SUAG.L vs. IGLH.L
SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) and IGLH.L (iShares Global Government Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - SUAG.L is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while IGLH.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 -1.71%/yr for IGLH.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
SUAG.L vs. IGLH.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 IGLH.L's 0.91% 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%
IGLH.L
- 1D
- 0.22%
- 1M
- -0.62%
- 6M
- -0.41%
- YTD
- 0.91%
- 1Y
- 0.25%
- 3Y*
- 1.62%
- 5Y*
- -1.71%
- 10Y*
- —
SUAG.L vs. IGLH.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% | 11.42% |
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 0.91% | 0.70% | 0.62% | 4.79% | -13.58% | -2.41% | 5.04% | 5.45% | 1.12% |
Correlation
The correlation between SUAG.L and IGLH.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.35 |
Over the past year, the correlation between SUAG.L and IGLH.L has dropped to 0.12 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.
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Return for Risk
SUAG.L vs. IGLH.L — Risk / Return Rank
SUAG.L
IGLH.L
SUAG.L vs. IGLH.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 iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.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 | IGLH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.06 | +0.71 |
| Martin ratioReturn relative to average drawdown | 1.79 | 0.14 | +1.64 |
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Drawdowns
SUAG.L vs. IGLH.L - Drawdown Comparison
The maximum SUAG.L drawdown since its inception was -18.68%, roughly equal to the maximum IGLH.L drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for SUAG.L and IGLH.L.
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Drawdown Indicators
| SUAG.L | IGLH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -18.42% | -0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -3.85% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -4.15% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -16.83% | +1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -18.68% | — | — |
Current DrawdownCurrent decline from peak | -11.76% | -10.70% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -7.44% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.72% | +0.38% |
Volatility
SUAG.L vs. IGLH.L - Volatility Comparison
iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) has a higher volatility of 1.69% compared to iShares Global Government Bond UCITS ETF GBP Hedged (Dist) (IGLH.L) at 1.19%. This indicates that SUAG.L's price experiences larger fluctuations and is considered to be riskier than IGLH.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 | IGLH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.19% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 3.31% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 5.72% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 5.67% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 4.93% | +4.01% |
SUAG.L vs. IGLH.L - Expense Ratio Comparison
Both SUAG.L and IGLH.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SUAG.L vs. IGLH.L - Dividend Comparison
SUAG.L's dividend yield for the trailing twelve months is around 3.94%, more than IGLH.L's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLH.L iShares Global Government Bond UCITS ETF GBP Hedged (Dist) | 1.59% | 2.91% | 2.33% | 1.40% | 0.73% | 0.55% | 0.97% | 1.19% | 0.32% | 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 IGLH.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SUAG.L and IGLH.L have the same expense ratio: 0.25% per year.
SUAG.L is categorized as Total Bond Market, while IGLH.L is Global Bonds. SUAG.L tracks Bloomberg U.S. Aggregate Bond Index, while IGLH.L tracks Bloomberg Global Aggregate TR Hdg GBP.
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