vs. XG7S.L - Performance Comparison
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Different Trading Currencies
SGLO.L is traded in GBP, while XG7S.L is traded in GBp. To make them comparable, the XG7S.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 higher than XG7S.L's -0.90% return. Over the past 10 years, SGLO.L has outperformed XG7S.L with an annualized return of 0.35%, while XG7S.L has yielded a comparatively lower 0.03% annualized 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%
XG7S.L
- 1D
- 0.15%
- 1M
- 0.81%
- YTD
- -0.90%
- 6M
- -1.39%
- 1Y
- 1.33%
- 3Y*
- -0.62%
- 5Y*
- -2.31%
- 10Y*
- 0.03%
SGLO.L vs. XG7S.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) | -0.79% | 0.31% | -1.33% | -1.35% | -7.72% | -5.44% | 5.97% | 2.82% | 5.56% | -3.12% |
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C | -0.90% | -0.22% | -1.85% | -0.74% | -8.86% | -6.63% | 6.73% | 1.94% | 4.76% | -1.81% |
Correlation
The correlation between SGLO.L and XG7S.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2015 | 0.53 |
Over the past year, SGLO.L and XG7S.L have become more correlated (0.80) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
SGLO.L vs. XG7S.L — Risk / Return Rank
SGLO.L
XG7S.L
SGLO.L vs. XG7S.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 Xtrackers Global Government Bond UCITS ETF 5C (XG7S.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 | XG7S.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.10 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.90 | 0.13 | +0.77 |
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 | XG7S.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.07 | +0.30 |
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 | 0.00 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.15 | +0.03 |
Drawdowns
SGLO.L vs. XG7S.L - Drawdown Comparison
The maximum SGLO.L drawdown since its inception was -25.55%, roughly equal to the maximum XG7S.L drawdown of -25.59%. Use the drawdown chart below to compare losses from any high point for SGLO.L and XG7S.L.
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Drawdown Indicators
| SGLO.L | XG7S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.55% | -25.59% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.26% | -15.40% | +11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -15.40% | +9.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -16.70% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -25.55% | -25.59% | +0.04% |
Current DrawdownCurrent decline from peak | -22.83% | -23.76% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -15.52% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 10.76% | -8.62% |
Volatility
SGLO.L vs. XG7S.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS ETF USD (Dist) (SGLO.L) is 1.24%, while Xtrackers Global Government Bond UCITS ETF 5C (XG7S.L) has a volatility of 1.44%. This indicates that SGLO.L experiences smaller price fluctuations and is considered to be less risky than XG7S.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 | XG7S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.44% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 3.54% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 20.76% | -15.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 14.16% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.77% | 14.59% | -5.82% |
SGLO.L vs. XG7S.L - Expense Ratio Comparison
Both SGLO.L and XG7S.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. XG7S.L - Dividend Comparison
SGLO.L's dividend yield for the trailing twelve months is around 4.16%, while XG7S.L has not paid dividends to shareholders.
| 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% |
XG7S.L Xtrackers Global Government Bond UCITS ETF 5C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGLO.L and XG7S.L have a correlation of 0.80, 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 XG7S.L have the same expense ratio: 0.20% per year.
Both ETFs track Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Xtrackers.
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