SPHD vs. AGBP.L
SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) and AGBP.L (iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index, while AGBP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, SPHD returned 6.47%/yr vs -0.92%/yr for AGBP.L. At a 0.24 correlation, their price movements are largely independent. SPHD charges 0.30%/yr vs 0.10%/yr for AGBP.L.
Performance
SPHD vs. AGBP.L - Performance Comparison
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Different Trading Currencies
SPHD is traded in USD, while AGBP.L is traded in GBP. To make them comparable, the AGBP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPHD achieves a 9.74% return, which is significantly higher than AGBP.L's 0.30% return.
SPHD
- 1D
- 1.10%
- 1M
- 4.61%
- YTD
- 9.74%
- 6M
- 9.46%
- 1Y
- 13.98%
- 3Y*
- 12.34%
- 5Y*
- 6.47%
- 10Y*
- 7.65%
AGBP.L
- 1D
- 0.27%
- 1M
- 0.59%
- YTD
- 0.30%
- 6M
- 1.63%
- 1Y
- 2.13%
- 3Y*
- 6.24%
- 5Y*
- -0.92%
- 10Y*
- —
SPHD vs. AGBP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 9.74% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 20.26% | -6.17% | 1.98% |
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 0.30% | 12.34% | 1.40% | 11.29% | -21.71% | -2.68% | 7.31% | 10.71% | -5.69% | 2.01% |
Correlation
The correlation between SPHD and AGBP.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2017 | 0.24 |
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Return for Risk
SPHD vs. AGBP.L — Risk / Return Rank
SPHD
AGBP.L
SPHD vs. AGBP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.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.
| SPHD | AGBP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.04 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.29 | +1.48 |
| Martin ratioReturn relative to average drawdown | 4.36 | 0.65 | +3.71 |
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Drawdowns
SPHD vs. AGBP.L - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, which is greater than AGBP.L's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for SPHD and AGBP.L.
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Drawdown Indicators
| SPHD | AGBP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.39% | -34.66% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -5.30% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -13.29% | -11.01% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -34.40% | +14.90% |
Max Drawdown (10Y)Largest decline over 10 years | -41.39% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -4.95% | +4.43% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -10.25% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.34% | +0.62% |
Volatility
SPHD vs. AGBP.L - Volatility Comparison
Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) has a higher volatility of 3.67% compared to iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) (AGBP.L) at 2.54%. This indicates that SPHD's price experiences larger fluctuations and is considered to be riskier than AGBP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHD | AGBP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.54% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 6.09% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 8.29% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 10.72% | +3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 10.34% | +7.31% |
SPHD vs. AGBP.L - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is higher than AGBP.L's 0.10% expense ratio.
Dividends
SPHD vs. AGBP.L - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 4.40%, more than AGBP.L's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGBP.L iShares Core Global Aggregate Bond UCITS ETF GBP Hedged (Dist) | 3.11% | 3.00% | 2.59% | 1.96% | 1.56% | 1.27% | 1.53% | 1.65% | 0.98% | 0.00% | 0.00% | 0.00% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.40% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
SPHD and AGBP.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGBP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGBP.L is cheaper with a 0.10% expense ratio, compared with 0.30% for SPHD.
SPHD is categorized as Dividend, while AGBP.L is Global Bonds. SPHD tracks S&P 500 Low Volatility High Dividend Index, while AGBP.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for SPHD and 0.10% for AGBP.L.
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