VAGP.L vs. VGOV.L
Compare and contrast key facts about Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) and Vanguard UK Gilt UCITS ETF Distributing (VGOV.L).
VAGP.L and VGOV.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VAGP.L is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate TR Hdg GBP. It was launched on Jun 18, 2019. VGOV.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Act UK Cnvt Gilts All Stocks TR GBP. It was launched on May 22, 2012. Both VAGP.L and VGOV.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VAGP.L or VGOV.L.
Key characteristics
| VAGP.L | VGOV.L | |
|---|---|---|
| YTD Return | -0.02% | -3.35% |
| 1Y Return | 4.75% | 3.97% |
| 3Y Return (Ann) | -4.33% | -10.21% |
| 5Y Return (Ann) | -2.30% | -5.63% |
| Sharpe Ratio | 1.07 | 0.44 |
| Sortino Ratio | 1.58 | 0.69 |
| Omega Ratio | 1.19 | 1.08 |
| Calmar Ratio | 0.28 | 0.11 |
| Martin Ratio | 2.90 | 1.01 |
| Ulcer Index | 1.74% | 3.66% |
| Daily Std Dev | 4.70% | 8.35% |
| Max Drawdown | -20.46% | -39.28% |
| Current Drawdown | -14.86% | -32.38% |
Correlation
The correlation between VAGP.L and VGOV.L is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VAGP.L vs. VGOV.L - Performance Comparison
In the year-to-date period, VAGP.L achieves a -0.02% return, which is significantly higher than VGOV.L's -3.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VAGP.L vs. VGOV.L - Expense Ratio Comparison
VAGP.L has a 0.10% expense ratio, which is higher than VGOV.L's 0.07% 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%.
Risk-Adjusted Performance
VAGP.L vs. VGOV.L - Risk-Adjusted Performance 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 UK Gilt UCITS ETF Distributing (VGOV.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.
Dividends
VAGP.L vs. VGOV.L - Dividend Comparison
VAGP.L's dividend yield for the trailing twelve months is around 0.03%, less than VGOV.L's 4.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing | 0.03% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGOV.L Vanguard UK Gilt UCITS ETF Distributing | 4.02% | 3.16% | 1.87% | 1.09% | 1.16% | 1.38% | 1.57% | 1.62% | 1.62% | 1.92% | 2.05% | 1.90% |
Drawdowns
VAGP.L vs. VGOV.L - Drawdown Comparison
The maximum VAGP.L drawdown since its inception was -20.46%, smaller than the maximum VGOV.L drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for VAGP.L and VGOV.L. For additional features, visit the drawdowns tool.
Volatility
VAGP.L vs. VGOV.L - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) is 2.75%, while Vanguard UK Gilt UCITS ETF Distributing (VGOV.L) has a volatility of 3.18%. This indicates that VAGP.L experiences smaller price fluctuations and is considered to be less risky than VGOV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.