V3AM.L vs. INXG.L
V3AM.L (Vanguard ESG Global All Cap UCITS ETF (USD) Distributing) and INXG.L (iShares £ Index-Linked Gilts UCITS ETF) are both exchange-traded funds - V3AM.L is a Global Equities fund tracking the MSCI ACWI NR USD, while INXG.L is a Government Bonds fund tracking the Bloomberg UK Government Inflation-Linked Bond Index. Both are passively managed. Over the past 5 years, V3AM.L returned 11.49%/yr vs -8.26%/yr for INXG.L. At a 0.05 correlation, their price movements are largely independent. V3AM.L charges 0.24%/yr vs 0.10%/yr for INXG.L.
Performance
V3AM.L vs. INXG.L - Performance Comparison
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Returns By Period
In the year-to-date period, V3AM.L achieves a 12.15% return, which is significantly higher than INXG.L's 0.04% return.
V3AM.L
- 1D
- 0.02%
- 1M
- 6.38%
- YTD
- 12.15%
- 6M
- 12.78%
- 1Y
- 30.64%
- 3Y*
- 17.82%
- 5Y*
- 11.49%
- 10Y*
- —
INXG.L
- 1D
- 0.44%
- 1M
- 1.08%
- YTD
- 0.04%
- 6M
- -0.73%
- 1Y
- 3.31%
- 3Y*
- -0.63%
- 5Y*
- -8.26%
- 10Y*
- -1.18%
V3AM.L vs. INXG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3AM.L Vanguard ESG Global All Cap UCITS ETF (USD) Distributing | 12.15% | 12.40% | 19.59% | 18.06% | -13.39% | 17.05% |
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 0.04% | 1.10% | -8.66% | 0.16% | -34.27% | 8.06% |
Correlation
The correlation between V3AM.L and INXG.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.05 |
The correlation between V3AM.L and INXG.L shifts across timeframes, from 0.05 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
V3AM.L vs. INXG.L — Risk / Return Rank
V3AM.L
INXG.L
V3AM.L vs. INXG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Distributing (V3AM.L) and iShares £ Index-Linked Gilts UCITS ETF (INXG.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.
| V3AM.L | INXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.06 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 0.50 | +3.23 |
| Martin ratioReturn relative to average drawdown | 15.11 | 1.08 | +14.03 |
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
| V3AM.L | INXG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 0.33 | +2.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | -0.41 | +1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | -0.71 | +1.59 |
Drawdowns
V3AM.L vs. INXG.L - Drawdown Comparison
The maximum V3AM.L drawdown since its inception was -19.25%, smaller than the maximum INXG.L drawdown of -99.05%. Use the drawdown chart below to compare losses from any high point for V3AM.L and INXG.L.
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Drawdown Indicators
| V3AM.L | INXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.25% | -99.05% | +79.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -6.62% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -15.04% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -19.25% | -50.87% | +31.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.87% | — |
Current DrawdownCurrent decline from peak | -0.57% | -98.31% | +97.74% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -97.27% | +92.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.06% | -1.04% |
Volatility
V3AM.L vs. INXG.L - Volatility Comparison
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing (V3AM.L) and iShares £ Index-Linked Gilts UCITS ETF (INXG.L) have volatilities of 3.51% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3AM.L | INXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.49% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 7.26% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 9.89% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 20.07% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.59% | 17.47% | -3.88% |
V3AM.L vs. INXG.L - Expense Ratio Comparison
V3AM.L has a 0.24% expense ratio, which is higher than INXG.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
V3AM.L vs. INXG.L - Dividend Comparison
V3AM.L's dividend yield for the trailing twelve months is around 1.09%, less than INXG.L's 7.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INXG.L iShares £ Index-Linked Gilts UCITS ETF | 7.56% | 7.23% | 5.77% | 0.43% | 0.00% | 0.00% | 0.61% | 1.36% | 1.95% | 1.28% | 0.65% | 1.94% |
V3AM.L Vanguard ESG Global All Cap UCITS ETF (USD) Distributing | 1.09% | 1.23% | 1.28% | 1.45% | 1.70% | 0.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
V3AM.L and INXG.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, INXG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
INXG.L is cheaper with a 0.10% expense ratio, compared with 0.24% for V3AM.L.
V3AM.L is categorized as Global Equities, while INXG.L is Government Bonds. V3AM.L tracks MSCI ACWI NR USD, while INXG.L tracks Bloomberg UK Government Inflation-Linked Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3AM.L and 0.10% for INXG.L.
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