VAGP.L vs. AGGG.L
VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) and AGGG.L (iShares Core Global Aggregate Bond UCITS ETF USD (Dist)) are both Global Bonds funds - VAGP.L tracks the Bloomberg Global Aggregate TR Hdg GBP while AGGG.L tracks the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, VAGP.L returned -0.50%/yr vs -1.65%/yr for AGGG.L. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
VAGP.L vs. AGGG.L - Performance Comparison
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Different Trading Currencies
VAGP.L is traded in GBP, while AGGG.L is traded in USD. To make them comparable, the AGGG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VAGP.L achieves a 0.14% return, which is significantly higher than AGGG.L's -2.30% return.
VAGP.L
- 1D
- 0.09%
- 1M
- -0.55%
- 6M
- 0.06%
- YTD
- 0.14%
- 1Y
- 2.96%
- 3Y*
- 3.61%
- 5Y*
- -0.50%
- 10Y*
- —
AGGG.L
- 1D
- 0.40%
- 1M
- -2.11%
- 6M
- -0.79%
- YTD
- -2.30%
- 1Y
- -0.26%
- 3Y*
- 0.97%
- 5Y*
- -1.65%
- 10Y*
- —
VAGP.L vs. AGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.14% | 4.93% | 2.54% | 5.85% | -13.82% | -2.05% | 5.34% | 2.12% |
AGGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | -2.30% | 0.27% | 0.32% | 0.11% | -5.91% | -4.54% | 6.20% | -2.98% |
Correlation
The correlation between VAGP.L and AGGG.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.41 |
The correlation between VAGP.L and AGGG.L shifts across timeframes, from 0.36 (1 year) to 0.47 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VAGP.L vs. AGGG.L — Risk / Return Rank
VAGP.L
AGGG.L
VAGP.L vs. AGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) and iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.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.
| VAGP.L | AGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | -0.04 | +1.11 |
| Martin ratioReturn relative to average drawdown | 2.85 | -0.08 | +2.94 |
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Drawdowns
VAGP.L vs. AGGG.L - Drawdown Comparison
The maximum VAGP.L drawdown since its inception was -18.13%, smaller than the maximum AGGG.L drawdown of -19.18%. Use the drawdown chart below to compare losses from any high point for VAGP.L and AGGG.L.
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Drawdown Indicators
| VAGP.L | AGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.13% | -19.18% | +1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -5.76% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -5.76% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -17.71% | -14.31% | -3.40% |
Current DrawdownCurrent decline from peak | -3.79% | -15.30% | +11.51% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -9.39% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 3.08% | -2.04% |
Volatility
VAGP.L vs. AGGG.L - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) is 0.96%, while iShares Core Global Aggregate Bond UCITS ETF USD (Dist) (AGGG.L) has a volatility of 1.79%. This indicates that VAGP.L experiences smaller price fluctuations and is considered to be less risky than AGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGP.L | AGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.79% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 5.16% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 6.40% | -2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 7.87% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.48% | 8.38% | -3.90% |
VAGP.L vs. AGGG.L - Expense Ratio Comparison
Both VAGP.L and AGGG.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VAGP.L vs. AGGG.L - Dividend Comparison
VAGP.L's dividend yield for the trailing twelve months is around 3.55%, more than AGGG.L's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AGGG.L iShares Core Global Aggregate Bond UCITS ETF USD (Dist) | 1.64% | 2.97% | 2.74% | 2.01% | 1.55% | 1.33% | 1.46% | 1.62% | 0.96% |
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 3.55% | 3.50% | 3.08% | 2.37% | 1.46% | 0.86% | 1.21% | 0.59% | 0.00% |
Frequently Asked Questions
VAGP.L and AGGG.L have a correlation of 0.36, 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 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VAGP.L and AGGG.L have the same expense ratio: 0.10% per year.
VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP, while AGGG.L tracks Bloomberg Global Aggregate Bond Index. They also come from different issuers: Vanguard and iShares.
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