SGSU.L vs. GAGG.L
SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) and GAGG.L (Amundi Index Barclays Global Agg 500M) are both Global Bonds funds - SGSU.L tracks the iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) while GAGG.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, SGSU.L returned 2.57%/yr vs -1.47%/yr for GAGG.L. At a 0.11 correlation, their price movements are largely independent. SGSU.L charges 0.17%/yr vs 0.03%/yr for GAGG.L.
Performance
SGSU.L vs. GAGG.L - Performance Comparison
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Different Trading Currencies
SGSU.L is traded in GBP, while GAGG.L is traded in GBp. To make them comparable, the GAGG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGSU.L achieves a 1.67% return, which is significantly higher than GAGG.L's -1.00% return.
SGSU.L
- 1D
- 0.20%
- 1M
- 0.41%
- 6M
- 1.46%
- YTD
- 1.67%
- 1Y
- 3.86%
- 3Y*
- 4.96%
- 5Y*
- 2.57%
- 10Y*
- —
GAGG.L
- 1D
- -0.64%
- 1M
- -1.27%
- 6M
- -0.88%
- YTD
- -1.00%
- 1Y
- 0.92%
- 3Y*
- 1.62%
- 5Y*
- -1.47%
- 10Y*
- —
SGSU.L vs. GAGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 1.67% | 5.12% | 5.16% | 4.29% | -2.66% | -0.43% | 2.44% | 0.80% |
GAGG.L Amundi Index Barclays Global Agg 500M | -1.00% | 0.42% | 0.19% | -0.73% | -5.96% | -3.91% | 5.63% | -2.79% |
Correlation
The correlation between SGSU.L and GAGG.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.11 |
The correlation between SGSU.L and GAGG.L shifts across timeframes, from 0.01 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGSU.L vs. GAGG.L — Risk / Return Rank
SGSU.L
GAGG.L
SGSU.L vs. GAGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) and Amundi Index Barclays Global Agg 500M (GAGG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SGSU.L | GAGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.04 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 9.24 | 0.25 | +8.99 |
| Martin ratioReturn relative to average drawdown | 28.95 | 0.49 | +28.46 |
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Drawdowns
SGSU.L vs. GAGG.L - Drawdown Comparison
The maximum SGSU.L drawdown since its inception was -8.45%, smaller than the maximum GAGG.L drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for SGSU.L and GAGG.L.
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Drawdown Indicators
| SGSU.L | GAGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.45% | -21.52% | +13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -3.67% | +3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.62% | -4.94% | +4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -4.83% | -14.17% | +9.34% |
Current DrawdownCurrent decline from peak | -0.01% | -16.82% | +16.81% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -13.52% | +12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 1.88% | -1.75% |
Volatility
SGSU.L vs. GAGG.L - Volatility Comparison
The current volatility for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) (SGSU.L) is 0.48%, while Amundi Index Barclays Global Agg 500M (GAGG.L) has a volatility of 1.49%. This indicates that SGSU.L experiences smaller price fluctuations and is considered to be less risky than GAGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGSU.L | GAGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 1.49% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 3.34% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.72% | 4.48% | -2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 6.55% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 7.97% | -4.95% |
SGSU.L vs. GAGG.L - Expense Ratio Comparison
SGSU.L has a 0.17% expense ratio, which is higher than GAGG.L's 0.03% 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
SGSU.L vs. GAGG.L - Dividend Comparison
SGSU.L's dividend yield for the trailing twelve months is around 4.46%, while GAGG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GAGG.L Amundi Index Barclays Global Agg 500M | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGSU.L iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) | 4.46% | 4.60% | 4.62% | 3.98% | 1.67% | 0.79% | 3.43% |
Frequently Asked Questions
SGSU.L and GAGG.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GAGG.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GAGG.L is cheaper with a 0.03% expense ratio, compared with 0.17% for SGSU.L.
SGSU.L tracks iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist), while GAGG.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.17% for SGSU.L and 0.03% for GAGG.L.
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