SUAG.L vs. GLAB.L
SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) and GLAB.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged) are both exchange-traded funds - SUAG.L is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while GLAB.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, SUAG.L returned 0.16%/yr vs -0.00%/yr for GLAB.L. At a 0.36 correlation, their price movements are largely independent. SUAG.L charges 0.25%/yr vs 0.10%/yr for GLAB.L.
Performance
SUAG.L vs. GLAB.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUAG.L achieves a -0.10% return, which is significantly lower than GLAB.L's 0.52% 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%
GLAB.L
- 1D
- 0.11%
- 1M
- -0.38%
- 6M
- 0.38%
- YTD
- 0.52%
- 1Y
- 3.03%
- 3Y*
- 3.78%
- 5Y*
- -0.00%
- 10Y*
- —
SUAG.L vs. GLAB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 12.11% |
GLAB.L SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 0.52% | 4.69% | 3.04% | 5.75% | -12.07% | -1.73% | 4.47% | 6.44% | 0.98% |
Correlation
The correlation between SUAG.L and GLAB.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2018 | 0.36 |
The correlation between SUAG.L and GLAB.L shifts across timeframes, from 0.16 (1 year) to 0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SUAG.L vs. GLAB.L — Risk / Return Rank
SUAG.L
GLAB.L
SUAG.L vs. GLAB.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 SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.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 | GLAB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.32 | -0.54 |
| Martin ratioReturn relative to average drawdown | 1.79 | 3.62 | -1.83 |
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Drawdowns
SUAG.L vs. GLAB.L - Drawdown Comparison
The maximum SUAG.L drawdown since its inception was -18.68%, which is greater than GLAB.L's maximum drawdown of -15.67%. Use the drawdown chart below to compare losses from any high point for SUAG.L and GLAB.L.
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Drawdown Indicators
| SUAG.L | GLAB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -15.67% | -3.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -2.29% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -3.52% | -4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -15.44% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -18.68% | — | — |
Current DrawdownCurrent decline from peak | -11.76% | -1.01% | -10.75% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -4.42% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.84% | +1.26% |
Volatility
SUAG.L vs. GLAB.L - Volatility Comparison
iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) has a higher volatility of 1.69% compared to SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged (GLAB.L) at 0.86%. This indicates that SUAG.L's price experiences larger fluctuations and is considered to be riskier than GLAB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUAG.L | GLAB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 0.86% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 2.57% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 3.11% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 4.48% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 3.88% | +5.06% |
SUAG.L vs. GLAB.L - Expense Ratio Comparison
SUAG.L has a 0.25% expense ratio, which is higher than GLAB.L's 0.10% 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
SUAG.L vs. GLAB.L - Dividend Comparison
SUAG.L's dividend yield for the trailing twelve months is around 3.94%, more than GLAB.L's 3.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAB.L SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged | 3.09% | 3.06% | 2.70% | 1.91% | 1.48% | 1.18% | 1.51% | 1.70% | 0.88% | 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 GLAB.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLAB.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLAB.L is cheaper with a 0.10% expense ratio, compared with 0.25% for SUAG.L.
SUAG.L is categorized as Total Bond Market, while GLAB.L is Global Bonds. SUAG.L tracks Bloomberg U.S. Aggregate Bond Index, while GLAB.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for SUAG.L and 0.10% for GLAB.L.
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