SUAG.L vs. FXGB.L
SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) and FXGB.L (First Trust FactorFX UCITS ETF Class B GBP Hedged (Acc)) are both exchange-traded funds - SUAG.L is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while FXGB.L is a Currency fund tracking the Bloomberg G10 Carry Index. Both are passively managed. Over the past 5 years, SUAG.L returned 0.16%/yr vs 5.13%/yr for FXGB.L. At a correlation of -0.14, they often move in opposite directions. SUAG.L charges 0.25%/yr vs 0.75%/yr for FXGB.L.
Performance
SUAG.L vs. FXGB.L - Performance Comparison
Loading charts...
Different Trading Currencies
SUAG.L is traded in GBP, while FXGB.L is traded in GBp. To make them comparable, the FXGB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SUAG.L achieves a -0.10% return, which is significantly lower than FXGB.L's 6.71% return.
SUAG.L
- 1D
- 0.47%
- 1M
- -0.89%
- 6M
- -0.48%
- YTD
- -0.10%
- 1Y
- 3.77%
- 3Y*
- 2.58%
- 5Y*
- 0.16%
- 10Y*
- 0.98%
FXGB.L
- 1D
- 0.47%
- 1M
- 1.70%
- 6M
- 5.78%
- YTD
- 6.71%
- 1Y
- 11.40%
- 3Y*
- 6.44%
- 5Y*
- 5.13%
- 10Y*
- —
SUAG.L vs. FXGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | -0.10% | -0.25% | 3.02% | -0.86% | -2.42% | -0.61% | 3.42% | 5.33% | 5.32% | -2.18% |
FXGB.L First Trust FactorFX UCITS ETF Class B GBP Hedged (Acc) | 6.71% | 7.73% | 5.81% | 10.67% | -1.83% | -2.87% | -1.20% | 2.63% | -1.11% | 0.76% |
Correlation
The correlation between SUAG.L and FXGB.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2017 | -0.14 |
The correlation between SUAG.L and FXGB.L shifts across timeframes, from -0.14 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SUAG.L vs. FXGB.L — Risk / Return Rank
SUAG.L
FXGB.L
SUAG.L vs. FXGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) and First Trust FactorFX UCITS ETF Class B GBP Hedged (Acc) (FXGB.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.
| SUAG.L | FXGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.62 | -1.85 |
| Martin ratioReturn relative to average drawdown | 1.79 | 7.33 | -5.54 |
Loading charts...
Drawdowns
SUAG.L vs. FXGB.L - Drawdown Comparison
The maximum SUAG.L drawdown since its inception was -18.68%, which is greater than FXGB.L's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for SUAG.L and FXGB.L.
Loading charts...
Drawdown Indicators
| SUAG.L | FXGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -9.43% | -9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -4.33% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -6.86% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -7.66% | -7.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.68% | — | — |
Current DrawdownCurrent decline from peak | -11.76% | 0.00% | -11.76% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -2.72% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.55% | +0.55% |
Volatility
SUAG.L vs. FXGB.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) is 1.69%, while First Trust FactorFX UCITS ETF Class B GBP Hedged (Acc) (FXGB.L) has a volatility of 2.67%. This indicates that SUAG.L experiences smaller price fluctuations and is considered to be less risky than FXGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SUAG.L | FXGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.67% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 8.42% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 11.10% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 7.87% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 6.75% | +2.19% |
SUAG.L vs. FXGB.L - Expense Ratio Comparison
SUAG.L has a 0.25% expense ratio, which is lower than FXGB.L's 0.75% expense ratio.
Dividends
SUAG.L vs. FXGB.L - Dividend Comparison
SUAG.L's dividend yield for the trailing twelve months is around 3.94%, while FXGB.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXGB.L First Trust FactorFX UCITS ETF Class B GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | 3.94% | 3.78% | 3.57% | 3.10% | 2.13% | 1.69% | 2.22% | 2.72% | 2.38% | 2.11% | 1.57% | 1.56% |
Frequently Asked Questions
SUAG.L and FXGB.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUAG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUAG.L is cheaper with a 0.25% expense ratio, compared with 0.75% for FXGB.L.
SUAG.L is categorized as Total Bond Market, while FXGB.L is Currency. SUAG.L tracks Bloomberg U.S. Aggregate Bond Index, while FXGB.L tracks Bloomberg G10 Carry Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.25% for SUAG.L and 0.75% for FXGB.L.
Find the right allocation for SUAG.L and FXGB.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer