VAGP.L vs. VAGS.L
VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) and VAGS.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating) are both Global Bonds funds from Vanguard tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, VAGP.L returned -0.24%/yr vs -0.25%/yr for VAGS.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VAGP.L vs. VAGS.L - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VAGP.L at 0.19% and VAGS.L at 0.19%.
VAGP.L
- 1D
- 0.29%
- 1M
- 0.10%
- YTD
- 0.19%
- 6M
- 0.65%
- 1Y
- 3.30%
- 3Y*
- 3.74%
- 5Y*
- -0.24%
- 10Y*
- —
VAGS.L
- 1D
- 0.14%
- 1M
- 0.08%
- YTD
- 0.19%
- 6M
- 0.50%
- 1Y
- 3.31%
- 3Y*
- 3.76%
- 5Y*
- -0.25%
- 10Y*
- —
VAGP.L vs. VAGS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.19% | 4.96% | 2.51% | 5.84% | -13.81% | -2.03% | 5.31% | 2.30% |
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating | 0.19% | 4.96% | 2.39% | 5.94% | -13.72% | -2.14% | 5.52% | 2.06% |
Correlation
The correlation between VAGP.L and VAGS.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.92 |
The correlation between VAGP.L and VAGS.L has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
VAGP.L vs. VAGS.L — Risk / Return Rank
VAGP.L
VAGS.L
VAGP.L vs. VAGS.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.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.
| VAGP.L | VAGS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.15 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.17 | -0.01 |
| Martin ratioReturn relative to average drawdown | 3.41 | 3.41 | 0.00 |
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
| VAGP.L | VAGS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 0.89 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.05 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.12 | 0.00 |
Drawdowns
VAGP.L vs. VAGS.L - Drawdown Comparison
The maximum VAGP.L drawdown since its inception was -18.13%, roughly equal to the maximum VAGS.L drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for VAGP.L and VAGS.L.
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Drawdown Indicators
| VAGP.L | VAGS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.13% | -17.99% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.67% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -4.04% | -3.93% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.70% | -17.60% | -0.10% |
Current DrawdownCurrent decline from peak | -3.76% | -3.70% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -6.70% | -6.65% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.91% | +0.04% |
Volatility
VAGP.L vs. VAGS.L - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) and Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.L) have volatilities of 1.43% and 1.44%, 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
| VAGP.L | VAGS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 1.44% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.76% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 3.51% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.78% | 4.86% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 4.57% | -0.07% |
VAGP.L vs. VAGS.L - Expense Ratio Comparison
Both VAGP.L and VAGS.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. VAGS.L - Dividend Comparison
VAGP.L's dividend yield for the trailing twelve months is around 3.55%, while VAGS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VAGP.L and VAGS.L have a correlation of 0.85, 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 VAGS.L have the same expense ratio: 0.10% per year.
Both ETFs track Bloomberg Global Aggregate TR Hdg GBP.
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