SUAG.L vs. GOVD.L
SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) and GOVD.L (Lyxor Core Global Government Bond (DR) UCITS ETF - Dist) are both Global Bonds funds - SUAG.L tracks the iShares US Aggregate Bond UCITS ETF USD (Dist) while GOVD.L tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, SUAG.L returned 0.09%/yr vs -3.00%/yr for GOVD.L. Their correlation of 0.85 suggests significant overlap in exposure. SUAG.L charges 0.25%/yr vs 0.09%/yr for GOVD.L.
Performance
SUAG.L vs. GOVD.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SUAG.L achieves a -0.45% return, which is significantly higher than GOVD.L's -2.04% return.
SUAG.L
- 1D
- -0.65%
- 1M
- -0.92%
- 6M
- -0.59%
- YTD
- -0.45%
- 1Y
- 3.47%
- 3Y*
- 2.64%
- 5Y*
- 0.09%
- 10Y*
- 1.02%
GOVD.L
- 1D
- -0.52%
- 1M
- -1.37%
- 6M
- -1.87%
- YTD
- -2.04%
- 1Y
- -0.76%
- 3Y*
- 0.17%
- 5Y*
- -3.00%
- 10Y*
- —
SUAG.L vs. GOVD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | -0.45% | -0.25% | 3.02% | -0.86% | -2.42% | -0.61% | -7.15% |
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 SUAG.L and GOVD.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2020 | 0.85 |
Over the past year, the correlation between SUAG.L and GOVD.L has dropped to 0.64 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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. GOVD.L — Risk / Return Rank
SUAG.L
GOVD.L
SUAG.L vs. GOVD.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 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.
| SUAG.L | GOVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.32 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | -0.03 | +0.74 |
| Martin ratioReturn relative to average drawdown | 1.66 | -0.03 | +1.69 |
Loading charts...
Drawdowns
SUAG.L vs. GOVD.L - Drawdown Comparison
The maximum SUAG.L drawdown since its inception was -18.68%, smaller than the maximum GOVD.L drawdown of -38.07%. Use the drawdown chart below to compare losses from any high point for SUAG.L and GOVD.L.
Loading charts...
Drawdown Indicators
| SUAG.L | GOVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -38.07% | +19.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -27.42% | +22.57% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -27.42% | +18.98% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -27.42% | +12.48% |
Max Drawdown (10Y)Largest decline over 10 years | -18.68% | — | — |
Current DrawdownCurrent decline from peak | -12.07% | -37.04% | +24.97% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -32.00% | +23.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 22.98% | -20.90% |
Volatility
SUAG.L vs. GOVD.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) is 2.10%, while Lyxor Core Global Government Bond (DR) UCITS ETF - Dist (GOVD.L) has a volatility of 41.47%. This indicates that SUAG.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.
Loading charts...
Volatility by Period
| SUAG.L | GOVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 41.47% | -39.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 120.69% | -116.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 149.55% | -143.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 67.46% | -59.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 61.82% | -52.88% |
SUAG.L vs. GOVD.L - Expense Ratio Comparison
SUAG.L has a 0.25% 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
SUAG.L vs. GOVD.L - Dividend Comparison
SUAG.L's dividend yield for the trailing twelve months is around 3.96%, more than GOVD.L's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SUAG.L iShares US Aggregate Bond UCITS ETF USD (Dist) | 3.96% | 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 GOVD.L have a correlation of 0.64, 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 0.25% for SUAG.L.
SUAG.L tracks iShares US Aggregate Bond UCITS ETF USD (Dist), while GOVD.L tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for SUAG.L and 0.09% for GOVD.L.
Find the right allocation for SUAG.L and GOVD.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