SGSU.L vs. GOVD.L
SGSU.L (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist)) and GOVD.L (Lyxor Core Global Government Bond (DR) UCITS ETF - Dist) are both Global Bonds funds - SGSU.L tracks the iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF GBP Hedged (Dist) while GOVD.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, SGSU.L returned 2.57%/yr vs -3.00%/yr for GOVD.L. At a 0.18 correlation, their price movements are largely independent. SGSU.L charges 0.17%/yr vs 0.09%/yr for GOVD.L.
Performance
SGSU.L vs. GOVD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGSU.L achieves a 1.67% return, which is significantly higher than GOVD.L's -2.04% 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*
- —
GOVD.L
- 1D
- -0.52%
- 1M
- -1.37%
- 6M
- -1.87%
- YTD
- -2.04%
- 1Y
- -0.76%
- 3Y*
- 0.17%
- 5Y*
- -3.00%
- 10Y*
- —
SGSU.L vs. GOVD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 0.57% |
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | -2.04% | -0.20% | -1.78% | -1.14% | -8.48% | -5.98% | -22.93% |
Correlation
The correlation between SGSU.L and GOVD.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 | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020 | 0.18 |
The correlation between SGSU.L and GOVD.L shifts across timeframes, from -0.01 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SGSU.L vs. GOVD.L — Risk / Return Rank
SGSU.L
GOVD.L
SGSU.L vs. GOVD.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 Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.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 | GOVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.32 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 9.24 | -0.03 | +9.27 |
| Martin ratioReturn relative to average drawdown | 28.95 | -0.03 | +28.98 |
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Drawdowns
SGSU.L vs. GOVD.L - Drawdown Comparison
The maximum SGSU.L drawdown since its inception was -8.45%, smaller than the maximum GOVD.L drawdown of -38.07%. Use the drawdown chart below to compare losses from any high point for SGSU.L and GOVD.L.
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Drawdown Indicators
| SGSU.L | GOVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.45% | -38.07% | +29.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -27.42% | +27.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.62% | -27.42% | +26.80% |
Max Drawdown (5Y)Largest decline over 5 years | -4.83% | -27.42% | +22.59% |
Current DrawdownCurrent decline from peak | -0.01% | -37.04% | +37.03% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -32.00% | +31.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | 22.98% | -22.85% |
Volatility
SGSU.L vs. GOVD.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 Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) has a volatility of 41.47%. This indicates that SGSU.L experiences smaller price fluctuations and is considered to be less risky than GOVD.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 | GOVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 41.47% | -40.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 120.69% | -119.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.72% | 149.55% | -147.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.14% | 67.46% | -65.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 61.82% | -58.80% |
SGSU.L vs. GOVD.L - Expense Ratio Comparison
SGSU.L has a 0.17% expense ratio, which is higher than GOVD.L's 0.09% 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. GOVD.L - Dividend Comparison
SGSU.L's dividend yield for the trailing twelve months is around 4.46%, more than GOVD.L's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GOVD.L Lyxor Core Global Government Bond (DR) UCITS ETF - Dist | 2.74% | 2.68% | 2.45% | 1.64% | 1.28% | 1.23% | 0.48% |
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 GOVD.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, GOVD.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOVD.L is cheaper with a 0.09% 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 GOVD.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 0.09% for GOVD.L.
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