SUAG.L vs. IUAG.L
SUAG.L (iShares US Aggregate Bond UCITS ETF USD (Dist)) and IUAG.L (iShares US Aggregate Bond UCITS ETF USD Distributing) are both Total Bond Market funds from iShares - SUAG.L tracks the Bloomberg U.S. Aggregate Bond Index while IUAG.L tracks the Bloomberg US Aggregate Bond Index. Both are passively managed. Over the past 10 years, SUAG.L returned 0.98%/yr vs 0.94%/yr for IUAG.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
SUAG.L vs. IUAG.L - Performance Comparison
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Different Trading Currencies
SUAG.L is traded in GBP, while IUAG.L is traded in USD. To make them comparable, the IUAG.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 IUAG.L's 0.06% return. Both investments have delivered pretty close results over the past 10 years, with SUAG.L having a 0.98% annualized return and IUAG.L not far behind at 0.94%.
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%
IUAG.L
- 1D
- 0.49%
- 1M
- -1.71%
- 6M
- -0.68%
- YTD
- 0.06%
- 1Y
- 3.81%
- 3Y*
- 2.47%
- 5Y*
- 0.10%
- 10Y*
- 0.94%
SUAG.L vs. IUAG.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% | -5.78% |
IUAG.L iShares US Aggregate Bond UCITS ETF USD Distributing | 0.06% | -0.59% | 3.13% | -0.24% | -2.50% | -1.07% | 3.90% | 4.51% | 5.53% | -5.46% |
Correlation
The correlation between SUAG.L and IUAG.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2011 | 0.82 |
The correlation between SUAG.L and IUAG.L has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.
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Return for Risk
SUAG.L vs. IUAG.L — Risk / Return Rank
SUAG.L
IUAG.L
SUAG.L vs. IUAG.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 US Aggregate Bond UCITS ETF USD Distributing (IUAG.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 | IUAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.10 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.71 | +0.06 |
| Martin ratioReturn relative to average drawdown | 1.79 | 1.70 | +0.08 |
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Drawdowns
SUAG.L vs. IUAG.L - Drawdown Comparison
The maximum SUAG.L drawdown since its inception was -18.68%, roughly equal to the maximum IUAG.L drawdown of -17.85%. Use the drawdown chart below to compare losses from any high point for SUAG.L and IUAG.L.
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Drawdown Indicators
| SUAG.L | IUAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -17.85% | -0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -5.33% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -8.77% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -14.94% | -15.62% | +0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -18.68% | -17.85% | -0.83% |
Current DrawdownCurrent decline from peak | -11.76% | -10.63% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -7.77% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.23% | -0.13% |
Volatility
SUAG.L vs. IUAG.L - Volatility Comparison
The current volatility for iShares US Aggregate Bond UCITS ETF USD (Dist) (SUAG.L) is 1.69%, while iShares US Aggregate Bond UCITS ETF USD Distributing (IUAG.L) has a volatility of 2.07%. This indicates that SUAG.L experiences smaller price fluctuations and is considered to be less risky than IUAG.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 | IUAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.07% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 5.33% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 6.77% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 8.85% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 9.22% | -0.28% |
SUAG.L vs. IUAG.L - Expense Ratio Comparison
Both SUAG.L and IUAG.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. IUAG.L - Dividend Comparison
SUAG.L's dividend yield for the trailing twelve months is around 3.94%, more than IUAG.L's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUAG.L iShares US Aggregate Bond UCITS ETF USD Distributing | 3.90% | 3.72% | 3.62% | 3.02% | 2.12% | 1.72% | 2.05% | 2.64% | 2.44% | 2.04% | 1.72% | 1.60% |
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 IUAG.L have a correlation of 0.75, 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 IUAG.L have the same expense ratio: 0.25% per year.
SUAG.L tracks Bloomberg U.S. Aggregate Bond Index, while IUAG.L tracks Bloomberg US Aggregate Bond Index.
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