TSGB.L vs. AEGE.DE
TSGB.L (VanEck Sustainable World Equal Weight UCITS ETF A) and AEGE.DE (iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - TSGB.L is a Global Equities fund tracking the MSCI ACWI NR USD, while AEGE.DE is a Global Bonds fund tracking the Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). Both are passively managed. Over the past 3 years, TSGB.L returned 17.68%/yr vs 2.24%/yr for AEGE.DE. At a 0.17 correlation, their price movements are largely independent. TSGB.L charges 0.20%/yr vs 0.10%/yr for AEGE.DE.
Performance
TSGB.L vs. AEGE.DE - Performance Comparison
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Different Trading Currencies
TSGB.L is traded in GBP, while AEGE.DE is traded in EUR. To make them comparable, the AEGE.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSGB.L achieves a 12.75% return, which is significantly higher than AEGE.DE's -1.00% return.
TSGB.L
- 1D
- 0.08%
- 1M
- 4.90%
- YTD
- 12.75%
- 6M
- 13.89%
- 1Y
- 28.93%
- 3Y*
- 17.68%
- 5Y*
- 12.11%
- 10Y*
- —
AEGE.DE
- 1D
- 0.27%
- 1M
- -0.48%
- YTD
- -1.00%
- 6M
- -1.24%
- 1Y
- 3.71%
- 3Y*
- 2.24%
- 5Y*
- —
- 10Y*
- —
TSGB.L vs. AEGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSGB.L VanEck Sustainable World Equal Weight UCITS ETF A | 12.75% | 19.46% | 12.13% | 14.14% | -7.29% | 4.25% |
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | -1.00% | 7.61% | -2.96% | 2.19% | -9.11% | -3.70% |
Correlation
The correlation between TSGB.L and AEGE.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | 0.17 |
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Return for Risk
TSGB.L vs. AEGE.DE — Risk / Return Rank
TSGB.L
AEGE.DE
TSGB.L vs. AEGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF A (TSGB.L) and iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE). 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.
| TSGB.L | AEGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.12 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 0.96 | +2.38 |
| Martin ratioReturn relative to average drawdown | 12.99 | 2.21 | +10.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSGB.L | AEGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 0.70 | +1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | -0.24 | +1.05 |
Drawdowns
TSGB.L vs. AEGE.DE - Drawdown Comparison
The maximum TSGB.L drawdown since its inception was -26.20%, which is greater than AEGE.DE's maximum drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for TSGB.L and AEGE.DE.
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Drawdown Indicators
| TSGB.L | AEGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -16.22% | -9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -3.91% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.64% | -4.46% | -12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.64% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -7.67% | +7.66% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -10.44% | +7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.69% | +0.57% |
Volatility
TSGB.L vs. AEGE.DE - Volatility Comparison
VanEck Sustainable World Equal Weight UCITS ETF A (TSGB.L) has a higher volatility of 3.24% compared to iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc (AEGE.DE) at 2.02%. This indicates that TSGB.L's price experiences larger fluctuations and is considered to be riskier than AEGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSGB.L | AEGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 2.02% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 4.00% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 5.34% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 6.83% | +6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 6.83% | +8.10% |
TSGB.L vs. AEGE.DE - Expense Ratio Comparison
TSGB.L has a 0.20% expense ratio, which is higher than AEGE.DE'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
TSGB.L vs. AEGE.DE - Dividend Comparison
TSGB.L's dividend yield for the trailing twelve months is around 2.11%, while AEGE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AEGE.DE iShares Global Aggregate Bond ESG UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSGB.L VanEck Sustainable World Equal Weight UCITS ETF A | 2.11% | 2.23% | 2.63% | 2.56% | 2.67% | 1.13% |
Frequently Asked Questions
TSGB.L and AEGE.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AEGE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AEGE.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for TSGB.L.
TSGB.L is categorized as Global Equities, while AEGE.DE is Global Bonds. TSGB.L tracks MSCI ACWI NR USD, while AEGE.DE tracks Bloomberg MSCI Global Aggregate Sustainable and Green Bond SRI (EUR Hedged). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.20% for TSGB.L and 0.10% for AEGE.DE.
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